Trigon Closes First Tranche of Private Placement Financing

TRIGON CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FINANCING

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

STATES

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

has closed a non-brokered first tranche (the “First Tranche”) of its previously announced private

placement of units (the “Units”) . The Company issued 1,616,667 Units at a price of $0.30 per

Unit for aggregate gross proceeds of $485,000.

Each Unit consists of one common share of the Company (a “Share”) and one -half of one

common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the

holder thereof to acquire one Share at a price of $0.40 for a period of 36 months following the

closing date of the First Tranche.

The Company intends to use the net proceeds from the First Tranche for exploration and

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

The First Tranche is subject to final approval of the TSX Venture Exchange. The securities issued

pursuant to the First Tranche will be subject to a four month and one day statutory hold period

expiring on October 2, 2017. The Company did not pay any finder’s fees in connection with the

First Tranche.

Trigon Metals Inc.

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

operations focused on coppe r 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 First Tranche, the expected u se of proceeds of the First Tranche 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 di scussion 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 se curities laws or an exemption

from such registration is available.