1. Investor Presentation
May 2013

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. Company Summary
• TNR Gold is an Exploration Company of Precious, Base, and Rare
Earth Metals with a strategic Holding (25.5%) of a Lithium-Rare
Metals company (International Lithium)
• Proven Business Model: “Lead Project Generator”
Early Identification and Acquisition of Opportunities
• Hybrid Joint Venture Business Plan: Selectively Advance Projects
Internally + Employ JV Partnerships to Diversify Costs and Risk
• 65% Percentage Owned by Insiders and Experienced Management
Team

4. Company Share Structure
Trading Symbol: TNR : TSX
Issued: 148 Million
Fully Diluted: 167 Million
Listing: TSX-V
Management and Insiders: 65%
Institutional Holdings: 14%
Transfer Agent: ComputerShare

5. Management and Directors
• Gary Schellenberg, B.Sc. (Geol.), President, CEO
• Jerry Bella, CGA, CFO
• Roberto Lara, Managing Director (South America)
• John Harrop, P.Geo, VP Exploration
• Anthony Kovacs, COO
• Dr. Frederick Breaks P.Geo, Special Adviser to Board
• Gary Schellenberg, B.Sc. (Geol.) – Executive Chairman of Board
• Kirill Klip, MBA – Non-Executive Chairman of Board
• Greg Johnson B.Sc.– Director
• Paul Chung, B.Sc. (Geol.), MBA - Director
Directors
Management

6. Actively Sourcing Additional Opportunities
Project Locations
Vancouver
Shotgun
Iliamna
ALASKA
ARGENTINA
Los Azules
Gold Corp.
LEGEND
Au
Au-Cu
Office

7. Argentina Au – Cu Projects
Los Azules

8. Los Azules – Regional Advantage
• Los Azules is 6 km east of the Chilean-Argentine border.
• The deposit is located on a copper porphyry belt host to some of the world's largest copper mines
including Codelco's El Teniente mine (world's largest underground copper mine), Anglo
American's Los Bronces mine, Antofagasta's Los Pelambres mine and Xstrata's El Pachón
project. Source: www.mcewenmining.com

9. Los Azules - Location

10. Los Azules - Back-in Right Restored
Highlights of the settlement
1. The settlement restores a 25% back-in right to TNR which is exercisable following the completion of a
feasibility study*. The back-in right allows TNR to back-in for 25% of the northern part of the Los
Azules property, which McEwen Mining has said contains the largest share of the known resource at
Los Azules.
2. TNR receives an industry standard Net Smelter Royalty of 0.6%. This Net Smelter Royalty is over the
northern portion of the property and is triggered if TNR chooses to back in for 5% or less or is diluted
below 5%.
3. TNR receives 1 million shares in McEwen Mining.
4. TNR will transfer to McEwen Mining the mineral rights to Escorpio IV and this property will become
subject to the back-in right as well
* TNR will retain their Back-in Right for up to 25% of the equity in certain claims comprising the northern portions of Los
Azules. The Back-in Right is exercisable after the completion of a bankable feasibility study. To exercise TNR must pay
two (2) times the expenses attributable to the back-in percentage (ie. paying 2 x 25% all of the costs attributable to the
claims comprising the northern portion of the property). Upon backing-in, TNR may elect to continue to participate in the
project or be diluted down to a 0.6% NSR on the same claims comprising the northern portion of the project.
On November 12, 2012 a resolution was reached pertaining to the Los Azules property,
until further details are released more information can be found in the latest press
release: http://www.tnrgoldcorp.com/s/NewsReleases.asp?ReportID=557156

11. Los Azules – Settlement
Kirill Klip, Non-Executive Chairman of TNR Gold, stated, "I welcome the positive
resolution of the Los Azules litigation in the out of court settlement between TNR
Gold and McEwen Mining. I would like to personally thank Rob McEwen as this
resolution is a highly beneficial outcome for both our companies. Removing the
uncertainty over the rights to Los Azules will allow the project to now achieve its full
potential for the benefit of the shareholders of both TNR Gold and McEwen Mining,
and I consider our stake in McEwen Mining as a strategic holding for TNR Gold.” (TNR
Gold Press Release November 12, 2012)
“This is a very positive development for McEwen Mining, TNR Gold and the Province
of San Juan, Argentina. It allows us to accelerate and expand the magnitude of our
exploration effort. With this legal obstacle behind us, we are now embarking on the
largest drill program in the project’s history. We are excited by the potential of
growing the size of this world-class copper asset”, said Rob McEwen, Chief Owner
(McEwen Mining Press Release November 12, 2012)
Source: www.mcewenmining.com
Los Azules Copper Property Lawsuit Against McEwen Mining Settled TNR's
25% Right To Back-in At Feasibility Restored

12. Los Azules - Highlights
• Los Azules is one of the world's largest undeveloped copper deposits.
• McEwen Mining began a 15,000 meter drill program starting in October 12, 2012
• The property encompasses 50,933 acres and surrounds a large alteration zone that
contains the resource which measures approximately 4 kilometers long by 1.5 kilometers
wide.
Source: www.mcewenmining.com

13. Los Azules – Deposit Outline
Source: www.mcewenmining.com

14. • 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.**
1. Shotgun (Au)
Donlin Style intrusion
associated gold
2. Iliamna (Cu-Au)
Pebble Style copper-gold
porphyry
Alaska Projects
*Novagold website
**comparisons to other deposits or properties (Donlin and Pebble)
is for information only and there is no assurance that TNR’s projects
will achieve the same results
Shotgun
Iliamna Pebble
Donlin
Fort Knox
Pogo

15. Shotgun Project, Alaska
Inferred Resource Estimate *:
Shotgun Resource Estimate - modelled at an ~ 0.3 to 0.5 g/t cut-off.
* The Shotgun Ridge prospect contains an inferred mineral resource of 20,734,313 tonnes at 1.06 grams per tonne (“g/t”) for a total of 705,960
ounces gold (“Au”) using a 0.5 g/t Au cut-off. The inferred mineral resource estimate was prepared by Allan Armitage, PhD., P.Geol., of
GeoVector Management Inc., a Qualified Person as defined by the Canadian Institute of Mining (CIM) Definition Standards for Mineral Resources
and Mineral Reserves and the National Instrument 43-101 Standards of Disclosure for Mineral Projects.
The Shotgun Zone mineral resource estimate, publicly reported on April 22, 2013, is based on 34 diamond drill holes (NQ) totalling 4,932.3
metres, with 2,481 assays (0.2 up to 10 metres in length). Holes were drilled by several operators in five drill campaigns conducted between
1984 and 2012. The 34 drill holes are spaced primarily 40 to 100 metres apart in an area of approximately 375 x 300 metres. The drill holes
tested mineralization to a vertical depth up to 150 metres.
A resource model for the Shotgun Zone was constructed based on the distribution of the gold mineralization (> 0.3 to 0.5 g/t Au) and this model
was used to constrain the composite values chosen for interpolation. A block model with block dimensions of 5 x 5 x 5 metres in the x, y and z
directions was placed over resource model solids with only that proportion of each block below the topographic/overburden surface and inside
the solid recorded.
Grades for gold were interpolated into the blocks by the inverse distance squared (“ID2”) method using a minimum of 2 and maximum of 12
composites to generate block grades in the Inferred resource category. The search ellipse used to interpolate grade into the blocks measured
110 x 60 x 110 (Principle Az – 235 , Principle Dip - 25 , Intermediate Az.- 325 ). The size and orientation of the search ellipse approximates the
strike, dip and thickness of the resource model and takes into account the limited drilling and relatively wide spacing of the drilling.
There are currently no known encumbrances with regards to legal, political, environmental or other risks that could materially affect the
potential development of the Shotgun Ridge prospect, and however, the EPA is conducting an environmental review of the Bristol Bay
watershed in response to the proposed development of the Pebble Deposit, approximately 150 kilometres to the southeast of Shotgun Ridge.
The mineral resources reported herein are classified as inferred mineral resources according the CIM Definition Standards for Mineral Resources
and Mineral Reserves. No economic studies were undertaken on this mineral resource estimate and it should be noted that mineral resources
are not mineral reserves and there is no guarantee that the current mineral resource at Shotgun Ridge will result in an economically viable
deposit.
Au Cut-off Tonnes Grade (g/t) Ounces
0.3 g/t 24,509,842 0.96 759,442
0.5 g/t 20,734,313 1.06 705,960
0.7 g/t 14,779,225 1.24 590,600
1.0 g/t 9,101,458 1.49 437,365

16. Exploration History – Shotgun Ridge
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
Camp
25km

17. Shotgun Ridge – 2012 Drilling Program
27.4m of 2.3 g/t Au
NE-Zone
Mid-Zone
SW-Zone
• 12-56 returns 242m of 1.25g/t Au over all three mineralized zones
• 12-57 returns 209m of 1.02g/t Au over all three mineralized zones
• 12-58 returns 46.55m of 1.14 g/t Au (hole ended prior to intersecting MID and NE-zones)
22m of 2.86 g/t Au
18.4m of 2.03 g/t Au

18. open
Shotgun Ridge – 2012 IP Surveys
• 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 and near surface – relative chargeability low
NE Zone
SW Zone
open
?
?

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

20. Shotgun Project - Opportunity
Camp Scale Opportunity
Shotgun Ridge is just one of multiple
gold target areas
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
25km

21. Lithium &
Rare Metals
Spin-out
Listed
May 24, 2011
International Lithium Corp. (ILC:TSX.V)
TNR Gold holds 25.5% Equity Stake
TNR Identified and Acquired International Portfolio of
Lithium Brines and Rare Metal Pegmatites
San Juan
LEGEND
Li - Brine
Li - Pegmatite
Office
Vancouver
Mavis Lake
Ontario
Mariana
Argentina
Blackstairs
Ireland

22. Page 23
International Lithium Corp. (ILC:TSX.V)
TNR Gold holds 25.5% Equity Stake
160 km2
One of the Most
Prominent Salars In a World
Class Region
Mariana Lithium-Potash
Brine , Argentina
78 metre Pegmatite Intersection*
1.86% Li2O over 26.25m,
1.22% Li2O over 28.45m and
1,924 ppm Rb2O% over 78m
Mavis Lake Rare Metals, Ont.
High Grade Boulder Field Discovery: 4.59%,
3.45% and 3.27% Li2O grab samples
Indicating buried pegmatite**
Blackstairs Rare Metals, Ire.
Boulder Distribution
**News Release for International Lithium Corp. (TSX.V:ILC) dated January 31, 2012.
Grab samples are by definition selective and are unlikely to represent average grades on
the property.
* News Release for International Lithium Corp. (TSX.V:ILC) dated January 12, 2012.
The true width of the pegmatite intersection has not been determined and no inference
to that effect has been made.

23. JV
Partnership
Project
Submission
Financing
We welcome your inquiries
Investor Relations hub
http://www.tnrgoldcorp.com/s/StockInfo.asp
Investment in TNR
Interested in
our projects?
Send us your
projects!
Contact Us Today
Info @ tnrgoldcorp.com
Address P.O. Box 11604, 620 - 650 West Georgia St.
Vancouver, British Columbia, V6B 4N9, Canada
Caroline Klukowski
Phone: 604-687-7551
Fax: 604-687-4670
ck@tnrgoldcorp.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.
Disclosure
John Harrop, PGeo, FGS, Vice President of Exploration of the Company is a "Qualified
Person" as defined under NI 43-101 has reviewed and approved the technical
content of this document.