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Press Release Source: Tenajon Resources Corp.


Tenajon Resources Corp.: Significant Resource Increase at Ajax
Monday March 5, 8:01 am ET
448.78 MT of 0.063% Molybdenum Inferred Resource
38.8 MT of 0.064% Molybdenum Indicated Resource


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 5, 2007) - Tenajon Resources Corp. (TSX VENTURE:TJS - News; the "Company" today announced a significant increase to the Mineral Resource estimate for the Ajax Molybdenum Deposit located 14 km north of Alice Arm, B.C. Tenajon Resources Corp. holds a 100% interest in the Ajax Molybdenum Deposit.



- Inferred Resources increase by 30.1% over the previous resource estimate

- 623.4 million pounds Molybdenum in Inferred Resources

- 56.4 million pounds Molybdenum in Indicated Resources

- 38.8 MT at 0.064% Molybdenum have been upgraded to Indicated Category

- Molybdenum is trading at approximately US$26.00 per pound

- Deposit is still open for expansion laterally and at depth

This updated resource estimate was prepared by Giroux Consultants Ltd. an independent consulting firm. Above a cut-off grade of 0.04 per cent molybdenum ("Mo", Giroux estimates that the Ajax Deposit contains an Inferred Resource of 448.8 million tonnes grading 0.063 per cent Mo; an Indicated Resource of 38.8 million tonnes averaging 0.064% Mo; and hosts in excess of 679.8 million pounds of molybdenum. Ajax is one of the largest undeveloped molybdenum deposits in North America and the deposit remains open laterally and at depth.

The current estimate includes the results of the 2006 deep drilling program completed on the property. Prior to the 2006 drilling, Giroux had calculated the Ajax Deposit hosted an Inferred Mineral Resource of 345 million tons averaging 0.070% Mo, using a 0.04% Mo cut-off, representing 532.6 million pounds of molybdenum.

The Company is presently completing a preliminary metallurgical study and compiling all data with the goal of defining near surface high grade zones that would be amenable to open pit mining. To test this work and to assist in locating these higher grade zones, an initial 3000-4500 metre drill program will commence this summer.




Table 1. Summary of the Mineral Resources at the Ajax Deposit at various
cut-off grades:
---------------------------------------------------------------------------
Inferred Mineral Indicated Mineral
Resource Resource
---------------------------------------------------------------------------
Tonnes Grade Tonnes Grade
greater greater greater greater
Cutoff than than Million than than Million
Grade Cutoff Cutoff lbs Mo Cutoff Cutoff lbs Mo
---------------------------------------------------------------------------
Mo Mo MoS2 Mo MoS2
(%) (%) (%) (%) (%)
---------------------------------------------------------------------------
0.04 448,780,000 0.063 0.105 623.4 38,760,000 0.064 0.105 56.4
---------------------------------------------------------------------------
0.05 396,200,000 0.066 0.110 576.6 33,240,000 0.070 0.117 51.3
---------------------------------------------------------------------------
0.06 277,160,000 0.070 0.117 427.8 26,100,000 0.073 0.122 42.0
---------------------------------------------------------------------------
0.08 41,900,000 0.088 0.147 81.3 5,470,000 0.09 0.157 11.3
---------------------------------------------------------------------------


The Resource estimate was completed under the direction of Gary Giroux, P.Eng., an independent qualified person as defined by National Instrument 43-101.

Mineral Resources for the Ajax Deposit were estimated based on 35 drill holes, including 5 holes drilled in 2006. A 3-D model of the mineralization at Ajax was created using GEMS® software. This mineralized domain was largely based on the historical interpretations (by Newmont) resolved in the third dimension and incorporation of the most recent drilling. The resulting solid, represents an approximately 0.05% Mo grade-shell. Assays were then composited for 12m intervals and statistical analysis and variography completed for the mineralized domain. Ordinary kriging was then used to interpolate the molybdenum grades into the block model, with individual blocks 50m by 50m by 24m high. Due to the density of the drilling as compared to the size of the deposit, most of the Mineral Resource has been classified as Inferred.

Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Mineral Resource estimates do not account for mineability, selectivity, mining loss and dilution. Inferred Mineral Resources are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these Inferred Mineral Resources will be converted to Measured and Indicated categories through further drilling, or into Mineral Reserves once economic considerations are applied.

Dave Visagie, P. Geo., a Qualified Person as defined by NI 43-101, will supervise the Ajax exploration program.

On Behalf of the Board of Directors

TENAJON RESOURCES CORP.

D. Bruce McLeod, President

This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See the Company's filings for a more detailed discussion of factors that may impact expected results.

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

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