Vancouver B.C.: TNR Gold Corp. ("TNR" or the "Company") is pleased to announce the assay results from the first hole of the drilling program at the Shotgun gold property in Alaska. Drill hole SR12-56 returned 242 metres averaging 1.25 grams per tonne gold including several higher-grade intercepts. The 30-day exploration program included 814 metres of drilling and three geophysical survey grids.

1. 620 - 650 West Georgia Street
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September --, 2012
TNR GOLD ANNOUNCES 242METRESAVERAGING 1.25 g/t GOLD AT THE SHOTGUN GOLD PROJECT IN ALASKA
Drill hole SR12-56 returns mineralized interval of 242.22 metres averaging 1.25 grammes per tonne gold.
Included within this interval is 114.22m averaging 1.84 g/t Au.
Hole ends at target depth in mineralization.
Mineralized zones are open at depth and coincident with geophysical anomalies found in 2011.
Assays pending for two more holes.
Vancouver B.C.: TNR Gold Corp. (the “Company”) is pleased to announce the assay resultsfrom the first hole
of thedrilling program at the Shotgun gold property in Alaska. Drill hole SR12-56 returned 242 metres
averaging 1.25 grams per tonne gold including several higher-grade intercepts. The 30-day exploration
program included 814 metres of drilling and three geophysical survey grids.
Drilling Results
Diamond drill hole SR12-56 was oriented parallel to SR06-43 (previously reported with 210 metres averaging
1.3 g/t Au) and approximately 50m northwest. Three zones identified by more intense brecciation and
increased gold grades correlate well between the two holes. These new results significantly reinforce
confidence in the specific orientation of these southwest dipping feeder zones and how to target them with
future drilling. In hole 12-56,the strongest mineralization was encountered in the northeasternfeeder zone.
The hole ended at target depth 293.22m and in mineralization.
From To Width Au g/t
Entire intrusive 51.00 293.20 242.20 1.25
Including (SW-zone) 55.50 104.35 48.85 1.02
Including (Mid-zone) 135.00 159.20 24.20 0.85
Including (NE-zone) 179.00 293.22 114.22 1.84
Including 186.00 242.00 68.00 2.05
Including 203.90 226.00 22.10 2.86
And including 264.30 277.45 13.15 3.12
Cross section and plan map images showing SR12-56 are available on the Company’s website.

2. Drilling targeting was aided by 2011 geophysical surveys results. Higher grades within the NE-zone in hole 12-
56 are associated with a chargeability high feature that suggests the mineralization continues at depth.
Preliminary results of the 2012 geophysical survey are currently being interpreted.
“The Company is extremely pleased with these results and how they support our exploration model for
identifying bulk minable gold targets at the Shotgun project. As reported previously, the geology logged in the
drilling correlated well with previous work and looked very encouraging. The assays in the first hole have
started to confirm this.” comments John Harrop, VP Exploration
About the Shotgun Gold Project
TNR holds a 100% interest in the Shotgun property located 175 kilometres south of Donlin Creek within the
Kuskokwim Gold Belt in southwestern Alaska. This area is emerging as a world-class gold district hosting more
than 40 million ounces of aggregated gold resources. The Shotgun property includes a number of prospects,
including Shotgun Ridge and nearby Winchester. Donlin is an intrusion-associatedsystem and represents one
of the largest undeveloped gold deposits in the world. The Company believes that there are several key
similarities between prospects onthe Shotgun propertyand that of the Donlin Creek gold deposit as well as
other important intrusion-associated deposits.
Previous work at Shotgun Ridge by NovaGold Resources Inc. in 1998 estimated an historical resource of
980,000 ounces grading 0.93 grams per tonne (g/t) at a cut-off of 0.5 g/t (This estimate was made prior to
NI43-101 and has not been verified by a Qualified Person. It is provided for historical information and should
not be relied upon).
John Harrop, PGeo, FGS, a Qualified Person for TNR Gold Corp. as defined by NI 43-101 has reviewed the
technical information contained in this report.
About TNR Gold Corp.
Over the past twenty-one 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 is well positioned to aggressively identify, source, explore, partner and continue to expand
its project portfolio.
TNR's recently listed subsidiary, International Lithium Corp. (TSX:ILC.V), demonstrated the successful
application of TNR's business model in which TNR shareholders benefited from a unit distribution upon spin-
out of TNR's lithium and rare metals projects. TNR remains a large shareholder in ILC at 25.5% of outstanding
shares.
At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina;
and teamed with the recent acquisitions of rare-earth elements and iron ore projects in Canada confirm TNR's
commitment to continued generation of in-demand projects, while diversifying its markets and building
shareholder value.

3. On behalf of the board,
Gary Schellenberg
President
Neither the 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. Statements in
this press release 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. News release 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 may vary
materially from those described in the forward-looking statements.