TNR Gold Corp.
TSX VENTURE : TNR

TNR Gold Corp.

October 29, 2009 09:25 ET

TNR Gold/International Lithium Increase Property Fivefold Mavis Lake, Ontario-Rare Metals Pegmatite Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2009) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR) and wholly-owned International Lithium Corp. ("ILC") are pleased to announce the expansion by staking of the Mavis Lake rare metals (Li-Ta) property located approximately 15 km northeast of the city of Dryden in northwestern Ontario.

KEY POINT SUMMARY

  • Mavis Lake property increased to 2,554 hectares from 512 hectares;
  • 1.24 wt% Li2O over 5.3 metres in channel and 3.14 wt% Li2O in grab sample reported;
  • Follow-up program recently completed with results pending; and
  • Expanded claims secure known mineralized pegmatite extensions and surrounding prospective area.

President of TNR Gold, Gary Schellenberg states, "The high grade lithium values encountered and the observations reported from the project indicate a highly evolved pegmatite environment. Further exploration will focus on defining the extent and identifying the various mineralized zones within the Mavis Lake pegmatites."

MAVIS LAKE PEGMATITE PROJECT UPDATE

The newly acquired claims, comprising 2,032 ha area (10 claims - 127 units), are contiguous from the eastern and northern boundaries of company's 100% owned existing (512 ha) Mavis Lake property. The total property area of 2,544 ha represents a fivefold increase in size from the Company's previous land position at Mavis Lake.

The acquisition of the new claims was prompted due to the high grade lithium mineralization encountered from the Company's recently conducted initial litho-geochemical sampling program on the property. The high-grade mineralization, including 1.24 wt% Li2O over 5.3 metres in channel samples and up to 3.14 wt% Li2O in grab samples, was obtained from Pegmatite Dike #18 located near the northeastern boundary of company's previously staked claims (TNR News Release – October 05, 2009).

The new claims are significant in that they secure the potential extensions of 9 known mineralized pegmatite dikes to the east and encompass a highly prospective area in which to discover additional mineralized pegmatite dikes.

TNR/ILC has now completed a more comprehensive second phase of mapping and litho-geochemical sampling program on the property and intends to release the results as they become available.

Ike Osmani, P.Geo, is the Company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.

ABOUT TNR GOLD / 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, 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 accept responsibility for the adequacy or accuracy of this news release.

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