TONOGOLD RESOURCES, INC. (Pink Sheets: TNGL)

**BREAKING** News from Tonogold

Press Release Source: Tonogold Resources, Inc.
Monday May 01, 2006

Irvine, Calif., May 01, 2006 – “As gold crosses twenty-five year highs this morning at $664 per ounce, speculative investors watching smallcap gold companies are left to wonder what it means to these equities entrenched in this modern gold rush,'' stated SmallCap Sentinel analyst D.R. Clark. “Today’s gold heights appear to be driven by concerns about the weakening dollar and issues in Iran. Without forecasting gold’s ounce/price future, I am willing to say that it seems clear that the factors driving interest in gold today aren’t clearing soon.”

“Gold’s meteoric run has obviously been an unabashed boon to smaller gold-related companies like Tonogold Resources, Inc. (Pink Sheets: TNGL), which is up over 50% in the past month,” Clark added. “As we mentioned quite some time ago in SmallCap Sentinel, once the average investor joined the dedicated gold bugs, things can get very interesting.”

The informational report “Investing in Gold Stocks for the SmallCap Investor'' has been made available free of charge at www.SmallCapSentinel.com and will address the rise of interest in gold related equities such as Aurus Corporation (Pink Sheets: AURC), Azco Mining Inc. (Pinksheets: AZMN), Western Goldfields, Inc. (Pinksheets: WZDF) and others.  The report will also address and identify companies with operations and exploration in Alaska, a region suggested by some to be as rich as Nevada potentially.

A company profile on Tonogold is available at the following link: http://stockupticks.com/profiles/11-9-05.html

The Final Report on Tonogold’s Nyac property in Alaska can be downloaded at the company’s website here: http://www.tonogold.com/s/NewsReleases.asp

Click on this LINK to read the entire news release 

Source: Tonogold Resources, Inc.
 

About Tonogold

Tonogold Resources, Inc. ("TNGL") is a gold and silver exploration company with promising properties in Alaska and Nevada.  Tonogold Resources is also the parent company of Mesa Uranium, Inc.  Tonogold has an experienced, dedicated team of geologists, mining executives, and investment bankers that are building a portfolio of mineral properties including its Nyac Alaska Project, with approximately 57,600 acres.

Tonogold holds an Exploration and Mining Lease for Nyac with Calista Corporation, the second largest native corporation in Alaska, with land entitlements of more than 6.5 million acres.  The strategy at TNGL is three-fold:

• current exploration properties; 
• management experience; 
• the current structure of our industry favoring junior exploration companies; 
• the bull market in gold and silver; 
• future acquisition opportunities. 

Tonogold Projects

NYAC GOLD PROJECT  57,600 ACRES  NYAC DISTRICT ALASKA

The 57,600 acre Nyac Gold district sits in the prolific Tintina Gold Belt, along with well known gold deposits, such as, Donlin Creek (25 million ounces), Fort Knox (2.9 million ounces) and Pogo (3.2 million ounces). Our surface sampling program, conducted during the summer of 2005, indicated a massive mineralized area of over six square kilometers. To put this in perspective, Donlin Creek, the nearest significant gold deposit to Nyac has a resource of 25 million ounces on less than two square kilometers.  Tonogold's rock chip samples came in as high as 15.1 grams per ton, with soil samples to 4.21 grams per ton. 

Over 600,000 ounces of gold has been pulled out of the streams on the Nyac property. Tonogold geologists determined that the lode source that supplied this free gold was likely to be found in five target areas. The summer sampling program proved that there were at least six mineralized areas. The aggressive core drilling program, additional surface sampling, geophysical surveys and geologic mapping for the 2006 summer season is expected to provide further evidence as to the extent of the gold mineralization. Tonogold believes that it is highly possible that it will come out of the season with a significant resource number.

Calista Corporation has called Nyac, “The next Donlin Creek.”  Calista, the native Alaskan Corporation that owns the Nyac and Donlin Creek properties, has commissioned extensive work on Nyac in the past and strongly believes that Tonogold is the company to bring out the maximum value of the Nyac Gold District.

The Nyac Gold District has been receiving quite a bit of press recently and is one of the featured gold properties being presented to the Alaska Miners Association. This puts Tonogold Resources in the limelight with the geological community. It may not be long before the investment community catches up with this company.

To read an in-depth report of Tonogold Resources’ Final Report for the 2005 sampling on the Nyac Project in a printable PDF format, the link is HERE
 
 

NORTH SPRINGS GOLD PROJECT

Tonogold Resources acquired the North Springs Property, located in Esmeralda County, Nevada in August 2004. The North Springs Gold Project was the first acquisition by the Tonogold in Nevada and represents establishment of exploration activities in the important precious metal domain of Esmeralda and Nye Counties in Southern Nevada.

The North Springs Gold Project is approximately 2,300 acres in size. Tonogold management was most excited about North Springs’ proximity to an operating mill and heap leach operation. The county road accesses the mine and heap leach operations of Golden Phoenix Minerals approximately three miles east of the North Springs Gold Project. Tonopah, Nevada, the nearest major town, is approximately 65 road miles to the northeast of the properties. Tonogold is planning an aggressive exploration program to develop the North Springs Gold Project.

The geologic model under investigation assumes a low grade, lenticular, near-surface disseminated gold occurrence in quartz veins and vein stockworks. Assuming a reasonable gold resource can be established, the Company intends to investigate both a toll arrangement for leaching mined ore on nearby existing leach pads, or conducting its own heap leach operations on the property. 
 
 

KING TONOPAH  GOLD & SILVER PROJECT

Tonogold Resources has acquired a 1,180 acre land position in the northern Tonopah District, Nevada, including an area around the historic King Tonopah shaft. The central Tonopah District produced 174 million ounces of silver and 1.8 million ounces of gold between 1901 and 1935. Average historic grade of the Central Tonopah District was 0.23 ounces per ton gold and 23 ounces per ton silver. In a two-year period, the King Tonopah mine produced approximately 20,000 tons grading 0.30 ounces per ton of gold and 30 ounces per ton of silver (6,000 oz gold and 600,000 oz silver) from a portion of one of the east-west veins.

Drill holes in the northern Tonopah District have encountered four steep vein structures in addition to the near-vertical King Tonopah vein. A gentle west-dipping, concave-upward, fault-vein system similar to the Tonopah Fault in the central District is indicated below the steep veins of northern Tonopah. The Tonopah Fault was a major source of production in the central District. Tonogold’s exploration goals include delineation of the indicated low-angle fault-vein system.

Tonogold is engaged in a two-phase drill program to define a resource potential similar in size and grade to the central Tonopah District. Phase One goals are acquisition of additional small property segments around the existing Tonogold holdings, compilation of all data, surface prospecting and mapping, and drill exploration. Rehabilitation of the King Tonopah workings, as an access alternative and for underground drilling, is included in the Phase One budget. When Phase One is completed, the extent of the King Tonopah resource should be determined, veins on existing and new structures should be found, and a Phase Two drill development plan for the northern Tonopah District should be viable.
 

Other Recent News From Tonogold

LA JOLLA, CA--(MARKET WIRE)--Apr 10, 2006 -- Tonogold Resources, Inc. (Other OTC:TNGL.PK - News) has retained the services of Peter Dilles Consulting Services Inc. to direct exploration of the Tonopah Divide gold-silver property in Esmeralda County, Nevada.

Mr. Dilles is a well-regarded economic geologist with wide experience developing precious metal deposits, having been involved with numerous Carlin-type and volcanic-associated gold properties in Nevada and Peru. Mr. Dilles' primary client since 2001, Placer Dome Exploration, has benefited from his recommendations and management of four successful gold exploration projects along the Cortez-Eureka trend south of Cortez Hills.

Mr. Dilles was previously Exploration Manager for Pacific Rim Mining Corporation from 1998 through 2000 in Peru, directing logistical aspects of the Luicho gold exploration project and drill exploration of the Cofradia gold-silver project. Mr. Dilles was also Senior Geologist for Bema Gold on the 20 million oz. gold -- 2 billion lb. copper Cerro Casale porphyry in Chile. Prior to his work in Peru and Chile, Mr. Dilles was responsible for expanding the 1992 West Archimedes gold discovery at Eureka, Nevada, to 750,000 oz. and overseeing discovery and early expansion of the East Archimedes deposit, now at 1,000,000 oz.

To read the entire release and disclaimer, the link is HERE

Press Release Source: Tonogold Resources, Inc.
Tuesday March 7, 4:15 pm ET

Tonogold Resources, Inc. Announces Tonopah Divide Advanced Gold Exploration Project

LA JOLLA, CA--(MARKET WIRE)--Mar 7, 2006 -- Tonogold Resources, Inc. (Other OTC:TNGL.PK - News) is pleased to announce the signing of a Mining Lease with the Tonopah Divide Mining Company (Other OTC:TODM.PK - News).

The Mining Lease covers 36 patented lode mining claims and 55 unpatented lode mining claims located in the Divide Mining District in Esmeralda County, Nevada.

Approximately 17,000 feet of reverse circulation drilling has been completed on the property by four companies: Falcon Exploration, Echo Bay Mines, Corona Gold and USMX. Since these drilling efforts, an additional claim area, the Gold Zone, has been added to the property consisting of 5 claims. The Gold Zone has never been drilled.

To read the entire release and disclaimer, the link is HERE

Press Release Source: Tonogold Resources, Inc.
Tuesday March 7, 1:29 pm ET

Tonogold Resources, Inc. Hires Stevens Exploration for Alaskan Operations Management

LA JOLLA, CA--(MARKET WIRE)--Mar 7, 2006 -- Tonogold Resources, Inc. (Other OTC:TNGL.PK - News) has entered into a consulting agreement with Stevens Exploration Management Corp. to provide the services of Dr. Donald Stevens for project management and geological consulting on the Nyac, Alaska Gold Project.

Dr. Stevens received a B.S. degree in Geology in 1967, a B.S. degree in Chemistry in 1968, and a Ph.D. degree in Geology in 1971, all from the University of Alaska Fairbanks. >From late 1970 through 1977, he was District Geologist for Alaska with Cities Service Minerals Corporation. In February 1978, he formed Stevens Exploration Management Corp. for the purpose of providing consulting economic geology and exploration contracting services. Dr. Stevens is a Certified Professional Geologist (7573), a member of the Society of Economic Geologists, the Association of Applied Geochemists, the Society for Mining, Metallurgy, and Exploration, Inc., and the Alaska Miners Association.

To read the entire release and disclaimer, the link is HERE
 

The Tonogold Management Team

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JEFFREY J. JANDA - CHAIRMAN OF THE BOARD, PRESIDENT 

Mr. Janda, age 39, has served as Chairman and President of the Company since its acquisition by Point Loma Partners in May 2002. Mr. Janda served as the Chairman and Chief Executive Officer of Point Loma Partners, Inc., an investment company based in San Diego, California from 1998 to 2002. Mr. Janda was the President of Janda & Garrington, an NASD licensed investment banking and stock brokerage company he founded in 1996 and sold in 1999. Before founding Janda & Garrington, he served as Managing Director of Corporate Finance at W. B. McKee Securities, Inc. in Phoenix, Arizona from 1994 to 1996. From 1992 to 1994 Mr. Janda was the Director of Corporate Finance with First Affiliated Securities.

Mr. Janda has worked as an advisor on a variety of public and private financings, mergers and acquisitions, including managing several successful initial public offerings such as those of the L.L. Knickerbocker Company, ModaCAD, Inc., and U.S. Laboratories, Inc. Mr. Janda has raised $43 million for 14 companies. Mr. Janda was educated at the University of Iowa where he received a B.A. degree.
 

DONALD G. STRACHAN - VICE PRESIDENT OF EXPLORATION

Mr. Strachan is a senior professional geologist with over 30 years of experience in mineral exploration in the western United States and eastern Africa. From 1986 to the present time, Mr. Strachan has been based in the Reno, Nevada area and has worked as an independent geologist evaluating gold and silver properties. From 1984 to 1986, he worked as a geologist for St. Joe Minerals involved in precious metal exploration in the western United States. From 1976 to 1979, he was an economic geologist for Houston Oil and Minerals, working in uranium and base metals, and from 1980 to 1983 focused on gold and silver exploration and development projects in western Nevada. He holds a B.A. degree in Geology from California State University in Fresno, California and a M.S. degree in Geology from the New Mexico Institute of Mining and Technology. Mr. Strachan is a Certified Professional Geologist and a member of the Geologic Society of Nevada, the Geologic Association of Canada, and the Society of Economic Geologists.
 

BRIAN A. ZAMUDIO - EXECUTIVE VICE PRESIDENT, SECRETARY, AND DIRECTOR

Mr. Zamudio, age 38, has served as the Executive Vice President of the Company since May 2003. Mr. Zamudio was the Chief Operating Officer of Point Loma Partners, Inc. from 1999 to 2002. Mr. Zamudio was also the President of Daybreak Apparel LLC, an apparel manufacturer based in San Diego, California, from 1999 to 2004. Prior professional experience includes acting as the Managing Partner of Big Rock Holdings, a real estate development company. While at Big Rock, Mr. Zamudio was responsible for acquisitions and financing. Prior to Big Rock, Mr. Zamudio worked in the mortgage securities department at Sentra Spelman, a brokerage firm based in San Diego, California.
 

KEVIN ROBINSON - EXECUTIVE GEOLOGIST

Mr. Robinson joined Tonogold in October of 2004. Since then he has assisted with corporate operations and served as a geologic and strategic advisor. His expertise is in structural geology, mapping and geological synthesis. He is currently applying his knowledge and skills to the geology of economic ore deposits. He helps find and evaluate properties in Nevada and is spearheading a new Central Asia mineral exploration program. Kevin has been teaching geology at San Diego State University for 11 years and has done research in several areas throughout California, Nevada and Mexico. After receiving his Masters Degree from SDSU in 1990 he worked as a professional geologic consultant and has experience with field investigations, sampling programs, drilling operations, property analysis, technical writing, professional publication, and investor-client relations. His analytical skills are augmented by aesthetic strengths such as graphic design, photography and public speaking. Beginning in May 2006 he will become a fulltime member of the Tonogold team.

Tonogold has established an Advisory Board to advise the management and the Board of Directors of Tonogold on the following matters:

    * technical issues that affect the reporting requirements of various regulatory agencies;
    * review internal reports and other information that may be used for public disclosure of technical information;
    * mineral resource/reserve information, feasibility studies, reports prepared by outside consultants and other technical information;
    * investigation and acquisition of new mineral projects and;
    * the use of outside consultants and other third-party contractors. 
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