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TNR Gold Corp.: TNR Gold Closes $500,000 Flow Through Private Placement

^{Published on 2009-08-14 10:45:40, Last Modified on 2009-08-14 10:45:49 - Market Wire}
 

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 14, 2009) - TNR Gold Corp. (TSX VENTURE:TNR) ("TNR" or the "Company") is pleased to announce the closing of a brokered private placement previously announced on August 4th, 2009 and led by Byron Securities Limited (the "Agent"), which has resulted in gross proceeds to the Company of $500,000 (the "Offering").

The offering consisted of the issuance of 2,000,000 flow-through shares of the Company at a price of $0.25 per flow-through share for gross proceeds of $500,000. As consideration for acting as agent, the Agent received a cash commission of 7% of the gross proceeds raised. In addition, the Agent was issued 200,000 agent's warrants (the "Agent's Warrants"). Each Agent's Warrant entitles the holder to acquire one non-flow through common share of the Company at an exercise price of $0.25 per common share until February 14, 2011.

All of the securities issued pursuant to the Offering are subject to a four month hold period expiring on December 15, 2009.

Proceeds of Offering will be used to fund TNR's exploration projects in Canada.

ABOUT TNR

TNR is a diversified metals exploration company focused on identifying and exploring existing properties in Argentina and Alaska and new prospective projects globally. Upon approval of pending licences in Ireland, TNR will have a total portfolio of 32 projects, of which 16 will be included in the proposed spin-off of International Lithium Corp.

It is anticipated that TNR shareholders of record will receive one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit [ http://www.internationallithium.com ].

The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland 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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.