TNR Gold Acquires Nevada Lithium Brine Properties

Vancouver B.C.: Following TNR Gold’s (“TNR”) philosophy of generating quality projects and its recent entry into Lithium and Rare Metals the Company is pleased to announce the acquisition by staking of the 640 acre Fish Lake Valley property in Nevada, USA.

TNR believes Fish Lake Valley has geological features similar to those which have acted as a trap for lithium brines in Clayton Valley. Chemetall-Foote Corp’s Silver Peak Operation, located in Clayton Valley 34 km east of the Property is the only lithium brine producer in North America and has been in production since 1966.

United States Geological Survey (USGS) sampling at Fish Lake Valley in 1976 found lithium brines on surface. One of these samples, located on TNR property, contained 200 parts per million (ppm) lithium. This falls within the range of concentrations reported to be used for production ponds at Chemetall-Foote’s plant in Clayton Valley. To date, Chemetall-Foote’s Silver Peak operation is estimated to have produced 234,000 tonnes of lithium carbonate at a rate of approximately 5,700 tonnes per year.

The presence of lithium bearing surface brines shows that modern Fish Lake Valley has geological and climatic conditions where lithium brine can form. At Clayton Valley drilling conducted by USGS and Chemetall-Foote has shown that as climatic conditions went through cycles, successive layers of lithium bearing evaporite were deposited.

During 1979, the USGS conducted drilling operations in Fish Lake Valley as part of a lithium study. One of those holes, located on TNR property, returned 21 ppm lithium in water at 16.8 metres depth. This level of lithium in water is anomalous and similar to those found in Clayton Valley in proximity to subsurface brines.

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

TNR is a diversified metals exploration company focused on identifying new prospective projects globally with 20 properties currently in its portfolio.

In anticipation of the surging international lithium demand in various high tech and efficient energy applications, TNR has actively pursued an aggressive global acquisition strategy for Lithium and Rare Metals projects of merit. This further confirms the company’s commitment to project generation, market diversity, and building shareholder value.

On behalf of the board,

Gary Schellenberg

President