Vancouver, British Columbia--(Newsfile Corp. - October 18, 2023) - TNR Gold Corp. (TSXV: TNR) ("TNR", "TNR Gold" or the "Company") is pleased to announce that McEwen Mining Inc. ("McEwen Mining") has provided a significant financing update on the Los Azules copper, gold and silver project in San Juan, Argentina. TNR holds a 0.4% net smelter returns royalty ("NSR Royalty") (of which 0.04% of the 0.4% NSR Royalty is held on behalf of a shareholder) on the Los Azules Copper Project. The Los Azules project is held by McEwen Copper Inc. ("McEwen Copper"), a subsidiary of McEwen Mining.

The news release issued on October 11, 2023, by McEwen Mining stated:

"McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSE,TSX), is pleased to announce a binding agreement for an additional $10.0 million investment by Nuton LLC, a Rio Tinto Venture, and existing McEwen Copper shareholder.

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https://www.newsfilecorp.com/release/184363/TNR-Gold-NSR-Royalty-Update-Los-Azules-Copper-Gold-and-Silver-Project-McEwen-Copper-Announces-10-Million-Additional-Investment-by-Nuton-a-Rio-Tinto-Venture