Mr. Paul Reynolds reports

TRIUMPH GOLD CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

Triumph Gold Corp. has completed the first tranche of its non-brokered private placement described in its news release of May 9, 2019. In connection with the first-tranche closing of the offering, the company issued an aggregate of 2,887,500 non-flow-through units at a price of 35 cents per unit for gross proceeds of $1,010,625. Each unit consists of one common share in the capital of the company and one-half of one transferable common share purchase warrant. Each whole warrant is exercisable to acquire one share at an exercise price of 60 cents per share until May 14, 2021, which is 24 months from the date of issuance.

Triumph Gold plans to allocate the proceeds of the offering to exploration on its Freegold Mountain project and general working capital.

In connection with the first tranche of the offering, the company agreed to pay aggregate finders' fees of $50,464.75 and 59,185 share purchase warrants. Each finder warrant is exercisable to acquire one share in the capital of the company at an exercise price of 60 cents per share until May 14, 2021, which is 24 months from the date of issuance.

The offering remains subject to final approval of the TSX Venture Exchange.

The securities issued under the offering, and any shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.

About Triumph Gold Corp.

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

We seek Safe Harbor.