TNR Gold Initiates Investigation into Eucalyptus Disclosure Practices

TNR Gold Corp, a company focused on generating high-quality global exploration projects, has initiated an investigation into potential securities law violations by Eucalyptus Resources Opportunities Fund 1, LP. The investigation stems from concerns that Eucalyptus may have failed to disclose relationships and arrangements with other shareholders that are material to TNR’s shareholders.

According to TNR, the board of directors believes that Eucalyptus may have coordinated with certain other shareholders in acquiring TNR shares with the intention of voting jointly or in concert at the upcoming annual general and special meeting of shareholders. TNR has reached out to Eucalyptus to request that it provide all legally required disclosure to shareholders.

TNR Gold Corp, through its lead generator business model, has been successful in generating high-quality global exploration projects. The company’s portfolio includes exposure to multiple aspects of the mining cycle, including the power of blue-sky discovery and important partnerships with industry leaders. Key assets include a 1.5% NSR royalty on the Mariana Lithium Project in Argentina, a 0.4% NSR royalty on the Los Azules Copper Project, and a 7% NPR on the Batidero I and II properties of the Josemaria Project.

The Mariana Lithium Project, 100% owned by Ganfeng Lithium, has been approved by the Argentina provincial government of Salta for an environmental impact report. Ganfeng Lithium officially inaugurated the Mariana Lithium start of production at a 20,000 tons-per-annum lithium chloride plant on February 12, 2025. TNR also holds a 0.4% NSR royalty on the Los Azules Copper Project, which is being developed by McEwen Inc.

TNR's strategy is to attract a joint venture partnership with a major gold mining company for its Shotgun Gold porphyry project in Alaska. The project is located near the Donlin Gold project, which is being developed by Novagold Resources. TNR's 90% holding in the Shotgun Gold project is aimed at generating significant value for its shareholders.

The company's board of directors, led by Kirill Klip, the Executive Chairman, is taking proactive steps to ensure that shareholders receive all the information necessary to make informed voting decisions. TNR is committed to the continued generation of in-demand projects and building shareholder value through diversification and the advancement of its assets.

Kingsdale Advisors, acting as strategic shareholder advisor to TNR Gold, is providing support to shareholders who need assistance voting their common shares. Shareholders are reminded that the BLUE Proxy must be received no later than 10:00 a.m. Pacific Time on Friday, September 18, 2026. If you voted using a green proxy, it is not too late, the later-dated BLUE Proxy will replace and revoke your earlier voting instruction.