TNR Gold Appoints Bilal Shirazi To Advisory Board
NEWS RELEASE
TNR Gold Appoints Bilal Shirazi To Advisory Board
Vancouver B.C. October 10, 2019: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “ TNR Gold ” or the
“Company”) is pleased to announce that it has appointed Bilal Shirazi to the Company’s Advisory
Board.
Bilal Shirazi is a strategic partnership professional with a vast working experience at global technology
companies and will be assisting the Company in identifying new strategic opportunities and providing
in-depth technology oversight.
Bilal is an avid investor and will be using his extensive network to assist in bui lding TNR’s investor
base. Mr. Shirazi will work closely with the Company on developing the existing TNR assets and
evaluating emerging opportunities for the Company. He is currently Director of Strategic Partnerships at
Tulip and was formerly Director of Digital Platform Management at Rogers Communications. Mr. Shirazi
graduated from the University of Waterloo with an Honours degree in Math/Computer Science and is
enrolled in an Executive MBA at the Smartly Institute.
“This year, we have expanded the TNR Gold team with like-minded professionals who share our values
of honour, commitment and loyalty to our Company. The Advisory Board consists of specialists who
have a unique set of skills and will increase access to new business networks, which are crucial for th e
success of TNR, and build access to new sources of capital,” stated Kirill Klip, Executive Chairman.
“Our priorities at this stage continue to be increasing our shareholder base and creating access to
additional capital. I would like to welcome Bilal, a significant shareholder of our Company, in his new
role, and we will be working closely to introduce the Company to new investment communities and
create strategic partnerships.”
ABOUT TNR GOLD CORP.
TNR Gold Corp. is working to become the green energy metals royalty company.
Over the past twenty -three years, TNR, through its lead generator business model, has been
successful in generating high -quality exploration projects around the globe. With the Co mpany’s
expertise, resources and industry network, it identified the potential of the Los Azules copper project in
Argentina and now holds a 0.36% NSR Royalty on the entire project, which is being developed by
McEwen Mining Inc.
In 2009, TNR founded International Lithium Corp. (“ILC”), a green energy metals company that was
made public through the spin-out of TNR’s energy metals portfolio in 2011. ILC holds interests in lithium
projects in Argentina, Ireland and Canada.
1111 Melville Street, Suite 1100
Vancouver, British Columbia
V6E 3V6, Canada
T: +1 (604) 229-8129
E-mail: [email protected]
Website: http://www.tnrgoldcorp.com
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TNR retains a 1.8% NSR Royalty on the Mariana Lithium Project in Argentina. ILC has a right to
repurchase 1.0% of the NSR Royalty on the Mariana Lithium Project, of which 0.9% relates to the
Company’s NSR Royalty interest. The Company would receive $900,00 0 on the completion of the
repurchase. The project is currently being advanced in a joint venture between ILC and Ganfeng
Lithium International Co. Ltd.
TNR provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project
in Alaska. The project is located in South western Alaska near the Donlin Gold project, which is being
developed by Barrick Gold and Novagold Resources Inc.
The Company’s strategy with Shotgun Gold Project is to attract a joint venture partner ship with one of
the gold major mining companies. The Company is actively introducing the project to interested parties.
At its core, TNR provides significant exposure to gold, copper and lithium through its holdings in Alaska
(the Shotgun Gold porphyry pr oject) and Argentina (the Los Azules copper and the Mariana Lithium
projects) 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 +1 604-229-8129
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 co ntains 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”, “coul d”
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, changes in share capital, market conditions for energy commodities, the results of
McEwen Mining’s and ILC’s PEAs, and improvements in the financial performance of the Company.
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 a nd annual Management’s Discussion and
Analysis which are available under the Company’s profile on www.sedar.com. While management
believes that the assumptions made and reflected in this news release are reasonable, should one or
more of the risks, uncerta inties or other factors materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in forward -looking information. In
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particular, there can be no assurance that: TNR will be able to repay its loan s or complete any further
royalty acquisitions or sales; debt or other financing 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 challenging in the future 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 Mining Inc. and
International Lithium Corp. 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 s tatement. Except as required by law, the Company
assumes no obligation to update forward -looking information should circumstances or management’s
estimates or opinions change.