SOURCE: Tonogold Resources, Inc.

April 23, 2008 09:20 ET

Tonogold Resources Announces Exploration Update for Tonopah Divide

LA JOLLA, CA--(Marketwire - April 23, 2008) - Tonogold Resources, Inc. (PINKSHEETS: TNGL) announces an exploration update for the Tonopah Divide Gold Project located five miles south of the town of Tonopah, Esmeralda County, Nevada.

On March 19, 2008, Tonogold announced an Exploration and Option Agreement for the Tonopah Divide Project with Centerra (U.S.), Inc., a subsidiary of Centerra Gold, Inc. whereby Centerra may earn a 60% interest in the Project for expenditures totaling $2.7 million over a five year period. Centerra is to provide quarterly progress reports to Tonogold about the ongoing Tonopah Divide exploration program.

Tonogold has received Centerra's report for the quarter ending March 31, 2008. Key points of interest are as follows:

1) Data compilation. Centerra received historical exploration data from Tonopah Divide Mining Company and is evaluating and compiling the data. Selected geological and geophysical data are being entered in digital format for inclusion in a GIS program.

2) Geophysics. A detailed, low-elevation, aeromagnetic survey is in progress and was 75% complete at the end of the quarter.

3) Geochemical sampling and geologic mapping. A total of 127 surface samples from outcrops exhibiting alteration, structural zones and historic mine dumps were collected as the initial part of an ongoing program to confirm the gold tenor and geologic framework of the property.

Gold assay results confirm the property's potential: 93 samples (73%) were anomalous (greater than 0.1 ppm gold), 33 samples (26%) were moderately anomalous (greater than 1.0 ppm gold), and 13 samples (10%) were highly anomalous (greater than 3.0 ppm gold).

Silver assay results were also anomalous: 37 samples (29%) were greater than 10 ppm silver and 15 samples were greater than 50 ppm silver (1.5 oz/ton Ag).

The highest assay results, obtained from samples from historic mine dumps, reached 84 ppm gold and 581 ppm silver.

Jeff Janda, Tonogold's President, commented: "Centerra has made rapid progress in the first quarter and is developing the understanding of the property necessary for a successful exploration program."

Tonogold Resources, Inc. is a minerals exploration company based in La Jolla, California with properties in Alaska and Nevada. The company also has a project office in Carson City, Nevada. For more information on the Company visit their website www.tonogold.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

This press release contains certain forward-looking information about Tonogold Resources, Inc. ("Tonogold") which is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)," "feel(s)," "believe(s)," "will," "may," "anticipate(s)," and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of Tonogold Resources, Inc., that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include: our lack of operating revenue and earnings history, our need for additional capital to pursue our business strategy, the grade and quantity of minerals in our projects may not be economic, we do not have fee title to our properties, but derive our rights through leases and the Mining Law, we are a non-reporting company and as such do not make periodic filings with the Securities and Exchange Commission, we trade on the Pink Sheets and there can be no assurances that a liquid market will develop in our securities, mining is subject to extensive environmental regulations and can create substantial environmental liabilities, gold and silver are commodities which have substantial price fluctuations, a drop in gold and/or silver prices could adversely affect future profitability and/or capital raising efforts, and mining can be dangerous and present operational hazards for employees and contractors. Readers are cautioned not to place undue reliance on these forward-looking statements. Tonogold does not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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