TNR Gold: Early Warning Report Issued Pursuant to National Instrument 62-103 Acquisition of Shares of International Lithium Corp. ilc.v tnr.v, czx.v, cgp.v, alk.ax, lmr.v, rm.v, nup.ax, srz.ax, usa.ax, jnn.v, abn.v, ura.v, mxr.v, tsla, res, mcp, avl.to, quc.v, cee.v, sqm, fmc, roc, li.v, wlc.v, clq.v, lit, nsany, byddf, gm, dai, rno.pa, hev, aone, vlnc

  "Insiders can sell in a lot of circumstances, but they will buy only when they see the value with all available to them information. International Lithium is holding well above its IPO price of 0.25CAD. Trading volume is very low as shares of ILC are still in transition to the accounts of TNR Gold shareholders, but the company is getting on the radar screens now and we have another endorsement from its largest shareholders.

"TNR Gold Corp.: International Lithium Corp. Spin-Out Approved and Record Date Set. Gary Schellenberg and Mike Sieb have built a very impressive group surrounding TNR Gold. Now we have the Strategic investor from China - Ganfeng Lithium - on board of this Lithium development story. Major shareholder of TNR Gold - Kirill Klip - is sitting tight and buying into International Lithium IPO; and financing is oversubscribed. Just last week another Insider announced his holding in TNR Gold with more than 10% - this story is getting traction among mining and energy industry insiders. Nova Gold is on board as well with stake just below 10% after transaction with Shotgun Gold deposit in Alaska and Barrick Gold is mentioned among shareholders.

  TNR Gold will hold 30% in International Lithium post IPO and "Big Copper in Argentina" - Los Azules developments are just around the corner now.

  Now it will be up to Mike Sieb - President of International Lithium - to show his magic one more time. He has built before Brilliant Mining into the 200 mil market cap in the Nickel business.

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.

Early Warning Report Issued Pursuant to National Instrument 62-103 Acquisition of Shares of International Lithium Corp.

05/31/2011 

Vancouver B.C.: TNR Gold Corp. (the “Company”). This press release is being disseminated as required by National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with the filing of an early warning report (the “Early Warning Report”) regarding the acquisition of the International Lithium Corp.’s (“ILC”) securities by the Company.

As a result of a non-brokered private placement (the “Private Placement”), option agreement between the

Company and ILC dated May 19, 2011 (the “Mariana Option Agreement”) and a plan of arrangement (the “Arrangement”) between the Company and ILC, all of which closed on May 19, 2011, the Company acquired 19,000,000 common shares of ILC and 19,000,000 share purchase warrants of ILC.

The Company acquired 2,000,000 common shares and 2,000,000 share purchase warrant of ILC pursuant to the

Private Placement, as a result of the Company’s subscription for 2,000,000 units (each a “Unit”) at a price of $0.25 per Unit. Each Unit consisted of one common share and one share purchase warrant (a “Warrant”).

Each Warrant entitles the holder to acquire an additional share (a “Warrant Share”) of ILC at any time before May 19, 2013, at an exercise price of $0.375 per Warrant Share.

The Company acquired 7,000,000 common shares and 7,000,000 Warrants of ILC pursuant to the Mariana Option Agreement and 10,000,000 common shares and 10,000,000 Warrants pursuant to the Arrangement.

Currently, the Company beneficially owns 19,000,000 common shares and 19,000,000 Warrants (the

“Securities”) of ILC, representing approximately 28.83% of the issued and outstanding voting securities of ILC on a non-diluted basis and 44.76% of the issued and outstanding securities of ILC, assuming exercise of the 19,000,000 Warrants held by the Company.

The Securities were acquired for investment purposes and the Company may increase or decrease its beneficial ownership or control depending on market or other conditions.

A copy of the Early Warning Report may be found on www.SEDAR.com

ABOUT TNR GOLD CORP. / INTERNATIONAL LITHIUM CORP

TNR is a diversified international mineral exploration company focusing on the advancement of existing properties and identifying and acquiring new prospective projects. TNR has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, will be held or optioned to TNR's wholly owned subsidiary ILC upon completion of the Plan of Arrangement.

The objective of the Plan of Arrangement is to spin-out TNR's rare metals property interests into a separate public company, ILC. The Plan of Arrangement has been approved by TNR's shareholders, the courts of British Columbia and the TSX Venture Exchange. For further details of the spin-out, please visit International Lithium's website and TNR’s information circular dated May 10, 2010 which is available on the SEDAR website at www.sedar.com.

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

On behalf of the board,

Gary Schellenberg

President – TNR Gold Corp.

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. 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."

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