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Trifecta Gold samples 2.15 g/t gold at Treble, Yukon

Drill Results Sampling & Geoscience Results

510 – 1100 Melville St. www.trifectagold.com

Vancouver, B.C. V6E 4A6 [email protected]

Tel: 604.687.2522 TSX-V: TG

Trifecta Gold samples 2.15 g/t gold at Treble, Yukon

November 21, 2022 - Trifecta Gold Ltd. (TSX-V: TG) (“Trifecta” or the “Company” ) is pleased to

announce results from recent work at its 100% owned Treble project, located in the Dawson Range Gold

Belt of west central Yukon.

Highlights include:

• Rock sampling returned 2.15 g/t gold from Anomaly C.

• The newly delineated Anomaly D defined by a 1,200 x 1,300 m circular magnetic feature with

coincident anomalous gold- and copper-in-soil values.

• Hand trench graded 0.453 g/t gold over 6 m, including 1.505 g/t gold over 1.0 m from Anomaly A.

The Treble property is located midway between Western Copper and Gold Corporation’s Casino deposit,

the largest copper and gold deposit in the Yukon, and Rockhaven Resources Ltd.’s Klaza deposit, a high-

grade gold-silver deposit (Figure 1). The property is underlain by metamorphosed sedimentary and granitic

rocks that are intruded by Cretaceous granitic plutons and quartz-feldspar porphyry dikes similar to host

rocks of nearby porphyry-related gold-silver and copper deposits. The property lies in the vicinity of the

regionally significant Big Creek fault, which is associated with Late Cretaceous mineralization along its

length.

Figure 1. Location of the Treble property

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During summer 2022 Trifecta expanded its claim block and conducted mapping, prospecting, and rock

sampling within zones of anomalous soil geochemistry as well as soil sampling on the new claims

(Anomaly D) and infill soil sampling at Anomaly C.

Within Anomaly A, a 6 m trench dug up-slope of a 2011 grab sample of hydrothermal breccia that returned

14.15 g/t gold exposed sub-outcrop of brecciated, silicified and altered schist. A continuous chip sample

averaged 0.453 g/t gold over 6 m, including 1.505 g/t gold over 1.0 m (Photo 1). The subcrop exposed

in the trench comprised oxidized to limonitic quartzite to psammitic schist hosting cavities infilled with

euhedral quartz, minor quartzite crackle breccia, as well as hydrothermal breccia with clasts of quartz

supported in a fine-grained, dark grey, siliceous matrix. This area broadly coincides with a magnetic low

geophysical anomaly.

Photo 1: TR-22-02 composite sample of brecciated schist with crosscutting quartz veining and abundant limonitic vugs

and cavities. This sample returned 1.505 g/t gold over 1.0 m.

Infill soil sampling at Anomaly C returned values up to 880 ppb gold. A prospecting pit dug near this peak

soil value discovered strongly oxidized material grading 2.15 g/t gold, 20.3 g/silver, and above detection

limit (>10,000 ppm) arsenic (Photo 2).

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Photo 2: Strongly oxidized to quartz-sericite-clay altered, medium-grained, granitoid with abundant vugs and

cavities infilled with scorodite, limonite, and brown oxide that returned 2.15 g/t gold and 20.3 g/t silver within

Anomaly C.

Six new claims were staked to cover a circular magnetic feature (Anomaly D) near the western side of the

property. Soil sampling returned strongly anomalous copper and gold values (up to 301 ppm Cu and 156

ppb Au) over a 1,200 by 1,300 m area (Figures 2 and 3). The geophysical response in this area is similar

to hydrothermally altered and mineralized Late Cretaceous granitic intrusions elsewhere in the Dawson

Range Gold Belt.

Anomaly E lies subparallel to Anomaly A and is a 2000 by 500 m elongated band of weakly to strongly

anomalous soil response for gold (up to 648 ppb) and arsenic (up to 810 ppm) that broadly overlaps a

juxtaposed magnetic low and high that is associated with a Casino Suite intrusion.

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Figure 2. Gold-in-rock geochemical results from all programs over FVD magnetic data

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Figure 3. Gold-in-soil geochemical results from all programs over FVD magnetic data

The geophysical and geochemical anomalies, coupled with mapped outcrops and mineralized rock samples

at surface suggest evidence for a large hydrothermal system related to Late Cretaceous granitic intrusions.

Trifecta thanks the Yukon Government for awarding the Company a Yukon Mineral Exploration Program

(YMEP) grant for Target Evaluation at the Treble project in 2022 . Under the YMEP the Yukon

Government provides successful applicants funding to support mineral exploration activities for 50% of

eligible expenditures to a maximum of $40,000.

Technical information in this news release has been approved by Heather Burrell, P.Geo., a senior geologist

with Archer, Cathro & Associates (1981) Limited and qualified person for the purpose of National

Instrument 43-101.

About Trifecta Gold Ltd.

Trifecta is a Canadian-based precious metals exploration company dedicated to increasing shareholder

value through the discovery and development of 100% held gold projects in Yukon and Nevada. Initial

drilling at its Yuge Gold Project , located in northern Nevada, has identified multiple broad zones of gold

mineralization near historical high-grade mines. The Company’s Eureka Project hosts an 8 x 2.5 km belt

of surface showings and anomalous gold-in-soil that straddle the headwaters of two of the most productive

placer creeks in Yukon’s southern Klondike Goldfields.

ON BEHALF OF THE BOARD

“Richard Drechsler”

President and CEO

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For further information concerning Trifecta or its various exploration projects please visit

www.trifectagold.com or contact:

Corporate Information

Trifecta Gold Ltd.

Richard Drechsler

President and CEO

Tel: (604) 687-2522

This news release may contain forward looking statements based on assumptions and judgments of

management regarding future events or results that may prove to be inaccurate as a result of exploration

and other risk factors beyond its control, and actual results may differ materially from the expected results.

Neither the 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 news release.