Golden Tag Intersects 376.4 Ounces Gold Per Ton in Lingo Vein, Aquilon Main Project, James Bay, Quebec

Golden Tag Resources Ltd (TSX VENTURE: GOG) is pleased to announce encouraging results in recent diamond drilling on the Lingo Gold Occurrence on the Aquilon Main Gold Property in James Bay, Quebec. The outcropping, high grade gold-bearing vein was tested with tight grid pattern (approx. 10 x 10 metre centres) of 47 shallow, vertical holes over a strike length of 100 metres and down its shallow dip (30ï¿1/2NNE) for 90 metres. Assays returned grades of up to:

- 3,230.89 grams gold per tonne (g/T Au) over 0.80 metres (m) (94.23 ounces gold per ton over 2.62 feet), including,

- 12,906.5 g/T Au over 0.20 m. (376.44 ounces gold per ton over 0.65 feet).

The very high gold intersection contained 7 to 10% visible gold similar to visible gold samples returned in surface trenching and drilling conducted by Sirios Inc. and SOQUEM INC. in 2002. Drilling confirms the very high grade mineralization plunges down-dip, shallowly to the north-northeast. At least 12 other gold occurrences are known on the property within the Wolf Lake Shear zone, a 300 metre wide, east-trending shear zone which has been mapped for 5 kilometres across the property. None of these occurrences have been tested in this manner with closely-spaced grid drilling.

Golden Tag Resources acquired a two stage option on the Aquilon Main property in 2003; initially to earn a 40% interest in the project with a second option to earn into an overall 60% interest. Golden Tag has now met work commitments and is in a position to vest in the first option. The Company is now reviewing these results in conjunction with all prior exploration results from the property to identify a clear approach for future exploration and vesting in the property.

Over twenty gold-bearing intersections with composite assay values of more than 2.0 g/t Au have been returned from the program, Table 1. High grade intersections from Table 1 include:

Hole No                 Intersection      Hole No             Intersection
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AQ-08-01      11.54g/T Au over 2.05m     AQ-08-14   12.55g/T Au over 4.38m
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AQ-08-06   3,230.89g/T Au over 0.80m     AQ-08-24   90.60g/T Au over 0.25m
including 12,906.50g/T Au over 0.20m     AQ-08-25   22.91g/T Au over 3.68m
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AQ-08-10      64.10g/T Au over 0.47m     AQ-08-27   78.23g/T Au over 0.92m
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AQ-08-12      70.10g/T Au over 0.32m     Including  325.0g/T Au over 0.21m
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AQ-08-13      16.27g/T Au over 0.30m     AQ-08-39   24.50g/T Au over 0.30m
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True widths are between 87% to 94% of reported core lengths. A map showing
the closely spaced drill holes will be available shortly at the Golden Tag
Website  www.goldentag.ca 

The 2008 diamond drill program consisted of 47 NQ holes (Fig. 1) totalling 1,074 meters. Drilling tested the Lingo gold occurrence at relatively shallow depths (4.3 to 60 m) on a close grid pattern of vertical holes to trace the mineralized quartz vein from surface trenches to a vertical depth of 30 m. The high grade gold-bearing zone has a strike length of 10 to 20 metres and plunges NE to NNE. Mineralization is considered open at depth. Mineralization is characterized by the presence of visible gold in narrow (less than 1.0m) quartz ï¿1/2 carbonate veins hosted in sericitized and silicified felsic volcanic rocks. The veins have very low sulphide content.

Mapping and prior exploration of the property has identified at least 8 high grade gold occurrences along the East-West trend of the Wolf Lake Shear zone, including the recent discovery of the Red Toad Showing on its' eastern margin by Golden Tag (see Press Release: July 24, 2004). Quartz veining at Lingo is persistent along strike and beyond the limits of the current program of drilling.

The very high grade assay interval of 3,230.89 g/T Au over 0.80 m in hole AQ-08-06 includes a reported value of 12,906.5 g/T Au over 0.20 m (376.44 ounces gold per ton over 0.65 feet). The later value is considered a MINIMUM value for this interval of core. The interval contains 7 to 10% visible gold as pinpoints, specks and blebs measuring up to 4 mm by 9 mm within a coarse-grained quartz vein (true width 12 cm). The sample was assayed by screened analysis. Assays of both fine (414 grams in weight) and coarse fractions (17 grams in weight) returned the upper limit assay of this method, 10,000 ppm Au. Reassaying of the fine fraction only by concentrate gold method returned 12 906.5 g/T Au. The original coarse fraction is destroyed in the screen analysis and could not be reassayed. Because of the nature of the sample, the coarse fraction can be assumed to have contained more than this reported grade.