Warren Bevan's New Analysis on Tyhee is expected to be fully available, with all of its charts and diagrams, on Hubert's Tyhee Investors Blog, http://tyheeinvestors.blogspot.com/.

Thank you Hubert!

It is also available to Warren Bevan's subscribers on http://www.preciousmetalstockreview.com/ ,the March 10, 2010 issue.

I've asked Agoracom to make the report fully available to us here on our Forum's home page's PRESIDENT"S D.D. box.

In the meantime,

The Report:

"This short overview report was done as a favour to the passionate group

of shareholders who are invested in Tyhee Development Corp. as one of the few

analysts whom cover this company regularly.

The shareholders are in fact so passionate about this great company that

they’ve

activated a website where discussion takes place regularly about the

company and it’s progress moving forward, as well as relevant economic news

and views.

Tyhee is traded on the TSX Venture (TDC) in Canada. They enjoy an

average volume of 208,700 shares per day, although that only represents about

C$46,000 per day.

Tyhee also trades thinly on the US Pink Sheets where they average about

64,000 shares per day.

The management team is very experienced having some 206 years of

experience between the top 7 managers. The experience ranges from drilling,

to law, to exploration and development. The team is a complete package and

that’s why they are in the enviable position they are in today.

Their Yellowknife properties include Ormsby, NIcholas Lake, Bruce Zone,

Goodwin Lake, Clan Lake and the Bigsky Property which is located adjacent to

the previously gold producing Giant Yellowknife Mine, which produced 8 million

oz at roughly 1/2 oz per tonne.

There are several gold bearing zones located within the many claims

which have yet to be fully explored. However, high grade of nearly 1 oz per

tonne gold was produced in the mid-1900’s when over 1 million oz gold was

produced. This was from the Ormsby and Bruce Lake areas where

mineralization continues below the past producing areas.

As the saying goes; if you want to find gold, go to an old gold mine!

The area has a long history of mining and despite the cold, it is highly

amenable to and very mining friendly. Ice roads are built in winter in order to

re-stock camp and potentially to transport ore. Logistically there are no

surprises or nothing new to worry about in this climate.

It’s been done before.

Recent exploration and development has focused on the southern portion

of the Clan Lake property which is located 33 km south of the Ormsby Zone and

50km North of the city of Yellowknife. The mineralization there is primarily

constrained to a 6.5 km long, 900m wide north-northeast striking trend.

Exploration work is ongoing so the story is still developing but already

Tyhee has a near 2+million oz gold

resource which puts the company squarely

in the crosshairs of a major producer.

In fact a recent NI 43-101 compliant

report was issued whereby measured and

indicated resources already totalled 1.95

million oz gold grading 3.47 g/t and that

doesn’t included the 269,000 oz gold of

inferred resources.

Recent geotechnical work was also done on the mineralization at the

Ormsby zone which is very similar to the Clan Lake zone, meaning recoveries

should be very similar. The Ormsby zone saw recoveries of gold between 90%

and 97% using crushing and grinding, followed by gravity, flotation and

cyanidation.

Looking into a few numbers, the company has only 196.8 million shares

outstanding giving them, a tiny market cap of only C$40.3 million which

equates to about $20 per ounces of gold in the ground.

Recent exploration success has seen Tyhee discover gold for $5 per oz in

the ground. Exploration success like that is nearly non-existent in the business

today. And even if the company continues to discover gold for $5/oz and is

valued in the market at $20/oz then this company still represents great value.

If the upcoming pre-feasibility study is returned positive then it’s very

likely the preliminary assessments numbers (Fall 2009) will hold true. Those

numbers represent a 32.7% pre-tax internal rate of return at $1,000 oz gold

which is spectacular.

If you’ve been reading my work for the past few years or even months

then you know how bullish I remain on the gold price. I believe that gold will

be multiples of today’s price, which is already higher than $1,000, and the rate

of return then, will be unheard of.

I don’t believe costs will escalate in an o

ff setting manner against the

increasing gold price leaving Tyhee shareholders, or an acquiring company, to

reap incredible profits.

Tyhee has produced some short, enlightening videos of their resource

blocks which are a must see before any consideration is given to investing in

the company.

Goodwin VAD Zone

Clan Lake

Bruce Zone

Ormsby Zone

Nicholas Lake

All in all, this company has all the elements I like to see.

A very strong and experienced management team

Insiders hold a healthy chunk of the company

The mining jurisdiction is politically safe and consistent

The property is in an historic mining area which remains friendly

A near 2 million oz gold resources is already delineated

Metallurgically, the rock is relatively simple.

Strong, long-term institutional holders

Educated, passionate long-term shareholders

Plenty of exploration upside

Low exploration costs and risks

Simple logistics

Very undervalued in the marketplace

The only problem with Tyhee is the small daily volume of shares traded.

It will be fine for small investors, but if too many pile in at once the shares will

jump much higher at an unsustainable rate. I recommend doing your own due

diligence in this stock.

During your due diligence process if the shares happen to rise, sit back

and wait. They will likely come back lower before the pre-feasibility study is

released in late June 2010. Once that is released the shares should move

sharply higher and form a new base at a much higher level. If you have an itchy

trigger finger, don’t worry the bull market will bail you out!

If you are looking to acquire a large chunk of the company then call them

up, or wait. There is bound to be a need for a cash infusion in the future of

which you may be able to acquire shares and warrants at a discount.

What is most exciting is still to come for Tyhee. A pre-feasibility study is

expected to be completed and released by the end of June 2010 and if all the

blocks fall in to place, and they should, Tyhee should have a robust report

which should see the shares move up to at least the C$0.60 area.

Fibonacci levels on the left chart show the congestion of recent months

which has constrained the stock price. The right chart shows the ten year

monthly chart which has significant resistance levels at $0.30, which has been

the level tested as of late, $0.60, $0.80 and $1.

Using this simple technical analysis I could see the stock moving up to

the $0.80 or even $1.00 for a short period after the report is released in June,

then moving back lower and using the $0.60 are as support for as long as need

be.

I’ve talked with some Tyhee shareholders in the past and they’ve sco

ffed

at that $0.60 number, but I’ve learnt that in this business you have to expect

the unexpected and keep your expectations low, at least in the short term.

o u s M e t a l S t o c k R e v i e w Page

With such a small dollar amount traded daily it’s an easy target for the

corrupt bunch who short these types of stocks illegally and make a killing,

while disheartening long-term shareholders temporarily. At the same time if

you know and understand these shenanigans, you can use them to your

advantage.

Neither Precious Metal Stock Review, nor myself, Warren Bevan were paid

or received any compensation in any way shape or form to issue this report for

the

Tyhee Development Corporation’s investor webpage

which is hosted by real investors in the company.

In my free, nearly weekly newsletter, reports or articles I include many

links and charts which cannot always be viewed through sites which publish my

work.