Mr. Jonathan Wiesblatt reports

TRIDENT CLOSES $18.6 MILLION OFFERING

Trident Resources Corp. has closed its previously announced private placements (please refer to the company's Jan. 27, 2026, and Feb. 2, 2026, news releases). A total of 4,948,000 common shares of the company that qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada) were issued at a price of $3.76 per premium FT share for aggregate gross proceeds of $18,604,480.

The brokered portion of the offering, pursuant to which the company issued 4.6 million premium FT shares, was completed through a syndicate of underwriters led by Haywood Securities Inc. and including Research Capital Corp. Pursuant to the non-brokered portion of the offering, the company issued 348,000 premium FT shares at the issue price.

The premium FT shares issued under the offering were offered to purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions) and in reliance on the amendments to Part 5A of NI 45-106 set forth in Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption) in all the provinces of Canada, except Quebec. The premium FT shares issued under the offering are not subject to a statutory hold period pursuant to applicable Canadian securities laws. The offering is subject to the final approval of the TSX Venture Exchange.

The company will use the gross proceeds from the offering to finance further exploration, mineral resource expansion and drilling at Trident's gold projects located in La Ronge gold belt of Saskatchewan, that will qualify as Canadian exploration expenses as defined in paragraph (f) of the definition of Canadian exploration expense in Subsection 66.1(6) of the Income Tax Act (Canada) and flow-through mining expenditures as defined in Subsection 127(9) of the Income Tax Act (Canada), which will be renounced with an effective date no later than Dec. 31, 2026, to the initial purchasers of premium FT shares.

Certain related parties of the company participated in the non-brokered offering. The issuance of premium FT shares to related parties is considered to be a related-party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 (and Policy 5.9) as the fair market value of the premium FT shares issued to such persons does not exceed 25 per cent of the company's market capitalization.

In connection with the brokered offering, the underwriters received an aggregate cash fee equal to 6.0 per cent of the gross proceeds of the brokered offering.

There is an amended and restated offering document related to the offering that can be accessed under the company's profile at SEDAR+ and on the company's website.

About Trident Resources Corp.

Trident is a Canadian public mineral exploration company listed on the TSX Venture Exchange focused on the acquisition, exploration and development of advanced-stage gold and copper exploration projects in Saskatchewan, Canada. The company is advancing its 100-per-cent-owned Contact Lake and Greywacke Lake projects, which host significant historical gold resources located within the prospective and underexplored La Ronge gold belt, as well as the 100-per-cent-owned Knife Lake copper project, which contains a historical copper resource.

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