Trillium Gold Closes Acquisition of Willis Property

Trillium Gold Closes Acquisition of Willis Property

VANCOUVER, BC

,

Oct. 26, 2021

/CNW/ -

Trillium Gold Mines Inc.

(TSXV: TGM) (OTCQX: TGLDF) (FRA:

0702) ("Trillium Gold" or the "Company") is pleased to report the closing of the previously announced

acquisition of thirteen patented mineral claims totalling 229 hectares, collectively known as the "Willis

Property". The Property is situated southwest of Trillium Gold's 100%-owned Newman Todd (NT) Property

in Todd Township, Red Lake Mining District,

Ontario

, see Figure 1 below.

Through the completion of payments totalling

$420,000

and an aggregate of 400,000 common shares in the

capital of the Company which are subject to a four month hold period, Trillium Gold has acquired 100%

interest in the Willis Property. The Property is subject to a 2% net smelter returns (NSR) royalty (the

"Royalty"), one-half (1%) of which Trillium Gold has the right to repurchase for consideration of

$1.2 million

,

payable in cash or shares. In addition, the Company has a right of first refusal should the holders of the

Royalty choose to sell the Royalty in the future.

On behalf of the Board of Directors,

Trillium Gold Mines Inc.

Russell Starr

President, CEO and Director

Figure 1 (CNW Group/Trillium Gold Mines Inc.)

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

. The

Company has been increasing its holdings in the Confederation Lake and Birch-Uchi greenstone belts and

has a non-binding LOI to further consolidate its contiguous land assemblage to more than 100 km in length.

In addition, the Company has interests in highly prospective properties in

Larder Lake, Ontario

and the

Matagami

and Chibougamou areas of

Quebec

.

Neither the 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.

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 current expectation.

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.

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SOURCE

Trillium Gold Mines Inc.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/October2021/26/c0628.html

%SEDAR: 00026380E

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.

CO: Trillium Gold Mines Inc.

CNW 07:00e 26-OCT-21