Golden Tag Completes $900,000 Financing, Inks Definitive San Diego Purchase Agreement

MONTREAL, QUEBEC–(Marketwired – July 29, 2016) – Golden Tag Resources Ltd. (TSX VENTURE:GOG) (the “Company“) is pleased to announce that it has now completed its previously announced financing which raised $900,000 through issuance of 18 million units (the “Units“) at an offering price of $0.05 per Unit. Each Unit is comprised of one common share (each, a “Share”) and one common share purchase warrant (each, a “Warrant“). Each Warrant entitles the holder thereof to purchase one additional common share (each, a “Warrant Share“) of the Company for a period of five years at a price of $0.07 per Warrant Share if exercised in the first year and $0.12 per Warrant Share if exercised in years two through five. Insiders of the Company purchased a total of 3,000,000 Units for aggregate gross proceeds of $150,000 of which $90,000 was subject to shareholder approval which was received at the annual meeting held on June 27, 2016.

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