SOURCE: Tonogold Resources, Inc.

March 07, 2006 13:29 ET

Tonogold Resources, Inc. Hires Stevens Exploration for Alaskan Operations Management

LA JOLLA, CA -- (MARKET WIRE) -- March 7, 2006 -- Tonogold Resources, Inc. (OTC: TNGL) has entered into a consulting agreement with Stevens Exploration Management Corp. to provide the services of Dr. Donald Stevens for project management and geological consulting on the Nyac, Alaska Gold Project.

Dr. Stevens received a B.S. degree in Geology in 1967, a B.S. degree in Chemistry in 1968, and a Ph.D. degree in Geology in 1971, all from the University of Alaska Fairbanks. From late 1970 through 1977, he was District Geologist for Alaska with Cities Service Minerals Corporation. In February 1978, he formed Stevens Exploration Management Corp. for the purpose of providing consulting economic geology and exploration contracting services. Dr. Stevens is a Certified Professional Geologist (7573), a member of the Society of Economic Geologists, the Association of Applied Geochemists, the Society for Mining, Metallurgy, and Exploration, Inc., and the Alaska Miners Association.

Past clients include Dome Mines (US) Ltd., Denali Mining Company, Ashton Mining Ltd., Teck Cominco, numerous Alaska native corporations, US Department of Justice, Alaska Division of Geological and Geophysical Surveys, US Bureau of Land Management, and many mining companies and individuals.

Jeff Janda, President of Tonogold Resources, commented: "Don Stevens is an icon in the Alaskan exploration community and has extensive experience managing exploration programs. We believe his Alaskan experience and geological insights will maximize the opportunity for a successful exploration season in 2006."

Tonogold Resources, Inc. is a minerals exploration company headquartered in La Jolla, California with gold and silver properties in Alaska and Nevada. Tonogold Resources 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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