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TNR.V ·

TNR Gold Corp. Reports Results of 2017 Annual General Meeting

Shareholder Meetings

NEWS RELEASE

TNR Gold Corp. Reports Results of 2017 Annual General Meeting

Vancouver, B.C., November 20, 2017: TNR Gold Corp. (TSX-V: TNR) (“TNR” or the “Company”) is

pleased to announce that all resolutions proposed at the Company’s annual general meeting of

shareholders held on November 20, 2017 were passed. All agenda items outlined in the information

circular for the meeting were approved and all directors stand ing for election were re -elected. The

directors elected for the ensuing year were Maurice Brooks, Greg Johnson, Kirill Klip, Ross Thompson

and John Wisbey.

In addition, the Board of Directors has reappointed Kirill Klip as Chairman and Chief Executive Officer,

John Wisbey as Deputy Chairman, Maurice Brooks as Interim Chief Financial Officer, Anthony Kovacs

as Chief Operating Officer, and Nancy La Couvée as Corporate Secretary.

ABOUT TNR GOLD CORP.

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

royalty on the prospect.

TNR is also has a strategic stake in International Lithium Corp . (“ILC”). ILC holds inter ests in lithium

projects in Argentina, Ireland and Canada.

TNR retains a 1.8% NSR royalty on the Mariana Lithium property in Argentina. ILC maintains a right to

repurchase 1.0% of the 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 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 significant exposure to gold, copper and lithium 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

1111 Melville Street, Suite 1100

Vancouver, British Columbia

V6E 3V6, Canada

T: 604-700-8912

E-mail: [email protected]

Website: http://www.tnrgoldcorp.com

2

27962973.2

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 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

McEwan Mining’s PEA, 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 assumptions made and reflected in this n ews 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 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 uncertai nties, 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. or its joint venture partner, Ganfeng Lithium 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 t heir 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.