VANCOUVER, British Columbia, Oct. 2, 2012 /PRNewswire/ -- TNR Gold Corp. (the " Company" or " TNR") (TSXV: TNR) is pleased to announce the appointment of Mr. Greg Johnson to its Board of Directors. Mr. Johnson has over 25 years of international mining industry experience in corporate finance, project development, and exploration. Mr. Johnson has acted as a director of several Canadian listed development stage resource companies with assets in North America, South America and Africa. Previous roles include President and CEO of South American Silver Corp., co-founder and executive at NovaGold Resources and senior roles in domestic and international exploration for Placer Dome Inc. (now Barrick Gold) including a key role in the discovery and advancement of the 40 million ounce Donlin gold deposit in Alaska.
Gary Schellenberg, President, CEO commented: "The addition of Mr. Greg Johnson to the board of TNR Gold is the next step towards our commitment to increasing shareholder value. Mr. Johnson's extensive experience in Alaska particularly his involvement at the Donlin gold project adds to the expertise on the board and management to drive TNR's core projects forward. The encouraging results from this year's drill program at the Shotgun property in Alaska are demonstrating the significant scale and potential of the deposit which is an intrusive related system similar in style to the world class Donlin gold deposit. In addition, Mr. Johnson's experience as a senior mining executive in South America will be valuable to advise the board on issues pertaining to the ongoing legal dispute over Los Azules Copper Gold property in Argentina."
As a result of the company's recent exploration success in Alaska it has reassessed its very large property portfolio in order to focus on its core assets in Alaska, Argentina and Canada. After careful review and evaluation of its portfolio of properties, the company has elected not to proceed with the El Tapau and El Salto option agreements in Argentina. The company intends on monetizing or joint venturing all of its other non core holdings.
The Los Azules litigation date has been set for November 19 th, 2012 at the BC Supreme Courts.About TNR Gold Corp. Over the past twenty-one years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe. With the Company's expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.