TNR Gold Corp.
TSX VENTURE : TNR

TNR Gold Corp.

July 12, 2007 19:14 ET

TNR Gold Corp.: Exploration Program Has Commenced on the El Salto Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2007) - TNR Gold Corp. ("TNR") (TSX VENTURE:TNR) is pleased to announce that it has commenced a 3D IP survey on the El Salto property located in the western San Juan Province, Argentina. El Salto is a copper-molybdenum porphyry system containing pyrite, chalcopyrite, chalcocite, bornite, molybdenite and a variety of copper oxides and carbonates. A drill program is planned to test targets on the property after the completion of the IP program. The area to be surveyed is 5 km by 1.5 km in size and covers an area of geochemically anomalous copper, molybdenum and gold.

The 3300-hectare El Salto property is situated in Precordillera area of the eastern Andes, at an altitude of approximately 1600 m. A 1975 exploration program conducted by the Argentina government's San Juan Mining Office concluded that this area has the signature of a copper-molybdenum porphyry system. It appears to be one of a series of similar systems within what is known as the "Yellow Belt" district of San Juan Province. Examples of mines within in area are the El Pachon copper mine development project situated in Argentina less than 5 kilometres from the Chilean border with measured and indicated resources of 724 million tonnes grading 0.65% copper (Falconbridge web site) and the Los Pelambres is a major copper mine in Chile approximately 2 km from the Argentine border with proved and probable reserves of 1.49 billion tonnes grading 0.66% copper (Antofagasta web site).

The Company is earning a 100% interest in the project by making cash and exploration expenditures of US $1,100,000 over 5 years.

Mr. John Fraser, Director of TNR, is a Qualified Person under NI43-101, and has reviewed the content of this news release.

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.

Standard & Poors Listed

SEC12g3-2(b) Exemption #82-4434

CUSIP #872950-10-0

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • TNR Gold Corp.
    Gary Schellenberg
    President
    (604) 687-7551 or Toll Free: 1-800-667-4470
    (604) 687-4670 (FAX)
    Website: www.tnrgoldcorp.com