TNR Gold Corp.

TNR Gold Corp.

April 16, 2008 14:49 ET

TNR Gold Corp.: Latin American Minerals Options its La Carolina Gold Property to Argentinean Venture Capital Group

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 16, 2008) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR) announces that its joint venture partner, Latin American Minerals (LAT), has optioned part of its 75% interest in La Carolina gold property to CHC Venture Capital S.A. ("CHC"), a resource venture capital group based in Argentina.

Under the terms of the option, CHC has the right to acquire a 51% interest in the property from LAT's 75% by making escalating cash payments totaling US $1,090,000 over 4 years and by expending US $750,000 each year over 4 years (US $3,000,000 in the aggregate) on exploration of the property. No interest is earned by CHC until all its obligations have been satisfied. This information has been derived from LAT's news release in Stockwatch dated Apr 16, 2008. Please refer to this news release for further information.

TNR welcomes the addition of another joint venture partner in Argentina and considers the investment of a local firm in their own country a positive sign and a vote of confidence for the potential of the La Carolina property.


The property is a gold prospect located in the La Carolina District of San Luis Province in west-central Argentina. It is situated at an elevation of approximately 1,600m in the Sierras de San Luis and lies 85km north of the provincial capital, San Luis, and consists of three contiguous staked and optioned exploration concessions covering approximately 3,500ha.


TNR Gold Corp 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 17 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 as well as the Shotgun project in Alaska.

On behalf of the Board:

Gary Schellenberg, CEO

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

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