TNR Gold Corp.
TSX VENTURE : TNR

TNR Gold Corp.

December 21, 2009 14:48 ET

TNR Gold Corp. Closes 10,000,000 Units Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire – Dec. 21, 2009) - TNR Gold Corp. (TSX VENTURE:TNR) ("TNR" or the "Company") and wholly-owned International Lithium Corp. ("ILC") are pleased to announce TNR has closed its non-brokered private placement previously announced on December 8, 2009, which has resulted in gross proceeds to the Company of $3,000,000 (the "Offering").

The offering consisted of the issuance of 10,000,000 units of the Company (the "Units") at a price of $0.30 per unit for gross proceeds of $3,000,000. Each Unit consists of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.40 for a period of twenty four months from December 17, 2009. There are no finder's fees payable for the placement.

All securities issued pursuant to this Offering are subject to a 4-month hold period from December 17, 2009.

TNR's Non-Executive chairman Mr. Kirill Klip has subscribed for 5,000,000 units with the remaining 5,000,000 units subscribed for by a strategic energy sector investor.

Proceeds of the Offering will be used to fund the evaluation of TNR's Lithium, other Rare Metals and Rare Earth Elements properties, implement the proposed spin-off of International Lithium Corp. and for general corporate purposes.

ABOUT TNR GOLD CORP./INTERNATIONAL LITHIUM CORP.

TNR is a diversified metals exploration company focused on exploring existing properties and identifying new prospective projects globally. TNR has a total portfolio of 33 properties, of which 16 will be included in the proposed spin-off of International Lithium Corp.

It is anticipated that TNR shareholders of record will receive up to 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 http://www.internationallithium.com.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the company's commitment to generating projects, diversifying its markets, and building shareholder value.

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 nor does its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

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