These were kindly offered in reply to the comments that were posted:

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Question #1.

Let’s address myself. I work as a consultant to Tyhee for many reasons, not the least of which is it minimizes Tyhee’s costs and liability to me. As well, the Canadian tax system punishes employees, allowing consultants greater lee way in financial planning.Currently, experienced geologists are receiving anywhere upwards of $1,000 per day. Junior geologists are receiving $350 per day and more ($105,000 per 300 days, plus benefits).DRW invoiced Tyhee $177,420 in 2007. This works out to $166,700 before GST which Tyhee receives back. This is equivalent cost to Tyhee of a salaried person of about $116,000 (+/-). Currently, first year geologists start at $100,000 per year (see article at the end). So for about $16,000 per year, Tyhee gets a graduate engineer, M.Sc. Geologist, Ph.D. Geologist, with over 25 years of experience. There are two other individuals in the company that make more than this.There’s a guy on the street corner here in Vancouver who is willing to work for less than Tyhee’s current management. Perhaps those that are concerned about reducing compensation payments should look to him. What should you pay someone to manage your money, in a $80 million company.

Question #2

Again, what should legal fees cost. Check it out, we’re at the low-end of what a company our size pays.

Question #3

Great question, but only half the details. The royalty gets paid AFTER capital recovery. It was negotiated as an arm’s length deal in 2001. I’d be very happy to renegotiate now. Tyhee on the other hand would not want to open negotiations. It has nothing to do with DRW’s relationship with Tyhee, rather it was an asset Tyhee wanted.

Question #4

Is there a question here? There is a comment that at prices under $1,000 the YGP is uneconomic. Please sign your name to this and be responsible for it. I’m going to do exactly that with the P.A.

Question #5

Again, same issue. Is there a question here?

Question # 6

Stock options and warrants. Options are granted as per our Option Policy which is approved by shareholders each and every year. They are issued twice per year, after the AGM in the spring and after the fall budget meeting. The only exceptions are delays due to blackouts where no shares or options may be issued, sold or exercised.

The NSR was negotiated in 2001 (gold price <$285 per ounce, and is less than industry standards. I agree it should be renegotiated or I should get the property back. Perhaps Lovecarrots could place that on the agenda at the AGM?

There are no salaries paid to consultants. The compensation is fully disclosed and DRW invoices $177,420 per year which is less than current industry standards. Consultants are paid invoiced amounts plus GST (GST is recoverable by Tyhee). Employees are paid salary, plus statutory payments (E.I, plus C.P.P.) plus holidays. Additionally, the company has other statutory requirements such as termination notice, and the directors are personally liable for any unpaid employee benefits. Performance benefits are declared by the board based upon the recommendations of the compensation committee. If a shareholder has issues with this, they should send a note to the compensation committee, the chairman of Tyhee, and/or Tyhee’s corporate counsel.

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Further to this Dave added the following:

I realize this is not coming from you Crowlee, and my comments are not directed at you. My comments are directed to individuals who wish to suggest that their funds be managed by someone being compensated at a rate less than a graduating geologist would make. Bizarre when you think about it. In 2000, 2001, and 2002 RGS and DRW took home a total compensation package of close to $10,000. Total, not per year. We worked very hard to make Tyhee work, and when Tyhee purchased Nicholas Lake, for cash and a royalty, no cash was exchanged. Tyhee didn’t have any cash. DRW waived payment, helping Tyhee without compensation. Eventually DRW was paid, but I don’t know too many employees who would waive salaries for several years, sell and asset to the company and waive payments until the company gets financed and can move forward.

Royalties on the YGP have nothing to do with my management position. It has to do with my experience in the belt, and my ownership of certain mineral rights. I have owned and controlled mineral properties in Yellowknife for decades, and still own mineral rights.

Tyhee’s assets, Nicholas Lake, Ormsby, Goodwin Lake, Clan Lake, BigSky are all DRW defined targets. Each one has value that the market believes is worth $80 million. Net of funds raised, this is an increase in more than $40 million. Total cost to the shareholders? $500k? Good value for the shareholders I would think.

Dave