Mr. Alexander Chistyakov reports
EARLY WARNING REPORT JUNE 8, 2011
On May 19, 2011, pursuant to a plan of arrangement between TNR Gold Corp. and International Lithium Corp., Alexander Chistyakov acquired 3,927,625 units of International Lithium. Each unit consists of one common share and one share purchase warrant; each warrant entitles Mr. Chistyakov to purchase an additional common share of International Lithium any time up to May 19, 2013, at a price of 37.5 cents.
The common shares represent approximately 5.95 per cent of the outstanding common shares of International Lithium.
After giving effect to the issuance of the common shares and warrants, Mr. Chistyakov now holds, directly or indirectly, a total of 3,927,625 common shares and 3,927,625 warrants, which represents an 11.24-per-cent interest, assuming exercise of all of the foregoing warrants.
The common shares and the warrant shares of International Lithium were acquired by Mr. Chistyakov pursuant to a plan of arrangement between TNR and International Lithium. Subject to availability, price, the general state of the capital markets and the financial condition of International Lithium, from time to time Mr. Chistyakov may purchase or sell securities of International Lithium.
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