Mr. Kirill Klip reports

TNR GOLD ANNOUNCES RESCHEDULING OF ANNUAL GENERAL AND SPECIAL MEETING

TNR Gold Corp. has cancelled its annual general and special meeting of shareholders has been cancelled. The meeting was originally scheduled to be held at 10 a.m. Pacific Time on Sept. 22, 2026, and will instead be held on a date to be announced as soon as reasonably practicable.

The board of directors of the company has determined that cancelling the meeting is necessary and in the best interests of the company and its stakeholders. As previously announced, TNR is investigating suspected co-ordinated acquisitions and voting of TNR shares by Eucalyptus Resources Opportunities Fund 1 LP and certain shareholders believed to be acting jointly or in concert with Eucalyptus. In light of the pattern of acquisitions and other co-ordination between suspected joint actors, TNR is concerned that shareholders may have been deprived of material information, the potential benefit of a mandatory takeover bid under applicable securities laws, and other potential corporate steps. TNR is also concerned that proxy solicitation materials filed and delivered to shareholders by Eucalyptus may fail to comply with applicable legal requirements.

The company has raised these concerns with securities regulators.

The board is committed to the integrity of the voting process and remains committed to holding the meeting. Given the unresolved concerns and the proximity of the meeting, the board is rescheduling the meeting to ensure transparency and protect shareholders' interests, allow securities regulators to address the issues raised, and enable the company to take appropriate steps to ensure that shareholders have all required information and material to make fully informed decisions at the rescheduled meeting.

TNR previously obtained approval under the Business Corporations Act to hold its meeting by Dec. 24, 2026. The company intends to hold the meeting as soon as practicable and before that time and will provide shareholders with ample notice of the new meeting date once it has been confirmed.

We seek Safe Harbor.