Tsodilo Resources Limited

Published : May 06th, 2008

Commencement Of Drilling Operations

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Keywords :   Botswana | Diamond |
======================================================================
Exploration Program Update - Commencement Of Drilling Operations
======================================================================

TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo" or the
"Company") (TSX Venture Exchange: TSD) is pleased to announce that the
drill investigation of priority 1 and 2 magnetic anomalies in the
Newdico (Pty) Limited ("Newdico") and Gcwihaba Resources (Pty) Limited
("Gcwihaba") license blocks in northwest Botswana is set to commence.
The Company's Atlas Copco CT14 Diamond drill rig was moved to site over
the weekend and drilling will begin shortly.

Since the grant of licenses in February to the Company's Gcwihaba
subsidiary (see Press Release February 26, 2008), the Company's
geophysical crew has been conducting detailed magnetic surveys over
Gcwihaba license PL50/2008 and Newdico license PL67/2005. The initial
survey grid covers an area of approximately 1,300 square kilometers and
the grid lines are a tight line spacing of 100 meters and data is
collected at 10 meter station intervals to better define and interpret
the area. The ground surveys have picked up numerous targets that were
not apparent on the aero-magnetic survey that was flown at a height of
80 meters and 250 meter line spacing in the late 1990's. Several of
these new targets are co-incident to kimberlite indicator mineral
("KIM") recoveries but could not be attributed to any target anomaly as
the previous data was too coarse to make an association.

The ground geophysical magnetic survey is conducted using the Company's
portable cesium magnetometer, Model G-859 Mineral Mag, manufactured by
Geometrics. An additional magnetometer has been order and will be on
site in mid-May. According to James M. Bruchs, President and CEO, "The
data that we are getting in these areas is opening up these blocks that
were previously viewed as not prospective as the KIM's which were
recovered in regional soil sampling programs in these areas could not
be attributed to target anomalies, however, we now believe that they
can. To conduct such large ground geophysical surveys is difficult and
time consuming but with the second magnetometer we will be able to do
40 to 50 line kilometers per day and stay ahead of our drill crew".
Initial diagrams of the magnetic survey can be seen on the Company's
website at: http://www.tsodiloresources.com/s/Imagery.asp and then
scroll down to Gcwihaba Resources (Pty) Limited - Diamond PL050 / 2008.
In addition to the detailed ground magnetic survey that the Company
is performing, data from Geotech's time-domain electromagnetic system
(VTEM) survey which covers much of these two license blocks will be made
available to the Company in a short period. "We are very encouraged about
what we have seen so far. These Newdico and Gcwihaba license blocks will
be gone over with the finest equipment there is, hopefully adding to the
significant number of highly promising targets we have already identified",
comments Mr. Bruchs.

Tsodilo Resources Limited is an international Diamond exploration
company engaged in the search for economic kimberlites at its Newdico
(Pty) Limited ("Newdico') and Gcwihaba Resources (Pty) Limited
("Gcwihaba") projects in northwest Botswana. The Republic of Botswana
is the leading producer of diamonds, by value, in the world and the
world's second-largest producer by volume. Its mines are amongst the
most profitable in the world and they are a member of the Kimberley
Process Certification Scheme (KPCS) which imposes extensive
requirements on its members to enable them to certify shipments of
rough diamonds as 'conflict-free'. The country is democratically
ruled, boasting a growing economy and a stable political environment.

The Company has an 93% stake in Newdico (16,800 square kilometers under
Diamond license) while Trans Hex Group, a South African Diamond mining
and marketing company, holds the remaining 7%. The southern and
northern Gcwihaba project area (7,500 square kilometers under Diamond
license and 3,800 square kilometers under base and precious metals
licenses) is 100% held by the Company. Tsodilo manages the exploration
of both the Newdico and Gcwihaba license areas. Overall project
supervision of the Company's exploration program is the responsibility
of Macdonald Kahari, Pr. Sci. Nat., B.Sc. (Physics and Geology), M.Sc.
(Exploration Geophysics), a qualified professional registered with the
South African Council for Natural Scientific Professions and a
Qualified Person under NI 43-101 and he has reviewed and approved the
contents of this release. The Company has offices in Toronto, Canada
and Gaborone and Maun, Botswana. Please visit the Company's website,
www.TsodiloResources.com, for additional information and background on
our projects.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release. This
news release may contain assumptions, estimates, and other
forward-looking statements regarding future events. Such
forward-looking statements involve inherent risks and uncertainties and
are subject to factors, many of which are beyond the Company's control,
which may cause actual results or performance to differ materially from
those currently anticipated in such statements.

FOR FURTHER INFORMATION PLEASE CONTACT:
James M. Bruchs - President and Chief Executive Officer
E-Mail - JBruchs@TsodiloResources.com
Head Office - Telephone +1 416 572 2033 Facsimile + 1 416 987 4369

======================================================================
Copyright (c) 2008 TSODILO RESOURCES LTD. (TSX-TSD) All rights
reserved. For more information visit our website at
http://www.tsodiloresources.com/ or send
mailto:info@tsodiloresources.com
======================================================================
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Tsodilo Resources Limited

CODE : TSD.V
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Tsodilo Resources is a exploration company based in Canada.

Tsodilo Resources holds various exploration projects in Botswana, in Brazil and in Central African Republic.

Its main exploration properties are BAMINGUI REGION (BOUNGOU RIVER) in Central African Republic, BARRA GRANDE / RIO GRANDE in Brazil and NGAMILAND in Botswana.

Tsodilo Resources is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 11.9 millions as of today (US$ 8.7 millions, € 8.1 millions).

Its stock quote reached its highest recent level on December 31, 2004 at CA$ 2.95, and its lowest recent point on April 06, 2020 at CA$ 0.05.

Tsodilo Resources has 41 770 000 shares outstanding.

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