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TNR Gold Appoints Nicholas Winton to Advisory Board

Management Changes

NEWS RELEASE

TNR Gold Appoints Nicholas Winton to Advisory Board

Vancouver B.C. December 17, 2018: TNR Gold Corp. (TSX-V: TNR) (“TNR” or the “ Company”) is

pleased to announce that it has appointed Nicholas Winton to the Company’s Advisory Board.

Nicholas Winton is a business research analyst who will be assisting the Company with identifying new

projects with investment opportunities and royalty streams. Mr. Winton began working in the private

investment arena where he quickly established a reputation for uncovering u ndervalued equities with a

combination of fundamental and technical analysis within his theories of investor contagion and

behavioural patterns in his ‘Hedgehog Trader’ newsletter. From private practice, which includ es

assisting a premier financial manager in New York, Mr. Winton joined ‘INK Research’ in 2011 where

along with his newsletter he provides reports and key research to a highly sophisticated investment

clientele on a variety of topics including commodities, market trends, technical ana lysis and i n-depth

analysis on the mining and exploration sector, speciali zing in connecting investors and market

opportunities, including gold and emerging energy metals sectors. Mr. Winton graduated from the

University of Toronto.

"For the last few months, we have been building the TNR Gold Team with like -minded professionals

who share our values of honour, commitment and loyalty to our Company. The Advisory Board will

allow us to assemble specialists with a unique set of skills and access to the new business networks ,

which are crucial for the successful active management of our royalty portfolio ," stated Kirill Klip,

Executive Chairman. "Our priority at this stage is increasing our shareholder base and access to

additional capital. We will be working closely with Nicholas in order to integrate the Company in the

investment communities and generate new M&A opportunities for TNR."

ABOUT TNR GOLD CORP.

TNR Gold Corp. is working to become a green energy metals royalty company.

Over the past 22 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 Az ules copper project in Argentina and now

holds a 0.36% NSR royalty on the entire project, which is being developed by McEwen Mining Inc.

TNR holds a strategic stake in International Lithium Corp. (“ILC”), a green energy metals company that

was created through the spin-out of TNR’s energy metals portfolio in 2011. ILC holds interests in lithium

projects in Argentina, Ireland and Canada.

TNR retains a 1.8% NSR royalty on the Mariana Lithium Brine Property in Argentina. ILC has a right to

repurchase 1.0% of th e NSR royalty on the Mariana Lithium property of which 0.9% relates to the

Company’s NSR interest. The Company would receive $900,000 on the execution of the repurchase.

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 project is currently being advanced in a joint venture between ILC and Ganfeng Lit hium

International Co. Ltd.

At its core, TNR provides significant exposure to gold, copper and lithium through its holdings in Alaska

(the Shotgun gold porphyry project) and Argentina, 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 +1 604-700-8912

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 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 t hese 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 and annual Management’s Discussion and

Analysis which are available under the Company’s profile on www.sedar.com. While management

believes that the assum ptions 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 be able to repay its loans 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. 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 ordin ary 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.

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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. Ex cept as required by law, the Company

assumes no obligation to update forward -looking information should circumstances or management’s

estimates or opinions change.