Tombstone Exploration Announces Assay Results From 2007 and 2008 Drill Programs; Acreage Could Contain World Class Silver Deposits
December 10, 2008
Tombstone Exploration Corporation (OTCBB: TMBXF) announced today the results of the 2008 exploration drill program and the preliminary mineral inventory for the Tombstone silver project, Cochise County. The mineral inventory is comprised of approximately 2.53 million of tons of 141 g/t Ag (silver) and carried significant ounces of gold and tons of base metals in addition to a new large manganese discovery (previously reported 12/02/2008). Since only 5% of the lateral extent of the Tombstone acreage has been explored, and the deposit remains open at depth, the overall magnitude of the Tombstone silver project is wide open.

The results of this Phase 1 drill program have resulted in identifying a very mineral rich zone that Tombstone management believes is a significant precious metals and base metals discovery. The Company intends an aggressive exploration and comprehensive drilling program, which is planned for 2009.

Table I summarizes the mineral inventory, grades and tonnages of the various mineral commodities of the Tombstone silver project, as of November 2008.

              TABLE I

    Silver        2.53 M of tons at 141 g/t (metric)
                  10.40 M ounces of silver
    Gold          25,200 ounces of gold
    Copper        386,000 pounds of copper
    Lead          7.50 M pounds of lead
    Zinc          1.25 M pounds of zinc
    Manganese     205 M pounds of manganese

Alan Brown, President and CEO of Tombstone, said, "Tombstone Exploration's Arizona acreage has the signature of a world-class silver deposit with great potential to contain large tonnage, amenable to both underground mining, and open pit mining operations. Infrastructure is superb with abundant water, energy, skilled man-power and excellent communication facilities. The project is easily accessible, only 70 miles from Tucson and the international airport. The climate of southern Arizona allows operating year round."

In the 1890s, past mining took place only above the water level in most of the mines which was around 250 feet deep; underground workings became flooded and silver was demonetized. Structures are open at both ends and down dip. In the opinion of many authors, the historical mining operations were able to scratch the near-surface sectors of the veins and essentially underground workings did not reach the sulfides zone, with the exception of the State of Maine mine that was developed down to 726 feet.

Tombstone Exploration holds 100% of the mineral rights of 11,500 acres in the historical western Tombstone silver mining district. The center of the property is Section 16, 2 miles southwest of the Tombstone town, Cochise County, Arizona. Section 16 comprises many of the historical silver producers in the district including: San Pedro group (Fox claims), State of Maine, Merrimac, Free Coinage, Chance, Bonanza, Santa Ana, Solstice, Annex 40 and 41 (Ace-in-the-Hole), Black Horse, the Joseph group, Mamie, Sailor, Randolph, and Groundhog. The total strike length extension of these structures is estimated to be in excess of 7,000 meters.

Mineralized structures are deep seated fracture/fault zones are considered to be the mineralizing conduits in the district. They trend north-northeast and dip steeply to west. Other than the fracture filling ore type, manto-type (lensoid, strata-bound) mineralization has been also recognized in the district. The main host rocks are quartzites, and limestones of the Bisbee Group intruded by the Uncle Sam porphyry complex, also a host rock. In general, the fracture filling mineralized structures are mostly associated with the quartzites and Uncle Sam rock units, while the manto-type mineralized structures are predominantly associated with limestones and limey siltstones.

These ore deposits are of polymetallic character, and are predominantly silver-rich, with significant mineralization of gold, lead, zinc and copper. Manganese oxides which are ore carriers and mineral hosts are observed at the upper sectors of the structures.

Two drilling programs have been completed during the field sessions of 2007 and 2008 consisting of 15 drill holes totaling 3,051 m (10,160 ft). 12 out of 15 drill holes were designed to test the central zone of the Bonanza structure. Three drill holes were located at Ace-in-the Hole and Black Horse area to test these structures. The 2007 drilling program was done by reverse circulation and the 2008 drilling was done by core diamond drilling, using HQ diameter and triple tube technology for better recovery.

Tombstone Exploration Corporation (TMBXF) is structured and positioned to capitalize on today's increasing demand and prices for precious metals (gold, silver) and base metals such as manganese, copper, lead and zinc. Tombstone Exploration Corporation has the mineral rights to approximately 11,500 acres of historical mining land in the areas around Tombstone, Arizona and is now the largest land holder in the Tombstone mining district, which is one of the recent largest mining property acquisitions in Arizona. Through expansion, the Company will acquire new properties, as well as integrate the extraction of precious and base metals. The goal is to produce metals and minerals below standard industry costs.

For more information on Tombstone Exploration Corporation, please visit our web site at www.tombstonemining.com.

FORWARD-LOOKING STATEMENTS

Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.