TNR Gold Announces Appointment of Director
NEWS RELEASE
TNR Gold Announces Appointment of Director
Vancouver, British Columbia – January 15, 2026: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold”
or the “Company”) is pleased to announce the appointment of Leopold Sutton to its Board of Directors.
Mr. Sutton brings nearly a decade of experience in business transformation consulting, including the
design and delivery of enterprise-wide change programs across FTSE 100 organizations. His analytical
work has spanned business case development, impact assessments, and governance oversight for
complex business transformations.
He holds a Chartered Global Management Accountant (CIMA) designation from the Chartered Institute
of Management Accountants , an M.A. in Transformational Leadership from Canterbury Christ Church
University, and a B.Sc. in Combined Honours in Natural Sciences from the University of Durham.
The Company also announces th e resignation of Tobias Higgins from the Board of Directors , to
accommodate his new professional commitments . Kirill Klip, the Company’s Executive Chairman,
commented, “On behalf of the Board of Directors, we extend our sincere gratitude to Mr. Higgins for his
valuable contributions to the Company during his nearly three years of dedicated service. We wish him
continued success and fulfilment in his future endeavours.”
Mr. Klip added, “We are also pleased to welcome Mr. Sutton to the Board. His extensive expertise in
complex business transformations, particularly in financial transformation consulting, will strengthen the
Company’s governance practices. His expertise will further support the Audit Committee and help ensure
we continue to adhere to best practices in financial oversight.”
ABOUT TNR GOLD CORP.
TNR Gold Corp. is working to become the green energy metals royalty and gold company.
Our business model provides a unique entry point in the creation of supply chains for critical materials
like energy metals that are powering the energy rEVolution, and the gold industry that is providing a
hedge for this stage of the economic cycle.
Our portfolio provides a unique combination of assets with exposure to multiple aspects of the mining
cycle: the power of blue-sky discovery and important partnerships with industry leaders as operators on
the projects that will potentially generate royalty cashflows to contribute significant value for our
shareholders.
#1120, 789 West Pender Street,
Vancouver, B.C.
V6C 1H2, Canada
T: +1 (604) 229-8129
E-mail: [email protected]
Website: http://www.tnrgoldcorp.com
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Over the past twenty-nine years, TNR, through its lead generator business model, has been successful
in generating high -quality global exploration projects. With the Company ’s expertise, resources and
industry network, the potential of the Mariana Lithium Project and Los Azules Copper Project in Argentina,
among many others, have been recognized.
TNR holds a 1.5% NSR royalty on the Mariana Lithium Project in Argentina, of which 0.15% of such NSR
royalty is held on behalf of a shareholder of the Company . Ganfeng Lithium ’s subsidiary, Litio Minera
Argentina (“LMA”), has the right to repurchase 1.0% of the NSR royalty on the Mariana Project, of which
0.9% is the Company ’s NSR royalty interest. The Company would receive CAN$900,000 , and its
shareholder would receive CAN$100,000 on the repurchase by LMA, resulting in TNR holding a 0.45%
NSR royalty and its shareholder holding a 0.05% NSR royalty.
The Mariana Lithium Project is 100% owned by Ganfeng Lithium. The Mariana Lithium Project has been
approved by the Argentina provincial government of Salta for an environmental impact report. Ganfeng
officially inaugurated Mariana Lithium ’s start of production at a 20,000 tons -per-annum lithium chloride
plant on February 12, 2025.
TNR Gold also holds a 0.4% NSR royalty on the Los Azules Copper Project, of which 0.04% of the 0.4%
NSR royalty is held on behalf of a shareholder of the Company. The Los Azules Copper Project is being
developed by McEwen Inc.
TNR also holds a 7% NPR on the Batidero I and II properties of the Josemaria Project that is being
developed by the joint-venture between Lundin Mining and BHP.
TNR provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project
in Alaska. The project is located in Southwestern Alaska near the Donlin Gold project, which is being
developed by Barrick Gold and Novagold Resources. T he Company’s strategy with the Shotgun Gold
Project is to attract a joint venture partnership with a major gold mining company. The Company is
actively introducing the project to interested parties.
At its core, TNR provides a wide scope of exposure to gold, copper, silver and lithium through its holdings
in Alaska (the Shotgun Gold porphyry project) and royalty holdings in Argentina (the Mariana Lithium
project, the Los Azules Copper Project and the Batidero I & II properties of the Josemaria Project), and
is committed to the continued generation of in -demand projects, while diversifying its markets and
building shareholder value.
On behalf of the Board of Directors,
Kirill Klip
Executive Chairman
www.tnrgoldcorp.com
For further information concerning this news release please contact Kirill Klip +1 604-229-8129
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Neither 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.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release contains certain “forward-looking information”
within the meaning of applicable securities law. Forward -looking information is frequently characterized
by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “will”, “could” and
other similar words, or statements that certain events or conditions “may” or “could” occur, although not
all forward-looking statements contain these identifying words. Specifically, forward -looking statements
in this news release include, but are not limited to, statements made in relation to: TNR ’s corporate
objectives and future potential transactions being considered by the Special Committee and the Board ,
and the benefit that TNR’s shareholders may derive from same; TNR’s future receipt of cash flows from
its royalty holdings and the subsequent contribution of significant value to its shareholders; the possible
growth of TNR’s value; timing for its 2026 AGM; future revenue and increased valuations of TNR’s royalty
holdings caused by potential strategic alliances with major mining companies and investment institutions;
the use of potential future cash flows to fund a normal course issuer bid; the potential spin -out of the
Shotgun Gold Project; future investment of substantial capital in the development of the Shotgun Gold
Project by a potential partner of TNR; the future potential of the Kuskokwim Gold Belt in southwestern
Alaska; the possible benefits that may accrue to the Los Azules copper project; the potential acceleration
of the Los Azules project ’s potential due to Rio Tinto ’s involvement in the project; and the potential
benefits caused by delivering ‘green copper’ to Argentina and the world. Such forward-looking information
is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not
limited to those discussed in the sections entitled “Risks” and “Forward-Looking Statements ” in the
Company’s interim and annual Management’s Discussion and Analysis which are available under the
Company’s SEDAR+ profile on www.sedarplus.ca. While management believes that the assumptions
made and reflected in this news release are reasonable, should one or more of the risks, uncertainties
or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary
materially from those described in forward-looking information. In particular, there can be no assurance
that: TNR will enter into one or more s trategic transactions, partnership or a spin -out, or be able to
complete any further royalty acquisitions or sales of royalty interests, or portions thereof; debt or equity
financings will be available to TNR; or that TNR will be able to achieve any of its corporate objectives.
TNR relies on the confirmation of its ownership for mining claims from the appropriate government
agencies when paying rental payments for such mining claims requested by these agencies. There could
be a risk in the future of the changing internal policies of such government agencies or risk related to the
third parties, in future, challenging the ownership of such mining claims. Given these uncertainties,
readers are cautioned that forward -looking statements included herein are not guarantees of future
performance, and such forward-looking statements should not be unduly relied on.
In formulating the forward-looking statements contained herein, management has assumed that business
and economic conditions affecting TNR, and its royalty partners, McEwen Inc., Ganfeng Lithium and
Lundin Mining will continue substantially in the ordinary course, including without limitation with respect
to general industry conditions, general levels of economic activity and regulations. These assumptions,
although considered reasonable by management at the time of preparation, may prove to be incorrect.
Forward-looking information herein and all subsequent written and oral forward -looking information are
based on estimates and opinions of management on the dates they are made and are expressly qualified
in their entirety by this cautionary statement. Except as required by law, the Company assumes no
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obligation to update forward -looking information should circumstances or management ’s estimates or
opinions change.