TIG.V · 2021-12-02 12:00:00

Triumph Gold Drills 106.50 m of 0.76 g/t AuEq and Expands the Blue Sky Zone at the Freegold Mountain Project, Yukon

Drill Results

PRESS RELEASE

For further information 1100 – 1111 Melville Street

please visit our website at Vancouver, BC, Canada, V6E 3V6

www.triumphgoldcorp.com Tel: 604.893.8757

December 2, 2021

PR # 21-12

Triumph Gold Drills 106.50 m of 0.76 g/t AuEq and Expands the Blue

Sky Zone at the Freegold Mountain Project, Yukon

Vancouver, BC December 2, 2021 – Triumph Gold Corp. (TSX-V: TIG | OTCMKTS: TIGCF |

Frankfurt: 8N61) (“Triumph Gold” or “the Company”) is pleased to announce results from 896.72

metres of diamond drilling in 3 holes from the Blue Sky Zone (“BSZ”) within the Revenue Deposit

at the Freegold Mountain Project (Figure 1), highlighted by 106.50 metres (“m”) of 0.76 grams

per ton (“g/t”) gold equivalent1 (“AuEq”) in RVD21-05.

Highlights:

During the 20 21 exploration program, three drill holes were completed at the Blue Sky Zone

totaling 896.72 metres (Figure 2, Tables 1 and 2).

• Drilling encountered multiple styles of mineralization including porphyry-style stockwork

veins, disseminated sulphides, sulphide breccias, and epithermal veins

• Drilling add ed near-surface mineralization of the Blue Sky Zone within the open pit

resource (Figure 2)

• 106.50 metres of 0.76 g/t AuEq from 120.00 metres in RVD21-05

• Containing 0.27 g/t gold (“Au”), 5.43 g/t silver (“Ag”), 0.22% copper (“Cu”), and

0.014% molybdenum (“Mo”)

• 26.82 metres of 0.67 g/t AuEq from 169.18 metres in RVD21-06

• Containing 0.50 g/t Au, 1.54 g/t Ag, 0.07% Cu, and 0.004% Mo

• 15.65 metres of 0.49 g/t AuEq from 205.35 metres in RVD21-06

• Containing 0.22 g/t Au, 2.01 g/t Ag, 0.09% Cu, and 0.017% Mo

• 71.00 metres of 0.51 g/t AuEq from 204 metres in RVD21-07

• Containing 0.19 g/t Au, 1.39 g/t Ag, 0.06% Cu, and 0.036% Mo

• RVD21-06 intersected porphyry-style mineralization with 27.00 metres of 0.44 g/t AuEq

from 244.00 metres

• Containing 0.17 g/t Au, 2.38 g/t Ag, 0.09% Cu, and 0.015% Mo

The Blue Sky Zone is defined by 12 drill holes: three holes from the 2021 program (Table 1) and

nine historical holes (Table 3). The Blue Sky Zone is a NE-striking, near vertical body of Au-Cu-

Ag-Mo mineralization that remains open at depth. The Revenue Deposit is made up of the Blue

Sky Zone, WAu Zone, and zones of Cu-Mo-Au porphyry-style mineralization.

The Blue Sky Zone has been expanded 100 metres westwards and towards the surface with a

modeled strike length of 210 metres. The zone has an average width of 70 metres and a depth of

480 metres below surface. The 2021 drilling program expanded both the Blue Sky Zone and the

WAu Zone and reduced the gap between the two zones to 65 metres (Figure 2).

PRESS RELEASE

For further information 1100 – 1111 Melville Street

please visit our website at Vancouver, BC, Canada, V6E 3V6

www.triumphgoldcorp.com Tel: 604.893.8757

46% of the 6,615 metres of the 2021 diamond drilling program have been reported to date

(PR#21-11). Further updates will be provided when the results for the remain der of the 2021

exploration program are received and interpreted from the Nucleus Deposit, Big Creek South

Fault Zone, the Orbit Zone, and regional exploration activities (Figure 1).

Table 1. 2021 Drilling Highlights

1 Refer to the Reference and Disclosure section below for compositing techniques and AuEq calculations.

Table 2. 2021 Drill Hole Summary (Coordinates in UTM NAD83 Zone 8N)

Table 3. Reinterpretation of Historical Blue Sky Zone Intercepts

1,2 Refer to the Reference and Disclosure section below for compositing techniques and AuEq calculations.

Drill Hole From

(m)

Interval

(m)

AuEq

(g/t)

(%)

Mineralization

Style

RVD21-05 120.00 226.50 106.50 0.76 0.27 5.43 0.22 0.014 BSZ-Breccia/Vein

RVD21-06 56.00 67.05 11.05 0.35 0.29 0.58 0.03 0.000 Porphyry-style

RVD21-06 116.00 122.00 6.00 0.29 0.17 1.27 0.06 0.002 Porphyry-style

RVD21-06 169.18 196.00 26.82 0.67 0.50 1.54 0.07 0.004 BSZ-Breccia/Vein

RVD21-06 205.35 221.00 15.65 0.49 0.22 2.01 0.09 0.017 BSZ-Breccia/Vein

RVD21-06 244.00 271.00 27.00 0.44 0.17 2.38 0.09 0.015 Porphyry-style

RVD21-07 27.43 53.00 25.57 0.27 0.23 0.34 0.02 0.000 Porphyry-style

RVD21-07 169.00 185.00 16.00 0.36 0.13 1.37 0.08 0.014 Porphyry-style

RVD21-07 204.00 275.00 71.00 0.51 0.19 1.39 0.06 0.036 BSZ-Breccia/Vein

RVD21-07 316.50 325.50 9.00 0.30 0.22 0.48 0.04 0.004 Porphyry-style

Drill Hole Easting (m) Northing (m) Elevation (m) Azimuth (°) Dip (°) Depth (m)

RVD21-01 383,005 6,913,102 878 328 -71 502.92

RVD21-02 382,958 6,913,021 895 350 -73 603.81

RVD21-03 383,044 6,913,091 870 010 -84 527.30

RVD21-04 383,108 6,913,104 851 350 -75 520.16

Drill Hole From

(m)

Interval

(m)

AuEq

(g/t)

(%)

RVD17-01 315.42 464.00 148.58 0.69 0.33 3.02 0.14 0.017

RVD17-13 98.00 175.00 77.00 1.36 0.85 5.13 0.22 0.015

RVD18-05 375.00 524.26 149.26 0.67 0.30 3.12 0.15 0.016

RVD18-16 162.58 273.00 110.42 1.86 1.33 5.36 0.25 0.012

RVD18-17 283.00 489.10 206.10 1.42 0.86 5.91 0.25 0.014

RVD18-19 196.00 512.00 316.00 1.72 1.10 5.27 0.27 0.020

RVD18-20 202.00 293.00 91.00 0.95 0.52 4.74 0.22 0.005

RVD18-21 366.50 437.50 71.00 1.21 0.82 10.65 0.15 0.003

RVD19-04 191.61 496.00 304.39 1.12 0.64 6.13 0.23 0.006

PRESS RELEASE

For further information 1100 – 1111 Melville Street

please visit our website at Vancouver, BC, Canada, V6E 3V6

www.triumphgoldcorp.com Tel: 604.893.8757

“We are pleased to report these exceptional drill results that support the teams’ geological

interpretation of the Blue Sky Zone extending towards surface within the open-pit resource. We

are excited that the WAu Zone and Blue Sky Zone continue to grow bulk-tonnage mineralization

within the Revenue Deposit,” stated Brian May, President, Triumph Gold Corp.

Detailed Interpretation and Geology

RVD21-05 intercepted the Blue Sky Zone and returned 106.50 m etres of 0.76 g/t AuEq from

120.00 metres. This intercept is located 60 metres southwest of RVD18 -16, which had an

intercept of 110.42 metres grading 1.86 g/t AuEq (PR#18-08). The 2021 program expanded the

Blue Sky Zone 100 metres westwards and towards the surface (Figure 2 ). The updated

expression of the Blue Sky Zone is now modeled to be 65 metres from the WAu Zone ,

suggesting the two zones may be linked in a NE orientation (Table 1 and Figure 2).

Mineralization at the Blue Sky Zone is hosted within hydrothermally-altered granodiorite and

contains two overlapping mineralization events:

• The first and most abundant mineralization event is associated with strong potassic

alteration with K -feldspar grading outwards into biotite, suggesting a high -temperature

porphyry zone. Sulphide mineralization (chalcopyrite, molybdenite, pyrite and pyrrhotite)

is characterized by clots, veinlets, and disseminations.

• The second phase of mineralization is hosted by epithermal quartz -calcite veins with

mineralization of chalcopyrite, molybdenite, galena, sphalerite +/- bismuthinite and visible

gold, representing metal enrichment.

Porphyry-style mineralization was intercepted south of the modeled Blue Sky Zone (Figure 2,

Tables 1 and 4). Porphyry -style mineralization consists of local sulphide +/ - quartz stockwork

veining with broad zones of disseminated sulphide mineralization surrounding vein clusters and

local fine grained native gold (Figure 4).

PRESS RELEASE

For further information 1100 – 1111 Melville Street

please visit our website at Vancouver, BC, Canada, V6E 3V6

www.triumphgoldcorp.com Tel: 604.893.8757

Figure 1. 2021 Drilling Areas on the Freegold Mountain Project.

PRESS RELEASE

For further information 1100 – 1111 Melville Street

please visit our website at Vancouver, BC, Canada, V6E 3V6

www.triumphgoldcorp.com Tel: 604.893.8757

Figure 2. Plan View and Long Section of the Blue Sky Zone and the WAu Zone within the

$1500/ounce (“oz”) Au pit shell of the 2020 mineral resource estimate at the Revenue Deposit

(PR#20-02). Significant intercepts in the three drill holes of this release are listed in Table 1 and

are depicted by purple ( Blue Sky Zone) and cyan bars (porphyry -style vein +/ - disseminated

mineralization). Historical Blue Sky Zone intercepts are depicted by blue bars and are listed in

Table 3. Wireframes were generated using Micromine’s implicit modeling tool.

PRESS RELEASE

For further information 1100 – 1111 Melville Street

please visit our website at Vancouver, BC, Canada, V6E 3V6

www.triumphgoldcorp.com Tel: 604.893.8757

Figure 3. Blue Sky Zone, coarse chalcopyrite (Cpy) and pyrite (Py) mineralization from RVD21-

05 at 160.30 metres. This 1.5-metre sample interval from 160 metres returned 0.41 g/t Au, 10.10

g/t Ag, 0.40% Cu, and 0.028% Mo.

Figure 4. Pyrite (Py), bismuthinite (Bis), and visible gold (VG) mineralization in porphyry-style

veinlets hosted within strongly silicified granodiorite from RVD21-07 at 46.25 metres. This 0.5-

metre sample from 46 metres returned 1.29 g/t Au, 0.60 g/t Ag, and 0.04% Cu.

VG Bis

Cpy

PRESS RELEASE

For further information 1100 – 1111 Melville Street

please visit our website at Vancouver, BC, Canada, V6E 3V6

www.triumphgoldcorp.com Tel: 604.893.8757

Table 4. 2021 Significant Intercepts (Highlighted Intercepts are reported in Table 1)

References and Disclosures

1 Gold equivalent [AuEq] is used for illustrative purposes, to express the combined value of gold,

silver, copper, and molybdenum as a percentage of gold. No allowances have been made for

recovery losses that would occur in a mining scenario. AuEq is calculated using US$1,750.00 per

troy ounce of gold, US$24.00 per troy ounce of silver, US$4.00 per pound of copper and

US$15.00 per pound of molybdenum:

AuEq = Au g/t + (Ag g/t X $24.00 / $1750.00) + (Cu% X $4.00 X 22.0462) / ($1750.00 / 31.10) +

(Mo% X $15.00 X 22.0462) / ($1750.00 / 31.10)

Hole ID From (m) To

(m)

Interval

(m)

AuEq

(g/t)

(%)

Mineralization

Style

RVD21-05 120.00 226.50 106.50 0.76 0.27 5.43 0.22 0.014 BSZ-Breccia/Vein

Including 139.00 141.00 2.00 1.36 0.27 4.10 0.18 0.128 BSZ-Breccia/Vein

And 149.00 185.50 36.50 1.30 0.39 10.26 0.40 0.024 BSZ-Breccia/Vein

And 200.42 207.50 7.08 1.27 0.55 8.89 0.33 0.014 BSZ-Breccia/Vein

And 214.55 215.05 0.50 4.50 3.56 16.60 0.45 0.001 BSZ-Breccia/Vein

RVD21-06 39.62 41.14 1.52 1.14 1.10 0.25 0.03 <0.001 Porphyry-style

RVD21-06 56.00 67.05 11.05 0.35 0.29 0.58 0.03 <0.001 Porphyry-style

Including 65.53 67.05 1.52 1.31 1.22 1.00 0.05 <0.001 Porphyry-style

RVD21-06 116.00 122.00 6.00 0.29 0.17 1.27 0.06 0.002 Porphyry-style

RVD21-06 179.00 183.00 4.00 1.76 1.55 1.60 0.07 0.013 Porphyry-style

RVD21-06 169.18 196.00 26.82 0.67 0.50 1.54 0.08 0.004 BSZ-Breccia/Vein

Including 193.98 194.50 0.52 1.79 1.54 3.30 0.12 0.003 BSZ-Breccia/Vein

RVD21-06 205.35 221.00 15.65 0.49 0.22 2.01 0.09 0.017 BSZ-Breccia/Vein

RVD21-06 244.00 271.00 27.00 0.44 0.17 2.38 0.09 0.015 Porphyry-style

Including 264.60 265.60 1.00 2.17 0.43 17.00 0.34 0.165 Porphyry-style

RVD21-07 27.43 53.00 25.57 0.27 0.23 0.34 0.02 <0.001 Porphyry-style

Including 38.80 39.62 0.82 1.07 1.03 0.25 0.02 <0.001 Porphyry-style

And 46.00 46.50 0.50 1.36 1.29 0.60 0.04 <0.001 Porphyry-style

RVD21-07 169.00 185.00 16.00 0.36 0.13 1.37 0.08 0.014 Porphyry-style

RVD21-07 204.00 275.00 71.00 0.51 0.19 1.39 0.06 0.036 BSZ-Breccia/Vein

Including 212.00 213.50 1.50 1.17 0.68 5.30 0.14 0.033 BSZ-Breccia/Vein

And 236.00 237.50 1.50 1.03 0.09 2.40 0.15 0.116 BSZ-Breccia/Vein

And 239.00 240.50 1.50 1.19 0.04 1.10 0.03 0.185 BSZ-Breccia/Vein

And 254.00 256.00 2.00 1.71 1.51 1.70 0.07 0.012 BSZ-Breccia/Vein

RVD21-07 285.80 287.00 1.20 1.10 1.05 0.25 0.03 <0.001 Porphyry-style

RVD21-07 316.50 325.50 9.00 0.30 0.22 0.48 0.04 0.004 Porphyry-style

PRESS RELEASE

For further information 1100 – 1111 Melville Street

please visit our website at Vancouver, BC, Canada, V6E 3V6

www.triumphgoldcorp.com Tel: 604.893.8757

Reported assay intervals are calculated using Micromine’s grade compositing tool using >0.25 g/t

AuEq cutoff, constrained by no more than 6 metres of consecutive internal dilution. High-grade

intervals are reported using >1.0 g/t AuEq cutoff with no more than 5 metres of consecutive

internal dilution.

Reported assays are uncut weighted averages and represent drilled core lengths. The true width

of reported mineralization is unknown.

2 Reinterpretation of the Blue Sky Zone was completed by reviewing historical drill holes along

the NE trend. Geological data (core logs, assays, and core photos) was inspected for structural

and geochemical signatures that match characteristics of the Blue Sky Zone. AuEq values are

reported using current metal prices for both historical and newly identified intercepts.

Sample Preparation and QAQC

Diamond drill holes at the Freegold Mountain Project are drilled using HTW and NTW core sizes

(70.92 millimetres and 56.00 millimetres diameter respectively). Drill core samples average 1.63

metres in length with a minimum length of 0.50 metres and a maximum length of 2.00 metres

except at the top of RVD21-07 where core loss resulted in a sample length of 4.66 metres. Drill

core is cut along the long axis of the core over the entire length of the drill hole. Sample intervals

are defined by mineralization, lithology, structure, and alteration boundaries.

Sample preparation is completed at ALS Whitehorse with sample pulp s shipped to ALS

Vancouver for analyses. Samples are dried and c rushed to 70% less than 2 millimetres with a

250-gram riffle-split and pulverized to better than 85% passing 75 microns (PREP-31).

A 50-gram sample from the pulp is analyzed for gold using fir e assay techniques and atomic

absorption spectroscopy with detection limits of 0.005 -10 parts per million (“ppm”) (Au -AA24).

Gold overlimit values are re -analyzed using a gravimetric finish with an upper detection limit of

10,000 ppm (Au -GRA22). A 0.25 gra m sample from the pulp is analyzed with multi-element

geochemistry (ME-ICP61) using a 4-acid near total digestion and induced coupled plasma atomic

emission spectroscopy (ICP-AES) providing 33 elements (Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr,

Cu, Fe, Ga, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Sr, Th, Ti, Tl, U, V, W, Zn).

Sample Quality Assurance/Quality Control (“QAQC”) measures include unmarked certified

reference materials (CRMs), rock blanks, and field duplicates are inserted into the sample

sequence and make up 5% of the samples submitted to the lab for holes reported in this release.

Additional QAQC checks are ongoing in accordance with 43-101 standards.

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