Mr. Jim Greig reports

TRIGOLD TERMINATES AGREEMENT TO ACQUIRE TENEMENTS IN PAPUA NEW GUINEA

Trigold Resources Inc. has terminated the share purchase agreement announced on Sept. 23, 2015.

The share purchase agreement was contingent on the Mineral Resources Authority (MRA) of Papua New Guinea (PNG) renewing tenements in favour of the vendor company. The MRA did not grant tenement renewals and as a result the vendor could not confirm legal ownership of the projects to be conveyed pursuant to the share purchase agreement. A $35,000 cash payment was made upon signing of the letter of intent for legal and PNG regulatory matters. No subsequent cash or share payments were transferred during the course of the arranged transaction.

Although the underlying assets and terms of the transaction represented an exceptional value proposition for Trigold shareholders, PNG's lengthy tenement renewal process and inconsistent regulation proved unreliable, which has led Trigold, among others, to refocus its considerable efforts in other jurisdictions.

Over the past 12 months, Trigold has evaluated and negotiated numerous other investment opportunities worldwide, and will continue to do so with the intent to acquire outstanding mineral interests, while maintaining a tight share structure and reduced operating costs in the best interests of shareholders.

We seek Safe Harbor.