SOURCE: Tonogold Resources, Inc.

March 22, 2007 13:06 ET

Tonogold Resources, Inc. Releases Drill Intercepts Indicating Thick, Oxidized, Anomalous Gold at Tonopah Divide

LA JOLLA, CA -- (MARKET WIRE) -- March 22, 2007 --Tonogold Resources, Inc. (PINKSHEETS: TNGL) is pleased to announce the release of historic drill data indicating thick, oxidized, anomalous gold at the Tonopah Divide Gold Project in Esmeralda County, Nevada.

Thick gold-bearing drill intercepts of mineralized volcanics have recently been uncovered in data from Tonogold's Divide project. Drilled and released by Phelps Dodge Corporation (PD) in 1997 when gold prices were in a downturn, data from three drill holes on Tonogold's property have been resurrected. The three angle holes were drilled at wide spacings within the Amazon patent claim, a property recently added to Tonogold's holdings in the Divide District near Tonopah, Nevada. Anomalous gold is continuous in the oxidized drill intercepts up to 160 feet long (see tables below).

Tonogold's concept for the Divide project is to outline a stand-alone heap-leachable resource on their currently held properties, while continuing to acquire adjacent mineral rights. A successful Tonopah Divide project could develop bulk-tonnage oxide potential of up to two million ounces from low-grade, heap-leachable, disseminated gold mineralization. Higher grades are expected at depth on the east-west Kernick-Gold Zone fault and two intersecting northwesterly faults, structural "feeders" related to Divide's shallow oxide gold mineralization.

Tonogold plans to run a tight, detailed geophysical grid over the Divide District in mid-2007 followed by drilling to increase grades and expand the known mineralized volumes, beginning with the Amazon area and the major structural zones.

Jeff Janda, President of Tonogold Resources, Inc., stated, "These drill intercepts add credence to the one to two million ounces of gold exploration potential outlined in the report by Pete Dilles last year."

For additional information on the Tonopah Divide Gold Project visit Tonogold's website at or contact the corporate office to request information.

                          Table 1

            Azim/    Total    From-               Grade
Hole ID    Inclin    Depth     To     Thickness   (opt)
--------  -------- --------  -------- ---------- --------
PRD-96-1   025/-50     380'    25-185       160'  .006 Au
                                incl.              .13 Ag
                             -------- ---------- --------
                              150-185        35'  .011 Au
                                                   .10 Ag
                             -------- ---------- --------
                              205-210         5'  .015 Au
                                                   .09 Ag
                             -------- ---------- --------
                              305-310         5'  .004 Au
                                                   .80 Ag
--------  -------- --------  -------- ---------- --------
PRD-96-2    035/-45     700'  195-200         5'  .052 Au
                                                   .14 Ag
                             -------- ---------- --------
                              200-225        25'  .003 Au
                                                   .06 Ag
                             -------- ---------- --------
                              330-445       125'  .006 Au
                                incl.              .19 Ag
                             -------- ---------- --------
                              345-355        10'   .01 Au
                                                   .11 Ag
                             -------- ---------- --------
                              395-410        15'  .021 Au
                                                    .1 Ag
                             -------- ---------- --------
                              440-445         5'   .01 Au
                                                  1.03 Ag
                             -------- ---------- --------
                              520-530        10'  .007 Au
                                                   1.8 Ag
                             -------- ---------- --------
                              635-650        15'   .01 Au
                                                    .4 Ag
--------   -------- -------- -------- ---------- --------
PRD-96-3   Vertical     400'    20-50        30'   .01 Au
                                                   .03 Ag
                             -------- ---------- --------
                              110-130        20'  .032 Au
                                                   .06 Ag
                             -------- ---------- --------
                              210-235        25'  .004 Au
                                                   .03 Ag
                             -------- ---------- --------
                              270-275         5'  .018 Au
                                                    .6 Ag
                             -------- ---------- --------
                              320-375        55'  .008 Au
                                incl.              .44 Ag
                             -------- ---------- --------
                              350-370        20'  .012 Au
                                                   .69 Ag
                             -------- ---------- --------
                              385-400        15'  .004 Au
                                                    .2 Ag
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

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.

Contact Information