TNR Gold Corp.
TSX VENTURE : TNR

TNR Gold Corp.

April 17, 2008 18:09 ET

TNR Gold Corp. Closes Brokered Private Placement of 9,500,000 Units

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 17, 2008) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR) is pleased to announce it has closed its brokered private placement previously announced on February 22, 2008, and repriced on April 4, 2008, which has resulted in gross proceeds to the Company of $3,325,000 (the "Offering"). The Offering was brokered by PI Financial Corp. (the "Agent").

The Offering consisted of the issuance of 9,500,000 units of the Company (the "Units") at a price of $0.35 per Unit, with each Unit composed of one common share and one-half of one transferable common share purchase warrant (each whole such purchase warrant, a "Warrant"). Each Warrant is exercisable into one additional common share of the Company at an exercise price of $0.50 per common share until October 17, 2009.

In consideration for its services performed in respect of the Offering, the Agent was issued 769,500 agent's warrants, each entitling the Agent to acquire one common share of the Company at an exercise price of $0.50 per common share until October 17, 2009. The Agent also received a commission of 7% on a commissionable portion of the gross proceeds of the Offering, payment of which was made by a combination of cash, totaling $123,375, and of 246,000 Units.

All of the securities issued pursuant to the Offering are subject to a four month hold period expiring on August 18, 2008.

Proceeds of Offering will be used to fund TNR's exploration projects in South America, and for general corporate purposes.

ABOUT TNR GOLD CORP.

TNR is a base and precious metals exploration company focused on aggressively identifying new prospective projects as well as fostering work on its large portfolio of 16 properties in Argentina and Alaska. The Company's focus over the next 12 months is the exploration and development of its Eureka, El Salto, El Tapau and Escorpio IV properties in Argentina and Shotgun project in Alaska.

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.

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