VANCOUVER, British Columbia,
Oct. 2, 2012 /PRNewswire/
-- TNR Gold Corp. (the "Company" or
"TNR") (TSXV: TNR) is pleased to announce the
appointment of Mr. Greg Johnson to
its Board of Directors. Mr. Johnson has over 25 years of
international mining industry experience in corporate finance,
project development, and exploration. Mr. Johnson has acted as a
director of several Canadian listed development stage resource
companies with assets in North
America, South America and
Africa. Previous roles include
President and CEO of South American Silver Corp., co-founder and
executive at NovaGold Resources and senior roles in domestic and
international exploration for Placer Dome Inc. (now Barrick Gold) including a key role in the
discovery and advancement of the 40 million ounce Donlin gold
deposit in Alaska.
Gary Schellenberg, President, CEO
commented: "The addition of Mr. Greg
Johnson to the board of TNR Gold is the next step towards
our commitment to increasing shareholder value. Mr. Johnson's
extensive experience in Alaska
particularly his involvement at the Donlin gold project adds to the
expertise on the board and management to drive TNR's core projects
forward. The encouraging results from this year's drill
program at the Shotgun property in Alaska are demonstrating the significant scale
and potential of the deposit which is an intrusive related system
similar in style to the world class Donlin gold deposit. In
addition, Mr. Johnson's experience as a senior mining executive in
South America will be valuable to
advise the board on issues pertaining to the ongoing legal dispute
over Los Azules Copper Gold property in Argentina."
As a result of the company's recent exploration success in
Alaska it has reassessed its very
large property portfolio in order to focus on its core assets in
Alaska, Argentina and Canada. After careful review and evaluation of
its portfolio of properties, the company has elected not to proceed
with the El Tapau and El Salto option agreements in Argentina. The company intends on monetizing
or joint venturing all of its other non core holdings.
The Los Azules litigation date has been set for November 19th, 2012 at the BC Supreme
Courts.
About TNR Gold Corp.
Over the past twenty-one years TNR, through its lead generator
business model, has been successful in generating high quality
exploration projects around the globe. With the Company's
expertise, resources and industry network, it is well positioned to
aggressively identify, source, explore, partner and continue to
expand its project portfolio.
TNR's recently listed subsidiary, International Lithium Corp.
(TSX:ILC.V), demonstrated the successful application of TNR's
business model in which TNR shareholders benefited from a unit
distribution upon spin-out of TNR's lithium and rare metals
projects. Gangeng Lithium Co. Ltd. Is a leading China based, multi-product lithium
manufacturer, and strategic partner and investor in ILC. TNR
remains a large shareholder in ILC at 25.5% of outstanding
shares.
At its core, TNR provides significant exposure to gold and
copper through its holdings in Alaska and Argentina; and teamed with the recent
acquisitions of rare-earth elements and iron ore projects in
Canada confirm TNR's commitment to
continued generation of in-demand projects, while diversifying its
markets and building shareholder value.
On behalf of the board,
Gary Schellenberg
President
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. 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.
Symbol: TNR:TSXV
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
620 - 650 West Georgia Street
Vancouver, British Columbia
V6B 4N9, Canada
Voice: (604) 687-7551
Fax: (604) 687-4670
1-800-667-4470
E-mail: info@tnrgoldcorp.com
Website: http://www.tnrgoldcorp.com
SOURCE TNR Gold Corp.
