Tagish shotVANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 4, 2010) - Tagish Lake Gold Corp. (the "Company") (TSX VENTURE:TLG - News)announces it has cancelled an aggregate of 11,981,720 Company incentivestock options representing all Company incentive stock options theCompany granted April 1, 2010 (collectively, the "Options") and approvedby the Company's previous board of directors.
Followingcancellation of the Options the Company will have 1,000,000 optionsissued. Any future options to Company directors, officers, employees,and consultants will be granted, subject to: the creation of a newCompany stock option plan (the "Plan"), prior TSX Venture Exchange("TSXV") approval, and prior approval of the Plan by Companyshareholders.