A NORTHAIR GROUP COMPANY

SUITE 860 - 625 HOWE STREET ? VANCOUVER, BC  ? V6C 2T6  CANADA ? TEL: 604-687-7545  FAX: 604-689-5041

PRESS RELEASE

FOR IMMEDIATE RELEASE

July 30, 2008                                                                                                                           #08-18           

Tenajon Announces Additional High Grade Drill Results from Moly Brook, Newfoundland

Results Include 131.09 Metres Averaging 0.094% Molybdenum

Tenajon Resources Corp (TSX-V:TJS) (the "Company" or "Tenajon") today announced that it has received the results for four additional Diamond drill holes from its Moly Brook Molybdenum Property, located on the south coast of Newfoundland.

All holes intersected significant molybdenum mineralization including 91.44 metres of 0.085% Mo in Hole MB-08-20; 60.96 metres of 0.072% Mo in Hole MB-08-23; 131.09 metres of 0.094% Mo in Hole MB-08-25 and a 60.96 m intercept averaging 0.043% in Hole MB-08-21.

The holes are part of an initial 6,100 metre Phase 1 drill program designed to test the along strike and dip extensions of the molybdenum mineralization outside of the central core of molybdenum mineralization previously identified.  Due to the favorable results in the Phase 1 drill program, the Company commenced a 3,050 metre Phase 2 drill program which is currently in its final stages.

Holes MB-08-21 and MB-08-23 were drilled from the same site located in the northwestern portion of the deposit.  Hole MB-08-21 was drilled to define the western limits of the zone.  The hole intersected a series of mineralized sections including a 60.96 metre intercept averaging 0.043% molybdenum.  Hole MB-08-23 was drilled off-section in a north western direction to better define the western limits of the zone and to test a secondary molybdenum in soil sample anomaly. The hole intersected a 152.42 metre section averaging 0.056% molybdenum in which there is a 54.86 metre section averaging 0.072% molybdenum.  Hole MB-08-25 was drilled to test the zone approximately 80-100 metres up dip from Hole MB-08-13 (222.50 metres averaging 0.076% molybdenum).  The hole intersected a 234 metre intercept averaging 0.066% molybdenum including a 131.09 metre section averaging 0.094% molybdenum.  This higher grade section is located 100 metres up dip from a section in Hole MB-08-13 averaging 0.082% molybdenum over 109.58 metres.

Hole MB-08-20 is located 80 metres south of Hole MB-08-14 (262 metres averaging 0.069% molybdenum including a 137 metre section averaging 0.092% molybdenum).  The hole was located to test the along strike continuity of the above intercept and to test approximately 120 metres down dip the continuity of the mineralization in Hole FC-96-06 previously drilled by Royal Oak Gold Mines (68 metres @ 0.052% molybdenum).  The hole intercepted widespread molybdenum mineralization.  Results include a 252.99 metre section averaging 0.060% molybdenum.  Within the intercept there are higher grade intercepts including a 91.44 metre section averaging 0.085% molybdenum.  The bottom of the intercept is located 350 metres below surface and is open.

"Results from this year?s program at Moly Brook continue to increase the footprint of this near surface deposit," said Bruce McLeod, President & CEO of Tenajon. Mr. McLeod adds, "it is imminent that a surface trenching program will commence in order to demonstrate that this deposit will have a very low strip ratio and an excellent opportunity to increase near surface resources."

Complete results for Holes MB-08-20, 21, 23 and 25 are tabulated at the end of this press release.

For current drill hole locations along with detailed cross sections please view the accompanying maps:

http://www.tenajon.com/i/maps/MolyBrook/2008-07-30DHLocationMap.jpg

http://www.tenajon.com/i/maps/MolyBrook/2008-07-30SectionB.jpg

http://www.tenajon.com/i/maps/MolyBrook/2008-07-30SectionD.jpg

The Moly Brook Property is located 2.5 km from the hamlet of Grey River on the south coast of Newfoundland, less than 4 km from a deep water, ice free, navigable fjord. The community is serviced daily by provincial ferries. For the duration of the program the crew is operating out of a recently established 25 person camp, centrally located on the property.

The Moly Brook Zone is located at the north end of a 2.5 km long trend of sheeted quartz veining, stockwork and fracturing in which molybdenum occurs. At the Moly Brook Zone drilling has intersected molybdenum within sheeted quartz veins, in quartz vein stockwork and along fracture faces. Drilling has traced the zone along strike for 750 metres depths to over 350 metres below surface. The zone is open to the north and south. Assuming a general sub vertical orientation to the zone the width is variable to 500 metres.

The drill program at Moly Brook is being completed by Geoscott Consultants under the supervision of Dave Visagie, P. Geo., a Qualified Person as defined by NI 43-101.

At Moly Brook, drill core is sawn into halves with on half being sent for analysis and the other kept for future reference. All samples are prepared at Accurassay Labs' prep facility in Gambo, Newfoundland using a 600 gram split with the resultant pulp being analyzed at Accurassay Labs, Thunder Bay, Ontario using a 4 acid digestion with analysis by Induced Couple Polarization (ICP).. A stringent program of check, blank and duplicate sampling is employed.

On Behalf of the Board of Directors

TENAJON RESOURCES CORP.

Per:  D. Bruce McLeod

D. Bruce McLeod, President

Investor Contacts:

Bruce McLeod 604-687-7545 or Chris Curran 604-687-7545

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements.  Forward-looking statements are often, but not always, identified by the use of words such as ?seek?, ?anticipate?, ?believe?, ?plan?, ?estimate?, ?expect? and ?intend? and statements that an event or result ?may?, ?will?, ?should?, ?could? or ?might? occur or be achieved and other similar expressions.  Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements.  Forward-looking statements are based on estimates and opinions of management at the date the statements are made.  The Company does not undertake any obligation to update forward-looking statements even if circumstances or management?s estimates or opinions should change.  Investors should not place undue reliance on forward-looking statements.

Table of Results for Moly Brook Property Holes MB-08-20, 21, 23 and MB-08-25