Drilling Returns 30 Feet Of 0.118 oz/ton Gold Equivalent 

LA JOLLA, CA - Tonogold Resources, Inc. has received results from the first eight drill holes of the Summer 2010 reverse circulation drill program at the Tonopah Divide Gold Project located five miles south of the town of Tonopah, Nevada.

Centerra (U.S.), Inc., a subsidiary of Centerra Gold Inc. is managing the exploration program of the recently formed Mining Venture with Tonogold Resources, Inc. The best holes of the 2010 drill program thus far, TD-046 and TD-047, were drilled on the Combination target near the historical Combination mining shaft, and adjacent to the North Monte Cristo area. The best intercepts from the first eight holes are as follows, with all results in gold equivalent oz/ton (silver divided by 75 plus gold) and a minimum intercept of 10 feet at 0.009 oz/ton gold equivalent (0.3 gram/tonne) except where noted: TD10-045: 10 feet of 0.035 oz/ton at a depth of 15-25 feet; 60 feet of 0.014 oz/ton at a depth of 410-470 feet. TD10-046: 30 feet of 0.118 oz/ton at a depth of 320-350 feet, within a broad interval (using a cutoff grade of 0.003 oz/ton or 0.1 gram/tonne) of 120 feet of 0.033 oz/ton at a depth of 310-430 feet. TD10-047: 50 feet of 0.019 oz/ton at a depth of 210-260 feet; 80 feet of 0.047 oz/ton at a depth of 530-610 feet including 35 feet of 0.086 oz/ton at a depth of 560-595 feet. The program has been expanded from 20 holes to 25 holes for an estimated 23,000 feet of drilling. Donald G. Strachan, Tonogold's Vice President of Exploration commented: "Centerra has encountered good gold mineralization in several drill holes at Tonopah Divide, primarily in the Combination and adjacent North Monte Cristo areas, including TD10-046 and TD10-047, from 2008 to 2010, with scattered intercepts elsewhere on this large property. The Combination-North Monte Cristo mineralization remains open to the northwest and at depth." The company's address is 5666 La Jolla Blvd., #315, La Jolla, CA 92037, 858-456-1273, fax: 858-456-2540, email: [email protected].