TNR Gold, International Lithium, Los Azules Copper, Shotgun Gold, Energy Royalty Company, Energy rEVolution

1. Corporate Presentation
June 2016

2. The TSX Venture Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this presentation. Statements in this presentation 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. This presentation 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 might vary materially from those described in this presentation.
Readers should verify any & all claims and do their due diligence before investing in any
securities mentioned. Investing in securities is speculative and carries a high degree of
risk.
The technical information in this presentation was prepared under the supervisory
authority of John Harrop, PGeo, FGS, a Qualified Person as defined by National
Instrument 43-101 (“NI 43-101”) and Vice President of Exploration for TNR Gold Corp.
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FORWARD

3. TSX.V : TNR 3
TNR GOLD CORP.
“Lead Project Generator”
• Mineral Exploration:
– Precious Metals and Base Metals
– Strategic Focus on Rare Metals
• Proven Business Model:
– Early Identification and Acquisition of Mineral Prospects
– Selectively Advance Projects Internally
– Employ JV Partnerships to Diversify Costs and Risk
– Maximum Value Achieved Over Minimum Period of Time
• 66% Owned by Insiders and Management
• Experienced Management Team

4. Trading Symbol: TSX.V : TNR
Shares Issued: 148 Million
Fully Diluted: 159 Million
Management and Insiders: 66%
Institutional Holdings: 14%
Transfer Agent: Computershare
TNR’S Market Cap = $6.6M (April 15, 2016)
1. Is TNR undervalued?
2. What is a realistic expected value?
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SHARE STRUCTURE

5. Shotgun Gold Project
Alaska
Los Azules Copper Project,
San Juan, Argentina
Head Office, Vancouver
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PROJECTS
Los Azules, Argentina
• World Class Cu-Au deposit
• 0.36% NSR
Shotgun Gold, Alaska
• Porphyry deposit
• Multi-million oz potential
• Well defined mineralization
model
International Lithium Corp.
• TNR spin out 2011
• Strategic partner advancing
two lithium projects
• TNR holds 21.18% interest
New commodity search ongoing

6. No need for immediate financing
No need to roll back!
Value Increase on the Horizon!
1. Actively seeking purchaser for Los Azules asset
LA sale will provide funds for Shotgun!
2. Spin-out of Shotgun in the works
3. ILC developing assets with strategic partner
4. New ‘low entry cost’ projects generation underway (IM,
Cu-Zn-Au)
5. Large insider support (66%)
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TNR Gold’s Upside

7. Recent Investments in Argentina show support for security of
resource development
• Yamana Gold investing $450M to
develop Cerro Moro
• Chevron investing $1.6B for shale oil
and gas development
• Repsol receives $5B compensation
• Lumina Copper, Taca Taca sale $470M
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Source: McEwen Mining Inc.
Los Azules, San Juan, Argentina
"I think to finally reach a friendly agreement on this
contentious issue that has taken two years is extremely
positive," said Antonio Brufau, Repsol's chairman.

8.  Los Azules ranks as one of the top 2 or 3 world class deposits that are “for
sale” and in a low risk jurisdiction
 TNR has a 0.36% NSR on the entire deposit and will get 1% of any purchase
price paid to & received by McEwen in respect of any sale, assignment of
transfer of all of its interest in the Project
 Current resource using a cut-off grade of 0.35% Cu(2):
 Indicated - 389 million tonnes grading 0.63% Cu, 0.07 g/t Au and 1.8 g/t Ag
 Inferred - 1.397 million tonnes grading 0.46% Cu, 0.06 g/t Au and 1.9 g/t Ag
 Total contained copper is 8.93 Mt or > 19 B lb (+ 3.42 Moz gold and 108.7
Moz silver credits)
Summary(1)
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(1) Resource estimates and economic analyses regarding the Los Azules project are derived directly from public information and technical
reports provided by McEwen Mining Inc. The technical information is reportedly prepared and/or approved by qualified persons as
defined under NI 43-101 standards for disclosure. TNR Gold Corp. has not engaged an independent qualified person to verify the
technical disclosures provided by McEewn Mining Inc. Mineral resources are not mineral reserves and there is no guarantee that the
resources reported herein will result in an economic mining scenario.
(2) The mineral resources as reported by McEwen Mining can be found their press release dated May 15, 2013.
Los Azules

9. Long Section Through the Los Azules Deposit
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Los Azules – Location of Resources

10. Preliminary Economic Assesment, McEwen Mining
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McEwen’s press release of Sept 23, 2013 states that Los Azules has the
potential to become one the largest, lowest cost copper mines in the world.
PEA HIGHLIGHTS: CAPEX $3.9B
AVERAGE COST $1.08/lb Cu
LIFE OF MINE 35 years
NOTE: Recent Las Bambas transaction works out to ~ 1.7 cents per in-situ lb of
copper
Los Azules – What It Might Be Worth
* See Appendix for conceptual value based on in-situ copper price and estimated costs to back in
** Based on precedent transactions

11. Gold in Alaskan Elephant Country
90% ownership by TNR
Located in SW Alaska near Donlin Gold
and Pebble
Alaska is rising in terms of policy index
according to the Fraser Institute’s “Annual
survey of mining companies”
Mineralization style is similar to Donlin
Infrastructure development, community
support and permitting process at Donlin
will benefit Shotgun
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Source: McEwen Mining Inc.
Shotgun
Pebble
Donlin
Fort Knox
Pogo
The Shotgun Project
SHOTGUN

12. Shotgun Ridge – Mineralized Intervals
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27.4m of 2.3 g/t Au
NE-Zone
Mid-Zone
SW-Zone
22m of 2.86 g/t Au
18.4m of 2.03 g/t Au
• 12-56 returns 242m of 1.25g/t Au over all three mineralized zones
• 12-57 returns 209m of 1.02g/t Au over all three mineralized zones
• 12-58 returns 46.55m of 1.14 g/t Au (hole ended prior to intersecting MID and NE-zones)

13. Shotgun Ridge – ROOM TO GROW!
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A A’
OPEN
Mineralization not included in resource estimate.

14. The Shotgun Project – Mineral Resource
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* See final slide for a full description of the resource estimate.
Inferred Mineral Resource, 2013*
• 20,734,313 tonnes @ 1.06 g/t Au
• 705,960 ounces Au
• 0.5 g/t Au cut-off
• Mineral resource is located from surface to a
depth of 150m
• Resource is located on a ridge, forming a
topographic high
• Mineralization appears to be uniform with little-
to-no “nugget effect”
• Mineralization in some drill holes not included in
resource model
• Mineralization appears to be open at depth, and
along strike
• Can add additional resources with future drilling
Mineralization not included
in resource estimate.

15. The Shotgun Project – Understanding Targets
TSX.V : TNR 15200 m
Area of current resource
and drilling
New undrilled targets have potential to host multi-million ozs of gold
IP surveys and drilling cover a small portion of intrusive complex

16. TSX.V : TNR 16
The Shotgun Project – Opportunity
Camp Scale Opportunity
• Shotgun Ridge is just one of multiple gold
target areas
• Gold mineralization identified at each
prospect: Shot, King, and Winchester
• This group of prospects forms a distinct
gold district held 90% by TNR
• Surface geochemistry identifies multiple
gold anomalies with no known source
• Poor outcrop limited prospecting efforts in
the past
• IP surveys can identify mineralized areas
25km

17. TSX.V : TNR 17
International Lithium Corp. (ILC:TSX.V)
TNR Gold holds 21.18% Equity Stake
Avalonia Li,
Ireland
Mariana Li-K Brine Project,
Salta, Argentina
Head Office,
Vancouver
Mavis Li-REE,
Raleigh Li, Ta
Forgan Li-REE
Ontario
In 2010 TNR identified and acquired
a global portfolio of lithium projects.
TNR created a company for the
development of these Lithium
resources internationally
International Lithium Corp. was
listed on May 24, 2011
Market CAP: $24M
Avalonia - $10M work plan funded
by partner
Mariana – Strategic partner fast-
track to production.
TNR holds 1% NSR

18. 18
Mariana Lithium-Potash
Brine, Argentina
Avalonia, Ireland
Mavis Lake, Ontario
Strategic partner, Ganfeng Lithium
looking to fast-track production of Li-
concentrated brine
Strategic partner, Ganfeng Lithium
committed to spend $10M
Historic Resource
Excellent location/infrastructure
Actively seeking strategic partner
International Lithium Corp. (ILC:TSX.V)
TNR Gold holds 21.18% Equity Stake
Raleigh, Ontario
Lithium / Tantalum project
Excellent location/infrastructure
Several main pegmatites and numerous
smaller ones
Forgan Lake, Ontario
Historic high grade channel samples
Extensive soil geochem anomaly
Drill ready targets

19. • Gary Schellenberg, B.Sc. (Geol.), President, CEO
• Jerry Bella, CGA, CFO
• Roberto Lara, Managing Director (South America)
• John Harrop, P.Geo, VP Exploration
• Anthony Kovacs, COO
• Dr. Frederick Breaks P.Geo, Special Adviser to Board
• Gary Schellenberg, B.Sc. (Geol.) – Executive Chairman of Board
• Kirill Klip, MBA – Non-Executive Chairman of Board
• Greg Johnson B.Sc.– Director
• Paul Chung, B.Sc. (Geol.), MBA - Director
Directors
Management
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MANAGEMENT AND DIRECTORS

20. Los Azules
1. No need for financing, sale of asset will fund Shotgun and
new projects
2. Potential value to be realized?
Shotgun Gold
1. Porphyry system = BIG potential resource
2. Mineral system well understood
3. Only one target tested = +700,000oz Au resource
4. Room to grow!
5. Plans to spin out to capture shareholder value
International Lithium
1. Developing assets with funding from strategic partner
New projects generation (ahead of the curve)
1. Critical and Strategic Minerals
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TNR Gold’s Upside

21. JV Partnership Project
Submission
Financing
We welcome your inquiries
Investor Relations hub
http://www.tnrgoldcorp.com/s/StockInfo.asp
Investment in TNR
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projects?
Send us your
projects!
Info @ tnrgoldcorp.com
Address P.O. Box 11604, 620 - 650 West Georgia St.
Vancouver, British Columbia, V6B 4N9, Canada
Caroline Klukowski
Phone: 604-687-7551
Fax: 604-687-4670
ck@tnrgoldcorp.com
Contact Us Today
21

22. “MORE THAN GOLD”
Thank You
22

23. The Shotgun Project
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The Pebble Controversy
• The Shotgun Project straddles the Bristol Bay
and Kuskokwim Recording District boundary
• The Donlin Creek project is in the Kuskokwim
Recording District
(“Donlin Gold enjoys broad support from both the Government of Alaska
and the Alaska Native Corporations who are important participants in the
project.” Novagold website September, 2013.)
• Kuskokwim District is less than 1 kilometre
“downhill” from the Shotgun Ridge Deposit
• Despite the difficulties at Pebble, Alaska is
still considered one of the best mining
jurisdictions in the world
Area of current
resource

24. TSX.V : TNR 24
Shotgun Zone Resource Estimate: effective date May 27, 2013
The Shotgun Zone mineral resource estimate is based on 34 diamond drill holes (NQ) totaling 4,932.3 metres, with 2,481 assays (0.2 up to 10 metres in length). Holes
were drilled by several operators in five drill campaigns conducted between 1984 and 2012. The 34 drill holes are spaced primarily 40 to 100 metres apart in an area
of approximately 375 x 300 metres. The drill holes tested mineralization to a vertical depth up to 150 metres.
The Shotgun gold mineralization is associated with intrusions of various compositions (incl. granite porphyry) which intruded the Cretaceous sedimentary rocks of the
Kuskokwim Group. Mineralization was emplaced within a compressional environment evidenced by northeast oriented right lateral strike slip faulting and open
folding with northwest oriented axes. In the Shotgun Zone, northwest oriented dilational jogs or relay zones host mineralized quartz breccias. A resource model for
the Shotgun Zone was constructed based on the distribution of the gold mineralization (> 0.3 to 0.5 g/t Au) and this model was used to constrain the composite
values chosen for interpolation, and the ore blocks reported in the mineral resource. A block model (x – 548000, y – 6697000, z – 800, no rotation) with block
dimensions of 5 x 5 x 5 metres in the x, y and z directions was placed over resource model solids with only that proportion of each block below the
topographic/overburden surface and inside the solid recorded.
Grades for gold were interpolated into the blocks by the inverse distance squared (ID2) method using a minimum of 2 and maximum of 12 composites to generate
block grades in the Inferred resource category. The search ellipse used to interpolate grade into the blocks measured 110 x 60 x 110 (Principle Az – 235°, Principle Dip
- 25°, Intemediate Az.- 325°). The size and orientation of the search ellipse approximates the strike, dip and thickness of the resource model and takes into account
the limited drilling and relatively wide spacing of the drilling.
Two metre composite samples were used in the resource estimation. An average specific gravity (SG) of 2.60 was used for the resource estimate. The average SG
value is based on limited SG testing (18 samples) of representative mineralized core from 11 drill holes which intersect the resource model. Gemcom GEMS 6.4.1
software was used to complete the resource estimate.
GeoVector has estimated a range of Inferred resources at various Au g/t cut-off grades (COG) for the Shotgun Zone. The current inferred resource is stated using a
grade cut-off of 0.50 g/t Au. A cut-off grade of 0.50 is considered a reasonable economic cut-off grade for the Shotgun zone to maximize the grade of the resource
while maintaining a coherent model of the resource. A COG of 0.50 is a reasonable cut-off for this type of Au deposit in this region (Donlin, Livengood).
The inferred mineral resource estimate has been prepared in compliance with the standards of NI 43-101 Allan Armitage, PhD., P.Geol., of GeoVector Management
Inc., and is responsible for the technical comments related to the resource estimate and its parameters. Armitage is an “independent qualified person” for the
purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators and has verified the data disclosed in
this release.
For more information see TNR Gold Corp. news releases dated April 22 and May 30, 2013 and SEDAR.

25. TSX.V : TNR 25
Shotgun Zone Resource Estimate: effective date May 27, 2013
For more information see TNR Gold Corp. news releases dated April 22 and May 30, 2013 and SEDAR.
Shotgun Ridge Inferred Resource – Au (g/t) cut-off
Cut-off Tonnes Grade (g/t) Grams Ozs
<0.1 g/t 24,551,029 0.96 23,628,833 759,770
0.1 g/t 24,545,917 0.96 23,628,825 759,769
0.2 g/t 24,545,917 0.96 23,628,825 759,769
0.3 g/t 24,509,842 0.96 23,618,643 759,442
0.5 g/t 20,734,313 1.06 21,955,342 705,960
0.7 g/t 14,779,225 1.24 18,367,655 590,600
1.0 g/t 9,101,458 1.49 13,602,038 437,365
1.5 g/t 3,722,669 1.90 7,081,574 227,703
2.0 g/t 874,455 2.52 2,203,359 70,848
3.0 g/t 63,168 3.16 199,328 6,409
4.0 g/t 1,300 5.46 7,096 228
5.0 g/t 650 6.53 4,243 136
Modeled based on a 0.3 – 0.5 g/t Au cut-off