Tyhee Gold Corp. announced that the maturity date of the previously announced note purchase agreement with RMB Australia Holdings Limited has been further extended to July 14, 2015. Under the terms of the Agreement, RMB Australia provided the Company with a USD 5 million loan, which was previously to mature on June 30, 2015 and bears interest at 2% per month.

This extension has been made in order to facilitate Tyhee's plans to raise the appropriate capital for the previously announced Implementation Agreement with RMB Australia and Sutter Gold Mining Inc. whereby, subject to certain conditions, Tyhee will acquire: all of the issued and outstanding shares of Sutter currently held by RMB and/or its affiliates; all of the issued and outstanding shares of Sutter that are to be issued to RMB by Sutter upon the proposed conversion of USD 8 million of RMB's current debt exposure to Sutter; and approximately USD 17 million of RMB's additional debt exposure to Sutter. Upon completion of the Transaction, Tyhee will hold approximately 73% of Sutter's issued and outstanding shares, on a non-fully-diluted basis. Tyhee, RMB Australia and Sutter have also agreed to extend the planned closing of the Transaction to a date that would be mutually agreed upon by the parties.