SOURCE: Tonogold Resources, Inc.

September 12, 2006 09:25 ET

Tonogold Resources, Inc. Acquires Key Patented Mining Claim With Highest Potential at Tonopah Divide

LA JOLLA, CA -- (MARKET WIRE) -- September 12, 2006 -- Tonogold Resources Inc. (PINKSHEETS: TNGL) added the Amazon patented mining claim to their holdings in the Tonopah Divide District. The Amazon claim was acquired at the Esmeralda County, Nevada tax auction for an undisclosed cash price. Located five miles south of Tonopah, Nevada, the Amazon patented claim covers the foremost drill target recommended by consulting geologist Pete Dilles after his comprehensive review of Tonogold's contiguous 34 patented lode claims and 124 unpatented lode claims covering the center of the Tonopah Divide Gold District.

Tonogold Resources has the dominant and central land position in the Tonopah Divide district and continues to pursue adjacent acquisitions.

In May 2006, Mr. Dilles identified the Amazon Patent as "critical land" between Gold Mountain and Hasbrouck Mountain in the Tonopah Divide District. Dilles described the results of three, shallow, 1997 rotary holes drilled on the Amazon Patent, when the gold price was $280 per ounce, as "up to 49 meters of low grade gold mineralization." All three of the gold-bearing drill holes had the upper portions of a down-dropped, tectonically preserved graben where pervasive supergene oxidation extended as deep as 107 meters below the surface. Assay methods applied to the 1997 samples may have not included metallic screening to counteract the expected "nugget effect" in the oxidized Amazon gold mineralization.

The geology of Tonogold Resource's Amazon gold target is essentially identical to the adjacent Hasbrouck Mountain upthrown block, except the Amazon zone of mineralization, oxidation, and fracturing may be thicker, more extensive, more intense, and more preserved from erosion. In 2003, the Hasbrouck Mountain resource, at a cutoff of 0.02 opt gold, was estimated at 360,000 oz. of gold and 4,255,000 oz. of silver, mostly based on data from drill programs and sampling methods from the 1980s. Tonogold Resources intends their 2006-2007 drilling to use up-to-date metallic screening methods to offset the "nugget effect" and gain the best estimate of the oxidized gold mineralization beneath the Amazon and adjacent patents.

Donald G. Strachan, Tonogold's Vice President of Exploration, stated: "The old-timers were pretty intuitive. They staked the Amazon Patent over what we now recognize as a buried east-west structural corridor -- vertical, planar, gold-concentrating conduits connecting Gold Hill and Hasbrouck Mountain. The Amazon structural depression may be a hydrothermal collapse feature at the geographic and geologic center of Divide's gold system, made evident by the down-dropped block of Siebert Formation and later Quaternary colluvium. This central block was first mapped by Bonham and Garside (1979) and alluded to in the 1991 Buffa and Coyner field trip volume."

Mr. Strachan continued, "Tonogold now regards Gold Hill and Hasbrouck Mountain as peripheral geologic indicators of the potentially large, gold-mineralized Amazon drill target."

Tonogold Resources, Inc. is a minerals exploration company based in La Jolla, California with gold and silver properties in Alaska and Nevada. Tonogold is the parent company of Prospect Uranium, Inc. For more information on the Company visit their websites at www.tonogold.com and www.prospecturanium.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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