Mr. Russell Ball reports

TRIUMPH GOLD ANNOUNCES STRATEGIC REVIEW OF NON-CORE EXPLORATION PROJECTS AND $15 MILLION PRIVATE PLACEMENT

Triumph Gold Corp. has initiated a strategic review of its non-core exploration projects and a $15-million non-brokered private placement.

The company has initiated a strategic review of its non-core Andalusite Peak project in British Columbia and Utah silver project in Utah, including the potential divestiture of those properties, as the company evaluates opportunities to focus on its core projects in Yukon: Freegold Mountain, Tad/Toro and Big Creek.

The company has also arranged a private placement offering of up to 20 million common shares of the company at a price of 75 cents per share for proceeds of up to $15-million. The company intends to use the proceeds primarily to advance its exploration projects in Yukon, with the balance for general working capital purposes.

Russell Ball, chair and interim chief executive officer, noted: "I am excited about the opportunity to focus the company's ongoing exploration efforts on the Yukon, one of the most prospective regions in Canada and the world. I would like to thank the shareholders for their patience and support of the company. Completion of the private placement will provide the funding necessary to significantly ramp up generative exploration efforts on our large and prospective land package in the Yukon."

Closing of the offering is subject to TSX Venture Exchange acceptance. The shares issued pursuant to the offering will be subject to a statutory hold period of four months and one day from the applicable closing date in accordance with applicable Canadian securities laws.

We seek Safe Harbor.