TAU Common Stock

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TintinaGold Resources Inc. (TSX VENTURE:TAU) ("TintinaGold" or the "Company")
announces that it has completed the first tranche of the non-brokered private
placement of common shares previously announced in the Company's February 10,
2011 news release.


The first tranche was placed with Quantum Partners LP ("Quantum"), a private
investment fund managed by Soros Fund Management LLC, and Electrum Strategic
Metals II LLC ("Electrum"), an entity controlled by Electrum Strategic Metals
LLC.


The Company issued 21,792,762 common shares to Quantum for proceeds of
approximately $13.8 million. After completion of the first tranche of the
private placement, Quantum holds a total of 21,792,762 common shares which
represents approximately 19.8% of the Company's outstanding shares.


The Company issued 3,995,340 common shares to Electrum for proceeds of
approximately $2.5 million. After the completion of the first tranche of the
private placement, Electrum Strategic Metals LLC holds, directly and indirectly,
a total of 30,454,868 common shares which represents approximately 27.7% of the
Company's outstanding shares. Electrum Strategic Metals LLC also holds warrants
to purchase an additional 18,280,165 common shares.


The Company expects the second and final tranche of the private placement to be
completed following approval by the Company's shareholders of the creation of a
new control person at the annual and special general meeting of the Company
scheduled for March 15, 2011.


The common shares issued in the first tranche of the private placement are
subject to a hold period and may not be traded until July 3, 2011 pursuant to
applicable Canadian securities laws and the policies of the TSX Venture
Exchange.


The proceeds of the private placement will be allocated to fund on-going
exploration, environmental baseline work and feasibility studies at the
Company's Sheep Creek property located in Montana, USA, and for general working
capital.


The common shares have not been and will not be registered under the United
States Securities Act of 1933, as amended, or any state securities laws and may
not be offered in the United States, except pursuant to exemptions from such
registration requirements. This press release does not constitute an offer to
buy any securities in the United States or in any jurisdiction in which such
offer would be unlawful.


About TintinaGold

TintinaGold is a growth company focused on the exploration and development of
precious and base metal properties around the world. The Company's experienced
Board of Directors and Management Team having completed the verification
drilling on the Sheep Creek copper-cobalt massive sulfide property in Montana,
U.S.A. are focused on additional exploration drilling and advancing the project
towards production. The Company is also exploring an impressive portfolio of
gold and base metal projects in Alaska, including the Colorado Creek gold
project located in southwest Alaska in the same region as the 40 million ounce
Donlin Creek project and the Kugruk copper-iron-gold prospect in northwest
Alaska.


The growth and success of the Company comes from TintinaGold's experienced
exploration team and its ability to forge collaborative relationships and
partnerships with Native Alaskan and First Nations groups, local communities,
major mining companies and regulators.


About Sheep Creek

The Sheep Creek deposit is located about 27 km north of White Sulphur Springs
along a well maintained gravel road and within two miles of U.S. Highway 89. The
Sheep Creek property consists of approximately 5,775 acres of fee simple lands
and mining claims in central Montana. The property contains sediment hosted
zones of massive sulfide mineralization originally explored by Cominco American
Inc. and BHP during the 1980's and early 1990's. The drilling undertaken by
Cominco American Inc. and BHP had encountered significant zones of strata-bound
copper sulfide with cobalt in multiple bedded pyrite zones in the lower part of
the Precambrian Belt Supergroup; this same stratigraphic unit hosts the Sullivan
zinc-lead-silver deposit. The Company in a short time has been able to complete
an Inferred Resource on the Upper Copper Zone.


Website: www.tintinagold.com

ON BEHALF OF THE BOARD OF DIRECTORS

Raj Chowdhry, C.A., President & CEO

Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this
release, including statements regarding the completion of a second tranche of a
private placement of common shares of the Company (the "Offering"), the approval
of a new control person by the shareholders of the Company and the use of
proceeds from the Offering, constitutes "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of 1995
and "forward-looking information" within the meaning of Canadian securities
legislation. In making the forward-looking statements in this release, the
Company has applied certain factors and assumptions that the Company believes
are reasonable, including that the Company is able to obtain regulatory approval
of the Offering and regulatory and shareholder approval of the creation of a new
control person and is otherwise able to complete the second tranche of the
Offering and that actual results of the Company's exploration activities will be
consistent with those expected by management. However, the forward-looking
statements in this release are subject to numerous risks, uncertainties and
other factors relating to the Offering and to TintinaGold's operation as a
mineral exploration company that may cause future results to differ materially
from those expressed or implied in such forward-looking statements. Such
uncertainties and risks include, among others, financing risks, regulatory risk,
actual results of the Company's exploration activities being different than
those expected by management, delays in obtaining or inability to obtain
required government or other regulatory or shareholder approvals and inability
to complete the Offering. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could differ
materially from those anticipated in such statements. Readers are cautioned not
to place undue reliance on forward-looking statements. TintinaGold does not
intend, and expressly disclaims any intention or obligation to, update or revise
any forward-looking statements whether as a result of new information, future
events or otherwise, except as required by law.

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