TNR Gold Announces Completion of CAN$4.2 Million Altius Strategic Investment

TNR Gold Corp. has successfully completed a strategic CAN$4.2 million private placement with Altius Resources, a wholly-owned subsidiary of Altius Minerals Corporation. Under the transaction, TNR issued 23.5 million common shares to Altius Resources, establishing Altius as a strategic non-controlling investor in the company. The investment represents a significant validation of TNR's business model and asset quality from a respected royalty-focused mining company.

The proceeds will be deployed across multiple strategic initiatives including corporate development, property maintenance and exploration on TNR's Shotgun Gold Project in Alaska, potential acquisition of royalty interests on the Mariana and Los Azules projects currently held on behalf of shareholders, and general corporate purposes. This financing provides TNR with the capital flexibility to advance its strategic plan of becoming a leading green energy metals royalty and gold company.

The transaction includes important ancillary agreements that strengthen the partnership between the companies. TNR granted Altius a right of first offer on its 1.35% NSR royalty on the Mariana Lithium Project and 0.36% NSR royalty on the Los Azules Copper Project, both in Argentina. Additionally, Altius received pro rata participation rights in future financings and agreed to vote in favor of management's nominated directors for five years, providing stability and alignment.

TNR's portfolio offers exposure to critical minerals driving the energy transition, including royalties on the world-class Los Azules copper project and the recently commissioned Mariana lithium brine project operated by Ganfeng Lithium. The company's partnerships with industry leaders including McEwen Inc., Ganfeng Lithium, Lundin Mining, and BHP position it well to benefit from the growing demand for critical materials in the energy revolution. Executive Chairman Kirill Klip's substantial 27.8 million share position demonstrates strong insider commitment to the company's strategic direction.