Gold Discovery Reported In The Combination Fault Zone

LA JOLLA, CA - Tonogold Resources, Inc. confirms the last 18 drill holes of the 26-hole 2010 Tonopah Divide drill program have, in the opinion of Tonogold, resulted in a discovery of disseminated gold mineralization between several adjacent drill holes which may be amenable to mining by open pit. The drill program in Esmeralda County, Nevada, was managed by Centerra (U.S.), Inc., a subsidiary of Centerra Gold Inc., for the recently formed Mining Venture with Tonogold Resources, Inc.

The 2010 drill program at Tonopah Divide totaled 23,675 feet, including the last five holes which followed up positive results in the Combination area. Significant grades and thicknesses of mineralization were drilled over a strike length of 1,300 feet to depths of 400 feet at Combination, and appears to merge to the southeast into the previously drilled gold mineralization in the North Monte Cristo area. Donald G. Strachan, Tonogold's Vice President of Exploration commented: "Tonogold is of the opinion that a valid discovery exists in the Combination Fault Zone. While additional drilling is necessary in order to define a bulk minable, heap-leachable, resource and reserve, we are encouraged by the shallow higher grade material along strike and up-dip from previously-drilled, large, low grade intercepts at North Monte Cristo. Most of the higher grade material is in the Fraction Tuff and most of it is also in oxidized host rocks." The company's address is 5666 La Jolla Blvd., #315, La Jolla, CA 92037, 858-456-1273, fax: 858-456-2540, email: [email protected].