TNR GOLD AMENDS LEGAL ACTION TO SEEK RECTIFICATION CONFIRMING 25% BACK-IN RIGHT

On Aug. 8, 2008, TNR Gold Corp. amended its writ of summons in the action commenced on June 30, 2008, in the Supreme Court of British Columbia against MIM Argentina Exploraciones SA, a subsidiary of Xstrata PLC. In the amended action TNR is adding:

"Further, the Exploration and Option Agreement, to the extent that it purports to terminate Solitario's (TNR's Argentina subsidiary) right to buy back equity in mining and exploration tenures acquired by MIM pursuant to the Exploration and Option Agreement if MIM fails to complete a feasibility study on any part of the properties within 36 months of exercising its option does not reflect the true agreement and common intention of the parties and was the result of a mutual mistake of the parties. The true agreement of the parties was reflected in the Letter of Understanding which provided that Solitario's back-in right subsists until 120 days after completion by MIM of a feasibility study on any part of the acquired properties. The plaintiffs therefore seek rectification of the Exploration and Option Agreement to accord with the true intentions of the parties.

"Further, or in the alternative, the 36 month provision in the Exploration and Option Agreement was inserted by MIM without consideration and is unenforceable.

"Further, or in the alternative, Solitario says that MIM is in breach of the Exploration and Option Agreement by entering into an agreement or agreement with a third party to undertake exploration work on the acquired properties without requiring the third party to complete a feasibility study on any of the properties within any time frame."

Los Azules/Escorpio IV update

The following is a summary in chronological order of recent events, news releases and developments from Minera Andes Inc. (MAI) pertinent to the Los Azules property that had not been previously released by TNR.

In Stockwatch on Sept. 25, 2008, MAI announces excellent metallurgical testing results at Los Azules, recovering up to 96 per cent copper. In addition a costing and operational cost scoping study is scheduled for completion in December, 2008.

In Stockwatch on Sept. 8, 2008, MAI announces a mineral resource estimate of 922 million tonnes of 0.55 per cent copper as Los Azules, totalling to approximately 11 billion pounds of copper.

For more information about specific news release details, please refer to MAI's news and investor section directly.