Wednesday, June 23, 2010

TNR Gold Comments on Minera Andes Mineral Resource Increase at Los Azules Project TNR.v,, CZX.v, GG, AUY, FCX,, RTP, BVN,

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TNR Gold Comments on Minera Andes Mineral Resource Increase at Los Azules Project

Press Release Source: TNR Gold Corp. On Tuesday June 22, 2010, 7:22 pm EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 22, 2010) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) announces that it has become aware of a news release issued by Minera Andes Inc. ("MAI") on June 21, 2010 disclosing an increase in the inferred and indicated mineral resources at the Los Azules Project.

As most recently disclosed by the Company in its press release of May 17, 2010, the Company is involved in a legal dispute with MAI regarding TNR's interest in the Project. As a result, a qualified person of TNR (within the meaning of National Instrument 43-101) has not been able to verify the information disclosed by MAI, and, thus, such information should not be relied upon by TNR shareholders.

The Los Azules project is an advanced exploration project in Argentina. TNR's wholly owned subsidiary, Solitario Argentina S.A., has served notice exercising its 25 per-cent back-in right to certain of the properties comprising the Project. Solitario's right to back into the properties is the subject of a lawsuit filed by Minera Andes, and the terms of the back in right are the subject of litigation between Solitario and Xstrata.


TNR and International Lithium Corp. ("ILC") are diversified metals exploration companies focused on exploring existing properties and identifying new prospective projects globally. TNR has a portfolio of 18 active projects, of which 9 will be included in the proposed spin-off of International Lithium Corp. For further details of the spin-off please refer to TNR's May 26, 2010 news release or visit

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the companies' commitments to generating projects, diversifying its markets, and building shareholder value.

On behalf of the board,

Gary Schellenberg, President

Cautionary Language and Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward-looking statements. There is no assurance that the Company will be successful in the current litigation with respect to the Project. This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration."
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