Trigon Metals Announces Private Placement Financing

TRIGON METALS ANNOUNCES PRIVATE PLACEMENT FINANCING

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

Toronto, Canada – August 1, 2018 – Trigon Metals Inc. (TSX -V: TM) (“Trigon” or the “Company”)

intends to complete a non -brokered private placement financing of up to 5,000,000 units ( the

“Units”) at a price of $0.15 per Unit for gross proceeds of up to $ 750,000 (the “Offering”). Each

Unit will be comprised of one common share of Trigon (a “Share”) and one common share

purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Share

at a price of $0.25 for a period of 36 months following the closing date of the Offering.

Closing of the Offering is expected to occur on or about August 15, 2018 and remains subject to a

number of conditions, including receipt of all necessary regulatory approvals, including the

approval of the TSX Venture Exchange.

The Company intends to use the net proceeds from the Offering for initial project mobilization at

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

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development co mpany 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 licenc es in the Otavi Mountain lands, an area of Namibia

particularly known for its high -grade copper deposits. Within these licen ces are three past

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

For further information, contact:

Stephan Theron

President & CEO

+1 (416) 861-5899

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 contain forward -looking statements. These statements include statements

regarding the Offering, the expected use of proceeds of the Offering and the Company’s future

plans and objectives. These statements are based on current expectat ions 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 repo rts 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 t o 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.