Le Lézard
Classified in: Mining industry, Business
Subject: MINING EXPLORATION UPDATE

Golden Tag Confirms Refiling of the Technical Report on the San Diego Project, Velardena Mining District, Durango State, Mexico



MONTREAL, QUEBEC--(Marketwired - June 12, 2015) - Golden Tag Resources Ltd. (TSX VENTURE:GOG) is pleased to report, as per the Company's May 28th, 2015 news release, that it has filed an amended Technical Report on the Updated Resource Estimate for the San Diego Deposit undertaken in 2013. A summary of the Resource Estimate is presented in Table 1. The Resource estimate and conclusions of the report have not changed from the original report or news releases on February 26, 2013; March 4, 2013 and April 23, 2013. For further details and information please refer to the amended report titled: "NI 43-101 Technical Report: Updated Mineral Resource Estimate San Diego Project, Velardena Mining District, Durango State, Mexico", which is available at www.sedar.com and at Golden Tag's Web site at www.goldentag.ca.
  Table 1. Summary of Mineral Resources, San Diego Property, Durango State, 
                                    Mexico                                  
                                                                            
----------------------------------------------------------------------------
SAN DIEGO                                                                   
RESOURCE    CoG                                                             
 ESTIMATE   (g/t)                      Indicated Resources                  
                    --------------------------------------------------------
                      Tonnes      Au      Ag      Pb      Zn AgEq(2)   Ag Oz
                        (Mt)   (g/t)   (g/t)       %       %   (g/t)  (M.oz)
----------------------------------------------------------------------------
TOTAL OXIDE                                                                 
 VEINS (10) 133         0.31    0.43     211   NA(3)   NA(3)     234    2.11
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
   Sulphide Veins                      Indicated Resources                  
----------------------------------------------------------------------------
Trovador    52          0.29    0.09      87    0.72    4.15     194    0.81
----------------------------------------------------------------------------
Montanez                                                                    
 (3)        125         0.56    0.31     101    1.36    1.43     170    1.82
----------------------------------------------------------------------------
Other                                                                       
 Sulphide                                                                   
 Veins (10) 52-125      0.53    0.14     166    1.38    1.03     227     2.8
----------------------------------------------------------------------------
 Sub-Total Sulphide                                                         
        Veins           1.38    0.20     123    1.23    1.85     197    5.43
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
   Fernandez Zone                      Indicated Resources                  
----------------------------------------------------------------------------
EndoSkarn   52(1)        9.3    0.06      55    0.59    1.33     100    16.5
----------------------------------------------------------------------------
Fringe      52           5.5    0.06      43    0.74    0.89      83     7.6
----------------------------------------------------------------------------
Sub-Total Bulk Zones    14.8    0.06      51    0.65    1.17      94    24.1
----------------------------------------------------------------------------
TOTAL SULPHIDE ZONES    16.2    0.07      57    0.70    1.23     103    29.5
----------------------------------------------------------------------------

  Table 1. Summary of Mineral Resources, San Diego Property, Durango State, 
                                    Mexico                                  
                                                                            
----------------------------------------------------------------------------
SAN DIEGO                                                                   
RESOURCE    CoG                                                             
 ESTIMATE   (g/t)                       Inferred Resources                  
                     -------------------------------------------------------
                       Tonnes     Au      Ag      Pb      Zn AgEq(2)   Ag Oz
                         (Mt)  (g/t)   (g/t)       %       %   (g/t)  (M.oz)
----------------------------------------------------------------------------
TOTAL OXIDE                                                                 
 VEINS (10) 133          0.29   0.43     238   NA(3)   NA(3)     261     2.2
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
   Sulphide Veins                       Inferred Resources                  
----------------------------------------------------------------------------
Trovador    52           4.41   0.04      68     0.9    1.55     124     9.6
----------------------------------------------------------------------------
Montanez                                                                    
 (3)        125          1.57   0.18      91     1.5     1.9     174     4.6
----------------------------------------------------------------------------
Other                                                                       
 Sulphide                                                                   
 Veins (10) 52-125       7.12   0.14     109     1.7    1.99     200      25
----------------------------------------------------------------------------
 Sub-Total Sulphide                                                         
        Veins            13.1   0.11      93    1.41    1.83     171    39.2
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
   Fernandez Zone                       Inferred Resources                  
----------------------------------------------------------------------------
EndoSkarn   52(1)         9.6   0.04      57     0.6     1.3     101    17.4
----------------------------------------------------------------------------
Fringe      52           19.1   0.05      41     0.7    0.97      81    25.1
----------------------------------------------------------------------------
Sub-Total Bulk Zones     28.7   0.05      46     0.7    1.08      88    42.4
----------------------------------------------------------------------------
TOTAL SULPHIDE ZONES     41.8   0.07      61     0.9    1.32     114    81.6
----------------------------------------------------------------------------
Note: (1) Block Caving/Mechanized Bulk Mining Cut-Off Grade (CoG) of 52 g/t 
AgEq or NSR $30/t. See Table 2 for more details) (2) AgEq: Silver Equivalent
ounces based on 3-yr trailing average (ending in 2013) commodity prices of  
US$1455/oz.Au; US$28.10/oz.Ag; US$1.00/lb Pb and US$0.96/lb Zn applying     
estimated Mill and Smelter recoveries. Note that Zn and Pb are excluded from
AgEq for oxide veins and Cu and Au are excluded from AgEq within Sulphide   
bodies. (3) Pb and Zn are excluded from oxide vein resources due to lack of 
metallurgical tests illustrating their potential recoveries. (4) Totals may 
not add up correctly due to rounding.                                       

Cautionary Statement: Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

The Resource Study was undertaken by SGS Canada Inc - SGS Geostat Group ("SGS") with Indicated Resources and Inferred Resources estimated and classified using CIM Standards and a block modeling interpolation with geo-statistical analysis. SGS recognizes that there are areas within the 23 modelled structures, and as extensions to these structures, which require additional drilling to meet the Resource criteria applied in their evaluation. These additional targets with further exploration drilling may provide additional tonnage of 20 to 50 million tonnes grading 100 to 150 g/t AgEQ. This stated range of quantity and grade is conceptual in nature and there has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in these target areas being delineated as a mineral resource.

The San Diego Property is a 50-50 joint venture between Golden Tag and Golden Minerals Company (NYSE MKT:AUMN)(TSX:AUM). Golden Tag is the operator and has an option to increase its' interest to 60% by funding additional exploration on the property.

Qualified Persons:

The Resource Estimate for the San Diego property was undertaken by SGS Canada Inc- SGS Geostat Group under the management and supervision of M. Claude Duplessis, Ing., Ms. Kateri Marchand, P.Geo., M. Guy Desharnais Ph.D, P.Geo. and M. Gilbert Rousseau, Ing., Independent Qualified Persons (QP) in accordance with NI 43-101.

David Rigg, P.Geo and CEO of Golden Tag, Qualified Person (QP) in accordance with NI 43-101, has prepared this press release. MM. Duplessis, Marchand, Desharnais and Rousseau have read and approved the content of this press release as it pertains to the disclosed mineral resource estimate.

Cautionary Statement: Statements in the release that are "forward looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. For a discussion of the risk factors that are inherent in the Mining Industry see our public filings at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Contact Information:
Golden Tag Resources
Marc A. Carrier
President and C.F.O.
(514) 426-8542
(514) 426-8543 (FAX)
pres@goldentag.ca
www.goldentag.ca

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