Vancouver B.C.: TNR Gold Corp. (“TNR” or the “Company”) has revised the price of its brokered private placement (the “Private Placement”) previously announced February 22, 2008 to reflect current market conditions. The Private Placement will now consist of up to 9,500,000 units (the “Units”), priced at $0.35 per Unit for gross proceeds of up to $3,325,000 (the “Offering”). Each Unit consists of one common share and one-half of one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.50 for a period of eighteen months from the date of closing. The over-allotment option granted to PI Financial Corp. for up to 2,000,000 additional units has been eliminated. All other terms of the Private Placement announced on February 22, 2008 will remain the same.
The Offering is subject to TSX Venture Exchange approval and any regulatory approvals.
Proceeds of the private placement will be used to fund TNR’s exploration projects in South America, and for general corporate purposes.
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 16 properties in Argentina and Alaska. The company’s focus over the next 12 months is the exploration and development of its Eureka, El Salto, El Tapau and Escorpio IV properties 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.