Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company" or "Tenajon") today
announced that it has optioned two properties near its Ajax Property in
northwestern British Columbia and purchased one adjacent to its Moly Brook
Property in south central Newfoundland. All three properties are considered
prospective for hosting economic deposits of molybdenum. Preliminary evaluations
have been proposed for all three properties.


The Hoan North and South Properties were optioned from Dr. Nicholas Carter, one
of Canada's foremost authorities on molybdenum. The properties are respectively
located 9 km east southeast and 13.9 km southeast of the formerly producing
Kitsault Molybdenum Mine. Government mapping shows both properties to be
underlain by sedimentary rocks that have been intruded by Alice Arm Intrusions
similar to those hosting significant molybdenum elsewhere in the area. Although
it is known that molybdenum was located in the 1960's on the Hoan North Property
there has been no assessment work filed and neither is there any work recorded
for the Hoan South Property. Under the terms of the option agreement, Tenajon
can earn a 100% interest in the claims which are subject to a 2% NSR, of which
half can be purchased back by Tenajon for C$1,000,000, through the issuing of
250,000 shares and cash payments of $90,000 over a four year period.


The Grey River West Property is located immediately to the west of Tenajon's
Moly Brook Property. The Moly Brook Property hosts a 450m x 1150m zone of
molybdenum mineralization in bedrock. Limited drilling has returned encouraging
values including sections of 44 and 46 metres respectively averaging 0.111 and
0.082% Mo. Presently, Tenajon is completing an extensive exploration program
consisting of geochemical and geophysical surveying. A follow-up drill program
totaling approximately 3,000 metres of core drilling is to commence shortly. The
Grey River West Property is underlain by rocks similar to those at Moly Brook.
In addition, if the Moly Brook property is proven to host an economic deposit,
the Grey River West Property provides access to the ocean through Dog Cove Bay.
Under the terms of the agreement Tenajon can purchase a 100% interest in the
property subject to a $5,000 cash payment and by issuing 75,000 shares to the
vendors. The property will be subject to a 2% NSR, of which half can be
purchased back by Tenajon for C$1,500,000. A finders fee of $500 and 7,500
shares will be issued in respect to the Greg River West acquisition.


Both property agreements are subject to the approval of the TSX Venture
Exchange. Any securities issued in respect of the agreements will be subject to
a four-month hold period.


Dave Visagie, P. Geo., a Qualified Person as defined by NI 43-101, will
supervise the exploration program to be completed on the properties.


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.


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