Mr. Paul Reynolds reports

TRIUMPH GOLD INTERSECTS 400 METRES OF 1.2 G/T GOLD EQUIVALENT** AND 102 METRES OF 1.3 G/T GOLD EQUIVALENT** IN THE FIRST OF THREE AREAS TESTED FOR A DEEP PORPHYRY

Triumph Gold Corp. has released positive results from the first two of seven planned drill holes testing for a buried porphyry on its 100-per-cent-owned, 200-square-kilometre, road-accessible Freegold Mountain property in Yukon. Highlights include:

• A 400.48-metre intersection (RVD19-02, 77.52 m to 478 m) of epithermal style mineralization at the WAu breccia with 1.21 grams per tonne gold equivalent, containing 0.73 g/t gold and 0.23 per cent copper, more than doubling the previously known depth of mineralization;
• A 102.50 m intersection (RVD19-02, 560.5 m to 663 m) of gold-rich porphyry-related mineralization (strongly potassic altered granite and chalcopyrite-magnetite breccia), with 1.26 g/t AuEq, containing 0.73 g/t Au and 0.18 per cent Cu;
• Based on positive results from drill holes RVD19-01 and RVD19-02, an additional drill hole has been added to the program to further test for high-grade porphyry mineralization beneath the WAu breccia.

                      HIGHLIGHTED RESULTS FROM 2019 DRILLING AT THE WAU BRECCIA

Drill hole  From (m)  To (m)  Length (m)  Au (g/t)  Ag (g/t)  Cu (%)  Mo (%)  AuEq (g/t)    CuEq (%)

                                                                           WAu breccia intersections
RVD19-02       77.52  478.00      400.48     0.730       6.9   0.227   0.025       1.211       1.066
Including     380.00  476.00       96.00     0.850      12.3   0.325   0.020       1.476       1.300
Including     416.50  476.00       59.50     1.012      17.1   0.432   0.027       1.850       1.630
                                Potassic altered granite and chalcopyrite-magnetite porphyry breccia
RVD19-02      560.50  663.00      102.50     0.725       1.5   0.182   0.055       1.263       1.113
Including     560.50  587.00       26.50     1.102       1.6   0.146   0.060       1.630       1.436
And           626.93  661.50       34.57     0.822       1.6   0.270   0.040       1.378       1.213

Vice-president of exploration, Dr. Tony Barresi (PGeo), comments: "At the WAu breccia, the first of three areas being drill tested in 2019 for buried porphyry mineralization, we have discovered a porphyry copper-gold system. The discovery intersection is long, high-grade, gold-rich and closer to surface than we had expected. We also more than doubled the known depth of the near-surface, gold-rich, epithermal-style WAu breccia. Combined, the two mineralized zones form an impressively long and rich intersection, 601.80 m averaging 1.1 g/t gold equivalent, with 0.67 g/t of actual gold. Now, with the addition of a seventh drill hole to the program, we'll be further delineating deep WAu this year."

The 2019 exploration program on Triumph's Freegold Mountain property was designed to test for a buried copper-gold porphyry system beneath the six km long Revenue-Nucleus soil and geophysical anomaly. With the addition of a third drill hole to the WAu breccia area, the program now includes seven drill holes, totalling approximately 6,000 m. The current results indicate success at the WAu breccia, the first area tested. Triumph looks forward to receiving and releasing drill results from the other two target areas:

1. The Blue Sky zone, where Triumph discovered a gold-rich, high-grade porphyry in 2017/2018 (for example, 316 m of 1.1 g/t Au, five g/t Ag and 0.27 per cent Cu in RVD18-19; see news release dated Sept. 12, 2018);
2. Revenue West where two drill holes will test a geophysical target (Big Red, see news release dated June 18, 2019).

Triumph to drill third hole at the WAu breccia

Based on exciting results from RVD19-01 and RVD19-02, the technical team at Triumph designed a third drill hole to test the buried porphyry system beneath the WAu breccia. One of the most important alteration minerals in the buried porphyry is magnetite, which gives the affected rock a strong magnetic signature. Triumph's pre-existing magnetic geophysical surveys are being used to vector toward more, and higher-grade, porphyry-related mineralization. A 3-D inversion of 2018 ground magnetic data interpret a strong, coherent magnetic high close to where both RVD19-01 and RVD19-02 intersected strongly potassic altered rock. The newly added third drill hole will target the magnetic high, drilling into the centre and most intense portion of it, while also testing a westerly portion of the WAu breccia at depth, and hanging wall porphyry-style mineralization closer to surface. In addition, Triumph plans to reprocess its magnetic data to build a constrained/more robust 3-D model that will incorporate downhole magnetic data collected from all of the drill holes in the vicinity of the ground magnetic survey; this will allow for even better recognition and resolution of deep magnetic bodies in preparation for a 2020 drill program.

Details of RVD19-01 and RVD19-02

Two drill holes were completed at the WAu breccia totalling 1,664.21 m. The WAu breccia is a south-dipping tabular body of polymetallic mineralization intersected by eight historical drill holes that tested to a maximum depth of 200 m below surface. RVD19-01 was oriented northward to test for a depth extension of the WAu breccia 250 m beneath previous intersections. RVD19-02, was drilled southward along the same section and was designed to drill down the dip plane of the WAu mineralized zone to efficiently test continuity of the WAu mineralization to depth, while also using the breccia body as a vector toward an underlying porphyry system. RVD19-01 intersected a 53 m thick down-dip extension of the WAu breccia (493 m to 546 m). Mineralization in this interval consists mainly of quartz-carbonate-sulphide veins versus breccia matrix. The best interval returned 0.40 g/t Au, 7.1 g/t Ag, 0.20 per cent Cu and 0.025 per cent molybdenum over 15.64 m (495 m to 510.64 m). Below the breccia, RVD19-01 intersected 29.78 m (585.10 m to 614.88 m) of moderate to strong K-feldspar-biotite-magnetite altered and veined intrusion. The potassic alteration is interpreted to be part of a buried porphyry system that was also intersected in drill hole RVD19-02. RVD19-02 was drilled down the dip plane of the WAu breccia, which near surface is demonstrated to have a thickness of approximately 50 m, but below the depth of 200 m has a poorly or unconstrained thickness and geometry:

• RVD19-02 collared in the Revenue diatreme, which crosscuts and forms a shallow apron over the western portion of the WAu breccia. The margin of the diatreme is mineralized, returning 0.11 per cent Cu, 0.13 g/t Au, 6.7 g/t Ag and 0.031 per cent Mo over 16.32 m (61.2 m to 77.52 m).
• Below the diatreme contact (77.52 m) to 476 m depth, RVD19-02 intersected the WAu breccia, characterized by brecciated and argillic plus or minus silica altered granite with Au-Ag-Cu-Mo (plus minor tungsten, zinc and lead) mineralization within hydrothermal breccia matrix, and in surrounding wall rock and clasts. The breccia fill consists of pyrite, pyrrhotite, chalcopyrite, molybdenite, arsenopyrite, scheelite, sphalerite, galena, bismuthinite and native gold (visible), combined with quartz and carbonate (calcite, dolomite, ankerite).
• Beneath the WAu breccia, from 560.5 m to 663 m, RVD19-02 intersected strongly potassic altered granite (K-feldspar, biotite, magnetite) and chalcopyrite-molybdenite-magnetite breccia. This is interpreted to be part of a porphyry copper-gold system.
• Between 735 m and 891 m, RVD19-02 intersected a high density of Au-Cu-Mo enriched dikes of intrusive breccia with disseminated sulphides that crosscut variably brecciated and altered granite.
• Mineralization begins in the diatreme at 56.5 m and persists to a depth of 908 m. Including low-grade intervals, the 851.5 m long mineralized intersection averages 0.90 g/t AuEq (or 0.79 per cent CuEq), with 0.536 g/t Au, 3.7 g/t Ag, 0.146 per cent Cu and 0.027 per cent Mo.

        FULL TABLE OF SIGNIFICANT INTERSECTIONS FROM RVD19-01 AND RVD19-02; WAU BRECCIA AREA

Drill hole  From (m)  To (m)  Length (m)  Au (g/t)  Ag (g/t)  Cu (%)  Mo (%)  AuEq (g/t)  CuEq (%)

RVD19-01      492.97  546.00       53.03     0.176       2.6   0.079   0.024       0.434     0.382
Including     495.00  510.64       15.64     0.402       7.1   0.200   0.025       0.852     0.751
And           583.90  585.10        1.20     1.130      12.0   0.558   0.013       1.973     1.738
                                                 Broad intersections of multiple mineralized zones
RVD19-02       56.50  908.00      851.50     0.536       3.7   0.146   0.027       0.900     0.792
Including      61.20  663.00      601.80     0.667       5.2   0.189   0.032       1.125     0.991
                                                                                  Revenue diatreme
RVD19-02       61.20   77.52       16.32     0.129       6.7   0.106   0.031       0.506     0.445
                                                                                       WAu breccia
RVD19-02       77.52  478.00      400.48     0.730       6.9   0.227   0.025       1.211     1.066
Including     380.00  476.00       96.00     0.850      12.3   0.325   0.020       1.476     1.300
Including     416.50  476.00        59.5     1.012      17.1   0.432   0.027       1.850     1.630
                                       Potassic altered granite and magnetite-chalcopyrite breccia
RVD19-02      560.50  663.00      102.50     0.725       1.5   0.182   0.055       1.263     1.113
Including     560.50  587.00       26.50     1.102       1.6   0.146   0.060       1.630     1.436
And           626.93  661.50       34.57     0.822       1.6   0.270   0.040       1.378     1.213
                                                                                Intrusive breccias
RVD19-02      762.50  766.10        3.60     0.886       0.0   0.082   0.038       1.200     1.057
              821.00  880.50       59.50     0.430       0.0   0.059   0.006       0.532     0.469

Methods and qualified person

Drill core samples ranged between one and two m length, and were cut at Triumph's core logging facility on the Freegold Mountain property. 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 50 g sample and a gravimetric technique. An additional 35 elements were tested by inductively coupled plasma atomic emission spectroscopy using a four-acid digestion (method GE ICP40B), overlimit samples for copper were retested using the same technique but with ore-grade four-acid digestion and a higher range of detection (method GA AAS42S). Quality assurance and control 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, are 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. The technical content of this news release has been reviewed and approved by Tony Barresi, PhD, PGeo, vice-president of exploration for the company, and qualified person as defined by National Instrument 43-101.

About Triumph Gold Corp.

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

We seek Safe Harbor.