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TIG.V ·

Pr # 19-13 Otcmkts: Tigcf

Corporate Updates

PRESS RELEASE

For Further Information, please 1100 – 1111 Melville Street

Visit our website at Vancouver, BC, Canada, V6E 3V6

www.triumphgoldcorp.com Tel: 604.893.8757

July 24, 2019 TSX.V: TIG

PR # 19-13 OTCMKTS: TIGCF

Frankfurt: 8N61

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES.

TRIUMPH GOLD CLOSES FINAL TRANCHE OF $5,122,913 PRIVATE PLACEMENT

Vancouver, British Columbia – July 24, 2019 -- Triumph Gold Corp. ("Triumph Gold" or the “Company”)

(TSX Venture Exchange: TIG) is pleased to announce that it has completed the final tranche of its non-

brokered private placement (the "Offering") d escribed in its news releas e of May 9, 2019. In connection

with the final tranche closing of the Offering, the Company issued an aggregate of 1,400,000 flow through

units (the "FT Units") at a price of CDN$0.49 per FT Unit for aggregate gross proceeds of CDN$686,000.

Each FT Unit consists of one flow-through common share in the capital of the Company (a “ FT Share”)

and one-half of one common share purchase warrant (each whole common share purchase warrant, a

“Warrant”). Each whole Warrant is exercisable to acquire one Share at an ex ercise price of CDN$0.60 per

Share until July 24, 2021, which is 24 months from the date of issuance.

Triumph Gold plans to allocate the proceeds of the Offering to exploration on its Freegold Mountain

project and to general working capital.

The securities issued under the Offering, and any Shares that may be issuable on exercise of any such

securities, will be subject to a statutory hold period expiring four months and one day from the date of

issuance of such securities.

Including all tranches of the fina ncing, the Company has raised total gross proceeds of $5,122,913

($2,960,315.40 flow through and $2,162,597 .85 non-flow through) and issued 6,041,460 FT Units at

$0.49 per unit and 6,178,851 Units at $0.35 per Unit. In connection with the financing, the Co mpany has

paid finder’s fees totaling $130,840 .70 and issued 241,259 finder’s warrants. Each finder’s warrant is

exercisable to acquire one Share in the capital of the Company at an exercise price of CDN$0.60 per

Share until such date that is 24 months from the date of issuance.

About Triumph Gold Corp.

Triumph Gold Corp. is a growth oriented Canadian -based precious metals exploration and development

company. Triumph Gold Corp. is focused on creating value through the advancement of the district scale

Freegold Mountain project in Yukon . For maps and more information, please visit our website

www.triumphgoldcorp.com

On behalf of the Board of Directors

Signed "Paul Reynolds"

Paul Reynolds, President & CEO

For further information please contact:

John Anderson, Executive Chairman

Triumph Gold Corp.

(604) 218-7400

[email protected]

Paul Reynolds President & CEO

Triumph Gold Corp.

(604) 283-0895

[email protected]

PRESS RELEASE

For Further Information, please 1100 – 1111 Melville Street

Visit our website at Vancouver, BC, Canada, V6E 3V6

www.triumphgoldcorp.com Tel: 604.893.8757

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

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.

Cautionary Statement Regarding Forward-Looking Information

Certain information contained in this news release constitutes “forward-looking information” or “forward-

looking statements” (collectively, “forward-looking information”). Without limiting the foregoing, such

forward-looking information includes statements regarding the use of proceeds of the offering. In this

news release, words such as “plans” and similar words and the negative form thereof are used to identify

forward-looking information. Forward looking information should not be read as guarantees of future

performance or results, and will not necessarily be accurate indications of whether, or the times at or by

which, such future performance will be achieved. Forward-looking information is based on

information available at the time and/or the Company management’s good faith belief with respect to

future events and is subject to known or unknown risks, uncertainties, assumptions and othe r

unpredictable factors, many of which are beyond the Company’s control. For additional information with

respect to these and other factors and assumptions underlying the forward-looking information made in

this news release, see the Company’s most recent Management’s Discussion and Analysis and financial

statements and other documents filed by the Company with the Canadian securities commissions and the

discussion of risk factors set out therein. Such documents are available at www.sedar.com under the

Company’s profile and on the Company’s website, www.triumphgoldcorp.com. The forward-looking

information set forth herein reflects the Company’s expectations as at the date of this news release and is

subject to change after such date. The Company disclaims any intention or obligation to update or revise

any forward-looking information, whether as a result of new information, future events or otherwise, other

than as required by law.