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File: #346110-v1-LISTOV EWNR for TNR dated March 22, 2013.DOCX

PRESS RELEASE FOR IMMEDIATE RELEASE
Early Warning Report 


March 22, 2013 - Alexander Listov has acquired a further 3,750,000 common shares in the capital of TNR Gold Corp. ("TN
--->R") at prices ranging from $0.045 to $0.07 per common share since Mr. Listov's last early warning report dated October
---> 5, 2010, which common shares represent approximately 2.58% of the outstanding common shares of TNR.

Alexander Listov now holds 13,350,500 common shares and Raymond W. Smith Ltd., a company controlled by Alexander Listo
--->v holds 13,331,500 common shares, totalling 26,682,000 common shares in TNR. As at March 21, 2013, TNR had 147,816,447
---> common shares outstanding, of which Alexander Listov and Raymond W. Smith Ltd. together owned, or exercised control o
--->r direction over an 18.05% interest in the outstanding common shares of TNR.

The common shares of TNR were acquired by Alexander Listov for investment purposes. Subject to availability, price, th
--->e general state of the capital markets and the financial condition of TNR from time to 
time, Alexander Listov may purchase or sell securities of TNR.



The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this pres
--->s release nor have they approved nor disapproved the content thereof.




For more information communicate with:  Alexander Listov 98000 Monaco
4 avenue des Guelfes
Memmo centre
Tel: +33614564370