TNR Gold raises stake through Altius boost

Vancouver, British Columbia--(Newsfile Corp. - July 22, 2026) - TNR Gold Corp. (TSXV: TNR) (" TNR ", " TNR Gold " or the " Company ") announces that according to the public filing on SEDI.ca filed on July 21, 2026, Altius Minerals Corporation has acquired on the public market an additional 7,435,000 shares of TNR Gold Corp. at CAN$0.23 per share on July 17, 2026, increasing their strategic stake in TNR Gold to a total of 30,935,000 shares. Kirill Klip, Executive Chairman of TNR Gold, stated, "We are delighted to report another powerful milestone that underscores the strength and credibility of TNR Gold's strategy. We welcome Altius increasing its strategic, non-controlling stake in TNR Gold.

The closing of the strategic investment, announced on May 25, 2026, enabled TNR Gold to advance the execution of its strategic plan and reflects strong market recognition of the quality of our assets, and their potential." Kirill Klip continued, "Our business model provides a unique entry point into the creation of supply chains for critical materials like energy metals, which are powering the Energy rEVolution, and the gold industry that is providing the ultimate hedge during this part of the economic cycle. Our shareholders are participating in the building of The Green Energy Metals Royalty and Gold Company. In our portfolio, we have a unique combination of assets providing exposure to different parts of the mining cycle, starting with the power of blue-sky discovery, and including partnerships with industry leaders like McEwen Inc., Ganfeng Lithium, Lundin Mining and BHP as operators on the projects that could potentially generate royalty cashflows to contribute value for our shareholders.

This coalition of industry leaders and aligned stakeholders validates our royalty-focused approach. Sophisticated partners are actively recognizing, advancing, and helping safeguard our assets through strategic alignment, operational progress, and shared commitment to value creation. My holding of 27,963,000 shares in TNR Gold serves as further evidence of my deep personal commitment to the Company, and strong confidence in our experienced team and its strategic development plan.

We look forward to working with Altius to maximize value for all our shareholders." ABOUT ALTIUS MINERALS CORPORATION Altius's strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with global growth trends including increasing electricity-based market share within energy usage, global infrastructure build and refurbishment growth, increased EAF based steelmaking, steadily increasing agricultural fertilizer requirements and the enhanced appetite for financial asset diversification through precious metals ownership. These macro-trends each hold the potential to cause higher demand for many of Altius's commodity exposures including potash, high purity iron ore, renewable energy, base and battery metals, and gold.

In addition, Altius runs a successful Project Generation business that originates mineral projects for sale to developers in exchange for royalties and that has a demonstrated track record of driving outsized direct returns from its overall royalty investment portfolio. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices, and the S&P/TSX Canadian Dividend Aristocrats Index. ABOUT TNR GOLD CORP. TNR Gold Corp. is working to become the green energy metals royalty and gold company.