Troilus Mining CorpTSX: TLG

Tagish - Results from the Sampling of the Rainbow Two and Rainbow Three Drifts

· Issued by Troilus Mining Corp

(TSX.V: TLG)

RICHMOND, BC, July 3 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX.V - TLG) is pleased to announce results of samples from the drift excavation currently being undertaken on the Rainbow Two and Rainbow Three zones. These chip samples were taken across the entire face of the drift. The adjusted width shows the average of the results over the width of the zone, adjusted to a minimum width of 1.50 m.

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                                                     ADJ.
LOCATION          FROM    TO  WIDTH     Au     Ag  WIDTH     Au     Ag
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                    (m)   (m)    (m)  (g/t)  (g/t)    (m)  (g/t)  (g/t)
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Rainbow Two

Start (0)
0 + 62.0 m        2.80  3.20   0.40  35.70  102.0   1.50   9.50   27.2

0 + 91.0 m        0.25  0.60   0.35  52.00  196.0
                  0.60  1.30   0.70   0.42    0.0
                  1.30  1.70   0.40  87.00  212.0   1.50  35.50  150.8

0 + 95.1 m        0.00  0.20   0.20  11.20  256.0
                  0.20  1.05   0.85   1.34    0.0
                  1.05  2.00   0.95  30.60  212.0   2.00  16.20  126.3

0 + 198.0 m       1.35  1.75   0.40   1.54  124.0
                  1.75  2.45   0.70   0.04    0.1
                  2.45  3.00   0.55  44.10  400.0   1.65  24.90  269.7

Rainbow Three

Start (0)
0+15.8 m          1.40  2.00   0.60   6.64  152.0
                  2.00  2.30   0.30   3.48   44.1
                  2.30  4.00   1.70   5.57   70.3   2.60   5.58   97.7

0+18.6 m          2.70  4.20   1.50  14.20  112.0   1.50  14.20  112.0

0+19.4 m          1.20  2.20   1.00   0.00   62.5
                  2.20  2.90   0.70  10.00  144.0   1.50   4.70  100.5

0+32.0 m          3.55  3.90   0.35   3.66  386.0   1.50   1.00   90.1
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Robert Rodger, P.Eng., President of the Company, stated: "The Rainbow Two
zone has demonstrated high values over a considerable length thus far. And,
the Rainbow Three zone is the third zone discovered during the last two years,
confirmation of the potential of Skukum Creek. On completion of the current
program of drift excavation, the Rainbow Two, Rainbow Three and Berg zones
will be systematically sampled across the zone at one metre intervals."
The underground work program is under the supervision of Robert Rodger,
P.Eng., the President of the Company, a qualified person under NI 43-101.
Sampling and assaying procedures are subject to a rigorous QA/QC program,
which includes insertion of standards and blanks for each batch of samples.
All samples were delivered in sealed packages to Eco-Tech Laboratories in
Whitehorse, YT for preparation and shipped by Eco-Tech to their laboratory in
Kamloops, BC analyses. Samples that return values greater than 900 ppb
Gold (Au) by ICP were fire assayed for gold.

About Tagish Lake Gold Corp.

Tagish Lake Gold Corp. explores for and develops high grade gold-silver
mineral deposits in the Yukon Territory of Canada. The Company is currently
focused on its wholly owned, 178 km(2) Skukum Mineral District located 80 km
by road south of Whitehorse. The Skukum Mineral District hosts the Skukum
Creek gold-silver deposit and the Goddell Gully gold deposit and the
Mt. Skukum gold deposit.

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