April 5, 2010 (FinancialWire) — TNR Gold Corp. (TSX Venture: TNR) has informed Minera Andes Inc. that it proposes to waive the production of a feasibility study and exercise its right to acquire 25% of the northern half of the properties for Minera Andes' Los Azules Project.

Minera Andes is contesting TNR's legal right to waive the production of a feasibility study and exercise its option, and has filed a statement of claim in British Columbia Supreme Court seeking a declaration nullifying any back-in notice delivered by TNR. TNR said it will be filing a statement of defense and will vigorously oppose any such declaration.

The Los Azules project is an advanced exploration project currently reporting a National Instrument 43-101 compliant Inferred Resource. TNR has previously announced that Minera Andes has commenced a diamond drill program of approximately 8,800 metres at the Los Azules Project.

The terms of TNR's back-in right are currently the subject of a legal dispute with Xstrata. In that litigation, TNR is also seeking confirmation of its ownership of 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.

TNR and ILC are diversified metals exploration companies focused on exploring existing properties and identifying new prospective projects globally.

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