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TNR Gold Corp.: TNR Gold Corp. Granted Eight Lithium Pegmatite Belt Licenses in Ireland/Commences Exploration Program

^{Published on 2009-08-17 16:55:17, Last Modified on 2009-08-17 16:55:27 - Market Wire}
 

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 17, 2009) - TNR Gold Corp. (TSX VENTURE:TNR) ("TNR" or the "Company") is pleased to announce the successful completion of the granting process by the Irish government for eight licences to explore the Leinster Pegmatite Belt in southeast Ireland. Ireland has a well established and mining friendly history which has attracted a number of major mining companies. The areas covered by the licences total 292 square kilometers and are located in counties Carlow and Wicklow. Access to the licenced area is by a network of good roads across a rural, farming area.

The areas can be seen on the following map - [ http://www.tnrgoldcorp.com/i/pdf/TNR-Ireland.pdf ]

The receipt of the licences initiates the Blackstairs Lithium-Tantalum Project which will focus on evaluation of the approximately nineteen pegmatites that make up the Leinster Pegmatite Belt for lithium, tantalum and related rare elements. Lithium was first located in this area during base metal exploration in the 1970s, with at least three of the pegmatites drilled. Lithium occurs as both spodumene and lepidotlite with the latter mineral found more in the northern part of the belt.

Since the lithium exploration in the 1970s attention of subsequent explorers has focused on tantalum, particularly in the southern half of the belt. In addition, anomalous values in niobium, tin and cesium have been reported.

TNR plans an exploration program to confirm earlier drilling results, systematically evaluate all the pegmatite bodies for the full suite of potential minerals, and follow-up results and recommendations from earlier reconnaissance programs. An experienced geological team sourced from Ireland and Canada will apply pegmatite exploration methods proven in Canada to re-evaluate the Leinster Pegmatite Belt in Ireland.

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 and exploring existing properties in Argentina and Alaska and new prospective projects globally. TNR now has a total portfolio of 32 projects, of which 16 will be included in the proposed spin-off of International Lithium Corp.

It is anticipated that TNR shareholders of record will receive one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit [ http://www.internationallithium.com ].

The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the Company's commitment to project generation, market diversity 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.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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.