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Trillium Gold Appoints New Chief Financial Officer

Management Changes

NEWS RELEASE

Trillium Gold Appoints New Chief Financial Officer

Vancouver, BC, Canada - February 1, 2023. Trillium Gold Mines Inc. (TSXV:TGM, OTCQX:TGLDF,

FRA:0702) (“Trillium Gold” or the “Company”) is pleased to announce that Mr. Jeffrey O’Neill has

been appointed the Company’s Chief Financial Officer effective immediately.

Jeffrey O’Neill is President and owner of JMO Enterprises Ltd., a private consulting firm specializing

in acquiring mineral exploration projects in Canada and the USA. He is also a Director for Sanibel

Ventures Corp., Northern Lion Gold Corp. and Barksdale Resources. Mr. O’Neill acted as Regional

Sales Manager, Western Canada, for Primus Business Solutions. In 2004, he co-founded

Momentum Conferencing Solutions, the largest Canadian reseller of voice/video/data collaboration

solutions, and acted as Vice President, Sales until 2007.

Mr. O’Neill assumes the position of CFO in place of Mr. Ian MacNeily who was on contract with the

Company until year end 2022 and has stayed on until this time for an effective transition.

Russell Starr, President & CEO of Trillium Gold commented, “On behalf of the Board I would like to

welcome Jeff to the Trillium team. He joins us at a compelling time as we uncover valuable historical

evidence of gold and critical minerals along our 100 km Confederation Belt towards a high -quality

drill program this year. We look forward to benefiting from Jeff’s senior financial management

expertise and valuable business perspective.”

On behalf of the Board of Directors,

Trillium Gold Mines Inc.

Russell Starr

President & CEO, Director

For further information, please contact Donna Yoshimatsu, VP Corporate Development and

Investor Relations at [email protected], (416) 722-2456, or [email protected].

Visit our website at www.trilliumgold.com.

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. In 2022 the Company clos ed a number of acquisitions effectively extending its contiguous

land position over more than 100 km of favourable structures on trend with Kinross Gold’s Great

Bear Project and Evolution Mining’s Red Lake Operation. In addition, the Company has interests in

highly prospective properties in Larder Lake, Ontario.

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.

Cautionary note regarding forward-looking statements

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

uncertainties and other factors that may cause actual events to differ materially from cur rent

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 developme nts, and other factors that management

believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.

Such factors, among others, include: impacts arising from the global disruption caused by the Covid-

19 coronavirus outbr eak, business integration risks; fluctuations in general macroeconomic

conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold or certain

other commodities; change in national and local government, legislation, taxat ion, controls,

regulations and political or economic developments; risks and hazards associated with the business

of mineral exploration, development and mining (Incl. environmental hazards, industrial accidents);

inability to obtain adequate insurance to cover risks and hazards; the presence of laws and

regulations that may impose restrictions on mining; employee relations; relationships with and claims

by local communities and indigenous populations; availability of increasing costs associated with

mining inputs and labour; the speculative nature of mineral exploration and development ( Incl. the

risks of obtaining necessary licenses, permits and approvals from government authorities); and title

to properties.

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 Company disclaims 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.