TNR Gold owns the Shotgun gold project in Alaska which hosts a historic resource estimate of 980,000 ounces of gold. Drilling in 2012 expanded the known mineralization at the Shotgun Ridge prospect and confirmed the structural model of southwest dipping mineralized zones. 3D IP and resistivity surveys identified additional exploration targets along strike and at depth, indicating potential to significantly increase the resource size. TNR's goal is to define a multi-million ounce bulk mineable gold deposit like Fort Knox through additional exploration and drilling.

1. Shotgun Gold Project – Alaska
October, 5 2012

2. Company Overview
“Lead Project Generator”
• Mineral Exploration:
– Precious Metals and Base Metals
– Strategic Focus on Rare Metals and Rare Earth Elements
• Proven Business Model:
– Early Identification and Acquisition of Mineral Prospects
– Selectively Advance Projects Internally
– Employ JV Partnerships to Diversify Costs and Risk
– Maximum Value Achieved Over Minimum Period of Time
• 65% Owned by Insiders and Management
• Experienced Management Team

3. Corporate Structure
Minera Solitario Argentina
Generating
Unlocking Projects
Cu-Au
Quality
Value
International Lithium Corp.
(ILC:TSX.V)
Asset Base
Li + Rare Metals
(25.5% Equity owner)
ILC Spinoff
TNR GOLD CORP.
TNR.TSXV Successfully Listed
Amerigold Corp. May 24, 2011
Alaskan Projects
Au TNR shareholders
Multi-Commodity
received 1 unit for
Multi-Jurisdiction
every 4 shares of
Exposure TNR Rare Earth
Canada TNR held
REE
TNR Iron Ore
Canada
Soules Bay Iron Project
Fe

4. Project Locations
ALASKA
Shotgun
Iliamna Big Beaverhouse
Soules Bay
Vancouver
Seabrook Lake
LEGEND Northern Project
La Ortiguita
Au ARGENTINA
Los Azules
REE San Jaun
Au-Cu
Fe
Office
Gold Corp.
14 Projects Worldwide (not all projects shown on map)
Geographical and Commodity Diversity
Actively Sourcing Additional Opportunities

5. Alaska Projects
1. Shotgun (Au) Fort Knox
Donlin Style intrusion
associated gold
Pogo
Donlin
2. Iliamna (Cu-Au)
Pebble Style copper-gold Shotgun
porphyry
Pebble
Iliamna
• Shotgun has the potential to be a major gold deposit like Donlin.
• Donlin, owned by Barrick and NovaGold, has M&I resources of 39 million ounces gold*.
• Iliamna is an unexposed copper-gold porphyry target with geochemical and geophysical
signatures similar to those at Pebble.
* Novagold website

6. Shotgun Project, Alaska
TNR Gold acquired 100% of the Shotgun project from
NovaGold in 2010
Historic Resource (Predates NI43-101*):
980,000 oz Au grading 0.93 g/t Au at a 0.5 g/t cut-off*
Calculated in 1998 by NovaGold Resources
Total Exploration Expenditures Accrued to Date:
$8 Million
Recently Completed Exploration/Drilling Program
$1.7 Million
* A qualified person has not done sufficient work to classify the historical estimate as current
mineral resources, the issuer is not treating the historical estimate as current mineral resources
and the historical estimate should not be relied upon. This resource estimate is quoted from the
Technical Report on the Shotgun-Winchester Project, SW Alaska. 7 March 2008 and is available
on Sedar, www.sedar.com.

7. Shotgun Project, Alaska
TNR’s goal is to define a multi-million oz bulk
mineable gold deposit like at Fort Knox
Historic Resource (Predates NI43-101*):
980,000 oz Au grading 0.93 g/t Au at a 0.5 g/t cut-off*
http://www.kinross.com/operations/oper
Calculated in 1998 by NovaGold Resources ation-fort-knox-alaska-usa.aspx
For comparison, Kinross reports the following
reserves and resources for Fort Knox (from Kinross website):
Tonnes Grade Ounces
Gold ( X 1,000) (g/t) ( X 1,000)
Proven and Probable
Reserves 314,669 0.43 4,303
Measured and Indicated
Resources(a) 112,098 0.40 1,426
* A qualified person has not done sufficient work to classify the historical estimate as current
mineral resources, the issuer is not treating the historical estimate as current mineral resources
and the historical estimate should not be relied upon. This resource estimate is quoted from the
Technical Report on the Shotgun-Winchester Project, SW Alaska. 7 March 2008 and is available
on Sedar, www.sedar.com.

8. Shotgun Project, Alaska
• 4 mineralized target areas
• 96 mineral claims (3,658 ha)
• Elevation: 200 – 850m
Exploration Drilling History
25 km
PROSPECT COMPANY YEAR DRILLING
Camp
(m)
Shotgun Ridge
Cominco 1984,88 226
NovaGold 1998 3,107
TNR Gold 2006 762
2012 814
Shot
TNR Gold 2005 301
King
TNR Gold 2005 145
Winchester
TNR Gold 2005 535
2006 1,118
7,008

9. Shotgun Project, Alaska
Geology
• Predominantly underlain by
Cretaceous sediments of the
Kuskokwim Group
25 km
• Granite to syenite intrusive bodies
intruded the Kuskokwim Group
• Some of these intrusions appear to be
directly related to gold mineralization
• north-south oriented string of gold
prospects
Ridges that are resistant to weathering
are indicative of alteration centers and
are the Prime Exploration Targets

10. Shotgun Ridge – 2006 Drill Program
06-43 @ 102m
27.4m of 2.3 g/t Au
• TNR’s drill hole 2006-43 returns 210m of 1.29g/t Au, including 27.4m of 2.3 g/t Au
• Drilling reveals a model of “Southwest dipping mineralized zones”
• New potential to significantly expand mineralization at depth

11. 2011: 3D IP/Resistivity Survey
3D Modelled Resistivity
50m below surface
06-43 @ 102m
100m
27.4m of 2.3 g/t Au
• In 2011, TNR conducted a 3D IP and Resistivity survey over the Shotgun Ridge prospect
• Results were able to map structural controls on mineralization in 3D, through the ridge
• These interpretations provided a basis for 2012 drill targeting

12. Shotgun Ridge –2012 Drilling on 3D IP
• Location of 2012 drill holes relative to DDH 06-43
• Drill holes plotted in sliced section through semitransparent 3D IP voxel
50m
40m
100m
12-56
06-43
12-57
12-58
OPEN
• 2012 drilling designed to test and confirm structural model of mineralization along strike
and at depth – mineralization remains open at depth
• Resistivity and chargeability jointly correlate with gold mineralization

13. Shotgun Ridge – 2012 Drilling Program
NE-Zone
Mid-Zone
SW-Zone
22m of 2.86 g/t Au
27.4m of 2.3 g/t Au
• DDH 12-56 drilled 50m northwest of 06-43
• 12-56 returns 242m of 1.25g/t Au, including 22.1m of 2.86 g/t Au
• Grade continuity is confirmed between two previous fences

14. Shotgun Ridge – 2012 Drilling Program
NE-Zone
Mid-Zone
SW-Zone
22m of 2.86 g/t Au
27.4m of 2.3 g/t Au
18.4m of 2.03 g/t Au
• DDH 12-57 and 12-58 drilled 40m south-southwest of 06-43
• 12-57 returns 209m of 1.02g/t Au over all three zones (SW+Mid+NE)
• 12-58 returns 46.55m of 1.14 g/t Au over the SW zone

15. Shotgun Ridge – 2012 IP Surveys
100m
• Mineralization in 12-56 shows good correlation with chargeability
• Higher gold grades encountered in Quartz-Feldspar-Porphyry (QFP)
• Mineralization is shallow and open at depth (ie topographic effect)

16. Shotgun Ridge – 2012 IP Surveys
SW Zone
?
NE Zone
• Mineralization in 12-57 shows NE Zone continuing down-dip in structure defined by IP
• 12-58 shows elevated gold grades encountered down-dip in SW Zone
• Mineralization is open at depth – relative chargeability low shows much more potential

17. Shotgun Ridge – Expanded Target Area
3D IP/Resistivity surveys
Kuskokwim Sediments expand the target area at
Shotgun Ridge
• Zone of mineralization and
historic resource estimate
(0.98 Moz @ 0.93g/t)
(Historical resource predates NI 43-101)
• Mineralization mostly in Qtz-
Qtz-feldspar porphyry feldspar porphyry (QFP)
1500m
Generalized Geology at Shotgun Ridge

18. Shotgun Ridge – Expanded Target Area
3D IP/Resistivity surveys
Kuskokwim Sediments expand the target area at
Shotgun Ridge
• Zone of mineralization and
historic resource estimate
• Mineralization mostly in Qtz-
feldspar porphyry (QFP)
Qtz-feldspar porphyry • 3D IP shows higher
chargeabilities in QFP
• Elevated chargeabilities
1500m
connected at depth
Generalized Geology at Shotgun Ridge • Significant potential to add
to gold resource
3D IP level plan at 600m elevation

19. Shotgun Ridge – Understanding Targets
Targets are defined by
Kuskokwim Sediments structural interpretation and
? 3D IP surveys
• NE trending structures w/
strike slip movement
• Mineralization mostly in QFP
breccia zones, sub parallel
to ridge topography
Qtz-feldspar porphyry
?
• Structural repetition
interpreted from geophysics
1500m
• Opportunity to significantly
expand resource
Generalized Geology at Shotgun Ridge
• Mineralization open at depth
3D IP level plan at 600m elevation

20. Shotgun Ridge – Understanding Targets
Targets are defined by
Kuskokwim Sediments structural interpretation and
? 3D IP surveys
• NE trending structures w/
strike slip movement
• Mineralization mostly in QFP
breccia zones, sub parallel
to ridge topography
Qtz-feldspar porphyry
?
• Structural repetition
interpreted from geophysics
1500m
• Opportunity to significantly
expand resource
Generalized Geology at Shotgun Ridge
• Mineralization open at depth
Regional Magnetic Image

21. Shotgun Project, Alaska
Camp Scale Opportunity
• Shotgun Ridge is just one of multiple
gold target areas
25 km
• Gold mineralization identified at each
prospect: Shot, King, and Winchester
• This group of prospects forms a
distinct gold district held 100% by TNR
• Surface geochemistry identifies
multiple gold anomalies with no
known source
• Poor outcrop limited prospecting
efforts in the past
• IP surveys identify mineralized areas

22. Summary
Discovery and Early Exploration
• 1998 mineralization is interpreted to have a “cap” or inverted bowl shape
• 2006 mineralization reinterpreted as structurally controlled with deep feeders
• Structurally controlled “Southwest Dipping Mineralized Zones” identified
• IP and resistivity surveys highlight gold mineralized breccias (hornfelsed sediments
and porphyritic intrusive)
• 2012 drill program designed to test predictability of mineralized zones
• Mineralization model confirmed
Way Forward – Advanced Exploration and Resource Definition
1. Acquire strategic partner to jointly advance project
2. Ensure stakeholders are informed on project developments, and maintain best
practises for community relations and involvement
3. Design significant drill program to define full resource potential (multi-million oz)
4. Explore potential of other target areas (Shot, King, and Winchester)

23. Contact Information
Address Caroline Klukowski
P.O. Box 11604
Manager, Corporate Communications
620 - 650 West Georgia St.
Vancouver, British Columbia
V6B 4N9, Canada E-mail: ck@tnrgoldcorp.com
Phone: (604) 687-7551 Gary Schellenberg
Fax: (604) 687-4670
President
Toll Free: 1-800-667-4470
E-mail: info@tnrgoldcorp.com
E-mail: cmggary@gmail.com

24. Disclaimer
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this presentation. Statements in
this presentation other than purely historical information, historical estimates
should not be relied upon, including statements relating to the Company’s
future plans and objectives or expected results, are forward-looking
statements. This presentation contains certain "Forward-Looking Statements"
within the meaning of Section 21E of the United States Securities Exchange Act
of 1934, as amended. Forward-looking statements are based on numerous
assumptions and are subject to all of the risks and uncertainties inherent in
the Company’s business, including risks inherent in resource exploration and
development. As a result, actual results might vary materially from those
described in this presentation. Readers should verify any & all claims and do
their due diligence before investing in any securities mentioned. Investing in
securities is speculative and carries a high degree of risk.
* A qualified person has not done sufficient work to classify the historical
estimate as current mineral resources, the issuer is not treating the historical
estimate as current mineral resources and the historical estimate should not
be relied upon. This resource estimate herein is quoted from the Technical
Report on the Shotgun-Winchester Project, SW Alaska, 7 March 2008 and is
available on Sedar, www.sedar.com.