TNR Gold Corp.
TSX VENTURE : TNR

TNR Gold Corp.

April 27, 2009 09:44 ET

TNR Gold Corp. Arranges Debt Settlement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 27, 2009) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR) announces that, subject to regulatory approval and the execution of final documentation, the Company has arranged to settle $438,942 of debt with Units at $0.10 per Unit. Each Unit for non-related party debt will consist of 1 share and one-half common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.15 for a period of one year. Each Unit for related-party debt will consist of 1 share only.

Completion of the Settlement is subject to the receipt of all required regulatory approvals and the execution of final documentation.

ABOUT TNR

TNR is a diversified metals exploration company focused on identifying new prospective projects globally with 20 properties currently in its portfolio.

In anticipation of the surging international lithium demand in various high tech and efficient energy applications, TNR has actively pursued an aggressive global acquisition strategy for Lithium and Rare Metals projects of merit. This further confirms the company's commitment to project generation, market diversity, 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.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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.

Contact Information