Tonogold Announces Appointment of New Board Members - Seite 2

In conjunction with the appointments of Mr. Playford and Mr. Whipperman to the board, Mr. Guztavo Mazon and Mr. Travis Miller have stepped down as board members, positions both have held since 2014.

Mr. William Hunter, Tonogold's Interim CEO, commented: "On behalf of Tonogold, I would like to thank Mr. Miller and Mr. Mazon. Both have made tremendous contributions to Tonogold and were instrumental in positioning the company during their eight years of service. Tonogold wishes them all the best in their future endeavors."

In addition, Mr. Hunter said, "Tonogold is delighted to welcome Gil Playford and Cody Whipperman to the company's board of directors. Both men bring tremendous amounts of relevant mining experience and strategic insight to the boardroom. Their skills, insights, and guidance are going to be enormous assets for Tonogold as the company reignites exploration of the historically significant Comstock Mining District."

Forward-Looking Statements:
This press release and any related calls or discussions may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Tonogold. Forward-looking statements are statements that are not historical facts. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: capital raising activities and negotiations; market conditions; future changes in exploration activities, production capacity, and operations; future exploration, production, operating, and overhead costs; production of feasibility studies, technical reports, or other findings related to estimated mineralization; operational and management restructuring activities; capital expenditures (by Tonogold or other parties) and their impact; investments, acquisitions, joint ventures, strategic alliances, business combinations, asset sales; consulting, operational, tax, financial and capital projects, and initiatives; contingencies; environmental compliance and changes in the regulatory environment; offerings, sales, equity dilution, and other actions regarding debt or equity securities; including a redemption of the debenture, and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings, and growth. The words "believe," "expect," "anticipate," "estimate," "project," "plan," "should," "intend," "may," "will," "would," "potential," and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by Tonogold management in light of their experience and their perception of historical and current trends, current conditions, possible future developments, and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations, or warranties, and are subject to risks and uncertainties that could cause actual results, developments, and business decisions to differ materially from those contemplated by such forward-looking statements. Occurrence of such events or circumstances could have a material adverse effect on the business, financial condition, results of operations, cash flows, or the market price of Tonogold's securities. All subsequent written and oral forward-looking statements by or attributable to Tonogold or persons acting on their behalf are expressly qualified in their entirety by these factors. Tonogold does not undertake any obligation to publicly update or revise any forward-looking statement. Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy any other securities or Tonogold.