SOURCE: Tombstone Exploration

Tombstone Exploration

November 23, 2010 08:10 ET

Tombstone Exploration Corporation Confirms Additional Porphyry Targets With Gold-Silver Halos

PHOENIX, AZ--(Marketwire - November 23, 2010) - Tombstone Exploration Corp. (OTCBB: TMBXF) announced today that it has received the completed 2D ZTEM Report for the Tombstone Project from their geophysical contractor, Geotech Ltd. TMBXF is continuing to work with the geophysical data on its Tombstone Project. The ZTEM data indicates there are at least four to five porphyry targets on the Company's property, and there is still a very large land position to review.

Of the targets that have been identified so far, two have precious metal (Gold and Silver) occurrences as "halos" around the properties, which are significant characteristics of porphyry systems. One identified structure has been compared by Geotech Ltd., the world leader in airborne geophysical surveying techniques, to the Mount Milligan deposits that were recently sold and have total measured and indicated resources of 417.1 million tons grading 0.21% copper, 0.41 g/t gold for 1,934 million pounds copper and 5.5 million ounces gold.

Three of the identified targets have coincident magnetic and resistivity high which are very promising geophysical signatures. One target is adjacent to a porphyry system that is currently being drilled by a major international mining company. Mining companies continue to stake available land in the Tombstone Mining District.

Alan Brown, CEO of TMBXF, commented, "This ZTEM report is a significant milestone for the Company as it clearly outlines several large structures. We are impressed with the number and size of the structures and the possibility to host very large gold, silver and copper deposits."

TMBXF continues aggressively to seek joint venture partner(s) to drill these geophysically defined porphyry anomalies. TMBXF is also discussing with industry professionals the strategic direction of the Company.

Tombstone Exploration Corporation (TMBXF) is focused primarily on exploration and development of mineral resources. TMBXF has the mineral rights to historical mining land in the areas around Tombstone, Arizona, and is the largest landholder in the Tombstone Mining District. TMBXF also has the mineral rights to 1000 acres in Mineral County, Nevada, known as the Eagleville property. For more information on the Company, please visit www.tombstonemining.com.

FORWARD-LOOKING STATEMENT
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation's most recent public filings with the U.S. Securities and Exchange Commission.

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