Further to the news release of TNR Gold Corp. (“TNR” or the “Company”) on February 28, 2007, the Company announces that the brokered private placement led by Pacific International Securities Inc. of up to 10,000,000 units (“Units”) priced at $0.20 per Unit has been increased to up to 12,500,000 Units, for gross proceeds of up to $2,500,000. Each Unit consists of one common share and one-half of one transferable common share purchase warrant. Each whole such warrant will entitle the holder to purchase one additional common share of the Company for two years following closing at a price of $0.30 for the first year and $0.50 for the second year. All other terms of the offering will remain the same as previously announced. The offering remains subject to the approval of the TSX Venture Exchange.
On Behalf of the Board,
Gary Schellenberg,
Director
The TSX Venture Exchange has not reviewed and does not accept 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. 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.