Troilus Mining CorpTSX: TLG

Tagish Will Initiate the Next Phase of Diamond Drilling at Skukum Creek

· Issued by Troilus Mining Corp

(TSX.V: TLG)

RICHMOND, BC, Nov. 1 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX.V - TLG) is pleased to announce that the contractor is being mobilized to commence a 5,000 metre diamond drilling program, to be undertaken from the exploration cross-cuts driven on the 1300 m level this year.

The program will focus on diamond drilling the upward and downward extensions of the Rainbow Two and Berg zones. In addition to increasing the resource in these zones, the objective is to provide information on the extensions of these zones to facilitate mine planning.

The program will also test the Rainbow Three zone where sampling in the drift on the 1300 m level has shown significant gold and silver values in this new zone.

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 km2 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 has a currently defined measured plus indicated resource of 1,420,000 tonnes grading 6.8 g/t Au and 131 g/t Ag (MineTech International Ltd. 2007 Update), and the Mt. Skukum gold deposit.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY

OR ACCURACY OF THIS NEWS RELEASE.