Vancouver B.C.: TNR Gold Corp. (“TNR” or the “Company”) wishes to advise that, with respect to its Press Release dated April 16, 2008, title to the property described as “Escorpio IV” is currently the subject of a dispute with MIM Argentina Exploraciones S.A. (“Xstrata Copper”). Xstrata Copper claims that title to the Escorpio IV property is included within the property (the “Property”) over which Xstrata Copper, on April 23, 2007, earned a 100% interest from TNR, pursuant to the terms of an exploration and option agreement between the parties effective as of May 15, 2004. Escorpio IV is presently registered in Solitario Argentina S.A., TNR’s wholly owned subsidiary in Argentina. Pending a resolution of this dispute, TNR announces that it will postpone all work on the Escorpio IV property. TNR has a 25% back-in right applicable to all the property Xstrata optioned from TNR. The Back-In Right is conditional upon Xstrata Copper completing a feasibility study on any part of the Property no later than April 23, 2010. TNR may exercise the Back-In Right within 120 days of notification from Xstrata Copper that Xstrata Copper has completed the feasibility study.
ESCORPIO IV PROPERTY
The subject property is adjacent to the eastern border of the Los Azules property, currently being drilled by Minera Andes Inc. Los Azules is located near the Argentina/Chile border in San Juan province, Argentina.
ABOUT TNR GOLD CORP.
TNR is a base and precious metals exploration company focused on aggressively identifying new prospective projects as well as fostering work on its large portfolio of 17 properties in Argentina and Alaska. The company’s focus over the next 12 months is the exploration and development of its Eureka, El Salto, and El Tapau in Argentina and Shotgun project in Alaska.
On behalf of the board,
Gary Schellenberg
President
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news 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.