Triumph Gold Closes C$5,124,000 Financing and Confirms Goldcorp Participation
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 11, 2018 TSX.V: TIG
PR # 18-05 Frankfurt: 8N6
Not for distribution in the United States or to U.S. wire services.
Triumph Gold Closes C$5,124,000 Financing and
Confirms Goldcorp Participation
Vancouver, British Columbia: July 11, 2018. Triumph Gold Corp. (TSX-V: TIG) ( “Triumph” or the
“Company”) is pleased to announce that it has completed a private placement financing of 14,641,101
units of Triumph at a price of $0.35 per unit for gross proceeds of approximately $5,124,385. Each unit
consists of one common share of the Company and one half of one non -transferable common share
purchase warrant (each whole warrant, a “ Warrant”). Each Warrant is exercisable into one additional
common share at a price of $0.55 for a period of two years from the closing of the financing. The
investment was made primarily by institutional investors. A private Hong Kong fund invested
approximately $2.5 million and three existing shareholders (amongst others) participated in the offering,
including Goldcorp Inc. (“ Goldcorp”) which exercised its right to top up to a 19.9% ownership by
participating in the financing.
John Anderson, Chairman of Triumph commented: “We are excited to have new institutional investors
investing directly into the C ompany as we continue to explore the Freegold Mountain project. As well,
we are overwhelmed that current shareholders requested to increase their investment at this time.
Goldcorp has participated in this financing to increase its interest in the Company to 19.999% on a partially
diluted basis. We view this investment as a validation of our exploration philosophy and look forward to
continuing to work with Goldcorp’s technical team as we continue to advance the Freegold Mount ain
project.”
The proceeds of the offering will be used for exploration at the Company’s Freegold Mountain project and
for general working capital. Triumph currently has two diamond drills on the property and is in the middle
of an 18,000 metre drilling program.
All securities issued in connection with this financing will be subject to a statutory four month hold period
expiring on November 12, 2018, in accordance with applicable Canadian securities laws. Upon completion
of the private placement, the Company will have 78,442,638 common shares issued and outstanding. The
Company has agreed to pay cash f inder's fees in the aggregate amount of $ 31,300 to certain finders in
connection with the private placement.
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
Goldcorp and Palisade Global Investments Ltd., each subscribed for 2,719,674 units and 2,900,000 units,
respectively, under the offering. The participation of each of these insiders is considered to be a “related
party transaction” as defined under TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101
Protection of Minority Security Holders in Special Transaction s (“MI 61-101”). The Company determined
that an exemption from the formal valuation requirement of MI 61 -101 was available for each relate d
party transaction pursuant to Section 5.5(b) of MI 61 -101. The Company also relied on Section 5.7(1)(a)
of MI 61-101 for an exemption from the minority shareholder approval requirement.
The Company did not file a material change report more than 21 days in advance o f the closing of the
offering, which the Company deems reasonable and necessary in the circumstances as the closing date of
the private placement had not been established at that time.
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 w ebsite
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.
+1 (604) 218-7400
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.
Certain information contained herein constitutes “forward -looking information” under Canadian securities
legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such
as “look forward”, or variations of such words and phrases or statements that certain actions, events or results “will”
occur. Forward-looking statements regarding working with Goldcorp’s technical team and the use of pro ceeds are
based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or achievements of the Company to be materially different
from those ex pressed or implied by such forward -looking statements or forward -looking information, including
capital expenditures, natural resource prices and other costs. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward -looking statements and forward -
looking information. Pinedale will not update any forward -looking statements or forward-looking information that
are incorporated by reference herein, except as required by applicable securities laws.