The TSX Venture Exchange has accepted for filing an arrangement agreement between Trillium Gold Mines Inc. and Pacton Gold Inc. dated March 15, 2023. On June 19, 2023, pursuant to the agreement, Trillium completed the acquisition of all of the issued and outstanding common shares of Pacton by way of a plan of arrangement under the Business Corporations Act (British Columbia). Under the agreement, each Pacton shareholder received 1.275 common shares of Trillium for each common share of Pacton held.

The transaction was approved by the shareholders of Pacton at a special meeting of the shareholders held on June 2, 2023. The transaction was approved by the Supreme Court of British Columbia on June 6, 2023, and the transaction closed on June 19, 2023.

For further information in connection with the arrangement, please refer to Pacton's information circular, dated as of May 2, 2023, which is available on SEDAR, and the news releases of Trillium and Pacton, dated June 19, 2023, June 8, 2023, June 2, 2023, and March 16, 2023.

Postarrangement

Capitalization:  unlimited shares with no par value, of which 149,837,151 shares are issued and outstanding

Escrow:  nil shares

Transfer agent:  Computershare Trust Company of Canada

Delisting of Pacton Gold

Further to the closing of the transaction, the common shares of Pacton Gold will be delisted from the TSX Venture Exchange, effective at the close of business, Tuesday, June 20, 2023.