Tri-Gold Resources Corp.
TSX VENTURE : TAL

Tri-Gold Resources Corp.

January 31, 2007 20:07 ET

Tri-Gold Resources Corp.: Uranium Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 31, 2007) - Tri-Gold Resources Corp. (the "Company") (TSX VENTURE:TAL) is pleased to announce that Fugro Airborne Survey has completed a 1548 line-kilometer survey over the Tri-Gold Resources / Benton Resources joint venture claim block in the Nipigon Basin of Northern Ontario, located between Nipigon Lake and Lake Superior.

The Electro Magnetic and Magnetic surveys are designed to identify graphitic conductors beneath the Nipigon sandstone formation, which is associated with graphite faults that may control unconformity type uranium mineralization, similar to the Athabasca Basin, home to the largest high grade uranium deposits in the world.

The Nipigon Basin, sometimes referred to as the Sibley Basin, is a Mesoproterozoic (1.6 to 0.9 Ga) continental sedimentary basin that shows many similarities to the uranium-rich Athabasca Basin in northern Saskatchewan. Although these similarities have been recognized since the 1970s, there has been limited previous exploration for uranium. although recently over 7,000 claims have been staked. Overall, the Sibley Group sediments in the Nipigon Basin constitute the least explored of all the Helikian-age sedimentary formation, in Canada, although recently over 7,000 claims have been staked in the area.

The southern part of the Nipigon Basin between Lake Nipigon and Lake Superior has been determined to be most favourable for uranium exploration. In this area, Sibley Group sediments overlie "uranium rich" metasediments and granitic intrusives of the Quetico subprovince. At the northern margin of the Quetico rocks, the basement rocks change to metavolcanics and metasediments of the Wabigoon subprovince, containing abundant graphitic units, sulphide zones and iron formations, all of which represent potential chemical traps for uranium.

The southern part of the Nipigon Basin where the Company's claim group is located is very accessible, with an extensive network of logging roads, allowing overland access for exploration purposes. Recent government airborne radiometric and magnetic surveys and high-density lake sediment surveys have provided an excellent database to guide the Company in project selection and subsequent exploration.

Upon receipt of the new survey data and interpretation by the Company's geophysicist, a follow-up diamond drill program will commence on the most prospective sites as indicated by the survey.

On behalf of the board of Directors of Tri-Gold Resources Corp.

T. Barry Coughlan, Executive Chairman

Certain matters discussed in this press release may contain forward-looking statements. Investors are cautioned that all statements, other than statement of historical fact, involve risks and uncertainties, including but not limited to: exploration and mining risks and financing risks. There can be no assurance that such statement will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Investors are encouraged to review Tri-Gold's filings on SEDAR at www.sedar.com.

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

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