TintinaGold Resources Inc.

TintinaGold Resources Inc.

February 22, 2011 09:02 ET

TintinaGold Mobilizes Two Additional Diamond-Drill Rigs to Its Sheep Creek Copper-Cobalt-Silver Property in Montana, USA

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2011) - TintinaGold Resources Inc. ("TintinaGold" or the "Company") (TSX VENTURE:TAU) is pleased to announce that it has mobilized two additional diamond drill rigs to its Sheep Creek Copper-Cobalt-Silver project in Montana, USA.

The two additional drill rigs will expedite the current winter in-fill drill campaign for the Upper Copper Zone. The addition of these rigs will allow the company, by year-end, to advance the status of the resource from Inferred to Measured and Indicated in the Upper Copper Zone and establish a resource in the Lower Copper Zone.

"Now that the Company is well financed (Company will raise 35.75 Million Dollars - see Press Release dated February 10, 2011) we will focus on in-fill drilling the Upper Copper Zone of the Strawberry Butte target and completing a Preliminary Economic Assessment to evaluate developing this high quality ore body. In addition, we will also expand on exploration drilling on the Lower Copper Zone of the Strawberry Butte Target and the Strawberry East target area, where we will offset thick zones of mineralization identified in the Middle Zone (2.56% Cu over 46.6 meters - see Press Release January 12, 2011)" said Rick Van Nieuwenhuyse, Chairman of the Board of Directors.

Qualified Person

Jerry Zieg, Vice President of Exploration for the Company is a Qualified Person for the purposes of National Instrument 43-101 and has reviewed and approved the information of a scientific nature contained in this news release.

About Sheep Creek

The Sheep Creek deposit is located about 27 km north of White Sulphur Springs along a well maintained gravel road and within two miles of U.S. Highway 89. The Sheep Creek property consists of approximately 5,775 acres of fee simple lands and mining claims in central Montana. The property contains sediment hosted zones of massive sulfide mineralization originally explored by Cominco American Inc. and BHP during the 1980's and early 1990's. The drilling undertaken by Cominco American Inc. and BHP had encountered significant zones of strata-bound copper sulfide with cobalt in multiple bedded pyrite zones in the lower part of the Precambrian Belt Supergroup; this same stratigraphic unit hosts the Sullivan zinc-lead-silver deposit. The company in a short time has been able to complete an Inferred Resource on the Upper Copper Zone.

About TintinaGold

TintinaGold is a growth company focused on the exploration and development of precious and base metal properties around the world. The Company's experienced management team has assembled an impressive portfolio of gold and base metal projects in North America, including the advanced Sheep Creek copper-cobalt-silver property in Montana. The company's Alaska projects include the Colorado Creek gold project, located in interior Alaska approximately 125miles northeast of the 40 million ounce Donlin Creek project, the Kugruk copper project located 70 miles north of Nome in the northern Seward Peninsula, Alaska. The Company, in a short period of time, has successfully established itself in several of the most prolific mineral belts in North America.

The Company, as announced in the News Release dated September 22, 2010, is proceeding with the spin-out of its Colorado Creek mineral exploration property located in Alaska, U.S.A., to a new company under a statutory plan of arrangement (the "Arrangement") in order to pursue the creation of a company focused on precious metals.

Under the proposed terms of the Arrangement, the shareholders of TintinaGold will retain their common shares in TintinaGold and will be entitled to receive one common share of the new company for every share of TintinaGold held on the record date for the Arrangement. The completion of the Arrangement will be subject, among other things, to TSX Venture Exchange, court and shareholder approval.

Further details regarding the Arrangement are set out in an Information Circular that has been mailed to the shareholders (available on SEDAR) in advance of the annual and special shareholders meeting that is to be held on March 15, 2011 to seek approval for the Arrangement and routine annual business.

Website: www.tintinagold.com.


Raj Chowdhry, C.A., President & CEO 

Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release, including statements regarding the Company's plans for and intentions with respect to exploration of the Company's Sheep Creek property, constitutes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company is able to obtain any government or other regulatory approvals and any financing required to complete the Company's planned exploration activities, that the Company is able to procure equipment and supplies in sufficient quantities and on a timely basis, that the Company's exploration activities on the Sheep Creek property will not be affected by actions of environmental activists or other special interest groups, and that actual results of exploration activities are consistent with management's expectations. However, the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors relating to TintinaGold's operation as a mineral exploration company and the Sheep Creek property that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks include, among others, actual results of the Company's exploration activities being different than those expected by management, uncertainties involved in the interpretation of drilling results and geological tests, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, interference with TintinaGold's exploration activities by environmental activists or other special interest groups, inability to procure equipment and supplies in sufficient quantities and on a timely basis, equipment breakdowns and bad weather. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. TintinaGold does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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