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TIG.V ·

Triumph Gold Announces Completion of Share Consolidation

Corporate Actions

For Further Information, please 1100 – 1111 Melville Street

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

www.triumphgoldcorp.com Tel: 604.893.8757

Triumph Gold Announces Completion of Share Consolidation

VANCOUVER, British Columbia, December 22, 2022 -- Triumph Gold Corp. , (TSX -V: TIG)

(OTCMKTS: TIGCF) ( “Triumph” or the “Company”) announces that the TSX Venture Exchange (the

“Exchange”) has approved the Company’s consolidation of its share capital on the basis of one post -

consolidated share for each ten pre-consolidated shares as previously announced on December 14, 2022.

The Company’s common shares will commence trading on the Exchange on a post -consolidated basis at

market open on Friday, December 23, 2022 under the same trading symbol “TIG”. The new CUSIP number

is 896812203 and the new ISIN number is CA8968122033.

No fractional shares will be issued under the share consolidation as fractional shares will be rounded down

to the nearest whole number. The Company previously had 138,844,229 common shares issued and

outstanding and immediately following the share consolidation has 13,884,422 common shares issued and

outstanding.

Letters of transmittal will be mailed to the registered holders of common shares, requesting that they

surrender their certificates representing the pre -consolidated common shares to the Company’s registrar

and transfer agent, Odyssey Trust Company, in exchange for new common share certificates representing

post-consolidated common shares.

Non-registered shareholders of the Company holding their common shares through a bank, broker or other

nominee should note that such banks, brokers or other nominees may have different procedures for

processing the share consolidation than those that will be put in place by the Company for registered

shareholders. If you hold your common shares with such a bank, broker or other nominee and if you have

any questions in this regard, you are encouraged to contact your nominee.

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

/s/ “John Anderson”

John Anderson, Executive Chair

For further information please contact:

John Anderson, Executive Chair

Triumph Gold Corp.

+1 (604) 218-7400

[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 this release.