Golden Tag Drills 100-Metre Step-Out Hole Intersecting 63 g/t Silver Over 241 Metres With 0.7% Lead and 1.5% Zinc (143 g/t AgEQ(i)) at San Diego Project, Mexico

MONTREAL, QUEBEC--(Marketwire - Oct 15, 2012) - Golden Tag Resources Ltd. (TSX VENTURE:GOG) is pleased to provide additional results from its 5,500 meters drill program on the San Diego Property, Durango State, Mexico. Hole SD-12-50A, the fourth hole of the current phase 6 program confirms continuous mineralization over very significant widths in association with mineralized diorite ("endoskarn"). Further drilling will be needed to establish the exact geometry of this new zone. Additional positive results from other holes of the program were presented in the Company''s news release of September 24, 2012.

Highlights from hole SD-12-50A are:

*Ag Equivalent (Ag.EQ) Calculation uses US$ commodity prices based on a three year moving average of: $1300/oz .Au; $24.50/oz. Ag; $0.90/lb Zn; $0.95/lb Pb; $3.25/lb Cu applying 100% recovery of all metals. All reported lengths are core lengths. t=metric tons; T=short ton.

Hole 50A is a 100 metre step-out from hole SD-12-49 and was aimed at testing for the north-eastern extension of the polymetallic stringer-stockwork mineralization in endoskarn intersected in hole 49, which returned 240.9 m grading 148 g/t Ag.EQ with 63 g/t Ag, 0.77 Pb, 1.59% Zn and 0.20% Cu (790 feet grading 4.3 oz/T Ag.EQ) from 755 to 996 metres.

Assay results to date for hole 12-50A have been received only to a depth of 944m. Additional assay results for the mineralized interval from 944 m to 1,049 m are expected later this month together with assay results from Hole 50W, a wedge cut from Hole 50A, which crosses the new discovery midway between holes 49 and 50A.

The results of hole 50A provide additional support for a potential Bulk Mining model for the deposit at San Diego.

The property is a 50/50 joint venture between Golden Tag and Golden Minerals Company (NYSE Amex:AUMN)(AUM.TO). In March 2012, Golden Tag signed a revised option agreement with AUM whereby it can earn up an additional 10% interest in the property by incurring $3 million of exploration expenses (see News Release: March 28, 2012).

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