Tenajon Resources Corp.
TSX VENTURE : TJS

Tenajon Resources Corp.

June 09, 2006 18:51 ET

Tenajon Closes $4 Million Private Placement; Crews Mobilized to Summit Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 9, 2006) - Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company") is pleased to announce the closing of a $4 million financing.

Tenajon has closed on 2,097,700 flow-through common shares at a price of $0.45 per flow-through common share and 7,631,500 units at a price of $0.40 per unit. Each unit is comprised of one common share and one warrant, with each warrant being exercisable to purchase one common share for $0.55 for two years, provided that if the closing price of the common shares trade higher than $0.80 over any 20 consecutive trading day period the Company may accelerate the expiry date of the warrants. The securities issued under the financing will have a hold period expiring Oct 9, 2006. Full details on the terms of the private placement are available from Tenajon's press release dated May 4, 2006.

Summit Lake Gold Property

Tenajon is also pleased to announce that crews have been mobilized to the Summit Lake Gold Property. Work is commencing on the underground drifting portion of the exploration program which will provide the platform for the step-out drilling of the L, M and N Zones. For full details on the program please see Tenajon's press release dated May 4, 2006.

Dave Visagie, P. Geo., who is a Qualified Person as defined by NI 43-101, will supervise the Summit Lake exploration program.

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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