TNR Gold Appoints Deputy Chairman and Provides Los Azules Update
TNR Gold Appoints Deputy Chairman and Provides Los Azules Update
Vancouver B.C. May 25, 2017: TNR Gold Corp. (TSX-V: TNR) (“TNR” or the “Company”) is
pleased to announce the appointment of John Wisbey as Deputy Chair man. Mr. Wisbey has
been a Director of the Company since July 2016, and an investor since 2015.
Mr. Wisbey is a technology entrepreneur and ex-banker. He founded two London AIM listed
companies; IDOX plc, which provides software for Local Authority planning applications, and
Lombard Risk Management plc, which creates software for risk management and regulation.
He also recently established Convendia Ltd., an early stage private company which specializes
in cashflow management and contingent cashflow evaluation. He was formerly a banker at
Kleinwort Benson, where he held various roles, including a Dir ector in the Derivatives Group,
Head of Options and corporate lending. Mr. Wisbey has acted as a public company Chair man,
CEO or Director for seventeen years. He is a graduate of Cambridge University.
Kirill Klip, the Company’s Executive Chairman commented, “TNR Gold is moving to the next
stage as a public compan y and will advance strategic market opportunities for its royalty
holdings in McEwen Mining’s Los Azules Copper project in Argentina as well as other royalties
and strategic stakes in its investment projects. The Company will be expanding its reach in
overseas markets such as London in order to facilitate the active management of its projects
portfolio.”
Mr. Wisbey will oversee the Company’s capital market operations and strategic transactions.
Los Azules Project, Argentina
In a news release dated May 4, 2017, McEwen Mining Inc. (“MM”) reported on its 100% owned
Los Azules copper project, located in San Juan province, Argentina . MM reported, “we spent
$6.3 million at the Los Azules project on a combination of infill and exploration drilling,
significant advances were made in determining the best logistics, power and infrastructure
options and further economic and engineering modeling of the production. Results from the
drilling campaign are expected to be finalised during the second half of 2017.”
TNR holds a 0.36% Net Smelter Returns Royalty (“NSR”) on the Los Azules project.
Information on MM, including news releases, is available under the MM profile on SEDAR at
www.sedar.com and on the MM website, where further details of the Los Azules project can be
found.
Other News
1111 Melville Street, Suite 1100
Vancouver, British Columbia
V6E 3V6, Canada
T: 604-700-8912
E-mail: [email protected]
Website: http://www.tnrgoldcorp.com
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The Company announces that Patricia Fong has resigned as Chief Financial Officer for
personal reasons . She will continue to assist the Company on a part -time basis in a non -
executive role.
In a news release dated April 7, 2017 the Company listed its ownership of a NSR royalty in the
Mariana project, a joint venture between Ganfeng Lithium International Co. Ltd. and
International Lithium Corp., to be 2% whereas the royalty interest is 1.8%.
ABOUT TNR GOLD CORP.
Over the past twenty -two years, TNR, through its lead generator business model, has been
successful in generating high quality exploration projects around the globe. With the
Company'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 on the prospect.
TNR is also a major shareholder of International Lithium Corp. (TSX:ILC) (“ILC”), with current
holdings of approximately 15% of the outstanding shares of ILC. ILC holds interests in lithium
projects in Argentina, Ireland and Canada.
TNR retains a 1.8% NSR on ILC’s Mariana property in Argentina. ILC maintains a right to
repurchase 1.0% of the NSR on the Mariana property of which 0 .9% relates to the Company’s
NSR interest. The Company would receive $900,000 on execution of the repurchase . The
project is currently being advanced in a joint venture between ILC and Ganfeng Lithium
International Co. Ltd.
At its core, TNR provides signif icant exposure to gold and copper through its holdings in
Alaska (the Shotgun gold porphyry project) and Argentina , and is committed to 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 +1 604-700-8912
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 fa ct, 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. Such forward-looking information is based on a number of
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assumptions and subject to a variety of risks and uncertainties, including but not limited to
those discussed in the sections entitled “Forward -Looking Statements” in the interim and
annual Management’s Discussion and Analysis which are available at www.sedar.com. While
our management believes that the assumptions made are reason able, 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. 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 obligation to update forward -looking information
should circumstances or management’s estimates or opinions change.