Mr. Alexander Listov 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 Listov acquired 2,400,125 units of International Lithium, each unit consists of one common share and one share purchase warrant. Each warrant entitles Mr. Listov 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 3.64 per cent of the outstanding common shares of International Lithium. Also, on May 19, 2011, pursuant to a plan of arrangement between TNR and International Lithium, Raymond W. Smith Ltd., a company controlled by Mr. Listov, acquired 3,332,875 units of International Lithium. Each unit consists of one common share and one warrant. Each warrant entitles Raymond W. Smith 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 6.57 per cent of the outstanding common shares of International Lithium.

In addition, pursuant to a concurrent private placement, Raymond W. Smith acquired an additional one million units (the PP units) of International Lithium at a price of 25 cents per PP unit, each PP unit consisting of one common share and one share purchase warrant. Each PP warrant entitles Raymond W. Smith to purchase an additional PP common share at a price of 37.5 cents per PP common share in the capital of International Lithium up to May 19, 2013. Raymond W. Smith's common shares represent approximately 6.57 per cent of the outstanding common shares of International Lithium.

After giving effect to the issuance of the common shares and warrants, Mr. Listov now holds directly 2,400,125 common shares and a total of 2,400,125 warrants. Raymond W. Smith, a company controlled by Mr. Listov, now holds 4,332,875 common shares and a total of 4,332,875 warrants. All together, this represents an 18.53-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. Listov and Raymond W. Smith pursuant to a plan of arrangement between TNR and International Lithium, and the PP common shares and the PP warrants acquired by Raymond W. Smith were acquired for investment purposes. Subject to availability, price, the general state of the capital markets and the financial condition of International Lithium from time to time, Mr. Listov and Raymond W. Smith may purchase or sell securities of International Lithium.

Neither the TSX Venture Exchange nor its regulation service provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.