SOURCE: Tombstone Exploration

Tombstone Exploration

November 16, 2010 09:10 ET

Tombstone Exploration Corporation Confirms Two Porphyry Targets With ZTEM, Additional Targets Being Assessed

PHOENIX, AZ--(Marketwire - November 16, 2010) - Tombstone Exploration Corp. (OTCBB: TMBXF) announced today that the Company is continuing its work with the geophysical data on its Tombstone Project. The ZTEM data indicates there are at least two target zones on the Company's property; however, there is a very large land position to review. The information is outstanding and the Company continues to map the ZTEM results with past drilling and historical geological information of the District.

One target has been compared by Tombstone's geophysical contractor to the Mount Milligan deposit that was recently sold, has a total measured and indicated resources of 417.1 Mt grading 0.21% copper, 0.41g/t gold for 1,934 million lbs copper and 5.5 million oz gold. The Mount Milligan Mine is expected to be a large scale open pit mine with mining production of 60,000 tons per day. This target also has precious metal occurrences on a "halo" around the property, which is a significant characteristic of porphyry systems.

Another target zone has a similar geophysical signature and is adjacent to a porphyry system that is currently being drilled by a major international mining company. Additional possible targets are still being assessed and a specialized consultant may be contracted to give further guidance.

Alan Brown, CEO of Tombstone, commented that on Sunday, November 14th, The Arizona Republic published an article on Arizona's mining future, stating, 'Industry experts said it was likely that significant undiscovered copper deposits hide underground in Arizona, and companies should be encouraged to keep up exploration efforts in the State.'

Tombstone Exploration Corporation (OTCBB: TMBXF) is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District. Tombstone 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 STATEMENTS

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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