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RAGE.V ·

Trillium Gold Announces Effective Date of Name Change to Renegade Gold

Corporate Actions

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Trillium Gold Announces Effective Date of Name Change to

Renegade Gold

VANCOUVER, BC, July 13, 2023 - Trillium Gold Mines Inc. (TSXV: TGM, OTCQX: TGLDF,

FSE: 0702) (“Trillium” or the “Company”) is pleased to announce that it has received approval from the

TSX Venture Exchange to change the Compa ny’s name to “Renegade Gold Inc.” (the “Name Change”)

and to consolidate the Company’s outstanding common shares on the basis of one new common share for

every ten common shares (the “Consolidation”).

The Name Change and Consolidation w ill take effect at the start of tr ading on July 17, 2023, and the

Company will trade under the symbol “RAGE” and under the new CUSIP/ISIN numbers

75974M105/CA75974M1059. As a result of the Consolidation, the 149,837,151 common shares issued and

outstanding prior to the Consolidation will be redu ced to approximately 14,983,715 common shares. Each

shareholder’s percentage ownership in the Comp any and proportionate vot ing power will remain

unchanged after the Consolidation, except for minor changes and adjustments resulting from the treatment

of any fractional common shares.

In connection with the Consolidatio n, the Company expects to send lette rs of transmittal to registered

holders of its common shares for use in transmitting their existing share certificates (“ Existing

Certificates”) to the Company’s registrar and transfer agent, Computershare Trust Company of Canada, in

exchange for new certificates (“ New Certificates ”) representing the number of post-Consolidation

common shares to which each shareholder is entitled.

No delivery of a New Certificate to a shareholder will be made until the shareholder has surrendered its

Existing Certificates. Until surrendered, each Existi ng Certificate shall be deemed for all purposes to

represent the number of post-Consolidation common shares to which the holder is entitled.

About Trillium Gold Mines Inc.

Trillium Gold Mines Inc. is a growth focused company engaged in the business of acquisition, exploration

and development of mineral properties located in the Red Lake Mining District of Northern Ontario. As

part of its regional-scale consolidation strategy, the Company has assembled one of the largest prospective

land packages in and around the Red Lake mining district in proximity to major mines and deposits, as well

as along the Confederation Lake and Birch-Uchi greenstone belts. The recent completion of the acquisition

of Pacton Gold Inc. extends Trillium’s ownership in Red Lake to over 89,600 hect ares of prospective and

diversified exploration properties with significant potential for gold and critical minerals on trend with the

major structures hosting known gold occurrences in the Red Lake mining district today. A portfolio of

prospective projects in Western Australia has also been acquired.

Visit Trillium’s website at www.trilliumgold.com.

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For further information, please contact:

Trillium Gold Mines Inc.

Nav Dhaliwal

President, CEO and Director

[email protected]

Tel: 604-678-5308

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements:

This news release contains forward-looking statements and forward-looking information, which involves known and

unknown risks, uncertainties and other factors that may cause actual events to differ materi ally from current

expectations. All statements, other than statements of historical facts, are forward-looking statements. Generally,

forward-looking statements can be identified by the use of terminology such as “plans”, “expects', “estimates”,

“intends”, “anticipates”, “believes” or va riations of such words, or statements that certain actions, events or results

“may”, “could”, “would”, “m ight”, “occur” or “be achieved”. Such forw ard-looking statements include, without

limitation, statements regarding the anticipated effective date of the Name Change and Consolidation. This news

release contains forward-looking information, which in volves known and unknown risks, uncertainties and other

factors that may cause actual events to differ materially from current expectations. Forward-looking information is

based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on

management’s experience and perception of trends, current conditions and expected developments, and other factors

that management believes are relevant and reasonable in the ci rcumstances, but which may prove to be incorrect.

Such factors, among others, include the ability to obtain required final approvals from the TSX Venture Exchange.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date

of this press release. The companies disclaim any intention or obligation, except to the extent required by law, to update

or revise any forward-looking statements, whether as a result of new information, future events or otherwise.