TNR Gold Corp.

TNR Gold Corp.

March 19, 2009 20:30 ET

TNR Reprices Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 19, 2009) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR) announces that it intends to reduce the exercise price of 4,050,000 incentive stock options (with exercise prices of $0.20 to $0.35) to $0.10 per share, subject to TSX Venture Exchange acceptance, as well as, in the case of insiders of the Company, the approval of disinterested shareholders. The Company intends to seek such disinterested shareholder approval for the amendment to insider options at its next annual general meeting scheduled for May 2009. Accordingly each of the subject option holders will have the exercise price of their options reduced to $0.10 per share. There has been no change to the expiry date of the options.

In addition, the Company will grant new stock options to certain directors, officers, employees and consultants entitling them to purchase up to 600,000 common shares of the capital stock in the Company at a price of $0.10 per share for a period of five years, subject to regulatory approval. All options are subject to a four month hold period from the date of grant.


TNR is a diversified base metals, precious metals, and energy exploration company focused on identifying new prospective projects worldwide with a large portfolio of 15 properties in Argentina and well as overseeing the exploration and development of the Iliamna and Shotgun projects in Alaska through its new wholly owned US subsidiary, Bristol Exploration Co. Inc.

Even as a global slowdown grips the economy, a clear shift to energy efficient solutions and power conservation will reveal that TNR well positioned to benefit our shareholders.

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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