TNR Gold Corp.
TSX VENTURE : TNR

TNR Gold Corp.

January 16, 2008 17:15 ET

TNR Gold Corp.: 3,000 Metre Drill Program Resumes at El Salto

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 16, 2008) - TNR Gold Corp. ("TNR") (TSX VENTURE:TNR) is pleased to announce they have resumed drilling on its' 100% optioned El Salto Project after a short holiday season break. TNR is committed to a minimum 3,000 metre drill program on the project which is located in the San Juan province, Argentina.

The planned drilling program is focusing on several well-defined, chargeability anomalies delineated by a recent 3D IP survey on the property. The first drill hole (ES-07-01), which is currently at a depth of 345 metres, is testing the northeastern margin of potassically altered and copper minereralized granitic porphyry with a flanking weak to moderate chargeability anomaly. The drill hole is planned to a depth of 500 metres. Drill core from the hole is presently being logged and sampled. An inspection of core by company's geologists on-site have noted that the drilled core length (0.0m-345.0m) is variably mineralized with sulphides (pyrite, chalcopyrite and molybdenite). The sulphide mineralization occurs in breccias, porphyry dikes and altered metasedimentary country rocks along the margin of the intrusion. The second drill hole, which is commencing immediately, is located 100-125m west from the western margin of the porphyry intrusion and will test a strong chargeability anomaly with the coincident copper-molybdenum mineralization in the intrusion. The remaining drill holes will be completed by mid February and have been planned to test both weak and strong chargeability anomalies with the coincident known and unknown copper and molybdenum geochemical anomalies on surface.

EL SALTO PROPERTY

TNR has completed a reconnaissance mapping/prospecting and sampling program during the 2007 field season. The results of the program, and historical data suggests the property is predominantly underlain by sedimentary (quartzite, arenite) and mafic volcanic (basalt) sequences, which have been intruded by intrusions of gabbro and granite to granodiorite. A recently completed IP survey suggests the two feldspar-phyric granitic bodies intruding the northwest-trending sedimentary sequences, which underlie the central part of the property, suggests the two intrusions may be interconnected under the sedimentary cover, hence possibly representing a single intrusion.

A total of 216 rock chip/grab and 20 stream-sediment samples were collected in a 2007 field season and sent to Alex Stewart Assayers (ISO9002) in Argentina for multi-element analyses. The rock chip/grab samples yielded anomalous to highly anomalous copper values ranging from 500 ppm to 4000 ppm (72 samples) and one sample assayed greater than 10,000 ppm. A vuggy silica float sample assayed 4.23 g/t gold and 11.7 g/t silver and is strongly anomalous both in arsenic (4096 ppm) and antimony (445 ppm).

The El Salto property, consisting of 3300 hectares in the San Juan Province, is located within the "Yellow Belt" district of San Juan which hosts the two well-known copper deposits, the El Pachon Deposit (724 MT @ 0.65% Cu) in Argentina, and the Los Pelambres Mine (1487 MT @ 0.66% Cu) near the Chile-Argentine border (Falconbridge/Xstrata and Antofagasta web sites).

This news release has been prepared under the supervision of Ike Osmani, P.Geo, TNR's qualified person on this news release.

On behalf of the board,

Gary Schellenberg, President

Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

CUSIP: #87260X 109

SEC 12g3-2(b): Exemption #82-4434

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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