US Dollar Collapse: Reversal in Confirmation TNR.v, CZX.v, GRC.to, NGQ.v, GBN.v, ASM.v, EPZ.v, KTN.v, FVI.to, MGN, VTR.v, GDX, SLV, HUI, XAU, BTT.v,

"We will speculate on the real events behind the scene on a day of Cyber Meltdown: spectacular Dow Crash by the magnitude of 1000 point in fifteen minutes. We will develop a very strong argument in favour of Inflation and its cost based on PhD Thesis: At what point price of Oil becomes prohibitive to use Helicopters by Ben Bernanke in his open market operations. We will draw some lines on How Lithium, Gold and price of Oil are connected and what it means to be grounded. In the end we will leave you with the question: Where to invest - In Ben Bernanke, Ink Factory, Helicopters, Oil or Gold and Lithium?
Our memories from 2008 meltdown and the last deflation strike in March of last year are still too vivid for us to stay rational amid recent market panic of this week. Was it the fat finger, Cyber Meltdown or revenge of the Government Sachs, which was striped of its Olympus glamour is not so important - the most important message is the reaction of the Market itself and actions of the people in charge to follow."

We have further confirmation of US Dollar Bearish reversal with double Top in the making now. We need to clear 85.17 on the down move to make it decisive. China's confirmation of confidence in Euro was the last shoe to drop for Green Fellow levitation: as you can see below it was a very expensive exercise. Markets were again in a free fall and they better stop now at the key technical levels. Second Deflation Scare episode is almost over and price will be paid by further debasement of all currencies against the Gold, Silver and Oil amongst other commodities.

Dow is in Bullish Reversal now at the key technical level confirming the third test of the lower band of recent trend. We have a very bullish candle two days ago and yesterday the level was retested by late day selling. Today's action provides another confirmation for Deflation Scare to be subsiding and Euro panic is slowing down with news from China, declining review of SAFE Euro holdings. Fear index below is confirming its Reversal and appetite for Risk assets will be coming back with further improvement in indicators fooled by flood of liquidity provided. Euro bail out with almost 1 Trillion in USD terms and QE on the run have shadowed domestic bills for another 30 billion in Job support program and further requests for capital from bottomless Freddy and Fannie.

Risk appetite is coming back and this Summer can be really Hot in some sectors, we think that Oil starting from 70 USD now after this Second Deflation Scare on sovereign default will provide necessarily catalyst for the move above 90 USD. Our Lithium play will be enjoying next bull leg up with oil passing north of 80 USD.

"Recent Oil Spill shows the real price for Oil and leaves no doubt for us that there will be no more cheap oil: offshore drilling is costly now, it will be even more costly later. Relatively cheap Oil is in the hands of state owned companies in not so friendly to U.S. places. Oil squeeze will come from diminishing production rates and rising Inflation. The move will be even more explosive than in the Gold market - in the end only minority of people is effected by the gold price even now, Oil is the underlining of all Western Energy Diet. It is not sustainable. Emerging markets are taking more and more share of world wide production, oil producing countries are spending more at home. If you account all cost to produce, deliver and protect Oil supply to U.S. corp the price is already above 150 USD/barrel.
"Peak Oil and Lithium: Joint Operating Environment 2010
Please pay attention, this report is written by those who knows the Real Price of Oil. If you account all military needed to protect Oil supply lines and cost of wars to get more oil, price will be well above 150 USD/barrel already. Now we all have another problem: there is simply no more oil enough for all. Will future wars for oil be the only answer?"
Another "liberation" operation like Iraq, this time against Iran will break the camel's back with no return point. Competition for Oil is heating up and aggressive move by China into Electric Cars leaves no other options for US than to follow. In order to keep power China needs gradually improve standard of living, it will bring upside pressure on labor cost. Electrification will not only provide Energy Security to China, but will significantly reduce the cost of its transportation element and provide another opportunity to stay among low cost producers. Situation is completely different to U.S. - they have capital to invest in Electric Mobility CAPEX now and rip the rewards of lower cash cost on transportation side later. We will refer you to the Economics of Electric Cars.
Recent Ash Cloud events in Europe brought a very sobering sense of the feeling to be grounded. It is amazing how many things are taking for granted. This time it is Ash Cloud - what will happen with oil above 150?
Electric Cars is the only commercially viable technology today to sustain mobility world wide with rising Oil prices. Lithium is at the heart of Green Mobility revolution - it is an industry adopted standard for batteries and billions of dollars are invested into battery technology and upcoming by the end of this year Electric Cars on a mass market scale. This Bull market is still very young - only a year or so from the beginning after the crash of 2008.
We will provide you with few links to study the subject further:"

Canada Zinc Metals arranges $3-million placement CZX.v, TNR.v, BLS.to, LUN.to, QUA.to, FCX, CUU.v, DON.v, BWR.to, CS.to, BHP, RTP, RIO, IMN.to,

"CZX’s Cardiac Creek deposit (Akie property) represents one of the top 10 largest undeveloped zinc deposits on the planet. The deposit is very good grade with a very high grade section within it that could be mined first (quicker payback of capital). CZX also has a very large prospective land package – this represents a district scale opportunity in mining friendly BC, Canada. Infrastructure in the area is relatively advanced (full road access, railway, power facility, deep sea port). Neighboring property / deposits owned by big players Teck Resources and Korea Zinc. We are going to China to visit Tongling and other Chinese companies next week for further discussions on our project development"

"Tongling exercises its warrants at 20% premium to the market today (0.50CAD) - it is a very positive sign of commitment. Now Chinese company holds 17.5% in Canada Zinc Metals CZX.v, when will they bid for the whole company? Another important shareholder is Lundin Mining LUN.to With new Bailout in Europe direction is to Inflation and Commodities are the place to be. Another company we are following here is engaged in this Chinese M&A in Canada story: TNR Gold Corp. with International Lithium Corp. where CZX has a stake. Will shareholders in TNR Gold wake up one morning with new Chinese connection one day?"

With recent market meltdown Canada Zinc Metals provides another very good Entry point into this Chinese M&A play in Commodities in Canada. Markets are signaling that risk appetite could be back now and Company reports that after Chinese Tongling has exercised their warrants at 0.6CAD it was able to secure another sizable financing at that level with more than 20% premium to the market.

"Canada Zinc Metals arranges $3-million placement

2010-05-27 07:44 ET - News Release
Mr. Peeyush Varshney reports
CANADA ZINC METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Canada Zinc Metals Corp. has arranged a private placement of five million units at a price of 60 cents per unit for gross proceeds of up to $3-million.
Each unit will consist of one common share and one-half share purchase warrant of the company. Each whole warrant will entitle the holder to purchase one additional common share at a price of 80 cents for a period of 18 months from closing.
A finder's fee of 7 per cent will be paid on the private placement. The private placement is subject to TSX Venture Exchange approval.
The proceeds of the private placement are anticipated to be used for further exploration of the Akie Sedex zinc-lead deposit and for working capital purposes.
About the Akie and Kechika regional properties
The Akie zinc-lead property is situated within the southernmost part (Kechika trough) of the regionally extensive Paleozoic Selwyn basin, one of the most prolific sedimentary basins in the world for the occurrence of Sedex zinc-lead-silver and stratiform barite deposits.
Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic zinc-lead Sedex mineralization (Cardiac Creek deposit). The deposit is hosted by variably siliceous, fine-grained clastic rocks of the Middle to Late Devonian Gunsteel formation. The company has outlined an NI 43-101-compliant inferred resource of 23.6 million tonnes grading 7.6 per cent zinc, 1.5 per cent lead and 13.0 grams per tonne silver (at a 5-per-cent zinc cut-off grade).
Two similar deposits, Cirque and Cirque South Cirque, located approximately 20 kilometres northwest of Akie and owned under a joint venture by Teck Resources and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes (not 43-101-compliant) grading approximately 10 per cent combined zinc and lead.
In addition to the Akie property, Canada Zinc Metals controls a large contiguous group of claims which consist of the Kechika regional project. These claims are underlain by geology identical to that on the Akie property (Cardiac Creek deposit) and Cirque. This project includes the 100-per-cent-owned Mt. Alcock property, which has yielded a historic drill intercept of 8.8 metres grading 9.3 per cent zinc and lead, numerous zinc-lead-barite occurrences, and several regional base metal anomalies.
All of the company's claims (77,889 hectares), with the exception of a small isolated block (2,293 hectares), are in good standing, under the provisions of the Mineral Tenure Act of British Columbia, until Dec. 8, 2018."

Gold in Canada: Goldstone Resources Exploration Update GRC.to, PG.to, GG, ABX, AEM, NEM, GDX, HUI, XAU,

One more property of Goldstone Resources will be under drill starting from June, and Premier Gold delivers solid results from Hardrock - with Gold at all time high stock should move with the results.

Welcome to Goldstone Resources Inc.
Goldstone Resources Inc. is a major force in gold exploration and development, combining significant historic and newly discovered resources and exploration potential in the Beardmore-Geraldton Camp in Northwestern Ontario.The company benefits from extensive existing infrastructure above and below ground including an upgraded, fully-permitted mill. Goldstone’s Brookbank and Northern Empire Mine properties both have NI 43-101 compliant resource estimates, containing a combined total of indicated and inferred resource in excess of one million ounces of gold. Overall, the ten formerly productive mines on Goldstone lands — including the Leitch Mine, at one time, Canada’s richest — produced in excess of 4 million ounces of gold, remained open at depth, and offer major untapped potential through extensions and parallel occurrences. In addition to gold resources and exploration targets on its 100% owned properties, Goldstone enjoys a 30% carried interest in The Hardrock Project, a joint venture with Premier Gold Mines Limited as operator. The recent Hard Rock Project NI 43-101 Mineral Resource highlights include:- Indicated Resources of 11.6 million tonnes at an average grade of 1.82 grams per tonne (g/t Au) (2.43 g/t Au uncut) hosting 675,000 ounces Au cut (905,000 ounces Au uncut).- Inferred Resources of 7.3 million tonnes at an average grade of 1.81 g/t Au (3.52 g/t Au uncut) hosting 425,000 ounces Au cut (830,000 ounces Au uncut).
Goldstone is currently planning an aggressive exploration and drilling program for 2010. In addition to extensive data evaluation and surface exploration across the area, Goldstone plans to carry out drilling on targets currently being identified from a review of historic records and correlation of recent drilling with analysis of the 2009 aeromagnetic survey results.

Goldstone Resources Exploration Update

Press Release Source: Goldstone Resources Inc. On Thursday May 13, 2010, 8:00 am EDT
TORONTO, ONTARIO--(Marketwire - 05/13/10) - Goldstone Resources Inc. ("Goldstone" or "the Company") (TSX:GRC - News)(PINK SHEETS:GRSZF - News) is pleased to provide an update on our exploration efforts in the Beardmore-Geraldton area of northern Ontario. Following the merger of Ontex Resources and Roxmark Mines in late 2009 to form Goldstone, a large geological and historical production database has been examined to prioritize exploration targets.
KEY LAKE, GERALDTON
The Key Lake property will be the focus of approximately 15,000m of diamond drilling, scheduled to start on June 1st. Historical drilling by Cyprus Amax and Placer Dome in the 80's and 90's has outlined a 2.5 km long band of gold mineralization that appears to have low grade open pit potential. Goldstone plans to twin some of these historical holes and systematically drill along the 2.5km strike length to explore this potential. This property is located approximately 14km west of the Hardrock Project, where Premier Gold (in joint venture with Goldstone) has announced impressive open pit and underground results.
LEITCH-SAND RIVER MINE, BEARDMORE
In the Beardmore area, compilation and prioritization of targets is ongoing. Several promising areas with limited exploration on strike from the high grade Leitch-Sand River mines will be the focus of diamond drilling later in the fall. Additional programs of ground geophysics, trenching and mapping will be conducted on targets in the area that exhibit structural and geological similarities to the historical high grade deposits.
Mike Kilbourne (P.Geo) is the Qualified Person for the information contained in this press release, and is a Qualified Person within the meaning of National Instrument 43-101.
About Goldstone
Formed by late 2009 merger of Ontex Resources and Roxmark Mines, Goldstone Resources is a well funded gold exploration and development company operating in the historically significant Geraldton-Beardmore area of Northwestern Ontario and focused on gold exploration and deposit delineation at its Brookbank, Northern Empire, Leitch-Sand River and Key Lake gold properties in the Beardmore Camp. At a 3.4 g/t gold cut-off grade, drilling has established 1.36 million tonnes grading 9.7 g/t gold containing 424,400 ounces of indicated resource and 1.09 million tonnes grading 7.9 g/t gold containing 276,600 ounces of inferred resource at Brookbank. (See National Instrument 43-101 technical report -"Technical Report on the Brookbank Gold Deposit, Beardmore - Geraldton Area, Northern Ontario, Canada" by Scott Wilson RPA Inc. dated May 4, 2009, as filed on SEDAR).
In addition, Goldstone has a 30% carried interest in the Hardrock Project in the Geraldton Camp, a joint venture with Premier Gold Limited, with Premier as operator.
Goldstone Resources Inc.
Further information is available on the Company's website at http://www.grcmines.com/ and on SEDAR under the Company's profile at http://www.sedar.com/.
Forward-Looking Statements
This news release includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise."

Revenge of the Masters: Cyber Meltdown - Gold above 1200 TNR.v, GRC.to, BVG.v. BVA.v, KTN.v, EPZ.v, RVM.v, ASM.v, BTT.v, GBN.v, HUI, XAU, GDX, GG, NEM

Whether it is a revenge of Government Sachs or "just" a Quant Cyber Glitch is not so important - we have another the most important message today: Gold has officially became the New Reserve Currency of choice. With melting down market, when nobody was sure what was happening, Gold stood Long and Strong. In a sharp contrast to 2008 panic, when everything was sold for the run to safety of US Treasuries, this time Gold finally became the safe heaven.

Rise of the Machines multiplied by Greece fear have send another important message - if somebody want a strong US Dollar they should be ready for the chart above. Strong dollar is the Deadly Deflation Spiral - it is Spring 2009 all over again in a fifteen minutes of trading day. Yesterday's pictures of social unrest in Greece and today's "Fat Finger Cyber Glitch" will leave strong memories and Inflation will the most welcome outcome. Another important point - it is easy to be done and QE will be all over again.

Please note that all markets: FX, Stocks and Bonds have been contaminated with panic from Cyber Glitch in U.S. but TSX has much less dramatic move and Gold stock were strongly up by the end of the day.

Please be sure that troops are ready and money flood will be open again, it does not mean that the market will not have a correction, but it means that monetary base will be expended again even to a greater extend and this means only one: Inflation - Gold was screaming today about, Commodities, Oil and Energy Metals: Lithium and REE to follow. Trend to diversify from ALL Paper Fiat currencies into the real things started by Chinese will be accelerated.

Cyber Meltdown: Dow is down almost 1000 to 9900 in fifteen minutes. Somebody for a Strong Dollar? Deflation Spiral is back - wait for Ben and Helicopters...This time Gold is not fooled around and retakes 1200 again. Next week will be crucial for Gold: will it be a Double Top or break out to the upside?

Canada Zinc Metals: 2010 AKIE PROPERTY EXPLORATION PROGRAM CZX.v, LUN.to, FCX, RTP, BHP, HBM.to, NG.to

Canada Zinc Metals CZX.v stays as a wild card in the game with Chinese Tongling owning 13%. With recent activity in share price of CZX.v, we will not be surprised that Canaccord is right and company will be taken out at one stage. In this case Chinese Tongling as a shareholders in TNR Gold will add spice to the game around this huge Copper and gold mine in Argentina."

Will be interesting to see whether Tongling will exercise its warrants at 0.6CAD this month, drilling program will continue to define resources at this deposit with open blue sky potential of further discoveries in this prospective region and everybody is waiting for the next move by Chinese company.

More on Canada Zinc Metals.

"June 1, 2009
Vancouver, British Columbia, Canada – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) (“Canada Zinc Metals” or the “Company”) is pleased to announce that, further to its news releases dated January 26, 2009 and March 23, 2009, it has received final approvals from the TSX Venture Exchange and the relevant Chinese authorities with respect to the closing of the non-brokered private placement subscribed to by Tongling Nonferrous Metals Group Holdings Co. Ltd. (“Tongling”).
Pursuant to the private placement, Tongling has purchased 11,500,000 units of the Company at a price of $0.425 per unit for gross proceeds of $4,887,500 and now holds a 13% equity position in Canada Zinc Metals. Each unit consists of one common share and one half of a common share purchase warrant. Each whole warrant entitles Tongling to purchase, at any time within 24 months from closing, one common share of the Company at a price of $0.60 during the first year and at a price of $0.80 during the second year. These units are subject to a hold period expiring on September 27, 2009.
“We welcome Tongling as a strategic shareholder of Canada Zinc Metals,” stated Mr. Peeyush Varshney, CEO of Canada Zinc Metals. “Our Company continues to attract the interest of the world’s premier base metal mining companies. The Cardiac Creek deposit is one of the most significant discoveries in Canada in the past several years."

2010 Akie Property Exploration Program
Vancouver, B.C. – May 03, 2010 – Canada Zinc Metals Corp. (TSX Venture: CZX) (the “Company”) is pleased to announce that planning is progressing well for the 2010 exploration program on its flagship, 100% owned Akie zinc-lead property, located in northeastern British Columbia, some 260 km north-northwest of the community of Mackenzie.
Rodren Drilling Ltd., of West St. Paul, Manitoba, has been selected as the contractor for the 2010 drill program on the Akie property. Rodren will provide two helicopter portable, modified BBS-56 drill rigs and all of the ancillary equipment necessary to complete a total of up to 5,000 metres of NQ/HQ size core drilling in two areas. During the past three drill seasons on the property, Rodren has acquired considerable knowledge and experience (17.3 km drilling / 36 holes) and has demonstrated a high level of technical and operational competency. Mobilization of equipment to the property is expected to take place in the first part of June.
The objectives of this program on the Akie property are twofold:
To test the permissive Gunsteel Formation – Road River Group stratigraphy present along strike to the northwest of the Cardiac Creek deposit for the continuation of this mineralization and;
To further explore the highly prospective North Lead Anomaly, located some 2.2 km to the northwest of the Cardiac Creek deposit, which is underlain by similar geology. Previous drilling has encountered massive sulphides containing sphalerite and galena (0.8 metres grading 11.60% Zn and 9.05% Pb), sulphide replacement (pyrite, sphalerite, galena) of an underlying footwall debris flow and quartz-carbonate alteration of footwall rocks, all suggestive of proximity to a vent zone.
Further details of the 2010 exploration program and objectives will be provided in due course.
About the Akie and Kechika Regional Properties
The Akie zinc-lead property is situated within the southern-most part (Kechika Trough) of the regionally extensive Paleozoic Selwyn Basin, one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.
Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic zinc-lead SEDEX mineralization (Cardiac Creek deposit). The deposit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian ‘Gunsteel’ formation. The Company has outlined a NI 43-101 compliant inferred resource of 23.6 million tonnes grading 7.6% zinc, 1.5% lead and 13.0 g/t silver (at a 5% zinc cut off grade).
Two similar deposits, Cirque and Cirque South Cirque, located some 20 km northwest of Akie and owned under a joint venture by Teck Resources and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes (not 43-101 compliant) grading approximately 10% combined zinc + lead.
In addition to the Akie property, Canada Zinc Metals Corp. controls a large contiguous group of claims which comprise the Kechika Regional project. These claims are underlain by geology identical to that on the Akie property (Cardiac Creek deposit) and Cirque. This project includes the 100% owned Mt. Alcock property, which has yielded a historic drill intercept of 8.8 metres grading 9.3% zinc+lead, numerous zinc-lead-barite occurrences, and several regional base metal anomalies.
All of the company’s claims (77,889 Ha), with the exception of a small isolated block (2,293 Ha), are in good standing, under the provisions of the Mineral Tenure Act of British Columbia, until December 8, 2018.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORSCANADA ZINC METALS CORP.
“PEEYUSH VARSHNEY” PEEYUSH VARSHNEY, LL.BCEO & CHAIRMAN

TNR Gold Subsidiary Serves Notice of Back In Into Los Azules to Minera Andes and Secures Standby Credit Facility TNR.v, CZX.v, MAI.to, ABX, NG.to, FCX

"If it was a joke - it can become the bad one. As we understood from Minera Andes NR, which came out first on 1st of April: TNR Gold approached Minera Andes in negotiations in order to exercise its back-in right in Los Azules project. Rob McEwen CEO of Minera Andes decided to reject TNR Gold's claim of back-in right and sided with Xstrata, his response to TNR Gold discussion was a writ against TNR Gold filed to court on Fools' Day. We are not talking about manners here, but move is a very symbolic: he has welcomed before the lawsuit from his another partner, which he calls "partner from hell" and now attempts to block TNR Gold back-in right even before the deadline in agreement with Xstrata which is on 23rd of April according to Minera Andes NR. Our take from here is that maybe TNR Gold was able to finance its backing in and produced a proposition strong enough for Minera Andes to rush to court on such an unusual day. Looks like junior has received another chance to challenge the legal situation with an early back-in attempt, way before the major legal battle with Xstrata scheduled this Fall. The very important issue for development of Los Azules - ownership for Escorpio IV stays with TNR Gold until court decision in the Fall. Escorpio IV will accommodate part of the mining facilities according to Minera Andes Preliminary Economic Assessment of the Los Azules. We have been expecting that Rob McEwen will be more flexible in apparent discussions with TNR Gold and can secure 100% property including Escorpio IV in a deal with TNR Gold, now this question will be in the legal space. We think that we do understand his motivation: it is very difficult to announce that Los Azules does not belong to him 100% until the court decision in TNR Gold case with Xstrata after so many NRs stating just that. Legally Minera Andes has disclosed lawsuit between TNR Gold and Xstrata in its filings, but for some of the Minera Andes shareholders relying on company's presentations and NR's this news, that ownership of Los Azules is challenged by TNR Gold in lawsuit pending resolution was out of the blue."

Background on Los Azules, TNR Gold claims, Minera Andes and Xstrata.

TNR Gold has announced today a very important milestone in the development of the company: management and, what is very important, investors behind this financing are not discouraged by any legal rhetoric from Xstrata and Minera Andes and methodically advancing their legal case in Los Azules back-in right case.

Company reports that as part of its legal strategy TNR Gold secured the credit facility and have notified Minera Andes about an early back-in right into the Los Azules project.

It looks like money will be used only in case of successful litigation progress and this bridge loan allows company to finance the back-in right without dilution of TNR Gold and International Lithium Corp. at these price levels, which do not reflect the possible success in litigation.

You can review Los Azules project details in Minera Andes presentation.

Recent news on developments at Los Azules can be found here and for further reference we will address you to the latest TNR Gold presentation.

Every legal case brings uncertainty and you should address it in a legal statement below.



TNR Gold Subsidiary Serves Notice of Back In Into Los Azules to Minera Andes and Secures Standby Credit Facility

04/23/2010 [ACCESSWIRE]
Vancouver, B.C.: Compañía Minera Solitario Argentina S.A.(“Solitario”), a wholly owned subsidiary of TNR Gold Corp. ("TNR"), has served notice to Minera Andes Inc. exercising its back-in right for 25% of certain of the properties (the “Properties”) constituting the Los Azules project in Argentina (the “Los Azules Project”). TNR also entered into a standby credit facility in the aggregate principal amount of CAD$5 million (the “Facility”) for a term of one-year. The proceeds from the Facility have been placed in a trust account to be released on closing of the exercise of the back-in right.
TNR has issued 2,272,727 common shares to the lender as partial consideration for the Facility and has agreed to issue another CAD$500,000 of common shares with a deemed price equal to the 10-day volume weighted average trading price as of the day prior to the court’s decision in certain circumstances where TNR is successful in its litigation with respect to the back-in right. In addition, TNR has paid a corporate finance fee of CAD$305,000.
The right of TNR and Solitario to exercise the back-in right for the Los Azules Project is subject to a legal action commenced by Minera Andes Inc., Minera Andes S.A., Los Azules Mining Inc. and Andes Corporacion Minera S.A. (the “MAI Group”) against TNR and Solitaro in which the MAI Group is disputing Solitario’s ability to waive the production of a feasibility study and issue a back-in notice at this time. The action seeks declaratory relief that any back-in notice is invalid, void or of no force and effect, and advances a claim for costs. TNR is also in a legal dispute with MIM Argentina Exploraciones S.A. ("MIM") a subsidiary of Xstrata PLC, over the language of the back-in clause of the Exploration and Option Agreement entered into between Solitario and MIM. In the action, TNR is also seeking confirmation of its ownership in the Escorpio IV property, which is located adjacent to the Los Azules Project and a declaration that the Escorpio IV property is excluded from the Exploration and Option Agreement. A court date has been set for the fall of 2010.
ABOUT TNR GOLD
TNR and International Lithium Corp (“ILC”) are diversified metals exploration companies focused on exploring existing properties and identifying new prospective projects globally. TNR has a portfolio of 18 active projects, of which 9 will be included in the proposed spin-off of International Lithium Corp. For further details of the spin-off please refer to TNR's April 12, 2010 news release or visit http://www.internationallithium.com

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the companies’ commitments to generating projects, diversifying its markets, and building shareholder value.

On behalf of the board,

Gary Schellenberg
President

Cautionary Language and Forward-Looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that TNR expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. In particular, there are no assurances that TNR will be successful in the current litigation with respect to the Los Azules Project and its back-in right and there are no assurances that TNR will be able to refinance the Facility in the event that the closing with respect to the Properties is delayed beyond the term of the Facility. Accordingly, readers should not place undue reliance on forward-looking statements. This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.

We have a position in this company, please, do not consider anything as an investment advise, as usual, on this blog.