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Gold/Mining/Energy : TNR Resources Ltd (TRR.V was Toscana)
TRR 17.550.0%Jul 5 5:00 PM EST

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To: Ken Hillcoff who wrote (614)3/6/1999 3:46:00 PM
From: John Fairchild   of 659
 
NEWS RELEASE
March 4, 1999
VSE SYMBOL - "TRR"

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tnrvse.com
SEC 12g3-2(b): Exemption #82-4434
CUSIP #872950-10-0 VSE:TRR

STOCK OPTIONS

The company wishes to advise that it has granted stock options to certain directors and employees of TNR Resources Ltd. entitling them to purchase up to 428,000 common shares of the capital stock in the company at a price of $0.22 per share. These options are exercisable up to the close of business of March 3, 2001.

The exercise price represents the previous ten-day average price of TNR stock. The above is subject to regulatory approval.


ON BEHALF OF THE BOARD

Gary Schellenberg, President

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