Spinout Approved - TNR Gold Settles AGM and International Lithium IPO soon!! TESLA IPO $229 million! TSLA TNR.v, ILC.v, RM.v, WLC.v, CLQ.v, LI.v

This is very exciting news - time to really see what the ILC can do in the world of lithium juniors!
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June 25, 2010 TNR GOLD 2010 ANNUAL GENERAL AND SPECIAL MEETING HELD/PROCEEDS WITH SPINOUT OF INTERNATIONAL LITHIUM

Vancouver B.C.: TNR Gold Corp. ("TNR" or the "Company") held its Annual General and Special Meeting on June 22, 2010 and is pleased to announce that all agenda items, as outlined in the Company's information circular dated May 10, 2010, were approved and all directors standing for election were re-elected. The Directors for the ensuing year will consist of Mr. Gary Schellenberg, Mr. Kirill Klip, Mr. Paul Chung, Mr. John Fraser and Mr. Hari Varshney.

Mr. Gary Schellenberg was reappointed President and Chief Executive Officer. Mr. Kirill Klip was reappointed Non Executive Chairman of the Board and will directly support and advise the Chief Executive Officer of the Company. Mr. Paul Chung was reappointed Secretary and Mr. Jerry Bella was reappointed Chief Financial Officer.

The proposed Plan of Arrangement involving the Company and International Lithium Corp. ("ILC") was also approved by the shareholders and the Courts of British Columbia. The purpose of the Arrangement is to spin-out TNR's lithium mineral property interests into a separate public company, ILC. TNR will now proceed with the spin-out and will update on the progress of the spin-out in further news releases. For further details of the spin-out please refer to TNR's May 26, 2010 news release or visit http://www.internationallithium.com


ABOUT TNR GOLD / INTERNATIONAL LITHIUM CORP

TNR and 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-out of International Lithium Corp.

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
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On a much larger scale - the fabled IPO for loss leader Tesla has completed this week - who says summer doldrums are here??

Tesla stock soars after $226 million IPO

First U.S. car company to go public since Ford

Shares in upscale electric car company Tesla Motors made big gains Tuesday — its first day of trading.

The stock rose as much as 11 per cent, defying a general downward trend in North American markets.

Tesla Roadsters, shown here, have a number of high profile celebrity owners, including Brad Pitt and George Clooney. (Chuck Kirman/Associated Press)

In the early afternoon, Tesla shares were $1.75 US higher to $18.75 US, after reaching $19 US earlier.

Tesla had launched a $226-million US IPO, selling 13.3 million shares at $17 US each earlier in the day, the first time in more than 50 years that an American automaker has gone public.

The electric car company, manufacturer of the high-performance all-electric Tesla Roadster, originally offered the shares in a range between $14 US and $16 US. The California-based company will use proceeds to pay for factories and possible acquisitions.

On Monday, the company raised the number of shares that would be going public by 20 per cent. The majority of these new shares came from Tesla CEO and co-founder Elon Musk, who sold almost one million of his personal shares in the hopes of reaching the $244 million US figure.

Musk, a graduate of Queen’s University in Kingston, Ont., is Tesla’s biggest shareholder, with a 28 per cent stake in the company. He also co-founded PayPal and is CEO of Space Exploration Technologies Inc., a Hawthorne, Calif.,-based company that builds spacecraft.

Tesla has some high-profile backers. Last month, Toyota Motor Corp. agreed to sell Tesla its shuttered factory in Fremont, Calif., and invest $50 million in the company once its IPO closes. Tesla plans to use the factory to eventually build a sedan.

Electric car technology has also been strongly supported by U.S. President Barack Obama as part of a larger strategy to shift dependence from oil to alternative energy sources.

The Roadster has already garnered celebrity status with purchases by Brad Pitt and George Clooney earlier this year.

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