Trigon Announces Increase IN Private Placement Due to Significant Interest

TRIGON ANNOUNCES INCREASE IN PRIVATE PLACEMENT DUE TO SIGNIFICANT INTEREST

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED

STATES

Toronto, Canada – August 1 1, 201 7 – Trigon Metals Inc. (TSX-V: TM) (“ Trigon” or the

“Company”) announces that it is increasing the size of its private placement financing

previously announced on July 19, 2017. The financing will no w consist of the sale of up to

4,666,666 units (the “Units”) at a price of $0.30 per Unit for gross proceeds of up to $1,400,000

(the “Financing”). The terms of the Units remain as announced on July 19, 2017.

Trigon closed the first tranche of the Financin g on July 31, 2017 and issued 1,848,333 Units at a

price of $0.30 per Unit for aggregate gross proceeds of $ 554,500. The second tranche of the

Financing is expected to close on or about August 17, 2017 and remains subject to a number of

conditions, including the approval of the TSX Venture Exchange.

The Company intends to use the net proceeds from the F inancing for exploration and

development of the Kombat Mine, and for working capital and general corporate purposes.

Trigon Metals Inc.

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

operations focused on copper resources in Namibia, one of the world’s most prospective

copper regions, where it has substantial assets in place with significant upside. The Company

continues to hold an 80% interest in five mining licenses in the Otavi Mountain lands, an area of

Namibia particularly known for its high -grade copper deposits. Within these licenses are three

past producing mines including the Company’s flagship property, the Kombat Mine.

For further information, contact:

Spyros Karellas

Investor Relations +1 (416) 433-5696

Email: [email protected]

Website: www.trigonmetals.com

Cautionary Notes

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.

This news release may cont ain forward -looking statements. These statements include

statements regarding the Financing, the expected u se of proceeds of the Financing and the

Company’s future plans and objectives. These statements are based on current expectations and

assumptions that are subject to ris ks 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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of

the securities in the United States. The securities have not been and will not be registered under

the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state

securities laws and may not be offered or sold within the United States or to U.S. Persons unless

registered under the U.S. Securities Act and applicable state securities laws or an exemption

from such registration is available.