TNR Gold Corp.

TNR Gold Corp.

August 04, 2009 12:54 ET

TNR Gold Corp. Announces $500,000 Flow Through Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 4, 2009) -


TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR) is pleased to announce a brokered private placement led by Byron Securities Ltd. (the "Agent") for 2,000,000 flow-through shares, priced at $0.25 per share which will result in gross proceeds to the Company of $500,000 (the "Offering"). The Agent acknowledges the offering is now fully subscribed for.

As consideration for acting as agent, The Agent will receive a commission of 7% of the gross proceeds raised, payable in cash. In addition, the Agent will be issued 200,000 non-flow through agent's warrants, each entitling the Agent to acquire one common share of the Company at an exercise price of $0.25 per common share for 18 months from closing.

All of the securities issued pursuant to the Offering are subject to a four month hold period from the closing date. The Offering is subject to TSX Venture Exchange approval and any regulatory approvals.

Proceeds of Offering will be used to fund TNR's exploration projects in Canada.


TNR is a diversified metals exploration company focused on identifying and exploring existing properties in Argentina and Alaska and new prospective projects globally. Upon approval of pending licences in Ireland, TNR will have a total portfolio of 32 properties, of which 16 will be subject to the proposed spin-off of International Lithium Corp.

It is anticipated that TNR shareholders of record will receive one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit

The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the company's commitment to project generation, market diversity, and building shareholder value.

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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