Pr # 21-02 Otcmkts: Tigcf
PRESS RELEASE
For further information 1100 – 1111 Melville Street
Please visit our website at Vancouver, BC, Canada, V6E 3V6
triumphgoldcorp.com Tel: 604.893.8757
Not for distribution in the United States or to U.S. wire services.
February 04, 2021 TSX.V: TIG
PR # 21-02 OTCMKTS: TIGCF
Frankfurt: 8N61
Triumph Gold to Acquire Big Creek Property
Vancouver, B.C., February 04, 2021 – Triumph Gold Corp. (TSX-V:TIG | OTCMKTS:TIGCF)
(“Triumph Gold” or “the Company”) is pleased to announce that it has entered into an agreement
(the “Agreement”) with Teck Resources Limited (“Teck”) to acquire the Big Creek copper-gold
property located in Yukon , Canada (the “ Property”) in consideration for 1,250,000 common
shares of the Company and a 1.5% net smelter return granted to Teck , pursuant to a royalty
agreement (the “Transaction”).
The Big Creek property consists of 258 contiguous quartz mining claims in the Whitehorse Mining
District of Yukon (NTS sheets 115I/05 and 115I/12 ) and borders Triumph Gold’s 100% owned
Tad/Toro property to the northwest, significantly expanding the Company’s interest in the Dawson
Range Gold District (Figure 1). The adjoining properties are located along the prolific Big Creek
Fault and the planned extension of the Mt. Freegold Road by the Yukon Resource Gateway
Project. The existing 85-kilometre-long Mt. Freegold Road provides access to all portions of the
Company’s flagship Freegold Mountain Project located approximately 15 kilometres southeast of
the newly acquired Property. The Yukon Government recently announced a second Resource
Gateway Project agreement with Little Salmon/Carmacks First Nation, involving mining-standard
upgrades to the three bridges along the existing Mt. Freegold Road.
All securities issued in connection with the Transaction will be subject to a four month hold period
in accordance with applicable securities laws and the policies of the TSX Venture Exchange (the
“TSXV”). No finder’s fees will be paid in connection with the Transaction. The Transaction is an
arms-length Transaction, and completion of the Transaction is subject to approval of the TSXV.
The technical content of this news release has been reviewed and approved by Jesse Halle,
P.Geo., Vice President Exploration for the Company and qualified person as defined by National
Instrument 43-101.
About Triumph Gold Corp.
Triumph Gold Corp. is a Canadian based, growth -oriented precious metals exploration and
development company with a district scale land package in mining friendly Yukon. Triumph Gold
is focused on creating value through the advancement of the district-scale Freegold Mountain
Project located in the Dawson Range Gold Belt of Yukon, Canada. For maps and more
information, please visit triumphgoldcorp.com.
On behalf of the Board of Directors
Signed “John Anderson”
John Anderson, Executive Chairman
PRESS RELEASE
For further information 1100 – 1111 Melville Street
Please visit our website at Vancouver, BC, Canada, V6E 3V6
triumphgoldcorp.com Tel: 604.893.8757
For further information please contact:
John Anderson, Executive Chairman
Triumph Gold Corp.
(604) 218-7400
Nancy Massicotte
IR Pro Communications Inc.
(604) 507-3377
Mars Investor Relations
(647) 557-6651
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 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 (including statements with respect to the Transaction ). 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 place undue reliance 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.
PRESS RELEASE
For further information 1100 – 1111 Melville Street
Please visit our website at Vancouver, BC, Canada, V6E 3V6
triumphgoldcorp.com Tel: 604.893.8757
Figure 1: Location map of the new Big Creek claims (the property subject to the above referenced
agreement with Teck), approximately 15 kilometres northwest of Triumph Gold’s flagship Freegold
Mountain Project, and contiguous with Triumph Gold’s Tad/Toro Property to the northwest. The
Planned Resource Gateway Road extension is outlined in purple.