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Trillium Gold Retains Market Liquidity Services

Marketing Announcement

NEWS RELEASE

Trillium Gold Mines Inc. [email protected] +1 604 688 9588 +1 778 329 9361

Trillium Gold Retains Market Liquidity Services

VANCOUVER, BC, March 21, 2022 - Trillium Gold Mines Inc. (TSXV: TGM) (OTCQX:TGLDF)

(FRA:0702) (“Trillium Gold” or the "Company" ) is pleased to announce that, subject to

regulatory approval, it has retained Red Cloud Securities Inc. ("Red Cloud") to provide market-

making services to the Company in compliance with the policies and guidelines of the TSX

Venture Exchange (“TSXV”) and other applicable legislation.

Red Cloud, a Toronto -based registered Investment Dealer focused on providing

comprehensive capital market services, will trade shares of Trillium Gold on the TSXV for the

purposes of maintaining a reasonable market and improving the liquidi ty of Trillium Gold

common shares.

Under the agreement, the Company will pay Red Cloud $5,000 per month, payable quarterly

in advance, which term shall continue to be in effect until terminated by either party on 30 days'

prior written notice. The Company and Red Cloud have an arm's-length relationship, but Red

Cloud and/or its clients may have an interest, directly or indirectly, in the securities of Trillium

Gold. There are no performance factors contained in the agreement between Red Cloud and

the Company and Red Cloud will not re ceive any shares or options from the Company as

compensation for services it will render. The agreement is principally for the purposes of

maintaining market stability and liquidity of the Company's common shares and is not a formal

market-making agreement.

On behalf of the Board of Directors,

Trillium Gold Mines Inc.

Russell Starr

Chairman, President & CEO

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 re gional-scale consolidation strategy, t he Company has

assembled the largest prospective land package in and around the Red Lake mining district in

proximity to major mines and deposits , as well as the Confederation Lake and Birch -Uchi

greenstone belts. Recent examples are the acquisition of the Willis property southwest of the

Newman Todd complex, and a definitive agreement giving the Company control over a

significant portion of the Confederation Lake Greenstone Belt to more than 100 km in length.

In addition, the Company has interests in highly prospective properties in Larder Lake, Ontario.

NEWS RELEASE

Trillium Gold Mines Inc. [email protected] +1 604 688 9588 +1 778 329 9361

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 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 reasonab le 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

outbreak, business integration risks; fluctuations in general macroeconomic co nditions; fluctuations in

securities markets; fluctuations in spot and forward prices of gold or certain other commodities; change

in national and local government, legislation, taxation, controls, regulations and political or economic

developments; risks and hazards associated with the business of mineral exploration, development and

mining (including environmental hazards, industrial accidents); inability to obtain adequate insurance to

cover risks and hazards; the presence of laws and regulations that ma y 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 (including 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.