TNR Gold Corp. (TSX-V: TNR) is a mineral exploration company actively pursuing a portfolio of gold, copper, and Rare Earth Element (REE) containing properties worldwide. Our primary focus is in exploration and development of our key ventures which are the Shotgun gold project in Alaska, TNR iron ore and REE projects in Soules Bay, Canada and our ongoing project generator in Argentina. The Argentine Los Azules project is held under the wholly-owned subsidiary Solitario Argentina S. A. ("Solitario"), we are currently moving forward with the litigation over some of the claims on the property while we continue to explore and identifying new quality prospective ventures globally. TNR's strategy is to strengthen its assets through partnerships with mid-tier and major companies, and establish long-term cash flow through royalty interests and project development.

1. Investor Presentation
October 2012

2. 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

3. TNR - Lead Project Generator
Iron Ore
Soules Bay
Rare Earth
Elements
Gold, Copper & Lithium
Argentina
.
Gold in Alaska
980,000 oz Gold
(Historical, Pre-NI43-101)
Global Lithium (Argentina)
International Lithium (ILC:TSXV) spinoff

4. Company Share Structure
Trading Symbol: TNR : TSX
Issued: 146 Million
Fully Diluted: 161.2 Million
Listing Symbol: TSX-V
Management & Insiders: 65%
Institutional Holdings: 14% (9 Institutions including: Barrick Gold,
Pinetree Capital, Tocqueville Fund,
Solitario, NovaGold, & Canada Zinc
Metals)
Transfer Agent: ComputerShare

5. Corporate Structure
Minera Solitario
Generating
Unlocking Argentina Projects
Cu-Au
Quality
Value
International Lithium Asset Base
Corp. (ILC:TSX.V)
Li + Rare Metals
TNR GOLD CORP.
TNR.TSXV
(28% Equity owner) ILC Spinoff
Successfully Listed
Amerigold Corp. May 24, 2011
Alaskan Projects
Au TNR shareholders
Multi-Commodity
received 1 unit for
Multi-Jurisdiction
TNR Rare Earth every 4 shares of
Exposure
Canada TNR held
REE
TNR Iron Ore
Canada
Soules Bay Iron Project
Fe

6. Management
• Gary Schellenberg, B.Sc. (Geol.), President, CEO
• Jerry Bella, CGA, CFO
• Roberto Lara, Managing Director (South America)
• John Harrop, P.Geo, VP Exploration
• Dr. Frederick Breaks P.Geo, Special Adviser to Board
Directors
• 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

7. Project Location
9 Gold-Copper
Projects
Worldwide
Geographical
and
Commodity
Diverse
Actively Sourcing Additional Opportunities

8. Projects - Current Stage of Exploration
Early Stage Resource
Exploration Delineation Stage
TNR Gold Projects Initial Drilling Phase 1 Phase 2 Feasibility
Shotgun Au
Seabrook Fe
Soules Bay REE
Big Beaver House REE

9. Ameri Gold Corp
Wholly Owned Subsidiary of TNR
2 Alaskan
Gold Projects
Shotgun
and
Iliamna
• Shotgun is potentially a world-class sized gold deposit similar to
Donlin Gold Deposit, which has a resource of 25 million ounces
gold.

10. Shotgun Project, Alaska
• 6,194m drilling 1998-2006
• Recently consolidated 100%
Shotgun Ridge Zone
• Pre-NI43-101 Inferred Resource
980,000 oz Au grading
0.93 g/t gold at a 0.5 g/t cut-off
• In 2006 DDH 06-43 returned
210m of 1.29g/t Au
Feeder zone identified; open at depth
New structural and mineralizing model
Extensive Mineralizing
System

11. 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

12. 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

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
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

14. Iliamna Project, Alaska – Ameri Gold Corp
• <50 miles away from Pebble Deposit one of largest Cu-porphyry
systems in the world containing
18.8 billion lbs Copper
31.3 million ounce Gold
265 million lbs Molybdenum
Iliamna
• 8 historic drill holes
• Recent geochemical analysis and
interpretation reveals:
- Unprecedented similarity to Pebble
- Identified targets not previously
tested
• Drill Ready

15. REE Carbonatite Projects, Ontario
Big Beaver House
• One of the largest carbonatites in Ont.
5 x 5 kms
• OGS (Sage 1982) reported up to
3,200 ppm La+Ce+Nd
Seabrook Lake
• Most Southerly carbonatite s in Ont.
• High Grade Nb+Ce+La grab samples
Significant and Untested Mag Contours
REE Potential Big Beaver House

16. 16
Soules Bay– Aeromag Map
TNR Claims Cover 12km Strike Length
94.5 metres grading
24.9% soluble iron

17. Argentina Au – Cu Projects
Primary Focus
Los Azules
Strategic Advantage
Established Presence in San Juan
for over 18 Years

18. Los Azules - Project Highlights
8,100 ha located in El Indio gold belt
Contested ownership of Northern portion
of project + 100% ownership of Escorpio IV
(court documents and info available on
www.tnrgoldcorp.com)
Contested Northern Portion

19. Los Azules – Mineralization Plan + Resources
A
Minera Andes 43-101
Technical Report dated
Contested Dec. 16, 2010 states:
Northern Portion
Indicated Resources
137 M tonnes of 0.73% Cu
Inferred Resource
900 M tonnes of 0.53% Cu
Equates to a combined
12.5 Billion lbs Cu
Canaccord Genuity states
in an Aug. 12, 2011 report:
$539 Million Valuation*
A’
*0.20x NPV and 6% risk discount
19

20. International Lithium Corp. (ILC:TSX.V)
TNR Gold holds 28% Equity Stake
Lithium &
Rare Metals
Spin-out
Listed
May 24,2011
TNR Identified and Acquired International Portfolio of
Lithium Brines and Rare Metal Pegmatites

21. International Lithium Corp. (ILC:TSX.V)
TNR Gold holds 28% Equity Stake
Mariana Lithium-Potash
Brine , Argentina
One of the Most
Prominent Salars In a 160 km2
World Class Region
Mavis Lake Rare Metals, Ont.
78 metre Pegmatite Intersection
1.86% Li2O over 26.25m,
1.22% Li2O over 28.45m and
1,924 ppm Rb2O% over 78m
Blackstairs Rare Metals, Ire.
High Grade Boulder Field
Discovery: 4.59%, 3.45% and
3.27% Li2O grab samples
Indicating buried pegmatite Boulder Distribution
Page 21

22. Contact Us Today
JV Financing Project
Partnership Submission
Interested in Send us your
our projects? Investment in TNR projects!
We welcome your inquiries
Investor Relations hub
http://www.tnrgoldcorp.com/s/StockInfo.asp
Info @ tnrgoldcorp.com Caroline Klukowski
Address P.O. Box 11604, 620 - 650 West Georgia St. Phone: 604-687-7551
Fax: 604-687-4670
Vancouver, British Columbia, V6B 4N9, Canada ck@tnrgoldcorp.com

23. 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.

24. Appendix - Argentina Project Breakdown
Argentina: Ownership Retained Target Type Status
Project Status / Drill Interest
Test
Los Azules (Xstrata NA 25% back- Au-Cu Minera Andes
option) in right; Porphyry Indicated Resource
1% NSR
*Currently under 12+ billion lbs Copper
dispute McEwan Mining
Pre-Feasibility
/Xstrata
underway
Escorpio IV NA 100% Cu Porphyry Adjacent to Los Azules
*Currently under Ownership in dispute
dispute with McEwan with Xstrata
Mining/Xstrata
Las Carachas 100% 100% Epithermal Au Surface Target
(Drilled) Au-Cu Definition
Porphyry
La Ortiga (La 25% 25% Epithermal Au La Mancha completed
Mancha) (Drilled) Au-Cu 4,000m program and
Porphyry continuing exploration

25. Appendix - Argentina Project Breakdown Cont’d
Argentina: Ownershi Retained Target Type Status
Project p Status Interest
& Drill
Tested
Northern Project 25% 25% / 2% Epithermal Au Exploration by:
(4 properties) NSR Au-Cu Porphyry NGEX Resources
Inc. (NGQ:TSX)
(NGEX Resources)
Target Definition
Batidero (NGEX 25% 25% / 2% Au-Cu Porphyry NGEX Resources
Resources) (Drilled) NSR Inc. (NGQ:TSX)
exploration
operator
La Carolina (Latin 50% 2% Epithermal Au Latin American
American Minerals (Drilled) NSR Minerals
option) exploration
operator
Ranchillios & La Brea 100% 25% / 2% Epithermal Au Exploration Stage
NSR Au-Cu Porphyry