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Trillium Gold’s Newman Todd Complex Advancing Open-Pit Scenario with Emerging Discovery Potential at Depth

Corporate Updates

NEWS RELEASE

Trillium Gold’s Newman Todd Complex

Advancing Open-Pit Scenario with Emerging

Discovery Potential at Depth

Vancouver, BC, Canada – November 9, 202 2 – Trillium Gold Mines Inc. (TSXV:TGM,

OTCQX:TGLDF, FRA:0702) (“Trillium Gold” or the “Company”) is pleased to report on the results

of the 2022 summer exploration and drilling activities at its Newman Todd Complex (NT Complex)

in Red Lake, Ontario. The Complex comprising the Newman Todd and adjoining Rivard property

located some 26 km from Evolution Mining’s Red Lake Operation s, offers significant exposure to

gold mineralization in a world-class mining jurisdiction.

A total of 7 ,665 metres in 17 holes were drilled at the NT Complex in the first half of 2022 and

remaining assay results have now been received. The Company ceased drilling at the end of June

to allow for all pending results to be received and compiled.

Newman Todd Complex Today – Breaking the structural barrier

With prior exploration at the NT Complex having almost exclusively focused on the NT Zone itself,

new structural and lithological interpretation by Trillium’s geological team of Red Lake experts

redirected drilling to areas outside of the NT Zone , particularly below 400 metres from surface

where previous drilling was virtually non -existent. Trillium’s initial step-out holes along the east-

west extensions of the Main Zone Fault all successful ly encountered significant gold intersections

that further follow -up will test the potential for gold mineralization at other targets on the greater

Newman Todd property.

Drilling to date has confirmed the geological team’s premise that additional high-grade zones can

be found to the southeast and are still controlled by the east-west structural corridors. This

interpretation is no more apparent than in the two most recent holes (NT22-211 and -212) drilled

into the hanging wall rock sequence about 100 to 250 metres below all previous drill holes (see NR

dated September 26, 2022). The hanging wall gold occurrence, within the broader significant

interval of 8.75 g/t Au over 20.4 metres (including 549.0 g/t Au over 0.3 metres ), and 40.56

g/t Au over 4.18 metres (including 136.0 g/t Au over 1.08 metres ), indicates that gold

mineralization associated with the NT Zone and east -west shears (eg. Main Zone Fault),

continues southeast of the NT zone, thus expanding the possible drill target areas and

potential mining pit shell within the project area.

The more meaningfu l high -grade intersections have all occurred at these cross -cutting

occurrences; previously reported holes: NT20-169 [7.05m at 15.41 g/t Au including 4.3m at

23.88 g/t Au and 1.12m at 69.85 g/t Au], and NT21-194 [9m at 19.73g/t Au including 1.55m at

102.16 g/t Au] on the Camp Fault].

Historically, drilling in this region was generally discontinued prior to intersecting this hanging wall

mineralization when drilled from the foot wall. Very little drilling in the opposite direction was carried

out ov erall, leaving the potential of this mineralization unrecognized until now. Several other

structures displaying significant widths of mineralization are being identified by stepping out to the

north and south of the Main Zone Fault.

After several months, our team is more confident than ever that they will be able to apply this

established theory successfully at depth and on strike, both of which remain completely open.

Advancing the Open-Pit Scenario

Drill holes NT21 -204, NT22-205, NT22-208/A and NT22-210 (see Figure 1 below) successfully

targeted observed and interpreted east -west fault trends associated with previous high-grade

intersections. These holes were intended to expand the higher-grade zones downwards and into

the sp arsely drilled foot wall portion of the NT Zone at depth. Holes NT21-204 and -205 were

successful in intersecting mineralized NT Zone material and an east-west breccia fault. Significant

assays included 3.36 g/t Au over 10.94 metres from 187.36 metres and 1.59 g/t Au over 17.92

metres from 399.13 metres in NT21-204.

Figure 1: Geology plan showing the location of drillholes NT22-204 to 212 and RV22-37 to 43.

Figure 2: Long Section view (looking northwest) showing NT Zone model, exploration block model, historical

results and significant intersections from NT21-204 to NT22-212. Note: NT22-206 and NT22-207 are located in

the hanging wall of the NT Zone.

Drill holes NT22-208/A and NT22-210, again targeted the NT Zone foot wall margin as well as the

hanging wall mineralization seen in previous drilling. NT22-210 was drilled to also intersect the

hanging wall side of the projected high -grade trend. The results from these holes of 1.76 g/t Au

over 5.95 metres from 291.05 metres in NT22-208A and 1.94 g/t Au over 23.8 metres from 52

metres in NT22-210 and a number of lower grade but wide zones show that other significant east-

west structures are present in this area for future follow-up.

Hole NT22-209 was located to test the NT hanging wall mineralized chert-magnetite zone, and

then push westward into the foot wall to follow -up previous results from Rivard drilling , in the

sparsely drilled southwest NT Zone. Only narrow low-grade results were obtained.

Drill holes NT22-206 and NT22-207 were drilled in the north-east area of the NT property, targeting

the east extension of the Main Zone Fault in the area where it is interpreted to intersect the eastern

ultramafic unit mapped on the property. This area was identified as having a similar geological and

structural setting as mineralization occurrences in the east area of the Red Lake greenstone belt,

for example at the R ed Lake Mine. The area is also where a number of elevated assay results

were received from earlier drilling, grouped within the hanging wall zone of gold resources

previously outlined. Significant assays from these holes include 1.71 g/t Au over 3.46 metres

from 124.7 metres in NT22-206 and 4.12 g/t Au over 3.85 metres from 51.85 metres in NT22-207,

as well as a number of lower grade but wide intervals in both holes. The Main Zone Fault was

identified in core and the presence of up to 2% sphalerite (Zn) ; and very fine visible gold (VG)

shows the potential of this area for follow-up work.

Drilling on the Rivard property during 2022 began with holes RV22-37 to RV22-39 targeting below

previous high-grade results, both in drilling and channel sampling, in the south -central area of the

property. A number of lesser, but still significant, gold assay results were obtained with eight VG

occurrences identified as they e xpanded both the strike and depth limits of the mineralized vein

trends.

Holes RV22-40 to RV22-42 were drilled in the northeast area of the Rivard property and tested the

west extension of the Main Zone Fault feature and in an area of previous high -grade gold assay

results from surface at the collar location and along strike from historical drill holes. RV22-40

obtained a good result from near the collar of 2.79 g/t Au over 7.95 metres from 32.85 metres

downhole. Holes RV22 -41 and RV22 -42 both intersected the Main Zone Fault and obtained low

level intersections near the fault.

RV22-43 was drilled to test surface sampling gold results and the southeast extension of interpreted

mineralized vein trends in the sparsely drilled east-central portion of the Rivard property. Only low-

level gold results were obtained but VG was noted immediately below the collar.

A brief listing of significant results from the 2022 Newman Todd and Rivard drilling is included

below. A full listing of all significant results can be found on the website at www.trilliumgold.com.

Hole Number From (m ) To (m) Width (m) Gold (g/t)

NT21-204 187.36 198.3 10.94 3.36

NT21-204 Incl. 190.66 191.18 0.52 59.2

NT21-204 399.13 417.05 17.92 1.59

NT21-204 Incl. 399.13 399.9 0.77 17.8

NT22-207 51.85 55.7 3.85 4.12

NT22-207 Incl. 51.85 52.5 0.65 17.2

NT22-211 6.2 31.7 25.5 1.66

NT22-211 Incl. 9.3 10 0.7 26.1

NT22-211 132.4 133.4 1 27.8

NT22-211 307.47 311.65 4.18 40.56

NT22-211 Incl. 309.11 309.41 0.3 214

NT22-211 Incl. 309.41 310.19 0.78 106

NT22-211 334.28 334.58 0.3 71

NT22-212 30.64 31.65 1.01 90.38

NT22-212 Incl. 31.15 31.65 0.5 182

NT22-212 159 167.94 8.94 2.39

NT22-212 Incl. 160.5 161.59 1.09 17.22

NT22-212 and 161 161.59 0.59 23.1

NT22-212 237.22 249.37 12.15 0.87

NT22-212 Incl. 238.76 239.06 0.3 24.2

NT22-212 392.84 401.11 8.27 2.03

NT22-212 Incl. 393.34 393.64 0.3 24.6

NT22-212 574.5 587.5 13 2.59

NT22-212 Incl. 584 584.5 0.5 18.6

NT22-212 596.1 616.5 20.4 8.75

NT22-212 Incl. 614.04 614.34 0.3 549

RV22-39 340.17 347.1 6.93 3.4

RV22-39 Incl. 346 347.1 1.1 17.6

RV22-40 32.85 40.8 7.95 2.79

RV22-40 Incl. 36.5 37.25 0.75 25.2

RV22-40 176.53 176.9 0.37 24.8

Note: Holes NT22-211 & NT22-212 previously reported

Newman Todd / Rivard drill hole details are listed below - UTM zone 15, NAD83.

Hole Number Easting Northing Elevation Depth (m) Dip Azimuth

NT21-204 420313 5656093 362 533 -45 205

NT22-205 420320 5656155 366 575 -45 200

NT22-206 420965 5656466 357 533 -45 135

NT22-207 421064 5656531 358.6 512 -45 135

NT22-208 420180.6 5655916 348 41 -46 50

NT22-208A 420180.6 5655916 348 509 -45 50

NT22-209 420292 5655868 369.23 395 -45 270

NT22-210 420141 5655890 365 470 -58 69

NT22-211 420857 5656540 364 530 -70 175

NT22-212 420857 5656540 364 674 -75 175

RV22-37 419700.8 5656064 399 647 -55 230

RV22-38 419502.9 5656032 402 461 -45 40

RV22-39 419657 5656120 403 516 -45 225

RV22-40 419779 5656376 398 185 -45 180

RV22-41 419778 5656437 398 380 -45 180

RV22-42 419746 5656447 400 452 -45 250

RV22-43 419822 5656112 410 252 -45 40

During June 2022, the Company continued with the surface channel sampling program over the

high-grade quartz veins on the Rivard portion of the property, which began in 2021. This work was

undertaken to better define the 3D geology of the Rivard portion of the property and obtain a better

understanding of the gold mineralization controls from detailed examination of the high-grade veins

seen on surface. Early results of this work show ed a strong correlation between the high grades

and a subtle change in the vein orientations, in locations where an east -west structural corridor

was observed and would likely create plunging high -grade “pipes” related to these structural

intersections.

Figure 3: 2022 Rivard property channel sampling locations.

Three more areas were channel sampled in 2022: on the Main Zone Fault west extension, the

north-central portion of the property outside the limits of the historically trenched areas (North

Contact), and extensions of the VG1 and VG2 area. In this program, all samples were cut at regular

intervals both along and across the observed veins. Listed below are the weighted average grades

for the samples along the length of the gold veins. A full listing of all results and location maps can

be found at www.trilliumgold.com.

Vein

Length

(m)

Length Weighted

Grade (g/t Au)

VG area-QV1-C1 5.5 40.06

VG area-QV2 3.5 26.46

VG area-QV3 2.5 5.02

VG area-QV4 1 0.74

SWA-QV1 3.9 0.40

MZF West-QV1 2 0.42

MZF West -QV2 3 1.77

MZF West -QV3 No Significant Assays

MZF West -QV4 3 0.42

Figure 4: VG area outcrop channel sampling results. Assays shown for samples along vein.

Alteration and widespread gold mineralization occurs extensively within structurally and chemically

favourable rocks on the property. Historically, the Rivard Property is known to contain both visible

gold in narrow high -grade veins, as well as in broader zones of lower grade gold mineralization

ranging from <1 g/t Au to over 560 g/t Au (see NR dated June 29, 2021 – New Discovery Hole at

Rivard Confirms High-Grade visible gold with 129.79 g/t over 1.30 metres).

Previous channel sampling results have shown that the significant gold values are not confined to

small areas within the veins but occur over significant strike lengths , and at considerable grades,

along the veins following structural plunges.

Understanding the controls and geo metry of the high -grade mineralization seen on surface and

intersected in drilling on Rivard is important to the expansion of the overall system. Trillium’s

geological team has shown that this vein system is influenced by the east -west structures evident

in the NT Zone which will increase the success in delineating high-grade shoots that can favourably

impact Newman Todd’s economic prospects.

For the 2021 channel sampling results, see the news release dated March 22, 2022.

All Newman Todd Complex drilling was supervised by Paul Barc, PGeo. The drilling was conducted

by Rodren Drilling Ltd. of West St. Paul, Manitoba. Drill core was logged and sampled in a secure

core facility.

Core samples from these programs were cut in half, using a diamond cutting saw, and half cores

were sent for analysis to Activation Laboratories Ltd. in Dryden, ON, an accredited mineral analysis

laboratory. All samples were analy zed for gold using standard Fire Assay -AA techniques.

Samples returning over 10.0 g/t gold were analyzed utilizing standard Fire Assay -Gravimetric

methods. Any samples with results greater than one ounce per ton gold were also analyzed with

a standard 1 kg metallic screen fire assay. Certified gold reference standards, blanks and

duplicates are routinely inserted into the sample stream, as part of Trillium Gold’s quality

control/quality assurance program (QAQC) to monitor accuracy and precision. No QAQC issues

were noted with the results reported herein.

References to visible gold (VG) are factual observations and should not be construed as

quantifiable grade. All drill interval lengths and widths referenced herein are measured downhole.

The technical information presented in this news release has been reviewed and approved by

William Paterson QP, PGeo, VP of Exploration of Trillium Gold Mines, as defined by NI 43-101.

On behalf of the Board of Directors,

Trillium Gold Mines Inc.

Russell Starr

Director, 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 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 Company recently closed 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.