TIG.V · 2020-02-11 12:00:00

Triumph Gold Releases Updated Mineral Resource Estimates for Nucleus, Revenue and Tinta Deposits on the Freegold Mountain Property, Yukon Territory

Resource Estimates

Triumph Gold Releases Updated Mineral Resource Estimates for Nucleus,

Revenue and Tinta Deposits on the Freegold Mountain Property, Yukon

Territory

VANCOUVER, British Columbia, Feb. 11, 2020 -- Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or

the “Company”) is pleased to release updated mineral resource estimates for the three deposits (Nucleus, Revenue and Tinta)

on the Company’s 100% owned, 200 km2, road accessible Freegold Mountain Property in the Yukon Territory.

The new mineral resource estimates were generated by Robert Sim (P.Geo.) of SIM Geological Inc., an independent qualified

person and resource expert with over thirty five years of experience. A new NI43-101 technical report will be available on

SEDAR within 45 days. The new mineral resource estimates are effective as of February 11, 2020 and supersede the previous

mineral resource estimate (Campbell et. al, 2015. Technical report on the Freegold Mountain Project, Yukon Canada Resource

Estimates), which is available on SEDAR.

Triumph Gold President, Tony Barresi (Ph.D., P.Geo.), comments: “We are pleased to present three pit-constrained

resources, two of which also have high-grade underground resources. The new pit constraint, and other stringent economic

parameters applied to the three resource estimates demonstrate that the mineral deposits exhibit reasonable prospects for

eventual economic extraction as required under NI 43-101. Since 2016 Triumph has been dedicated to bringing shareholder

value by first focusing on grassroots exploration with resource definition to follow. This effort resulted in a number of new

discoveries, including the high-grade Blue Sky Porphyry Breccia, and the WAu Breccia, both located within the Revenue

deposit. While our attention will remain on discovery-focused exploration in the near term, we are pleased to provide updated

mineral resource estimates that we believe accurately assess the resources identified to date, which are contained on our

100% owned Freegold Mountain Property.”

Technical Highlights of Freegold Mountain Property Mineral Deposits:

• Three deposits (Figure 1) host open-pit constrained mineral resources, two of which also include deeper, high-grade,

additional mineral resources that are considered amenable to underground extraction methods.

• Combined Indicated Mineral Resources from Revenue and Nucleus deposits total 42.4 million tonnes at 0.58 grams per

tonne (g/t) gold (Au), 0.08% copper (Cu) and 1.2 g/t silver (Ag) for a total of 1 million contained gold equivalent (AuEq)

ounces (oz). Combined Inferred Mineral Resources at Revenue, Nucleus and Tinta total 39 million tonnes at 0.56 g/t

gold, 0.10% copper and 4.5 g/t silver for a total of 1.1 million contained gold equivalent ounces (see Tables 1,2, and 3

for details).

• Higher grade (>1.4 g/t AuEq) mineralization from the newly discovered Blue Sky Porphyry Breccia is now included in an

underground portion of the Revenue resource.

• Inclusion of tungsten (W) in the estimate of mineral resources at the Revenue deposit.

Triumph Gold’s Freegold Mountain Property hosts three road-accessible mineral deposits (Figure 1). Changes from the 2015

mineral resource estimates, which were unconstrained, are the result of a combination of new drilling and the application of

updated technical and economic parameters. The new estimates are either constrained within pit shells or, in the case of

underground mineral resources, show favourable geometry and continuity of grade and thickness so as to exhibit reasonable

prospects for eventual economic extraction.

TABLE 1: ESTIMATE OF MINERAL RESOURCE FOR THE NUCLEUS DEPOSIT

Class Tonnes

(million)

Average Grade Contained Metal

AuEq

(g/t)

(%)

(g/t)

AuEq

koz

Mlbs

koz

Indicated 31.0 0.75 0.65 0.07 0.70 748 651 44 698

Inferred 9.4 0.63 0.56 0.04 0.72 189 169 9 217

Note: 0.30 g/t AuEq cut-off grade for pit constrained resources. Koz = thousands of ounces; Mlbs – millions of pounds

TABLE 2: ESTIMATE OF MINERAL RESOURCES FOR THE REVENUE DEPOSIT

Type Tonnes

(million)

Average Grade Contained Metal

AuEq

(g/t)

(%)

(g/t)

(%)

AuEq

koz

Mlbs

koz

klbs

Indicated

Pit Constrained 11.4 0.69 0.38 0.12 2.4 0.016 0.008 252 140 30 895 4089 2082

Inferred

Pit Constrained 25.0 0.70 0.46 0.11 2.2 0.009 0.005 565 367 61 1786 4954 2807

Underground 2.5 1.40 0.99 0.22 5.2 0.010 0.001 112 79 12 417 525 60

Combined Inferred 27.5 0.77 0.51 0.12 2.5 0.009 0.005 677 446 73 2203 5478 2867

Note: 0.30 g/t AuEq cut-off grade for pit constrained resources and 1.0g/tAuEq cut-off grade for underground resources. Mo =

Molybdenum

TABLE 3: ESTIMATE OF INFERRED MINERAL RESOURCE AT THE TINTA DEPOSIT

Type Tonnes

(000)

Average grade: Contained Metal:

AuEq

(g/t)

(%)

(g/t)

(%)

AuEq

koz

Mlbs

koz

Mlbs

Pit Constrained 908 3.01 1.09 0.18 42.5 0.72 1.47 88 32 4 1240 14 29

Underground 1313 3.13 1.43 0.16 46.3 0.56 1.17 132 60 5 1955 16 34

Combined 2221 3.08 1.29 0.17 44.7 0.63 1.29 220 92 8 3195 31 63

Note: 0.35 g/t AuEq cut-off grade for pit constrained resources and 1.8 g/t AuEq cut-off for underground resources.

TABLE 4: COMBINED ESTIMATE OF MINERAL RESOURCES ON THE FREEGOLD MOUNTAIN PROPERTY

Deposit Tonnes

(million)

Average Grade Contained Metal

CommentsAuEq

(g/t)

(%)

(g/t)

(%)

AuEq

koz

Mlbs

koz

(klbs)

Mlbs

Indicated

Nucleus 31.0 0.75 0.65 0.07 0.7 n/a n/a n/a n/a 748 651 44 698 n/a n/a n/a n/a

Pit resources

0.3 g/tAuEq

cut-off grade

Revenue 11.4 0.69 0.38 0.12 2.4 0.016 0.008 n/a n/a 252 140 30 895 4089 2082 n/a n/a

Pit resources

0.3 g/tAuEq

cut-off grade

Total

Indicated 42.4 0.73 0.58 0.08 1.2 1000 791 74 1593 4089 2082

Inferred

Nucleus 9.4 0.63 0.56 0.04 0.7 n/a n/a n/a n/a 189 169 9 217 n/a n/a n/a n/a

Pit resources

0.3 g/tAuEq

cut-off grade

Revenue 27.5 0.77 0.51 0.12 2.5 0.009 0.005 n/a n/a 677 446 73 2203 5478 2867 n/a n/a

Pit resources

0.3 g/tAuEq

cut-off grade

and U/G

resources at

1.0 g/tAuEq

cut-off grade.

Tinta 2.2 3.08 1.29 0.17 44.7 n/a n/a 0.63 1.29 220 92 8 3195 n/a n/a 31 63

Pit resources

0.35 g/tAuEq

cut-off grade

and U/G

resources at

1.8 g/tAuEq

cut-off grade.

Total

Inferred 39.0 0.86 0.56 0.10 4.5 1085 707 90 5614 5499 3094 31 63

Note: U/G = underground; n/a = non applicable

Nucleus

The Nucleus deposit is an epithermal style gold-silver-copper deposit. Indicated mineral resources at Nucleus include 31 M

tonnes at 0.65 g/t Au, 0.7 g/t Ag and 0.07% Cu using a 0.3 g/t AuEq cut-off grade. Inferred mineral resources at Nucleus

include 9.4 M tonnes at 0.56 g/t Au, 0.7 g/t Ag and 0.04% Cu. The Nucleus deposit is open to the south and at depth.

The Nucleus deposit has been tested with a total of 359 drill holes with a cumulative length of 60,061m. The mineral resource

estimate was generated using drill hole sample assay results and the interpretation of a geological model which relates to the

spatial distribution of gold, copper and silver. Interpolation characteristics are defined based on the geology, drill hole spacing,

and geostatistical analysis of the data. The effects of potentially anomalous high-grade sample data, composited to 1.5 metre

intervals, are controlled using both traditional top-cutting as well as limiting the distance of influence during block grade

interpolation. Block grades are estimated into a three-dimensional block model with nominal block size measuring 10x10x5m

(LengthxWidthxHeight), using ordinary kriging and have been validated using a combination of visual and statistical methods.

Resources in the indicated category are delineated by drilling spaced at maximum 50 metre intervals. Resources in the

inferred mineral category are within a maximum distance of 150 metres from a drill hole. The estimate of the indicated and

inferred mineral resources is constrained within a limiting pit-shell derived using projected technical and economic

parameters*. The cut-off grade of the base case estimate of mineral resource is projected to be 0.30 g/t AuEq, calculated

using the formula AuEq=Au g/t + (Ag g/t x 0.012) + (Cu% x 1.371). The sensitivity of the Nucleus mineral resource to cut-off

grade, constrained by the $1500/oz gold pit shell, is shown in Tables 5 and 6.

TABLE 5: SENSITIVITY OF INDICATED MINERAL RESOURCE TO CUT-OFF GRADE FOR THE NUCLEUS DEPOSIT

Cut-off Grade

AuEq

(g/t)

Tonnes

(million)

Average Grade Contained Metal

AuEq

(g/t)

(%)

(g/t)

AuEq

koz

Mlbs

koz

0.2 39.5 0.64 0.55 0.06 0.64 815 701 52 812

0.3 base case 31.0 0.75 0.65 0.07 0.70 748 651 44 698

0.4 23.2 0.88 0.78 0.07 0.75 661 583 35 560

0.5 17.0 1.04 0.93 0.07 0.82 571 510 28 448

Notes: Resources constrained within $1500/ozAu pit shell. Base case cut-off grade is 0.30 g/t AuEq for pit constrained

resources.

TABLE 6: SENSITIVITY OF INFERRED MINERAL RESOURCE TO CUT-OFF GRADE FOR THE NUCLEUS DEPOSIT

Cut-off Grade

AuEq

(g/t)

Tonnes

(million)

Average Grade Contained Metal

AuEq

(g/t)

(%)

(g/t)

AuEq

koz

Mlbs

koz

0.2 11.5 0.56 0.50 0.04 0.66 206 183 10 243

0.3 base case 9.4 0.63 0.56 0.04 0.72 189 169 9 217

0.4 6.5 0.75 0.67 0.05 0.82 156 141 7 171

0.5 4.4 0.89 0.81 0.05 0.91 126 115 5 128

Note: Resources constrained within $1500/ozAu pit shell. Base case cut-off grade is 0.30 g/t AuEq for pit constrained

resources.

Revenue

Revenue is a gold-silver-copper-molybdenum-tungsten deposit located approximately 4 km to the southeast of the Nucleus

deposit. The new mineral resource estimate for Revenue improves upon the previous (2015) estimate with:

1) New drilling that has better delineated the higher grade WAu Breccia domain

2) Expansion of the resource to the northeast to include higher grade mineralization at the newly discovered Blue Sky

Porphyry Breccia

3) Inclusion of a >300 metre deep high grade (e.g. 1.4 g/t AuEq) portion of the Blue Sky Porphyry Breccia in an underground

resource

4) Upgrading a portion of the resource into an indicated category

5) Inclusion of tungsten in the resource estimate

Indicated mineral resources at Revenue include 11.4 M tonnes at 0.38 g/t Au, 2.4 g/t Ag, 0.12% Cu, 0.016% Mo and 0.008%

W. Combined open-pit constrained and underground inferred resources at Revenue include 27.5 M tonnes at 0.51 g/t Au, 2.5

g/t Ag, 0.12% Cu, 0.009% Mo, and 0.005% W. Some of the known zones of mineralization at Revenue remain open in

multiple directions and to depth; for example, the Blue Sky Porphyry Breccia is open to the east, west and to depth, and the

WAu breccia is open to depth. Triumph Gold believes there is significant potential in the immediate vicinity of Revenue for new

discoveries.

The Revenue deposit has been tested with a total of 324 drill holes with a cumulative length of 55,100m. The mineral resource

estimate was generated using drill hole sample assay results and the interpretation of a geological model which relates to the

spatial distribution of gold, copper, silver, molybdenum and tungsten. Interpolation characteristics are defined based on the

geology, drill hole spacing, and geostatistical analysis of the data. The effects of potentially anomalous high-grade sample

data, composited to 1.5 metre intervals, are controlled using both traditional top-cutting as well as limiting the distance of

influence during block grade interpolation. Block grades are estimated into the three-dimensional block model with nominal

block size measuring 10x10x5m (LengthxWidthxHeight), using ordinary kriging and have been validated using a combination of

visual and statistical methods. Resources in the indicated category are delineated by drilling spaced at maximum 50 metre

intervals. Resources in the inferred mineral category are within a maximum distance of 150 metres from a drill hole. The

estimate of the indicated and inferred mineral resources is constrained within a limiting pit shell derived using projected

technical and economic parameters*. The base case cut-off grade of the estimate of open pit constrained mineral resources is

projected to be 0.30 g/t AuEq calculated using the formula AuEq = Au g/t + (Ag g/t x 0.012) + (Cu% x 1.371) + (Mo% x 4.114)

+ (W% x 5.942). Resources below the pit shell that are considered potentially amenable to bulk underground extraction

methods are estimated at a cut-off grade of 1g/t AuEq. The sensitivity of the Revenue mineral resources to cut-off grade is

shown in Tables 7, 8 and 9.

TABLE 7: SENSITIVITY OF PIT CONSTRAINED INDICATED MINERAL RESOURCES TO CUT-OFF GRADE FOR THE

REVENUE DEPOSIT

Cut-Off Grade

AuEq

(g/t)

Tonnes

(million)

Average Grade Contained Metal

AuEq

(g/t)

(%)

(g/t)

(%)

AuEq

koz

Mlbs

koz

klbs

0.2 12.6 0.65 0.36 0.11 2.3 0.015 0.008 262 145 31 928 4197 2196

0.3 base case 11.4 0.69 0.38 0.12 2.4 0.016 0.008 252 140 30 895 4089 2082

0.4 9.2 0.77 0.43 0.13 2.7 0.019 0.009 228 127 26 809 3754 1907

0.5 7.1 0.87 0.48 0.14 3.1 0.021 0.011 197 110 22 701 3282 1704

Notes: Resources constrained within $1500/ozAu pit shell. Base case cut-off grade is 0.30 g/t AuEq for pit constrained

resources.

TABLE 8: SENSITIVITY OF PIT CONSTRAINED INFERRED MINERAL RESOURCES TO CUT-OFF GRADE FOR THE

REVENUE DEPOSIT

Cut-Off Grade

AuEq

(g/t)

Tonnes

(million)

Average Grade Contained Metal

AuEq

(g/t)

(%)

(g/t)

(%)

AuEq

koz

Mlbs

koz

Mlbs

0.2 36.1 0.56 0.36 0.09 1.8 0.007 0.004 653 419 72.4 2049 5807 3420

0.3 base case 25.0 0.70 0.46 0.11 2.2 0.009 0.005 565 367 61.1 1786 4954 2807

0.4 17.2 0.86 0.57 0.13 2.7 0.010 0.006 479 318 50.1 1516 3836 2203

0.5 13.2 0.99 0.67 0.15 3.1 0.011 0.006 422 285 43.4 1314 3176 1807

Notes: Resources constrained within $1500/ozAu pit shell. Base case cut-off grade is 0.30 g/t AuEq for pit constrained

resources.

TABLE 9: SENSITIVITY OF UNDERGROUND INFERRED MINERAL RESOURCES TO CUT-OFF GRADE FOR THE

REVENUE DEPOSIT

Cut-Off Grade

AuEq

(g/t)

Tonnes

(million)

Average Grade Contained Metal

AuEq

(g/t)

(%)

(g/t)

(%)

AuEq

koz

Mlbs

koz

klbs

0.8 3.0 1.32 0.92 0.22 5.0 0.010 0.001 126 88 14 479 626 72

1.0 base case 2.5 1.40 0.99 0.22 5.2 0.010 0.001 112 79 12 417 525 60

1.2 1.8 1.53 1.09 0.24 5.6 0.010 0.001 86 61 9 313 367 43

1.4 1.1 1.66 1.20 0.25 6.0 0.009 0.001 60 43 6 215 225 27

1.6 0.6 1.81 1.34 0.26 6.4 0.009 0.001 34 25 3 118 108 14

1.8 0.2 1.99 1.51 0.27 7.2 0.007 0.001 15 12 1.4 56 36 6

Tinta

Tinta is a vein-hosted gold-silver-copper-lead-zinc deposit located on the southern portion of Triumph Gold’s Freegold Mountain

property that extends to depths approaching 400m below surface. Combined open-pit constrained and underground inferred

resources at Tinta include 2.2 M tonnes at 1.29 g/t Au, 44.7 g/t Ag, 0.17% Cu, 0.63% Pb and 1.29% Zn. The Tinta deposit

remains open at depth where a number of gold-rich drill intersections have not yet been followed up on with additional drilling.

Grassroots exploration along strike to the northwest of the Tinta vein identified a 1.8 km long coincident soil geochemistry and

geophysical anomaly. Seven trenches across the anomaly exposed quartz veins with precious and base metal mineralization

similar to the Tinta vein.

The Tinta deposit has been tested with a total of 74 drill holes with a cumulative length of 10,063m plus a total of 450m of

underground drifting in two locations. The mineral resource estimate was generated using drill hole and drift channel sample

assay results and the interpretation of a geological model which relates to the spatial distribution of gold, copper, silver, lead

and zinc. Interpolation characteristics are defined based on the geology, drill hole spacing, and geostatistical analysis of the

data. The effects of potentially anomalous high-grade sample data, composited to 1 metre intervals, are controlled by limiting

the distance of influence during block grade interpolation. Block grades are estimated into the three-dimensional block model

with nominal block size measuring 2x5x5m. The block model is rotated so the short axis (2m blocks) are perpendicular to the

strike of the deposit at an azimuth of 305 degrees and the larger block dimensions are oriented along strike and in the vertical

dimension. Grade estimates are made using ordinary kriging and have been validated using a combination of visual and

statistical methods. Resources in the inferred category are within a maximum distance of 50m from drilling or underground

channel samples. The base case cut-off grade of the open pit constrained mineral resource is projected to be 0.35 g/t AuEq

calculated using the formula AuEq = Au g/t + (Ag g/t x 0.012) + (Cu% x 1.371) + (Pb% x 0.457) + (Zn% x 0.571). Resources

below the pit shell that are considered potentially amenable to underground extraction methods are estimated at a cut-off

grade of 1.8 g/t AuEq. The sensitivity of the Tinta mineral resources to cut-off grade is shown in Tables 10 and 11.

TABLE 10: SENSITIVITY OF PIT CONSTRAINED INFERRED MINERAL RESOURCES TO CUT-OFF GRADE AT THE TINTA

DEPOSIT

Cut-Off Grade

AuEq

(g/t)

Tonnes

(000)

Average grade: Contained Metal:

AuEq

(g/t)

(%)

(g/t)

(%)

AuEq

koz

Mlbs

koz

Mlbs

0.25 919 2.98 1.07 0.18 42.0 0.71 1.45 88 32 3.6 1241 14 29

0.3 913 2.99 1.08 0.18 42.2 0.72 1.46 88 32 3.6 1240 14 29

0.35 Base Case 908 3.01 1.09 0.18 42.5 0.72 1.47 88 32 3.6 1240 14 29

0.4 906 3.01 1.09 0.18 42.6 0.72 1.47 88 32 3.6 1240 14 29

0.45 901 3.03 1.09 0.18 42.8 0.73 1.48 88 32 3.6 1239 14 29

0.5 893 3.05 1.10 0.18 43.1 0.73 1.49 88 32 3.5 1238 14 29

Note: Resources constrained within $1500/ozAu pit shell.

TABLE 11: SENSITIVITY OF UNDERGROUND INFERRED MINERAL RESOURCES TO CUT-OFF GRADE AT THE TINTA

DEPOSIT

Cut-Off Grade

AuEq

(g/t)

Tonnes

(000)

Average grade: Contained Metal:

AuEq

(g/t)

(%)

(g/t)

(%)

AuEq

koz

Mlbs

koz

Mlbs

1.4 1,646 2.82 1.26 0.15 41.7 0.53 1.07 149 67 5.4 2204 19 39

1.6 1,466 2.98 1.35 0.16 44.1 0.55 1.12 140 64 5.0 2080 18 36

1.8 Base Case 1,313 3.13 1.43 0.16 46.3 0.56 1.17 132 60 4.7 1955 16 34

2 1,177 3.27 1.49 0.17 48.5 0.58 1.23 124 57 4.3 1836 15 32

2.2 1,048 3.42 1.56 0.17 50.7 0.61 1.30 115 52 3.9 1709 14 30

2.4 905 3.59 1.63 0.18 53.8 0.64 1.37 104 47 3.5 1564 13 27

Note: Resources constrained below the $1500/ozAu pit shell.

Notes

* The economic viability of the mineral resources at the Freegold property were tested by constraining them within a floating

cone pit shells, or evaluating the viability of possible underground extraction using the following technical and economic

parameters:

• Mining Cost (open pit) $2.50/t

• Mining Cost (underground) $25/t at Revenue, $60/t at Tinta

• Process $11/t at Nucleus and Revenue, $12/t at Tinta

• G&A $1.50/t at Nucleus and Revenue, $2.50/t at Tinta

• Gold Price $1,500/oz

• Silver Price $18/oz

• Copper Price $3.00/lb

• Lead Price $1.00/lb

• Zinc Price $1.25/lb

• Molybdenum price $9.00/lb

• Tungsten price $13.00/lb

• Gold Process Recovery 85%

• Silver Process Recovery 60%

• Copper Process Recovery 75% (80% at Tinta)

• Lead Process Recovery 75% (Tinta only)

• Zinc Process Recovery 75% (Tinta Only)

• Mo Process Recovery 50% (Revenue Only)

• Tungsten Process Recovery 50% (Revenue Only)

• Pit Slope 45 degrees

There are no adjustments for mining recoveries or dilution. The open pit testing indicates that some of the deeper

mineralization may not be economic due to the increased waste stripping requirements. Underground mineral resources

exhibit continuity of thickness and grade and are considered to exhibit reasonable prospects for eventual economic extraction

using underground extraction methods at the projected cut-off grades. It is important to recognize that these discussions of

surface and underground mining parameters are used solely to test the “reasonable prospects for eventual economic

extraction,” and that they do not represent an attempt to estimate mineral reserves. There are no mineral reserves calculated

for this Project. These preliminary evaluations are used to prepare the mineral resource estimates and to select appropriate

reporting assumptions.

Quality Assurance

All Triumph’s sample assay results have been independently monitored through a quality control / quality assurance (“QA/QC”)

program that includes the insertion of blind standards, blanks and pulp and reject duplicate samples. Logging and sampling

are completed at Triumph’s secure facility located at the Freegold project. Predominately NTW and HTW sized drill core is

sawn in half on site and half drill-core samples are securely transported to prep laboratories in Whitehorse for crushing and

pulverizing and then to geochemical laboratories located in Vancouver, Canada for analysis. Gold content is determined by fire

assay of a 30 gram charge and the additional elements are determined by four-acid, or historically aqua regia, digestion with

ICP finish. ALS and SGS Labs have been used and both are independent from Triumph.

Triumph is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of

the data referred to herein.

Qualified Persons

Robert Sim, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the estimate of mineral resources

presented in this news release and has reviewed, verified and approved the contents of this news release as they relate to the

mineral resource estimate, including the sampling, analytical, and test data underlying the mineral resource estimate. Mr. Sim

is independent from Triumph and confirms there were no limitations from the company in verifying the drilling and sample data

with site visit observations and monitoring of the QAQC program.

Tony Barresi, Ph.D., P.Geo., President of the Company, and qualified person as defined by NI 43-101 for the Freegold

Mountain project has reviewed, verified and approved the contents of this news release as they relate to the ongoing

exploration and development program at the Freegold Mountain project.

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

Signed "Tony Barresi"

Tony Barresi, President

For further information please contact:

John Anderson, Executive Chairman

Triumph Gold Corp.

(604) 218-7400

[email protected]

Nancy Massicotte

IR Pro Communications Inc.

(604)-507-3377

[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.

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 expectations. 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.

A photo accompanying this announcement is available

at: https://www.globenewswire.com/NewsRoom/AttachmentNg/09f34c67-f8c9-419c-9478-d89d003cce5e

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