Pr # 19-15 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
August 26, 2019 TSX.V: TIG
PR # 19-15 OTCMKTS: TIGCF
Frankfurt: 8N61
Rio Tinto Exploration Canada Enters Option to Purchase Triumph Gold’s
Andalusite Peak Copper-Gold-Silver Property in Northwestern British Columbia
Vancouver, British Columb ia: August 26, 201 9. Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS:
TIGCF) (“Triumph Gold” or the “ Company”) is pleased to announce that Rio Tinto Exploration Canada
Inc. (RTEC) has entered an option agreement to obtain a 100% interest in Triumph Gold ’s Andalusite
Peak property located in northwest British Columbia. Under the terms of the option agreement, RTEC will
pay Triumph Gold $3,000,000 over a five-year option period and reserve for Triumph Gold a one percent
(1%) net smelter returns royalty, which is ca pped at $5 0 million. The sum of $25,000 is payable to the
Company within 45 days of the agreement date with a further $50,000 payable on or before the first
anniversary date of the agreement.
The Andalusite Peak property ( 31.67 km 2) was staked by Triumph Gold in J anuary 2017 to cover an
alteration “blow out” (a portion of an alteration zone with increased width and alteration intensity) near the
center of a 27-kilometre-long corridor of intermediate to advanced argillic alteration that was identifie d and
mapped in 2016 by B.C. Geological Survey geologist Bram van Straaten. Work by Triumph Gold
geologists in 2017 and 2018 verified the alteration zone and identified two trends of high grade copper
(Cu), silver (Ag) and gold (Au) mineralization on ridge-tops approximately 1.5 kilomet res apart : the
Gentleman-Julep Trend is delineated over 550 metres with seven grab samples that grade >0.5% Cu and
up to 3.3% Cu, 22.1 grams/tonne (g/t) Ag, and 2.8 g/t Au; the Tennessee Trend is delineated over 1.5
kilometres with fifteen grab samples that grade >0.5% Cu and up to 67% Cu, 500 g/t Ag and 2.8 g/t Au.
For details of geochemical sampling results see PR#19-01 dated January 9, 2019 and PR#18-03 dated
January 22, 2018.
Paul Reynolds, President and CEO of Triumph Gold , commented: “ We are very pleased to have Rio
Tinto’s considerable technical expertise and proprietary exploration techniques directed t owards
advancing the Andalusite Peak Property , while allowing Triumph Gold to focus financial and technical
resources on our flagship property, the 100% owned, road accessible, Freegold Mountain Property, in the
Yukon Territory. The agreement benefits Triumph Gold in the near term with cash payments and provides
exposure to the upside of a potential future mine development through a 1% net smelter returns royalty.”
Qualified Person
The technical content of this news release has been reviewed a nd approved by Tony Barresi, Ph.D.,
P.Geo., VP Exploration for the company, and qualified person as defined by National Instrument 43 -101.
About Triumph Gold Corp.
Triumph Gold Corp. is a growth oriented Canadian -based precious metals exploration and deve lopment
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
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
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
Neither the TSX Venture Exchange nor its Regulation Services Provide r (as that t erm is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
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 filed from time to time on SEDAR
(see www.sedar.com). Readers are cautioned not to pl ace undue re liance on these forward -looking
statements, which speak only as of the date of this press release. The company disclaims 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.