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TNR Gold Corp.: TNR Gold/International Lithium Retain Advisors on Lithium-Brine Project in Argentina

^{Published on 2009-08-21 07:12:21, Last Modified on 2009-08-21 07:12:23 - Market Wire}
 

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 21, 2009) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR) and wholly-owned International Lithium Corp. ("ILC") are pleased to announce GEOS Mining Mineral Consultants of Sydney, Australia have been contracted as advisors for the exploration and development program on TNR's 100% optioned Mariana project in Argentina. The first phase exploration and development program will commence at the end of August with planned completion in late October 2009. Upon completion of this phase of the program, a 43-101 report will be prepared enabling TNR to initiate the previously announced spin-off of International Lithium Corp.

GEOS Mining is an Australian geological consultancy company specializing in the preparation of commodity resource estimations, which are recognized by stock exchanges around the world. GEOS Mining is one of the few geological consulting companies in the world with experience in lithium resource calculations from brines.

ABOUT THE MARIANA PROJECT

The Mariana project, a lithium-boron salar, is accessible year round by paved and dirt roads located 120 kilometres west of Tolar Grande in Salta province, Argentina. Historical sampling has reported significant lithium, boron, and potash levels in brines and sediments within the main body of the salar. Salares, or salt lakes, contain minerals dissolved in brines and some include buried layers of evaporite minerals. Salares host some of the largest known lithium and boron resources in the world. Lithium can be produced from economical grade brines pumped directly from Salares without need for the costly and time consuming process of mine construction. The project consists of several contiguous mineral claims over 120 square kilometres covering the entire salar, which extends over 12 kilometres north-south and 10.5 kilometres east-west.

Mr. John Harrop is the Company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.

ABOUT TNR AND ILC

TNR is a diversified metals exploration company focused on identifying and exploring existing properties and new prospective projects globally. TNR has 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.