Corporate Presentation

Los Azules
Summary (1)
• Los Azules ranks as one of the top 2 or 3 world class deposits that are “for
sale” and in a low risk jurisdiction
• TNR has a 0.36% NSR on the entire deposit and will get 1% of any purchase
price paid to & received by McEwen in respect of any sale, assignment of
transfer of all of its interest in the Project
• Current resource using a cut-off grade of 0.35% Cu (2) :
• Indicated - 389 million tonnes grading 0.63% Cu, 0.07 g/t Au and 1.8 g/t Ag
• Inferred - 1.397 million tonnes grading 0.46% Cu, 0.06 g/t Au and 1.9 g/t Ag
• Total contained copper is 8.93 Mt or > 19 B lb (+ 3.42 Moz gold and 108.7
Moz silver credits)
TSX.V : TNR 8
(1) Resource estimates and economic analyses regarding the Los Azules project are derived directly from public information and technical
reports provided by McEwen Mining Inc. The technical information is reportedly prepared and/or approved by qualified persons as
defined under NI 43-101 standards for disclosure. TNR Gold Corp. has not engaged an independent qualified person to verify the
technical disclosures provided by McEewn Mining Inc. Mineral resources are not mineral reserves and there is no guarantee that the
resources reported herein will result in an economic mining scenario.
(2) The mineral resources as reported by McEwen Mining can be found their press release dated May 15, 2013.