TNR Gold Appoints Nicholas Winton to Advisory Board

Vancouver, December 17, 2018 - TNR Gold Corp. (TSXV: TNR) ("TNR" or the "Company") is pleased to announce that it has appointed Nicholas Winton to the Company's Advisory Board.

Nicholas Winton is a business research analyst who will be assisting the Company with identifying new projects with investment opportunities and royalty streams. Mr. Winton began working in the private investment arena where he quickly established a reputation for uncovering undervalued equities with a combination of fundamental and technical analysis within his theories of investor contagion and behavioural patterns in his 'Hedgehog Trader' newsletter. From private practice, which includes assisting a premier financial manager in New York, Mr. Winton joined 'INK Research' in 2011 where along with his newsletter he provides reports and key research to a highly sophisticated investment clientele on a variety of topics including commodities, market trends, technical analysis and in-depth analysis on the mining and exploration sector, specializing in connecting investors and market opportunities, including gold and emerging energy metals sectors. Mr. Winton graduated from the University of Toronto.

"For the last few months, we have been building the TNR Gold Team with like-minded professionals who share our values of honour, commitment and loyalty to our Company. The Advisory Board will allow us to assemble specialists with a unique set of skills and access to the new business networks, which are crucial for the successful active management of our royalty portfolio," stated Kirill Klip, Executive Chairman. "Our priority at this stage is increasing our shareholder base and access to additional capital. We will be working closely with Nicholas in order to integrate the Company in the investment communities and generate new M&A opportunities for TNR."

ABOUT TNR GOLD CORP.

TNR Gold Corp. is working to become a green energy metals royalty company.

Over the past 22 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 identified the potential of the Los Azules copper project in Argentina and now holds a 0.36% NSR royalty on the entire project, which is being developed by McEwen Mining Inc.

TNR holds a strategic stake in International Lithium Corp. ("ILC"), a green energy metals company that was created through the spin-out of TNR's energy metals portfolio in 2011. ILC holds interests in lithium projects in Argentina, Ireland and Canada.

TNR retains a 1.8% NSR royalty on the Mariana Lithium Brine Property in Argentina. ILC has a right to repurchase 1.0% of the NSR royalty on the Mariana Lithium property of which 0.9% relates to the Company's NSR interest. The Company would receive $900,000 on the execution of the repurchase. The project is currently being advanced in a joint venture between ILC and Ganfeng Lithium International Co. Ltd.

At its core, TNR provides significant exposure to gold, copper and lithium through its holdings in Alaska (the Shotgun gold porphyry project) and Argentina, and is committed to the continued generation of in-demand projects, while diversifying its markets and building shareholder value.

On behalf of the Board of Directors,

Kirill Klip
Executive Chairman

www.tnrgoldcorp.com

For further information concerning this news release please contact +1 604-700-8912

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "will", "could" and other similar words, or statements that certain events or conditions "may" or "could" occur, although not all forward-looking statements contain these identifying words. Specifically, forward-looking statements in this news release include, but are not limited to, statements made in relation to: TNR's corporate objectives, changes in share capital, market conditions for energy commodities, the results of McEwen Mining's and ILC's PEAs, and improvements in the financial performance of the Company. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the Company's interim and annual Management's Discussion and Analysis which are available under the Company's profile on www.sedar.com. While management believes that the assumptions made and reflected in this news release are reasonable, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. In particular, there can be no assurance that: TNR will be able to repay its loans or complete any further royalty acquisitions or sales; debt or other financing will be available to TNR; or that TNR will be able to achieve any of its corporate objectives. Given these uncertainties, readers are cautioned that forward-looking statements included herein are not guarantees of future performance, and such forward-looking statements should not be unduly relied on.

In formulating the forward-looking statements contained herein, management has assumed that business and economic conditions affecting TNR and its royalty partners, McEwen Mining Inc. and International Lithium Corp. will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.

Forward-looking information herein and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.