Ucore Rare Earths welcomes Alaska State Initiative to Support Bokan Metallurgical Research

HALIFAX, NOVA SCOTIA--(Marketwire - Sept. 25, 2012) - Ucore Rare Metals Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or "the Company") is pleased to report that the Mineral Industry Research Laboratory of the University of Alaska Fairbanks ("UAF" or "the University") has been awarded $297,000 by the Alaska Department of Commerce, Community and Economic Development.
UAF will be conducting research with respect to the processing and extracting of rare earth element-bearing minerals from ore material sourced from Ucore's Bokan Mountain deposit. The University will also conduct research on the procedure for the handling of waste rock. These specific process refinements will further enhance metallurgical testing carried out by Ucore. The announcement of this funding highlights the active role of the State of Alaska in the development of its enormous rare earth mineral potential.

"We're extremely pleased to have the University of Alaska Fairbanks team involved with the Bokan Mountain project," said Jim McKenzie, President and CEO of Ucore. "We welcome the opportunity to work with a very skilled and mining-experienced research staff at UAF, accessing the advanced human and technical resources available at that facility.

"UAF is the home of the College of Engineering and Mines," continued McKenzie. "That institution has provided immeasurable support to mine design projects throughout the state, expediting and improving both ore extraction and processing methodologies. UAF research involvement should also be indispensable as we advance into pilot scale testing in 2013. We'd additionally like to take this opportunity to thank Governor Parnell's office for its involvement in this initiative and for the ongoing support of the Bokan Mountain Heavy Rare Earth Project by the State of Alaska."

About Ucore Rare Metals Inc.

Ucore Rare Metals Inc. is a well-funded development-phase mining company focused on establishing rare metal resources with near term production potential. With multiple projects across North America, Ucore's primary focus is the 100% owned Bokan - Dotson Ridge REE property in Alaska. The Bokan - Dotson ridge REE project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia and has direct ocean access to the western seaboard and the Pacific Rim, a significant advantage in developing near term production facilities and limiting the capital costs associated with mine construction.

The Bokan property is particularly enriched with heavy rare earth elements, including the critical elements Dysprosium, Terbium and Yttrium. Approximately 40% (by weight) of the rare earth elements contained on the Dotson Ridge property are heavy rare earths elements, as disclosed in the Company's NI 43-101 compliant resource estimate, released in March of 2011.

Jim McKenzie, President and CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Jim McKenzie
Ucore Rare Metals Inc.
President and Chief Executive Officer
(902) 482-5214
www.ucore.com

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• Brandon Tirpak: China's Stockpile Effort Could Stabilize Rare Earth Metals (MCP, LYC, QRM, AVL, REMX)
• The astounding rise of western rare earth extraction: Jack Lifton

Ucore Rare Metals Releases 2011 Bokan Drill Results Pending Augmented Resource Calculation

HALIFAX, NOVA SCOTIA--(Marketwire - Jan. 23, 2012) - Ucore Rare Metals Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or "the Company") is pleased to announce finalized assay results from the 2011 drill program at the Bokan-Dotson Ridge rare earth element (REE) project in southeast Alaska. The 2011 drill program produced a total of 10,112 metres of core from 34 diamond drill holes. The data will be used to upgrade the status of the existing National Instrument (NI) 43-101 compliant resources from Inferred to Indicated and to increase the size of the existing mineral resources at Dotson Ridge. Together with the previous Ucore drill programs from 2007 to 2010, the Company has now completed 134 drill holes in total, comprising 19,662 meters of core at the Bokan property.

A map showing the location of the drill holes reported in this press release can be accessed on the Company's website (http://ucore.com/2011drillholes).
The following table summarizes significant intersected values from 27 out of 34 holes completed in 2011.

2011 Assay Drill Core Results

Hole	Depth From(m)	Depth to(m)	Width (m)	LREO (wt.%)	HREO (wt.%)	TREO (wt.%)	HREO/TREO (%)
LM11-92	151.93	153.72	1.79	0.53	0.52	1.04	50
LM11-92	167.36	171.1	3.08	0.27	0.15	0.42	36
LM11-92	179.27	181.67	2.4	0.32	0.20	0.51	38
LM11-101	154.63	156.65	2.02	0.59	0.20	0.79	25
LM11-103	184.4	186.56	2.16	0.39	0.30	0.69	43
LM11-105	147.55	151.26	3.71	0.62	0.24	0.86	28
LM11-106	189.5	192	2.5	0.48	0.15	0.63	24
LM11-106	296.2	298.7	2.5	0.29	0.19	0.48	40
LM11-107	109.26	113.55	4.29	0.14	0.18	0.32	57
LM11-108	139.65	141.17	1.52	0.31	0.33	0.64	51
LM11-109	153.87	155.72	1.85	0.18	0.23	0.41	56
LM11-110	222.45	226.77	4.32	0.32	0.33	0.80	51
LM11-112	76.42	79.32	2.9	0.58	0.17	0.75	22
LM11-112	121.01	123.26	2.25	0.19	0.28	0.47	60
LM11-112	125.07	131	4.68	0.22	0.16	0.38	42
LM11-113	160.8	161.6	0.8	0.45	0.53	0.97	54
LM11-113	164.03	166.38	2.35	0.41	0.34	0.75	45
LM11-114	156.36	157.05	0.69	0.33	0.24	0.57	42
LM11-114	209.63	210.65	1.02	0.55	1.51	2.06	73
LM11-114	219.81	222.02	2.21	0.56	0.30	0.86	35
LM11-115	142.72	144.66	1.94	0.67	0.51	1.18	43
LM11-115	153.24	154.45	1.21	0.59	0.44	1.03	42
LM11-116	126.24	128.75	2.51	0.52	0.22	0.74	30
LM11-116	132.31	133.76	1.45	0.42	0.11	0.53	21
LM11-116	151.53	156.8	2.79	0.28	0.34	0.62	55
LM11-116	161	162.5	1.5	0.32	0.32	0.64	49
LM11-116	173.9	175.6	1.7	0.46	0.38	0.84	45
LM11-117	217.62	236.55	5.71	0.27	0.37	0.65	58
LM11-117	249.95	255.75	3.85	0.39	0.17	0.56	30
LM11-118	94.98	96.04	1.06	0.63	0.24	0.88	28
LM11-118	144.68	146.77	2.09	0.33	0.23	0.56	41
LM11-119	191.1	193.5	2.4	0.26	0.10	0.36	28
LM11-119	258.74	261.26	2.52	0.29	0.15	0.44	34
LM11-119	268.24	270.5	2.26	0.34	0.15	0.49	32
LM11-120	178	179.93	1.93	0.49	0.26	0.75	35
LM11-121	215.57	217.63	2.06	0.31	0.21	0.52	40
LM11-121	222.46	225.35	2.89	0.43	0.34	0.77	44
LM11-122	55.16	56.5	1.34	0.33	0.30	0.63	47
LM11-122	80.07	82.17	2.1	0.26	0.28	0.54	52
LM11-122	86.12	87.69	1.57	0.41	0.40	0.81	49
LM11-123	82.47	85.69	3.22	0.37	0.32	0.68	46
LM11-123	96.75	99.62	2.87	0.18	0.21	0.40	53
LM11-123	123.07	126.43	3.36	0.62	0.47	1.09	43
LM11-124	112.1	113.81	1.71	0.26	0.19	0.46	43
LM11-124	129.4	132.88	3.48	0.39	0.28	0.67	42
LM11-125	180.83	182.17	1.34	0.29	0.16	0.44	35
LM11-125	184.42	186.69	2.27	0.48	0.56	1.04	53
LM11-125	203.59	205.79	2.2	0.38	0.30	0.68	44
LM11-126	86.52	88.42	1.9	0.99	0.36	1.36	27
LM11-126	96.15	99.54	3.3	0.62	0.28	0.90	31
LM11-127	161.35	162.91	1.56	1.60	1.47	3.07	48
LM11-127	197.78	199.54	1.76	1.37	0.70	2.06	34
LM11-127	228.67	234.23	2.67	0.35	0.16	0.51	31
LM11-128	151.46	161.13	4.94	0.42	0.29	0.71	41
LM11-128	162.84	165.85	3.01	0.56	0.28	0.84	33
LM11-128	175.13	193.88	3.05	0.73	0.32	1.05	31
LM11-129	268.9	271.66	2.76	1.07	0.55	1.62	34
LM11-129	319.94	321.2	1.86	1.57	0.64	2.22	29

• LREO = Light rare earth elements: La, Ce, Pr, Nd, and Sm as oxide
• HREO = Heavy rare earth elements: Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, Lu, and Y as oxide
• TREO = Total rare earth oxides: LREO + HREO
• Totals may not equal due to rounding
• Major contributing rare earth oxides to LREO and TREO: La2O3, Ce2O3, Nd2O3
• Major contributing rare earth oxides to HREO: Dy2O3, Gd2O3, Y2O3

"The completion and analysis of the 2011 drill program is another significant milestone for Ucore," said Jim McKenzie, President and CEO of the Company. "The 2011 drill program is remarkable for being the most ambitious to date, generating more linear metres of core during one season than in all of the previous drill seasons combined. The sheer size of the 2011 program clearly demonstrates that Ucore is rapidly increasing the scale and intensity of its development activities at Bokan. What's more, the rare earth grades obtained this year surpass all prior years, with several intercepts ranging from 2-3% TREO. The total core volume generated this year has been more than sufficient to upgrade the bulk of the existing resource from Inferred to Indicated under NI 43-101 guidelines, as the Company counts down to the release of a Preliminary Economic Assessment in the near future."

The 2011 exploration program confirmed the integrity and continuity of the Dotson Zone. The zone has a strike length of more than 2,000 metres, with an average width of 50 metres, and contains at least 24 high-grade mineralized veins or vein-arrays. The zone remains open both at depth and on strike. 2011 drill results show that there are multiple wide and high grade intersections within the steeper holes, indicating that the already high grade mineralization is apparently strengthening at depth. The results both reinforce and augment the historical U.S. Bureau of Mines resource estimate and geological model for the area (Warner & Barker; USBM OFR 33-89). The USBM model inferred persistent rare earth mineralization in the subject zone both along the strike and at the depth, in combination with anomalously high ratios of heavy to total rare earth elements.

In addition to standard diamond drilling, the 2011 field program included the generation of numerous bulk surface samples. These bulk samples are serving as input material for plant-scale metallurgical and innovative X-ray transmission ore sorting testwork being conducted at Hazen Research Inc. of Golden Colorado and Commodas Ultrasort of Hamburg Germany, respectively (see Ucore press release "Ucore XRT Testing Shows Prospective Doubling of Mill Feed Grade" Oct 31, 2011). The 2011 field program additionally included comprehensive environmental baseline testing, as well as desktop engineering studies, as a prelude to mine planning and development commencing in 2012. Beyond the central exploration targets at Dotson Ridge, Ucore exploration geologists conducted surface work at several Bokan-area REE occurrences in 2011, using prior USBM studies as a means of generating outbound targets.

NI 43-101 Compliance
The diamond drill core was split on site, with half the core transported by commercial carriers to the Activation Laboratories analytical facility in Stewart, B.C., Canada and analyzed at their labs in Ancaster, Ontario. Check assay samples were submitted to ALS Laboratories in Anchorage, Alaska, USA and analyzed at ALS Laboratories in Vancouver, B.C. Sample containers were sealed and chain of custody was maintained throughout the transport. The QA/QC program included the insertion of certified standards, blanks and duplicates in the submitted sample shipment; and laboratory insertion and analysis of standards and blanks, duplicates and re-splits. Analyses were made by inductively-coupled plasma mass spectrometry with lithium metaborate fusion, reporting whole rock analyses as an additional quality control measure. Reported values are length-weighted averages from multiple samples. All widths reported are core intercepts and do not reflect true width of the mineralized structure. Jim Robinson, P.Geo. (NWT), an independent geologist with Aurora Geosciences, has prepared the technical data relative to the drill assays provided herein and is the qualified person responsible for their accuracy.

Background
Ucore Rare Metals Inc. is a well-funded junior exploration company focused on establishing REE, uranium and other rare metal resources through exploration and property acquisition. With multiple projects across North America, Ucore's primary focus is the 100% owned Bokan - Dotson ridge REE property in Alaska. The Bokan - Dotson ridge REE project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia and has direct ocean access to the western seaboard and the Pacific Rim, a significant advantage in expediting mine production and limiting the capital costs associated with mine construction.

The Bokan properties are located in an area reserved for sustainable resource development with an existing road network providing access to the main target areas. REE mineralization at the Bokan-Dotson ridge project occurs in a well-demarcated vein system related to a Mesozoic Bokan peralkaline granitic complex. However, a number of other occurrences of REE mineralization are also located within, or at the margins of the complex. Viewed in a geological and geophysical context, the Bokan complex is a distinctive circular structure and is highly prospective for rare earth deposits.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

Contact Information

Ucore Rare Metals Inc.
Mr. Jim McKenzie
President and Chief Executive Officer
(902) 482-5214
www.ucore.com

Related articles

• Alaska's Billion Dollar Mountain (businessweek.com)
• Should DOE Pump Up Rare Earth Metals With Loan Guarantees? (earth2tech.com)
• Challenges Faced in Mining Rare Earths Trickier Than Imagined (ibtimes.com)

TNR Gold increases Rare Earth holdings in Canada.

TNR Gold Corp.
TSX VENTURE: TNR

Mar 01, 2011 08:30 ET

TNR Gold Corp.: Seabrook Ree Carbonatite Acquired; Sault Ste. Marie, Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 1, 2011) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR) is pleased to announce the acquisition of 100% ownership interest in the Seabrook Rare Earth Element Carbonatite Complex in northern Ontario (the "Property") through a combination of staking and option.
Key Highlights:

• 100% ownership and coverage of the Seabrook Carbonatite Complex;
• Significant REE potential indicated from previous operators' limited exploration;
• 4 grab samples grading 0.6, 1.5, 4.7 and 10.3% Nb₂O₅; and
• One sample grading 0.47% Ce₂O₅ and 0.22% La₂O₃ where only the Ce and La were analyzed for.

"The Seabrook Carbonatite Complex represents a significant addition to TNR's Rare Earth Elements property portfolio that also includes

Junior and Mid Tier Rare and Minor Metals Companies December Quarter 2010

Dec 01, 2010 06:00 ET

Resource Capital Research Report:

DENVER, CO--(Marketwire - December 1, 2010) -
Key Points

• Rare and minor metals (RMM) company share prices have climbed in the past three months (+56%), outperforming the ASX S&P 300 Metals and Mining Index (+12%), due to potential future metal shortages and price rises. Some recent gains were fueled by market speculation rather than fundamentals.
   
  
• The current market driver is China's policy of squeezing export quotas and raising tariffs, especially for the rare earth elements (REE).
   
  
• As we stated in 3Q10, demand for the RMM should increase in the next 4-5 years, which could benefit current and near-term producers, or exploration and development companies with projects that can be fast-tracked.
  

Resource Capital Research ("RCR"), an equity research company which focuses on small and mid size resource companies, today published its quarterly research report covering Rare and Minor Metals exploration, development and production companies.

The report covers TSX/V listed companies: Avalon Rare Metals Inc, Rodinia Lithium Inc.  Tnr Gold Corp. and ASX listed companies: Alkane Exploration Limited, Arafura Resources Limited, Globe Metals & Mining Limited, Greenland Minerals & Energy Limited, Gippsland Limited, Gunson Resources Limited, Galaxy Resources Limited, Icon Resources Limited, King Island Scheelite Limited.

RCR also publishes quarterly reviews of the Iron Ore, Uranium, Gold and Copper sectors. To access the free summary of the Rare and Minor Metals Report or to purchase the 56 page Subscribers report, go to www.rcresearch.com.au/reports.

The outlook for rare and minor metals


The past three months have seen considerable share price gains for some rare and minor metals (RMM) equities, as investors become aware of the potential for future supply shortages and consequent high metal prices. Speculation has cooled in the past month, but companies that have quality projects should retain some of their recent gains while prices remain above their pre-2H10 levels.

The main market driver is China, which is reforming its RMM sectors, by raising tariffs, reducing export quotas, and encouraging consolidation and vertical integration of production. China's stated aims are to increase domestic value-adding and use of the RMM, conserve resources, and improve industry monitoring and efficiency. China's actions could boost global RMM production.

Some examples of commodities with a stable to strong outlook for the next several years:

• Lithium: Increasing intensity of use is expected to require additional supply beyond 2014.
  
  
• Niobium: Industry forecasts are for FeNb consumption growth of ~15% per annum to 2014.
  
  
• Rare earth elements (REE): Forecasts are for 20-30% CAGR in prices to 2015. Export prices (China) up 510% year-on-year.
  
  
• Tantalum: A supply shortfall is expected to hand a competitive advantage to companies that provide a long-term supply of ethically produced tantalum.
  
  
• Tungsten: Supply shortages are indicated from 2013.
  
  
• Zircon/zirconium: A lack of greenfields projects could create supply shortages and boost prices in the near to medium term (1-3 yrs).
  

RMM deposits can take 5+ years to develop as mines, sometimes due to their geochemical complexity, and the challenge of financing projects that are considered to be outside the resources mainstream. This provides an opportunity for companies with projects that are advanced or can be fast-tracked, e.g. due to location, favorable chemistry, size and/or high grades.

Equity performances
Globally, RMM stocks have outperformed most exchange-based indices in the past 12 months. Share price performances have been studied, for 336 exchange-listed companies with one or more RMM projects (in six commodity groups: lithium, REE, tungsten, zirconium, niobium, tantalum). The unweighted average performance over 1 month (to November 17) was +11%, compared to 1% for Australia's ASX S&P300 Metals and Mining Index, and 0.1% for the ASX All Ords. Twelve-month performance was +56% (S&P300 MM, 12%). The average RMM company share price is 33% below its 12-month high and 155% above a 12-month low.

Analyst's Comment
"The past twelve months have overall been very strong for rare and minor metals markets," says RCR analyst Trent Allen. "The basket of stocks we looked at had an average share price increase of 56% over that period, beating most share market indices. This frenetic activity has raised the profile of rare and minor metals, which could help with future investment and project finance."

"As is so often the case with commodities, the force driving the market is Chinese policy. It's always difficult to be certain of China's intentions, so cuts in metal export quotas and talk of limiting production created a lot of uncertainty in 2010. This was compounded by China's willingness to use its dominant market position to gain political leverage, as shown by mention of the rare earth elements in recent trade and territorial disputes with Japan and the US.

"RCR recently attended the Sixth International Rare Earths Conference, organized by Roskill and Metal Events in Hong Kong, to try to gain a clearer picture of China's position on the RMM. It is apparently seeking to conserve mineral resources and add value to them in China, while simultaneously regulating its mining and metals industries to combat problems such as overcapacity, environmental damage and smuggling of high-value metals.

"This realization among investors, together with assurances from China about continue supply (again, focused on the REE), has taken some of the speculative heat out of RMM equities in the past month or so. RMM prices are unlikely to fall across the board for the foreseeable future, so long as fundamental market drivers remain in place, and companies with solid projects should on average retain the majority of their recent share price gains in the near to medium term.

"There should be opportunities for investors to profit from high-quality new RMM discoveries or from significant advances at existing projects, especially in terms of mineral processing and project funding."

About Resource Capital Research
Resource Capital Research ("RCR") (www.rcresearch.com.au) was founded in 2004 and is based in Sydney. RCR provides investors with in-depth reports on current investment opportunities in the mining sector both in Australia and globally. The focus is on small and mid cap resource companies, within the iron ore, uranium, gold, copper and rare/minor metals sectors, ranging from exploration stage, through development and production. John Wilson, the principal of the firm and analyst, has over ten years' experience analysing mining companies in Sydney and on Wall Street including for major investment banks. Dr. Trent Allen, Rare and Minor Metals Analyst, joined RCR in 2006. Trent has extensive experience as a mine geologist, academic and journalist.
The report is available at www.rcresearch.com.au. The next Rare and Minor Metals Company Review will be of the March Quarter, 2011.
For further information please contact:

Trent Allen
Rare and Minor Metals Analyst
(+61 (0) 438 873 682)

John Wilson
Managing Director

Resource Capital Research,
Phone: (+61- 2) 9252 9405

Related articles

• UPDATE 1-Avalon Rare Metals looks to list on NYSE Amex (reuters.com)
• US reserves of rare earth elements assessed for first time (newscientist.com)

Million oz. Gold property at Shotgun, Alaska now 100% owned by TNR Gold Corp

TNR Gold Corp.: 100% Interest Negotiated on Shotgun Gold Project, Alaska7 hours ago by Marketwire

 TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE: TNR) is pleased to announce an increase to a 100% undivided ownership interest in the Shotgun project in Southwestern Alaska (the "Property") through the acquisition of NovaGold Resources Inc.'s ("NovaGold" or the "Vendor") outstanding 50%.

Key Highlights:

--  Acquires NovaGold's 50% interest in the Property to increase it's
    ownership to 100%;
--  6,000,000 shares and 3,000,000 warrants in the Company for consideration
    of NovaGold's 50% interest;
--  Shotgun Ridge contains a Non NI43-101 historical resource of 980,000
    ounces grading 0.93 g/t(i);
--  210.5 metres grading 1.29 g/t Au at Shotgun Ridge indicates higher grade
    feeder zone open at depth; and
--  $8 million spent on the project to date by the Company and previous
    operators.

"The Shotgun property is a major gold asset and the successful unification of a 100% interest translates into a significant increase in inherent value for the Company," states Gary Schellenberg, CEO - TNR Gold Corp. "The current economic climate is ideal for the advancement of a project such as this and we look forward to the opportunity to realize its potential."

NovaGold has agreed to sell its remaining 50% participating interest in the Property (the "Interest") to the Company in consideration for receiving an aggregate of 6 million common shares and 3 million share purchase warrants in the capital of the Company. In addition, a 2% net smelter returns royalty from mineral products produced from the Property will be granted to the Vendor by the Company, which can be purchased by the Company for USD 5 million any time prior to a production decision having been made.

Each share purchase warrant shall entitle the Vendor to acquire one common share in the capital of the Company for a period of three years following the completion of the purchase and sale of the Interest (the "Closing Date") at a price of C$0.20 per share from the Closing Date until the date which is one year from the Closing Date, at a price of C$0.25 per share from the date which is one year and one day from the Closing Date until the date which is two years from the Closing Date and at a price of C$0.30 per share thereafter until the expiry date.

Shotgun Project
The Shotgun project is located 175 kilometres south of Donlin Creek within the Kuskokwim Gold Belt in Southwestern Alaska, an area emerging as a world-class gold district hosting more than 40 million ounces of aggregated gold resources. The Shotgun project includes a number of prospects, including Shotgun Ridge and nearby Winchester. Donlin is an intrusion-associated system and represents one of the largest undeveloped gold deposits in the world. The Company believes that there are several key similarities between prospects in the Shotgun Project area and that of the Donlin Creek gold deposit as well as other intrusion associated deposits.

Previous work at Shotgun Ridge by NovaGold has estimated a historical resource of 980,000 ounces grading 0.93 gram per tonne (g/t) at a cut-off of 0.5 g/t(i).

The Company built on NovaGold's previous exploration work on Shotgun Ridge and a subsequent drill program in early 2006 reported a 210.5 metre intersection grading 1.29 g/t Au, which has led to the identification of two higher grade feeder zones and leaves the mineralization open at depth. This discovery intersection has yet to be followed up and an updated NI43-101 compliant resource has yet to be estimated.

To date there has been 4,095 metres of drilling at Shotgun Ridge.

(i)(Not a NI43-101 compliant resource. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. This resource estimate is quoted from the Technical Report on the Shotgun-Winchester Project, SW Alaska. 7 March 2008 and available on www.sedar.com).

The Winchester zone is an underexplored intrusion-associated gold prospect situated approximately 16 km south of Shotgun Ridge. The full extent of mineralized sills and dykes at Winchester is unknown since only 1.5 kilometres out of the 8 kilometre long ridge, host to numerous unexplained gold geochemical anomalies, has been explored in detail. Drilling during 2005 and 2006 identified gold-bearing sills in the eastern end of the Winchester zone. To date there has been 1,653 metres of drilling at Winchester.

Although the style of gold mineralization in sills at Winchester is quite different from the quartz-breccia stockwork that hosts the gold at Shotgun Ridge, the two prospects are geochemically very similar and are considered to be part of the same overall system. TNR believes a major structural axis, encountered in several drill sections, is critical to the mineralization and runs parallel to the ridge at Winchester. The next phase of exploration at Winchester will extend into the untested area along the ridge to the west in the direction of the structural axis.

The other two prospects that make up the Shotgun property are Shot and King. Shot contains some of the strongest geochemical anomalies on the Property and needs to be tested for similar mineralization to that found at Winchester. King includes several unexplained geochemical anomalies as well as a drill ready breccia zone.

John Harrop, P.Geo, is the company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.

ABOUT TNR GOLD CORP. / INTERNATIONAL LITHIUM CORP.
The Company is a diversified international metals exploration company focusing on the continued advancement of existing properties and identifying and acquiring new prospective projects. The Company has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, will be held or optioned to the Company's wholly owned subsidiary International Lithium Corp upon completion of a proposed plan of arrangement.

The objective of the proposed plan of arrangement is to spin out the Company's rare metals property interests into a separate public company, International Lithium Corp. This proposed plan of arrangement has been approved by the Company's shareholders and the courts of British Columbia. The Company will now proceed with the spin out and will provide updates 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.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the combined companies' commitments to generating projects, diversifying its markets, and building shareholder value.

On behalf of the board,
Gary Schellenberg, President
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434

Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements. 

Neither the 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.

Contacts:
TNR Gold Corp.
Gary Schellenberg
President
(604) 687-7751 or 1-800-667-4470
(604) 687-4670 (FAX)
info@tnrgoldcorp.com
www.tnrgoldcorp.com

SOURCE: TNR Gold Corp.

mailto:info@tnrgoldcorp.com
http://www.tnrgoldcorp.com 

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