Thursday, May 27, 2010

TNR Gold Corp. Updates Meeting Date for Approval of Spin-Out of International Lithium Corp. and Record Date TNR.v, CZX.v,, WLC.v, CLQ.v, RM.v, F

"TNR Gold Corp. Updates Meeting Date for Approval of Spin-Out of International Lithium Corp. and Record Date

Press Release Source: TNR Gold Corp. On Wednesday May 26, 2010, 8:27 pm EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 26, 2010) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) is pleased to announce that further to its news release on April 12, 2010, we have changed our meeting date to June 22, 2010 for shareholder approval of the previously announced (April 27, 2009) spin-out of TNR's lithium and rare metal assets into its wholly-owned subsidiary, International Lithium Corp. ("ILC") under a court approved plan of arrangement. TNR shareholders of record on the date of the spin-out, planned for July 2010, will receive one share and one fully tradeable warrant of International Lithium Corp. for every 4 shares of TNR held.
The spin-out is subject to the approval of the TSX Venture Exchange, the B.C. Supreme Court and shareholders of TNR. TNR shareholders were mailed an information circular today describing the key terms of the proposed spin-out with a planned completion within 60 days of the meeting date. The documents, including the signed Arrangement Agreement, were filed on SEDAR on May 25, 2010. We encourage all interested parties to review the Arrangement Agreement and Information Circular in their entirety on our website or SEDAR. A link for this information is as follows:

International Lithium Corp., currently a wholly-owed subsidiary of TNR, is a mineral exploration company diversified geographically and by resource type. With projects spanning the globe from Argentina, USA, Canada, and Ireland, ILC will offer investors the potential upside of rapid advancement of ILC's lithium brine projects and recognized valuation of ILC's rare metals pegmatite projects.
TNR is a diversified metals exploration company focused on identifying and exploring its existing properties and identifying new prospective projects globally. TNR has a total portfolio of 18 projects, of which 9 will be included in the proposed spin-off of International Lithium Corp.
The recent acquisition of lithium and other rare metals projects in Argentina, Canada, USA and Ireland confirms TNR and ILC's commitments to generating projects, diversifying their markets, and building shareholder value.
On behalf of the board,
Gary Schellenberg, President
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.
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
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."
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