Tenajon Resources Corp.
TSX VENTURE : TJS

Tenajon Resources Corp.

January 22, 2007 08:30 ET

Tenajon Resources Corp.: Surface Sampling and Drilling Program at Summit Lake Encounters High-Grade Gold

New Surface Zone Discovered - 1.02m grading 10.87 g/t gold and 3.57m grading 3.46 g/t gold

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 22, 2007) - Tenajon Resources Corp. (TSX VENTURE:TJS) today announced the results of the prospecting and surface drilling program completed at its Summit Lake Gold Property located 30 km north of Stewart, B.C. The property hosts the formerly producing Summit Lake Gold Mine. Prospecting over the Blueberry Grid, located 2 km north of the mine resulted in the discovery of a new gold zone, the Grizzly zone. This new zone contains anomalous to high grade gold values over a 350 metre strike length with the zone being open. Drill results include 1.02m grading 10.87 g/t gold and 3.57m grading 3.46 g/t gold.

The Blueberry Grid hosts two zones of mineralization, the previously known Blueberry zone and the Grizzly zone. At the Blueberry zone, anomalous gold values occur in pyrite/pyrrhotite quartz veins similar to those at the Summit Lake Gold Mine. The zone has been traced along strike for 70 metres with the width variable to 2.5 metres. Previous drilling showed gold values to be highly erratic with the best result being a 1.59 m true width intercept averaging 26.56 g/t Au. At the Grizzly zone anomalous gold values are associated with disseminated pyrrhotite, chlorite alteration and weak carbonate veining. Soil sampling has outlined a 350 metre long and open anomaly with several sites returning values greater than 250 ppb Au. Outcrop samples returned highly encouraging results with grab samples assaying up to 108 g/t Au, while chip sample results include 11.216 g/t Au over 2.5 m and 14.10 g/t Au over 1.2 m.

This Grizzly zone is interpreted to be a splay off the Blueberry zone and previous drilling which was thought to intersect the main Blueberry zone is now thought to be part of the Grizzly zone. The drill results include a 1.07 metre drill intercept averaging 10.7 g/t Au and a 4.97m intercept averaging 21.3 g/t Au (Hole 05-13, previously released).

In 2006, 5 holes totaling 376.51 metres were drilled on the Blueberry Grid. Four of the holes tested the Grizzly zone while the fifth tested the Blueberry. The results are summarized below.




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Hole From (m) To (m) Int (m) Au g/t Zone Comments
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06-1 18.55 19.00 0.45 1.54 Blueberry
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19.00 19.30 0.30 0.96 Blueberry
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49.40 50.33 0.93 0.51 Grizzly Drilled 20 m down-dip
from 05-13
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55.00 57.00 2.00 0.69 Grizzly
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06-2 7.64 8.70 1.06 0.051 Blueberry Massive Pyrrhotite
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06-3 20.55 21.57 1.02 10.87 Grizzly 30 m on strike
from 05-13
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or 18.00 21.57 3.57 3.46 Grizzly
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06-4 73.00 73.50 0.50 1.82 Grizzly 220 m on strike
from 05-13
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06-5 24.12 25.00 0.88 1.20 Grizzly 200 m on strike,
drilled under dip of
zone
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All of the holes completed in the Grizzly Zone intersected mineralization similar to that in Hole 05-13 with anomalous gold values occurring in all four holes. A high grade core has been traced for 30 metres that is open along strike and at depth. Additional drilling is required to determine the significance of the Grizzly Zone. The results of the surface drilling and sampling program discussed in this news release can be viewed at http://www.ccnmatthews.com/docs/tjs0122.jpg.

A surface prospecting and sampling program conducted over the summer has located several new gold bearing occurrences. Approximately six hundred metres to the northwest of the mine workings are a series of up to 0.5 metre wide sulphide bearing quartz veins. Limited sampling has returned positive results including a 0.5 metre chip sample assaying 14.7 g/t Au with 712 g/t Ag and a grab sample assaying 3.77 g/t Au with 125.20 g/t Ag. Approximately 600 metres to the southeast of the mine workings a quartz sulphide vein up to 3 metres wide has been traced for 30 metres. Chip sample results include 1.5 and 3 metre wide samples respectively assaying 10.12 and 6.55 g/t Au. Additional work is required to evaluate these vein systems.

Company personnel are compiling the data and a program for the 2007 season will be based on the results of this work.

Dave Visagie, P. Geo. Northair Group Exploration Manager is the Qualified Person as defined by NI 43-101 for the Summit Lake Project. At the Summit Lake Property the drill core is sawn is half by company personnel with one half being placed in the core box for future reference the other in sample bags, secured and delivered to EcoTech Labs' prep facility in Stewart, B.C. The samples are prepared in Stewart then shipped to its lab in Kamloops who prepare and assay the core using a 1 assay ton sample. A check sampling program using standards and blanks is utilized by the Company.

On Behalf of the Board of Directors

TENAJON RESOURCES CORP.

D. Bruce McLeod, President

This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See the Company's filings for a more detailed discussion of factors that may impact expected results.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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