Mr. Paul Reynolds reports

TRIUMPH GOLD SAMPLES 450 GRAMS PER TONNE GOLD IN THE NEWLY DISCOVERED DRONE ZONE AND ANNOUNCES RESULTS FROM SURFACE SAMPLING IN THE 6-KM-LONG REVENUE-NUCLEUS SOIL ANOMALY

Triumph Gold Corp. has released the results from the 2018 surface sampling program conducted at the Drone, Granger and Blue Sky zones, within the six-kilometre-long multielement soil anomaly that encompasses the Revenue and Nucleus deposit areas on Triumph Gold's 100-per-cent-owned, road-accessible Freegold Mountain property, in the Yukon Territory, Canada.

Highlights of results include:

• At the newly discovered Drone zone, grab and chip samples within a 100-by-25-metre area of exposed altered and mineralized bedrock and regolith contain local bonanza grade gold concentrations up to 450 grams per tonne and consistently anomalous to high-grade copper up to 2.09 per cent.
• Within the Blue Sky zone, 13 new grab samples have an average grade of 4.5 g/t Au, ranging up to 16.8 g/t Au. The Blue Sky zone was identified in 2016 as prospective for gold-rich porphyry mineralization and in 2017 to 2018 the high-grade, gold-rich Blue Sky porphyry was discovered (RVD18-19 with 316 metres at 1.10 g/t Au and 0.27 per cent Cu). The 2018 grab samples were collected 400 to 800 metres southeast of the Blue Sky porphyry discovery area identifying the surface expression of a new and previously untested mineralized zone.
• At the Granger zone oxide gold target, samples from two new trenches define gold mineralization in highly oxidized rock at surface and demonstrate continuity of mineralization between surface and intersections made in 2018 drill holes that tested beneath the trenches. Results from trenches include:
  • In TR18-04, 0.70 g/t Au over 18.5 metres, including 3.26 g/t Au over one metre, on the southern end of the trench, leaving the highest-grade portion of the mineralized body open to the south;
  • In TR18-03, 1.04 g/t Au over 3.5 metres and 0.89 g/t Au over four metres.

The 2018 surface sampling program in the Revenue-Nucleus area was designed to explore for, test and validate near-surface targets within a six-kilometre-long multielement soil anomaly that encompasses the Revenue and Nucleus deposits. Triumph Gold geologists believe that the entire soil anomaly is underlain by rocks affected by a gold-rich hydrothermal system related to a large buried porphyry intrusion that has yet to be tested by drilling. The surface sampling program tested three main areas with a total of 164 linear chip or channel samples collected from exposed bedrock or in excavated trenches, and 35 grab samples of bedrock, regolith or locally sourced float.

Drone zone

The Drone zone was discovered in 2018 as a result of local placer mining operations that exposed a roughly 100 by 25 m area of altered and mineralized outcrop at the bottom of the Mechanic Creek valley (news release dated Oct. 16, 2018). This new zone is located 500 metres east of high-grade drill intercepts in the Nucleus gold deposit, and 500 metres west of drill holes that intersected the Keirsten zone porphyry. Mineralization encompasses the entire area of exposure, which consists of granite hosting large xenoliths of biotite schist and crosscut by irregular quartz-feldspar-porphyry dikes and thick gouge-rich faults. Mineralization comprises disseminated sulphides and quartz-sulphide veins with pyrite, chalcopyrite, and lesser arsenopyrite, bismuthinite and visible gold.

The Drone zone was tested with 49 chip samples and 21 grab samples. Sample F00032970, which assayed 450 g/t Au and 19 g/t silver, contained abundant visible gold and was collected from locally sourced rock debris at the eastern side of the placer mining cut where the zone appears to extend beneath overburden. Mineralization with anomalous to bonanza grade gold and copper concentrations is consistent though the Drone zone; assay highlights are reported in the table. The zone is open in all directions and has never been drilled or previously explored.

              DRONE ZONE GRAB SAMPLES  
              
Sample ID       Au (g/t)    Ag (g/t)      Cu (%)

F00032970        450.41          19       0.023
F00032968          3.67          <2       0.033
F00032952          1.77          25       2.090
F00032967          0.35           2       0.552
F00032956          0.26           3       0.182

                       DRONE ZONE CHIP SAMPLES   
             
Sample ID  Trench ID  Sample length (m)    Au (g/t) Ag (g/t) Cu (%) 

F00032915      DZT-2               2.0        1.20       <2  0.077 
F00032916      DZT-2               2.0        0.58       <2  0.054 
F00032921      DZT-2               2.0        4.82       <2  0.017 
F00032936      DZT-3               2.0        0.56       <2  0.105

Blue Sky zone

The Blue Sky zone covers the eastern side of the six-kilometre-long Revenue-Nucleus soil anomaly. Drill testing for porphyry mineralization in 2017 and 2018 confirmed high-grade gold-rich mineralization within the Blue Sky zone on the western slope of Bowlidden Ridge (RVD18-19 with 316 metres at 1.10 g/t Au and 0.27 per cent Cu; see news release dated Sept. 12, 2018). Surface sampling in 2018 focused on the eastern slope of Bowlidden Ridge approximately 400 to 800 metres from the Blue Sky Porphyry discovery area (Figure 1).

The 2018 surface sampling program included 86 chip and channel samples from three trenches and 13 grab samples collected mainly from disturbed bedrock along new access roads. Of the 13 grab samples, eight contained greater than 2.0 g/t Au, to a high of 16.8 g/t Au (see table). Trenches returned anomalous gold concentrations, including 1.46 g/t Au over one metre in BST18-01 and 0.31 g/t Au over eight metres in BST18-02, which is contained within a 52.50-metre section of 0.15 g/t Au (the full length of the trench). Most mineralized samples comprise phyllic altered granite with quartz veins that contain trace bismuthinite plus or minus molybdenite plus or minus chalcopyrite plus or minus arsenopyrite. These new samples, as well as two grab samples of quartz veins collected from the area in 2017 that graded 3.76 and 5.77 g/t Au, define an approximately 400-metre-long corridor of mineralization that is open in all directions and is untested by drilling. A single 2017 drill hole tested the southern side of Bowlidden Ridge (RVD17-09). It was collared on the far southern edge of the newly defined mineralized zone and was oriented southward, away from the new surface samples. Results from that hole include 10 intersections that graded over 1.0 g/t Au, within a 269-metre interval of highly anomalous gold (0.24 g/t Au; see news release dated Nov. 2, 2017).

                       BLUE SKY ZONE GRAB SAMPLES 
                   
Sample ID         Au (g/t)      Ag (g/t)        Cu (%)        Mo (%)

C00029002           16.79            <2         0.009         0.002
C00029001            11.9             4         0.047         0.002
C00030446            9.49             5         0.018         0.003
C00029036            6.96            <2         0.013         0.003
C00030442            4.51             3         0.011         0.116
C00030443            3.38            <2         0.004         0.142
C00048133            2.46            <2         0.020         0.001
C00030444            2.09             4         0.003         0.017
C00048132            0.44            <2         0.006         0.000

                       BLUE SKY ZONE CHIP AND CHANNEL SAMPLES 
             
Trench ID    From-to (m) Sample length (m)**  Au (g/t)  Ag (g/t)  Cu (%)   Mo (%) 
 
BST18-02     0.00-52.50             52.50        0.15        <2   0.012   <0.001 
Including   30.00-38.00              8.00        0.31        <2   0.027   <0.001 
BST18-01     9.00-10.00              1.00        1.46        <2   0.022    0.002

Granger zone

The Granger zone is a shallow oxide gold exploration target that is located between the Revenue and Nucleus deposits near the centre of the Revenue-Nucleus soil anomaly. Historical exploration in this zone included trenching, rock sampling, with grab samples up to 45.5 g/t Au, and percussion, reverse circulation and limited diamond drilling. Historical drilling made multiple shallow oxide gold intercepts, including 5.29 g/t Au over 13.71 metres, in GRRAB-091 (from 3.05 metres to the bottom of the hole at 16.76 metres). Drilling in 2018 intersected variably oxidized near-surface mineralization in every hole, delineating a mineralized corridor over 200 m strike length and to a depth of at least 74 metres (news release dated Oct. 24, 2018). The mineralized zone is open in all directions and to depth.

Highlights of the results from 2018 Granger zone drilling include:

• RVD18-33 with 18.39 metres of 0.98 g/t Au (2.95 to 21.34 m);
• RVD18-29 with 18.00 metres of 0.61 g/t Au (53.00 to 71.00 m);
• RVD18-30 with 55.21 metres of 0.45 g/t Au (18.84 to 74.05 m).

Twenty-nine chip and channel samples covering 46.80 m in two newly (2018) excavated trenches tested strongly oxidized rock in the centre of the mineralized corridor. Samples form the trenches contain a similar tenor of gold mineralization as that intersected at depth by drilling, indicating continuity from surface to a depth of approximately 45 metres. Trench results include 1.04 g/t over 3.5 metres in TR18-03 and 0.70 g/t Au over and 18.5 metres, including 1.72 g/t Au over 3.5 metres, in TR18-04 (see table). The southern edge of trench TR18-04 has some of the highest-grade mineralization (3.26 g/t Au over one metre) demonstrating that the zone is open and highly prospective to the south.

  CHIP AND CHANNEL SAMPLES FROM THE GRANGER ZONE 2018
 
Trench ID     From-to (m)   Sample length (m)   Au (g/t) 

TR18-03        1.00-5.00                4.00       0.89 
TR18-03      10.00-13.50                3.50       1.04 
TR18-04       1.50-20.00               18.50       0.70 
Including    16.50-20.00                3.50       1.72 
Including    19.00-20.00                1.00       3.26 
 

Dr. Tony Barresi, vice-president of exploration for Triumph Gold, comments: "As we advance exploration in underexplored portions of the six-kilometre-long soil anomaly that surrounds the Revenue and Nucleus deposit areas, we are continually impressed by the world-class scale of the of the underlying gold-rich hydrothermal system. Each of the surface exploration target areas yielded exciting results. Newly discovered mineralization at the Drone zone and in the Blue Sky zone reinforce our belief that Revenue and Nucleus are only small parts of a much larger mineralized body. Both of the new showings represent high-quality drill-ready targets with potential for high-grade gold intersections. In addition, new trenches in the Granger zone demonstrate continuity of oxide gold mineralization between surface and underlying drill intersections, building a case for a near-surface heap-leachable oxide gold resource."

Methods

Linear chip and channel samples ranged between 0.25 and two metres in length. Chip samples were collected with a rock hammer and channel samples were cut from outcrop with a portable diamond saw. The samples were analyzed by SGS Canada of Vancouver, B.C. They were prepared for analysis according to SGS method PRP89: Each sample was crushed to 75 per cent passing two millimetres and a 250-gram split was pulverized to better than 85 per cent passing 75-micron mesh. Gold was tested by fire assay with atomic absorption finish on a 30 g nominal sample (method GE FAA313), and samples that tested over 10 g/t Au were retested using a 30 g nominal sample and gravimetric analysis (method GO FAG303). An additional 35 elements were tested by ICP-AES using a four-acid digestion (method GE ICP40B). Quality assurance and quality control (QA/QC) are maintained at the lab through rigorous use of internal standards, blanks and duplicates. An additional QA/QC program was administered by Triumph Gold: At minimum, three quality control samples, consisting of blanks, certified reference standards and duplicates, were blindly inserted into each 75-sample batch. QA/QC samples that return unacceptable values trigger investigations into the results and reanalyses of the samples that were tested in the batch with the failed QA/QC sample.

Qualified person

The technical content of this news release has been reviewed and approved by Dr. Tony Barresi, PhD, PGeo, VP, exploration, for the company, qualified person as defined by National Instrument 43-101.

About Triumph Gold Corp.

Triumph Gold is a growth-oriented Canadian-based precious metals exploration and development company. Triumph Gold is focused on creating value through the advancement of the district-scale Freegold Mountain project in Yukon.

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