VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2011) - TNR Gold Corp. (the "Company") (TSX VENTURE:TNR) has arranged a $1,000,000 bridge loan (the "Loan") from one of its current shareholders (the "Lender") to provide short-term working capital. The Loan is due and payable on or before November 30, 2012 and is secured by a promissory note, general security agreement and deed of trust over the Company's mining claims located in Alaska. The Loan will bear interest at the rate of 8% per annum. In consideration for the advance of the Loan, the Company will grant a bonus of $50,000 to the Lender, payable by way of 1,000,000 common shares of the Company at a deemed price of
.05 per common share. The bonus shares will be subject to a hold period of four months and a day from issuance.
The Loan and issuance of the related bonus shares is subject to the approval of the TSX Venture Exchange.