TLG Troilus Gold Corp (delisted)

Tagish Lake Gold Corp. (the "Company") (TSX VENTURE:TLG) announces that the
Supreme Court of British Columbia (the "Court"), on November 3, 2010, issued an
interim order authorizing the Company to, among other things, call a meeting of
its shareholders (the "Meeting") to consider and, if deemed advisable, pass a
special resolution approving the proposed arrangement (the "Arrangement")
involving New Pacific Metals Corp. ("New Pacific"), as previously announced on
October 29, 2010. 


Pursuant to the proposed Arrangement, New Pacific would acquire all of the
issued and outstanding common shares of the Company ("Shares") which it does not
currently hold. New Pacific currently holds approximately 79.2% of the
outstanding Shares. The Arrangement is being proposed in order to allow New
Pacific to acquire the Shares that were not deposited under the recently expired
take-over bid by New Pacific for the Shares. If the Arrangement is completed,
the Company will become a wholly-owned subsidiary of New Pacific.


The Company intends to hold the Meeting at 10:00 a.m. (Vancouver time) on
December 15, 2010, at the offices of Blake, Cassels & Graydon LLP, at Suite
2600, 595 Burrard Street, Three Bentall Centre, Vancouver, B.C. The record date
for determining the holders of Shares that will be entitled to receive notice of
and to vote at the Meeting is November 12, 2010. The special resolution
approving the proposed Arrangement must be approved by at least two-thirds of
the votes cast by shareholders represented in person or by proxy at the Meeting.


The Company also received, on November 3, 2010, an order of the Court vacating
the October 8, 2010 order of the Court requiring the holding of a meeting of the
shareholders of the Company on November 17, 2010. As disclosed in the October
27, 2010 news release of the Company, the previous directors of the Company have
each resigned and have been replaced with nominees of New Pacific. Given that
the only matter to have been considered at the November 17, 2010 meeting was the
removal and appointment of the directors, that meeting was no longer necessary.


This news release may contain forward-looking statements (within the meaning of
applicable securities laws) relating to the Company. Forward-looking statements
are identified by words such as "believe", "anticipate", "expect", "intend",
"plan", "will", "may" and other similar expressions. This information involves
known and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in such
forward-looking information. Forward-looking information in this news release
includes, without limitation, statements made in respect of the Arrangement.


All forward-looking statements in this news release are qualified by these
cautionary statements. Forward-looking statements involve significant risks and
uncertainties, should not be read as guarantees of future performance or
results, should not be unduly relied upon and will not necessarily be accurate
indications of whether or not such results will be achieved. Forward-looking
information is based on various material factors or assumptions, which are based
on information currently available to the Company. Although the forward-looking
statements contained in this news release are based upon what management
believes are reasonable assumptions, the Company cannot assure readers that
actual results will be consistent with these forward-looking statements. 


The forward-looking statements contained in this news release are made as of the
date of this news release and should not be relied upon as representing the
Company's views as of any date subsequent to the date of this news release. The
Company assumes no obligation to update or revise these forward-looking
statements to reflect new information, events, circumstances or otherwise,
except as required by applicable law.

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