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TNR Gold’s Upside<br />

Los Azules<br />

1. No need for financing, sale of asset will fund Shotgun and<br />

new projects<br />

2. Potential value to be realized?<br />

Shotgun Gold<br />

1. Porphyry system = BIG potential resource<br />

2. Mineral system well understood<br />

3. Only one target tested = +700,000oz Au resource<br />

4. Room to grow!<br />

5. Plans to spin out to capture shareholder value<br />

International Lithium<br />

1. Developing assets with funding from strategic partner<br />

New projects generation (ahead of the curve)<br />

1. Critical and Strategic Minerals<br />

TSX.V : TNR 20

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