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Re: News Releases - Tuesday, February 27, 2007
Tonogold Resources, Inc. Announces the Red Gold Project, Nye
County, Nevada
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LA JOLLA, CA - Feb. 27, 2007 -- Tonogold Resources, Inc. (Pink Sheets:
TNGL) is pleased to announce the Red Gold Project in Nye County,
Nevada. The Red Gold project is part of the claim package leased from
Mountain Gold Exploration, Inc. and Caracol in December 2004 and
consists of 3 claims. Tonogold is developing individual exploration
plans for each distinct project in the North Tonopah claim package.

The Red Gold claims are located 6 miles north-northwest of central
Tonopah on the edge of a silicic dome. Preliminary data based on
sampling across a 70 foot wide zone indicates low grade mineralization.
Of eight total samples taken, all contain gold and give an average
grade of 1.4 g/t, with a high of 2.5 g/t. The sampling program was
conducted by Mountain Gold and Caracol and has not been independently
confirmed by Tonogold.

At Red Gold, a rhyolite-dome intrudes along a northwest oriented
structure and a mass of Mizpah Andesite. These silica domes are often
associated with mineralization. Intrusive breccia along the contact
contains fragments with quartz after calcite texture and might indicate
a silicified domain and possibly a higher grade zone at depth.

Tonogold Executive Geologist, Kevin Robinson commented: "The North
Tonopah area was the site of the last operating gold mine in Tonopah.
Mineralized structures indicate potential gold sources at depth yet the
area remains largely untested. New exploration ideas and deposit
models will help Tonogold Resources explore an area which has been
overlooked for many years."

The central Tonapah area (1.8 Moz Au, 180 Moz Ag) is located along a
major north-south crustal structure that aligns other deposits such as
Goldfield (5 Moz), Midway (+1 Moz), Manhattan (800 Koz), Round Mountain
(16 Moz), and Gold Hill (2 Moz). Tonogold Resources is committed to
developing and expanding its properties in the Tonopah District and
welcomes all inquires regarding joint ventures.

Additional information on the Tonogold Gold Project visit Tonogold's
website at www.tonogold.com/s/redgold.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.


Contact:
Phillip Winter
858-456-1273
ir@tonogold.com

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Copyright (c) 2007 TONOGOLD RESOURCES, INC. (TNGL) All rights
reserved. For more information visit our website at
http://www.tonogold.com/ or send mailto:ir@tonogold.com
Message sent on Tue Feb 27, 2007 at 11:55:40 AM Pacific Time
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