TAU Common Stock

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


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


Quantum Partners LP ("Quantum"), a private investment fund managed by Soros Fund
Management LLC, Electrum Strategic Metals II LLC, an entity controlled by
Electrum Strategic Metals LLC ("Electrum"), and one other subscriber entered
into subscription agreements with the Company. On March 21, 2011, the Company
completed the second tranche of the private placement with Quantum and Electrum
Strategic Metals II LLC, issuing a total of 30,117,410 common shares for gross
proceeds of approximately $19.1 million. The issuance of the remaining 393,701
common shares is expected to be completed shortly.


The Company issued 25,451,333 common shares to Quantum for proceeds of
approximately $16.2 million in the second tranche. Quantum now holds, directly
and indirectly, a total of 47,244,095 common shares which represents
approximately 33.5% of the Company's outstanding shares.


The Company issued 4,666,077 common shares to Electrum Strategic Metals II LLC
for proceeds of approximately $3.0 million in the second tranche. Electrum now
holds, directly and indirectly, a total of 35,120,945 common shares which
represents approximately 24.9% of the Company's outstanding shares. Electrum
also holds warrants to purchase an additional 18,280,165 common shares. 


The common shares issued to Quantum and Electrum Strategic Metals II LLC in this
tranche of the private placement are subject to a hold period and may not be
traded until July 22, 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.


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
management team has assembled an impressive portfolio of gold and base metal
projects in Alaska, including the Colorado Creek gold project located in
southwest Alaska approximately 100 miles northwest of the Donlin Creek project,
the Kugruk copper project located 70 miles north of Nome in the northern Seward
Peninsula, Alaska, and the Sheep Creek copper-cobalt property in Montana. The
Company, in a short period of time, has successfully established itself in
several of the most prolific mineral belts in North America.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy nor shall there be any sale of any of the common shares in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
common shares have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or the securities
laws of any state of the United States and may not be offered or sold within the
United States or to, or for the account or the benefit of, any person in the
United States unless registered under the U.S. Securities Act and applicable
state securities laws or pursuant to an exemption from such registration
requirements.


ON BEHALF OF THE BOARD OF DIRECTORS

Louis A. Lepry, Jr., President & CEO

Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this
release, including statements regarding the use of proceeds a private placement,
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
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 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, actual results of the Company's exploration activities being different
than those expected by management and delays in obtaining or inability to obtain
required government or other regulatory approvals. 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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