TNR shareholders approve spinout

2010-06-25 09:47 ET - News Release

Mr. Gary Schellenberg reports

TNR GOLD 2010 ANNUAL GENERAL AND SPECIAL MEETING HELD/PROCEEDS WITH SPINOUT OF INTERNATIONAL LITHIUM

TNR Gold Corp. held its annual general and special meeting on June 22, 2010, and all agenda items, as outlined in the company's information circular dated May 10, 2010, were approved, and all directors standing for election were re-elected. The directors for the ensuing year will consist of Gary Schellenberg, Kirill Klip, Paul Chung, John Fraser and Hari Varshney.

Mr. Schellenberg was reappointed president and chief executive officer. Mr. Klip was reappointed non-executive chairman of the board, and will directly support and advise the chief executive officer of the company. Mr. Chung was reappointed secretary and Jerry Bella was reappointed chief financial officer.

The proposed plan of arrangement involving the company and International Lithium Corp. was also approved by the shareholders and the courts of British Columbia. The purpose of the arrangement is to spin out TNR's lithium mineral property interests into a separate public company, ILC. TNR will now proceed with the spinout and will update on the progress of the spinout in further news releases. For further details of the spinout, please refer to Stockwatch news dated May 26, 2010, or visit International Lithium's website.

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