TLG Troilus Gold Corp (delisted)

VANCOUVER, Sept. 24 /CNW/ -- VANCOUVER, Sept. 24 /CNW/ - YS Mining Company Inc. ("YS Mining") announces today, that effective immediately, it has withdrawn its offer made on September 8, 2010, to purchase all of the outstanding shares and debt of Tagish Lake Gold Corp. ("Tagish Lake").  Accordingly, YS Mining will not be taking up any shares or debt tendered to its bid. YS Mining's decision to withdraw its bid was the result of several factors, including the recommendation of the Board of Directors of Tagish Lake to reject the YS Mining offer, notwithstanding that the cash consideration offered by YS Mining was 20% higher that the cash consideration offered by New Pacific Metals Corp. About YS Mining YS Mining is a non-reporting corporation organized under the laws of British Columbia.  Approximately 41% of the issued and outstanding shares of YS Mining are owned by Yukon-Nevada Gold Corp., a reporting issuer in the provinces of British Columbia, Alberta and Ontario, which trades on the Toronto Stock Exchange under the symbol "YNG".  Approximately 59% of the issued shares of YS Mining are owned by Northwest Nonferrous International Investment Company, of China.  Currently, YS Mining holds (a) 10.7% of the issued and outstanding Tagish Lake shares and (b) approximately $3.4 million of secured and unsecured Tagish Lake debt, making it Tagish Lake's largest shareholder and largest creditor. By Order of the Board of Directors YS Mining Company Inc. p align="justify"Graham Dickson, President & CEObr/(778) 689-1883/p

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