Investor Presentation October 2012

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

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

.

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

Corporate Structure

Generating Quality

Asset Base

Unlocking Value

TNR GOLD CORP. TNR.TSXV

Amerigold Corp.

Alaskan Projects

Au

Minera Solitario Argentina Projects

Cu-Au

International Lithium Corp. (ILC:TSX.V)

Li + Rare Metals

(28% Equity owner)

TNR Rare Earth

Canada

REE

TNR Iron Ore

Canada

Soules Bay Iron Project

Fe

Multi-Commodity

Multi-Jurisdiction

Exposure

ILC Spinoff

Successfully Listed

May 24, 2011

TNR shareholders

received 1 unit for

every 4 shares of

TNR held

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

• 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

Directors

9 Gold-Copper Projects

Worldwide

Geographical and

Commodity Diverse

Project Location

Actively Sourcing Additional Opportunities

Projects - Current Stage of Exploration

Initial Drilling Phase 1 Feasibility

Early Stage

Exploration

Resource

Delineation Stage

Phase 2

Shotgun

Big Beaver House

TNR Gold Projects

Soules Bay

Seabrook

Au

REE

Fe

REE

2 Alaskan

Gold Projects

Shotgun

and

Iliamna

Ameri Gold Corp Wholly Owned Subsidiary of TNR

• Shotgun is potentially a world-class sized gold deposit similar to

Donlin Gold Deposit, which has a resource of 25 million ounces

gold.

Shotgun Project, Alaska

• 6,194m drilling 1998-2006

• Recently consolidated 100%

• 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

Shotgun Ridge Zone

Extensive Mineralizing System

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

• 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

06-43

12-56

12-58

OPEN

12-57

Shotgun Ridge – 2012 Drilling Program

27.4m of 2.3 g/t Au

22m of 2.86 g/t Au

NE-Zone

Mid-Zone

SW-Zone

• 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

Shotgun Ridge – 2012 Drilling Program

27.4m of 2.3 g/t Au

NE-Zone

Mid-Zone

SW-Zone

• 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

22m of 2.86 g/t Au

18.4m of 2.03 g/t Au

• <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 Project, Alaska – Ameri Gold Corp

• 8 historic drill holes

• Recent geochemical analysis and interpretation reveals: - Unprecedented similarity to Pebble - Identified targets not previously tested

• Drill Ready

Iliamna

• One of the largest carbonatites in Ont.

5 x 5 kms

• OGS (Sage 1982) reported up to 3,200 ppm La+Ce+Nd

Big Beaver House

REE Carbonatite Projects, Ontario

Significant and Untested

REE Potential

• Most Southerly carbonatite s in Ont.

• High Grade Nb+Ce+La grab samples

Seabrook Lake

Big Beaver House

Mag Contours

16

S o u l e s B a y – A e r o m a g M a p

TNR Claims Cover 12km Strike Length

94.5 metres grading 24.9% soluble iron

Argentina Au – Cu Projects

Primary Focus

Los Azules

Strategic Advantage Established Presence in San Juan

for over 18 Years

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

Los Azules – Mineralization Plan + Resources

Minera Andes 43-101

Technical Report dated

Dec. 16, 2010 states:

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

19

A

A’

Canaccord Genuity states

in an Aug. 12, 2011 report:

$539 Million Valuation*

*0.20x NPV and 6% risk discount

Contested Northern Portion

Lithium & Rare Metals

Spin-out

Listed May 24,2011

International Lithium Corp. (ILC:TSX.V) TNR Gold holds 28% Equity Stake

TNR Identified and Acquired International Portfolio of Lithium Brines and Rare Metal Pegmatites

Page 21

International Lithium Corp. (ILC:TSX.V) TNR Gold holds 28% 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

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

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.

Argentina:

Project

Ownership

Status / Drill

Test

Retained

Interest

Target Type Status

Los Azules (Xstrata

option)

*Currently under

dispute McEwan Mining

/Xstrata

NA 25% back-

in right;

1% NSR

Au-Cu

Porphyry

Minera Andes

Indicated Resource

12+ billion lbs Copper

Pre-Feasibility

underway

Escorpio IV

*Currently under

dispute with McEwan

Mining/Xstrata

NA 100% Cu Porphyry Adjacent to Los Azules

Ownership in dispute

with Xstrata

Las Carachas 100%

(Drilled)

100% Epithermal Au

Au-Cu

Porphyry

Surface Target

Definition

La Ortiga (La

Mancha)

25%

(Drilled)

25% Epithermal Au

Au-Cu

Porphyry

La Mancha completed

4,000m program and

continuing exploration

Appendix - Argentina Project Breakdown

Argentina:

Project

Ownershi

p Status

& Drill

Tested

Retained

Interest

Target Type Status

Northern Project

(4 properties)

(NGEX Resources)

25% 25% / 2%

NSR

Epithermal Au

Au-Cu Porphyry

Exploration by:

NGEX Resources

Inc. (NGQ:TSX)

Target Definition

Batidero (NGEX

Resources)

25%

(Drilled)

25% / 2%

NSR

Au-Cu Porphyry NGEX Resources

Inc. (NGQ:TSX)

exploration

operator

La Carolina (Latin

American Minerals

option)

50%

(Drilled)

2%

NSR

Epithermal Au

Latin American

Minerals

exploration

operator

Ranchillios & La Brea 100%

25% / 2%

NSR

Epithermal Au

Au-Cu Porphyry

Exploration Stage

Appendix - Argentina Project Breakdown Cont’d