SOURCE: Tonogold Resources, Inc.

February 27, 2007 09:15 ET

Tonogold Resources, Inc. Announces the Red Gold Project, Nye County, Nevada

LA JOLLA, CA -- (MARKET WIRE) -- February 27, 2007 -- Tonogold Resources, Inc. (PINKSHEETS: TNGL) is pleased to announce the Red Gold Project in Nye County, Nevada. The Red Gold project is part of the claim package leased from Mountain Gold Exploration, Inc. and Caracol in December 2004 and consists of 3 claims. Tonogold is developing individual exploration plans for each distinct project in the North Tonopah claim package.

The Red Gold claims are located 6 miles north-northwest of central Tonopah on the edge of a silicic dome. Preliminary data based on sampling across a 70-foot-wide zone indicates low grade mineralization. Of eight total samples taken, all contain gold and give an average grade of 1.4 g/t, with a high of 2.5 g/t. The sampling program was conducted by Mountain Gold and Caracol and has not been independently confirmed by Tonogold.

At Red Gold, a rhyolite-dome intrudes along a northwest oriented structure and a mass of Mizpah Andesite. These silica domes are often associated with mineralization. Intrusive breccia along the contact contains fragments with quartz after calcite texture and might indicate a silicified domain and possibly a higher grade zone at depth.

Tonogold Executive Geologist Kevin Robinson commented: "The North Tonopah area was the site of the last operating gold mine in Tonopah. Mineralized structures indicate potential gold sources at depth yet the area remains largely untested. New exploration ideas and deposit models will help Tonogold Resources explore an area which has been overlooked for many years."

The central Tonapah area (1.8 Moz Au, 180 Moz Ag) is located along a major north-south crustal structure that aligns other deposits such as Goldfield (5 Moz), Midway (+1 Moz), Manhattan (800 Koz), Round Mountain (16 Moz), and Gold Hill (2 Moz). Tonogold Resources is committed to developing and expanding its properties in the Tonopah District and welcomes all inquires regarding joint ventures.

Additional information on the Tonogold Gold Project: visit Tonogold's website at www.tonogold.com/s/redgold.asp, or contact the corporate office to request a copy.

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)," "goal" 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 right 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 operation 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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