Tonogold Resources Inc (TNGL)

[ComstockRoyalty]

43-101 Update at #Lucerne - LUCERNE UPDATE

Mine Development Associates ("MDA"), of Reno, Nevada are in the final stages of completing an updated 43-101 Resource Estimate for Lucerne, which follows Canadian Institute of Mining guidelines and will be reported in a Canadian NI 43-101 Technical Report. That updated report will form the foundation from which to launch Tonogold's previously stated target of securing production of around 80,000 ounces of gold per annum generating around $50 to $60 million of operating cash flow for an initial 4 to 5 years commencing in approximately 2-years.