Mr. Jim Greig reports

TRIGOLD SIGNS AGREEMENT ON ADVANCED DIAMOND PROJECTS

Trigold Resources Inc. has signed a property purchase agreement for the acquisition of a 100-per-cent interest in eight prospecting permits totalling 1,150 square kilometres located in Nunavut, Canada, from private owners.

As consideration for the acquisition of a 100-per-cent interest in the permits, at closing of the transaction, Trigold will issue to the vendor one million common shares in the capital of Trigold and deliver to the vendor cash payments in the aggregate amount of $75,000. Based on a deemed price per common share of 10 cents, the value of the total deemed consideration for the transaction is $175,000. The consideration shares will be subject to a four-month restricted period, in accordance with the policies of the TSX Venture Exchange and applicable securities law requirements. On closing of the transaction, Trigold will deliver a cash payment to the vendor in the amount of $75,000, 500,000 common shares subject to a hold period and 500,000 common shares on or before May 15, 2016. The purchaser further agrees to pay to the vendor a 1-per-ecnt royalty interest, subject to the purchaser's right to purchase the vendor's royalty interest at any time, in consideration of the payment of $3-million to the vendor.

Trigold has agreed to make the following additional performance payments to the vendor, upon the completion of the following milestones:

1. Annual payments of $50,000 on each anniversary date for the next four years, payable by the purchaser in either cash or common shares in the capital of Trigold, or any combination thereof, in its sole discretion;
2. Payment of $50,000 for each new discovery of a kimberlite pipe or dike on the property, payable by the purchaser in either cash or performance shares, or any combination thereof, in its sole discretion;
3. A further 500,000 performance shares on completion of an inferred mineral resource estimate by a qualified independent geologist or mining engineer of not less than five million tonnes on each kimberlite pipe or dike;
4. A final 500,000 performance shares upon the completion of a feasibility study.

The agreement is subject to acceptable financing and TSX-V approval. Trigold plans to provide a technical report in respect of the permits in support of the transaction.

The properties specific to diamonds are within the highly prospective northern portion of the Slave structural province of the Canadian Shield. Historical work over the prospecting permits contain:

1. Diamond-bearing kimberlites and kimberlite dikes;
2. Unexplained kimberlite indicator mineral trains identified in glacial till;
3. Unsourced kimberlite float trains;
4. Unexplained geophysical targets in the vicinity of the heads of known kimberlite indicator mineral trains.

The properties contain the Rush, James River and Muskox diamond-bearing kimberlites. Most noteworthy within the property is the Muskox kimberlite, which was previously discovered by and worked on by DeBeers Canada and Tahera Corp. The Muskox kimberlite has two phases, and is known to yield diamond grades in the magmatic phase of 0.53 carat per tonne and diamond grades in the pyroclastic phase of 0.35 carat per tonne from mini-bulk samples weighing 865 and 63 dry tonnes, respectively (2006). Little is publicly known about the chemistry of the Muskox kimberlite and the quality of diamonds obtained to date, other than it is reported to have a significant population of eclogitic diamonds.

A definitive agreement is subject to acceptable financing and TSX-V approval.

We seek Safe Harbor.