Well, Tyhee investors, wish you were there with me today! But I can give you my account of the day, and you can decide for yourselves what you can take from it.

I'll be speaking in terms of my own impressions, not of any specific statements made, as I did not record the discussions nor take any pictures.

I flew out on a Caravan, and had a chance to talk with someone from ACME labs as well as a prospector doing some contract work for Tyhee, during the flight. I was met at the airstrip by Val Pratico, Chief Geologist.

We started out in the Geologist's office, a trailer in back from the main camp building. We had a wide ranging discussion on the exploration program, the status of current drilling, and so on. From this, I got the clear impression that the company is following a methodical process of determining the drill targets from the geology rather than geophyscial data or any hit-and-miss type hail mary drilling. It seems that drilling at Ormsby is all done, except that engineers may want a few holes at some time to further refine some data. Big Sky does not seem to be in line for any more drilling this year, as Clan Lake and Goodwin Lake are getting the resources at this time.

From the drilling plan, trench data, prospecting, historical data and basic geolocial picture, it seems that Goodwin Lake has a considerable pottential in that it's geology is quite similar to Ormsby. This could turn out to be a depost of sufficient size and grade to add materially (my own words) to the resource, given a year to drill it off. The geologial data is coming together, and whatever ore body could be there is taking shape. So Goodwin Lake is blue sky and being explored methodcially. Similarly for Clan Lake. Clearly they are not drilling based on the historical drill data, but are following their own plan to drill of Clan Lake and dilineate what that has to offer. I would say that both of these are going to get about equal effort until the idle third drill is assigned to some targets as they come into focus.

In general, the geology office proved a watershed of information that has hopefullyl helped me to better understand that even if bringing a mine into production is one of the company goals, and my personal desire, the exploration of these properties remains a core competency and emphasis of the company. One limiting factor seems to be experienced geologists. Attracting the right sort of people to the team seems to be a challenge across the industry. From what I saw, Tyhee has a special atmosphere. The personnel I interrogated at the camp included the first-aid/cook person, another cook, a helicopter pilot, a lab technician, one of the student geologists, a prospector, a geologist, and a drill operator. All of them exhibited a very high commitment and professionalism, but also a subtler, famly atmosphere and high morale. Interactions are professional and yet comfortable. People work long, hard hours and at each work station I visited, people were deeply engaged in their tasks.

I asked a student geologist to explain how he processes the cores, and he enthusiastically explaned how he lays them out, how he makes sure each length of core is continuous and has not been mixed up, how he then lays out the quartz veins and labels the obvious mineralization, and then goes over it in more detail and logs the data. A respect for Tyhee's thoroughness in data was made clear when Val explained some of the ways he uses the data to further his understanding the full picture. They have an intimate understanding of the Ormsby property, and are building up the same depth of knowledge in the more early stage exploration. Seems to give clues that save on wasted drilling.

As for drilling, I have always wondered how they get the cores up from the drill head, hundreds of metere down. Did you know how? There's a kind of internal tube that is pulled up by a wire pulley system, taking something like 3 metres of core up to the survace, while the drill head stays at depth. Express elevator!

The guys who split the core sampels were working in a steady, workmanlike fashion keeping two cutters going continuously, and bagging half of the cores into pre-labeled sacks for the grushing and sampling of the ACME lab technician. Working full tilt with an organized, efficient system.

We also walked into the Ormsby portal/decline. It was done in the size that will be used in any underground mining operations. This lead to a discussion of where the balance may lie between open pit and underground. For example, perhaps 40% of Nic Lake could be open pit, while the remainder would be underground. The top portion of the Ormsby resours ( the Measured part) could be open pit, while the remainder depths as well as Bruce zone could be underground. Val helped me to understand that they'll probably start both underground and open pit simultaneously. This was news to me, as I had assumed that they will do an open pit, and once it's at its deepest extent (limited by a 50degree slope on the sides) then it would go underground, like Ekati has done. But the idea here is that ore from the open pit(s) will be paced to match the output from underground, to strike a balance as underground mining is somewhat limited in tonnage compared to the open pit, so combining the feeds provides the best long term balance.

I have wondered about how the resource will be expanded at depth. It seems that the idea is to drill from a progressively deeper series of chambers in the incline as it's drifted deeper and deeper, keeping exploration reaching down "ahead" of the underground mining. But rather than follow tight seams of high grade, this would be a bulk tonnage underground mining operation. Hence the large portal of something like 8m x 8m. That the rock is very competent (or other word meaning holds together well and does not crumble down!) is a real advantage.

On the cheimcal properties of the ore, Val explaned how the fact that the ore is very "coarse" will allow substantial amounts to be free-milled without any chemicals, thus minimizing how much needs arsenic to leach out. But there won't be leach pads, as I understand, it will be in a continuous process with very finely crushed ore (like a grain of sand) going through the process in a short timeframe. The crushers would not be in the pit, but would be stages in the processing circuit.

Overall, the scale of an open pit now seems much smaller than I had though, say about 40% of the resource (M&I), which coincides with the boundary where the Measured resource ends, with underground for the remainder and the life extension. But then ore from Goodwin Lake or Clan lake may also be partly from Open Pit as well. As such, permitting and other requirements are conceived with both formats in mind.

I got the impression that the recent low share price affects those at the cold face as well, except that they have a much more realistic understanding of the time it takes to build the resource. They focus on the exploration work and do their jobs in a very thrifty, committed, and famlial manner. Mentorship in the geology as well as camp employment in general seems to be such that people would rather work for Tyhee than other places. It seems right-scaled, not too large an operation, and not puny iether. There are strong loyalties involved. Also, favours done by Tyhee to a university, in giving samples or rocks, yields student resumes. It seems that Tyhee does not run on any Type A personalities, but rather builds long-term relationships well.

Fuel costs this coming winter may be as high as 1.50 /litre, but they don't need to use as much diesel this coming winter as last, as they are running a smaller, optimal sized generator and are not conducting any of the diesel-intensive work that they did the previous year, so they now have a stockpile of fuel at about 1.01/1 in the 900,000L or so of tanks. The mechanic has created a heat-recovery system so that the mech workshop is heated by waste heat from the smaller generator. Tanks well in excess of current needs, but excellent infrastructure for the future requirements. They are likely to use 30-Tonne (Volvo) type trucks, not the ginormous ones we've seen in megga pits. I got a sense of where they may locate the facilities, and the lay of the land, and it really seems to be a compact, efficient layout. You can see the ridge line just past which the Nic Lake ore would be hauled, and there is a solid ridge line almost all the way there. Quite efficient for roadbuilding.

One of my concerns was to discern the company's Q3 focus and how they are setting themselves up for fall financing. Seems that the drill program ought to be delivering much of the results in August, to enable a complete resource update. So for those of us who have been holding our breaths, I think we'll have to focus on the imminent PA, and not be expecting a 2 million ounce resource any time soon. The PA, by the way, is not based on any inferred resource so the only reason 2 million has been important in this discussion forum is to be noticed as a takeover target. But as I understand the vision here, being taken over is not the objective. A vigourous exploration program and concurrent development of a Tyhee mine is the focus, not 'size'. However, I also got the impression that Dr. Webb has inroads in financing future objectives when the time comes, and that what I anticipate as fall financing will work out well in positioning the company for th e08/09 winter resupply and winter exploration program. On that note, seems to me now that the reason there were 3 drills at Big Sky was to take advantage of ponds and swamp frozen to the bottom to permit drilling on a seasonal/opportunism basis rather than any excited hopes. One poster here said as much way back in February.

My overall impression today was that my hopes for a mine to come on stream quicily should be tempered with a respect for the importance of the methodical exploration program on the one hand, and the time it will take for a pre-feasabilty study, perhaps starting this fall. That there will be concurrent progress on permitting and other aspects while the feasability progresses is a source of hope. But we are a couple of year away from the big build up. The real pottential for some share price appreciation, however, seems to be on the marketplace recognizing Tyhee's actual domminance of the Yellowknife Gold belt, their strategic approach to the Yellowknife constellation of properties, and the many upsides that go along with the properties themselves: No overburden to remove, the possibility of electrial power from Blue Fish or even a micro-generation hydro generator right at the Ormsby site, ore-streams from up to 4 deposits, and a company built on a balanced and very harmonious team that works very well together finding gold in a thrifty and determiend manner.

My faith in Dr. Webb was strong, but now I see that it's not a one-horse operation. He has attracted some very talented people who love their work and work well together. They have something special, and as a shareholder today I feel that I'm a small part of that story. When I asked what shareholders can do to help, one thing was that some of the materials posted on discussion sites is very annoying, where people claim expertiese and ability to assess the company where they appearantly reveal real ignorance. I'm sure I've been guilty of this myself, but the real annoyance is the negativity. One wonder's about the motivation of those who spend so much time and energy asserting that Tyhee does not have what it has. Tyhee has a coherent strategy, excellent properties, the dominant position in a very large gold belt with a great deal of upside possibilities, a well managed team, and a working environment which seems to have that magic that you find with true champions.

All we need to do is have some faith in their efforts and capabilities, and be positive as we endure the hardships that go along with this sector, and be patient.

OH, and I'm going to e-mail Dr. Web & Val to:

1. Thank them for giving this one investor such an inspiring tour, and

2. Ask to be informed of any future private placements. I've never been involved in one before, and would like to know more about how they are carried out.

Thanks for taking the time to read my comments.

SKELEG