SOURCE: Tonogold Resources, Inc.

February 07, 2007 12:32 ET

Tonogold Resources, Inc. Issues Report on the Exploration Potential of the Tonopah Divide Gold Project

LA JOLLA, CA -- (MARKET WIRE) -- February 7, 2007 -- Tonogold Resources, Inc. (PINKSHEETS: TNGL) has issued a report on the 2,327 acre Tonopah Divide Gold Project near Tonopah, Nevada. The report was prepared by Pete Dilles, MSc. Economic Geologist of Reno, Nevada in June 2006. Tonogold edited the report in February 2007 primarily to omit confidential land acquisition strategies for competitive purposes.

The report covers the history, land status, geologic setting, specific geology of the Divide property, and the resource and exploration potential. Claim maps and geological maps are included in the report.

Tonogold commissioned the report to survey and summarize the voluminous data gathered on the property over its 104-year history of exploration and production.

Jeff Janda, President of Tonogold Resources, Inc., commented: "The original report has been guiding our continuing land acquisition activities in the district since last summer. The Dilles estimate of the exploration potential is more reasonable than prior estimates such as Prudden (2000) which estimated 2.8 million ounces of gold and gold equivalent."

Some key excerpts from the report are as follows:

"A thorough exploration program over the consolidated Divide District could outline 1 to 2 M oz of Au and 10 to 50 M oz of Ag at open pit depths."

"The modern mineral potential of this property has not been consistently evaluated and has potential for one or more gold or gold-silver deposits. A few holes with thick zones of gold mineralized basal Siebert Tuff were drilled on the north side of Gold Mountain in the 1990s, indicating considerable disseminated gold potential."

"District consolidation efforts during the next 75 years were markedly unsuccessful, or at least until the present heirs of TDMC began their gradual claim and data accumulation program. The consolidated property and most historic and modern data for the subject properties are now controlled by Tonogold Resources, Inc., for mining exploration and development purposes."

The management of Tonogold cautions investors that estimates of exploration potential do not indicate a reserve or resource and any minerals found could be non-economic due to tonnage, grade, recoveries, or other issues (see Risk Factors below).

To view the entire Gold Exploration Potential Report visit Tonogold's website at www.tonogold.com/s/TonopahDivide.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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