SF.V · 2021-09-17 12:00:00

The updated NI 43-101 technical report reports an Indicated Minerals Resource of 12.22 million

Resource Estimates Technical Reports (NI 43-101)

T R I G O N FIL ES N I 43 -101 T E C H N I C A L R E P O R T O N U P D A T E D K O M B A T

M I N E R A L R E S O U R C E

TORONTO, September 17, 2021 – Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”)

has filed an updated NI 43-101 technical report covering the Kombat copper project in Namibia.

The updated NI 43-101 technical report reports an Indicated Minerals Resource of 12.22 million

tonnes and an Inferred Mineral Resource of 1.91 million tonnes, representing a 66% increase in

the Indicated Mineral Resource from the previous estimate reported at October 1, 2020 (see press

release dated August 3, 2021).

Combined Mineral Resource (Open Pit & Underground) as at 3 August 2021

Area

Mineral

Resource

Category

Tonnes Density

Grade Content

Cu Pb Ag Cu Pb Ag

Mt t/m3 % % ppm t t kg

Kombat East

Indicated

0.10 2.83 1.69 1.55 11.50 1,667 1,526 1,133

Kombat Central 0.23 2.84 1.90 1.55 19.80 4,344 3,538 4,524

Kombat West 0.76 2.85 2.27 1.45 13.04 17,295 11,101 9,954

Asis West 5.53 2.83 2.79 0.87 20.78 154,337 48,224 114,823

Gap 0.32 2.79 2.25 0.18 11.58 7,164 568 3,691

Total Indicated 6.93 2.83 2.66 0.94 19.34 184,807 64,957 134,126

Kombat Central

Inferred

0.01 2.88 2.02 2.74 0.01 187 254 0

Kombat West 0.13 3.68 5.01 10.53 0.06 6,371 13,389 8

Asis West 0.09 2.83 2.90 0.84 16.12 2,557 741 1,423

Gap 0.00 2.79 2.51 0.27 55.40 122 13 270

Asis Far West 1.04 2.80 2.55 0.36 9.11 26,495 3,758 9,452

Total Inferred 1.27 2.89 2.82 1.43 8.80 35,732 18,156 11,153

Notes:

1. The underground Mineral Resource is below the depth limit and is declared at a CuEq cut-off of 1.5%.

2. The Mineral Resource has been depleted with historical mined voids.

3. No additional geological losses have been applied.

4. Mineral Resources are reported as total Mineral Resources and are not attributed.

The above Mineral Resource estimate is the culmination of 18 months of work, first mapping

historical drilling and historic mine production in three dimensions, and the re -logging and

assaying of 50 years of stored drill core. Work was able to confirm historic assa y results for

copper, and assay silver for the first time, converting 86.5% of the global resource to Measured

and Indicated confidence level of an NI 43 -101 Mineral Resource estimate , which represents a

robust open pit and underground Mineral Resource estimate that is projected to deliver more than

20 years at planned production levels.

The updated Mineral Resource has been prepared and classified by technical consultants

Minxcon (Pty) Ltd (“Minxcon”) in accordance with the reporting guidelines as set out in National

Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”) as required by the

Canadian Securities Administrators. For further information with respect to the key assumptions,

parameters, risks, the mineral resource estimate, data verification, quality assurance and quality

control (“QA/QC”) and other technical information, please refer to the technical report.

The technical report titled “ NI 43 -101 Mineral Resource Report on the Kombat Project,

Namibia” dated September 16, 2021, has been filed on the SEDAR website

at www.sedar.com and on the Company website at www.trigonmetals.com .

Qualified Person

Mr. Uwe Engelmann (BSc (Zoo. & Bot.), BSc Hons (Geol.), Pr.Sci.Nat. No. 400058/08, MGSSA)

of Minxcon, is a “qualified person” as such term is defined in NI 43-101 and has reviewed and

approved the technical information and data included in this press release. As a director of

Minxcon, Mr. Engelmann is considered independent.

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business

focused on copper and silver holdings in mine-friendly African jurisdictions. Currently the company

has operations in Namibia and Morocco. In Namibia, the Company holds an 80% interest in five

mining licences in the Otavi Mountainlands, an area of Namibia widely recognized for its high-

grade copper deposits, where the Company is focused on exploration and re-development of the

previously producing Kombat mine. In Morocco, the Company is the holder of the Silver Hill

project, a highly prospective copper and silver exploration project.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements

regarding the Company’s Mineral Resources and Reserves, the Company’s strategies and the

Company’s abilities to execute such strategies, the Company’s expectations for the Kombat

operations, the Company’s ability to restart the Kombat operations, the Company’s ability to

obtain adequate investment and other financing, and the Company’s future plans and objectives.

These statements are based on current expectations and assumptions that are subject to risks

and uncertainties. Actual results could differ materially because of factors discussed in the

management discussion and analysis section of our interim and most recent annual financial

statements or other reports and filings with the TSX Venture Exchange and applicable Canadian

securities regulations. We do not assume any obligation to update any forward-looking

statements, except as required by applicable laws.

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.

For further information, contact:

Jed Richardson

+1 647 276 6002

[email protected]

Website: www.trigonmetals.com

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