Corporate Presentation June 2016

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

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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

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

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

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

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

TSX.V : TNR 7 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.

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

Long Section Through the Los Azules Deposit

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Los Azules – Location of Resources

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

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

TSX.V : TNR 11 Source: McEwen Mining Inc.

Shotgun

Pebble

Donlin

Fort Knox

Pogo

The Shotgun Project

SHOTGUN

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)

Shotgun Ridge – ROOM TO GROW!

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A A’

OPEN

Mineralization not included in resource estimate.

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.

The Shotgun Project – Understanding Targets

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200 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

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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

25

km

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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

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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

• 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

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

JV Partnership Project Submission

Financing

We welcome your inquiries Investor Relations hub

http://www.tnrgoldcorp.com/s/StockInfo.asp

Investment in TNR Interested in our

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

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“MORE THAN GOLD”

Thank You

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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

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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.

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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