Pr # 19-14 Otcmkts: Tigcf
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 26, 2019 TSX.V: TIG
PR # 19-14 OTCMKTS: TIGCF
Frankfurt: 8N61
Triumph Gold Provides Corporate Update
Vancouver, British Columbia: July 26, 2019. Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF)
(“Triumph Gold” or the “Company”) is pleased to provide the following corporate update.
The Company has recently completed a private placement financing raising 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 flow
through units at $0.49 per flow through unit and 6,178,851 units at $0.35 per unit. In connection with the
financing, the Company 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 (for further
details see PR#19-13 dated July 24, 2019). Triumph Gold plans to allocate the proceeds of the offering
to exploration on its 100% owned, road accessible, Freegold Mountain property in the Yukon Territory,
and to general working capital.
The Company’s 2019 Phase I drill campaign (see PR#19-10 dated June 18, 2019) is approximately 50%
complete. It is designed to test for a mineralized porphyry system beneath areas where high grade
copper gold silver breccia mineralization were intersected in 2017 and 2018 (e.g. 315 metres of 1.1 g/t Au
5 g/t Ag, 0.27% Cu and 0.02% Mo; see PR#18-09 dated September 12, 2018).
Pursuant to its stock option plan, the Company is issuing 2,850,000 options to officers and directors. The
options are priced at $0. 55 and are valid for a period of 5 years. The stock options will vest 25%
immediately, 25% after six months, 25% after twelve months and 25% after eighteen months.
Qualified Person
The technical content of this news release has been reviewed and approved by Tony Barresi, Ph.D.,
P.Geo., VP Exploration for the company, and qualified person as defined by National Instr ument 43-101.
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 Moun tain 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
Nancy Massicotte
IR Pro Communications Inc.
(604)-507-3377
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
[email protected] [email protected]
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 th is
release.
This news release contains forward -looking information, which involves known and unknown risks,
uncertainties and other factors that may cause actual events to differ materially from current expectation.
Important factors - including the availability of funds, the results of financing efforts, the completion of due
diligence and the results of exploration activities - that could cause actual results to differ materially from
the Company's expectations are disclosed in the Company's documents fi led from time to time on SEDAR
(see www.sedar.com). Readers are cautioned not to place undue reliance on these forward -looking
statements, which speak only as of the date of this press release. The company d isclaims any intention
or obligation, except to the extent required by law, to update or revise any forward -looking statements,
whether as a result of new information, future events or otherwise.