Mr. Paul Reynolds reports

TRIUMPH GOLD 13,000 METRE DRILL PROGRAM UNDERWAY AT FREEGOLD MOUNTAIN PROJECT, YUKON

Triumph Gold Corp. has commenced a 13,000-metre diamond drill program at its road-accessible Freegold Mountain project in the Dawson range, Yukon. The program will test several new drill targets identified during 2016 field exploration and data review. The 2016 work focused on identifying geological controls on mineralization at the Revenue and Nucleus porphyry deposits on the Freegold Mountain property. These studies recognized an early stage of porphyry-style mineralization that was not targeted during past exploration. The work defined three new exploration targets, one each at Revenue and Nucleus, and a newly identified porphyry target at the Generation zone.

Drilling is now under way at the Generation zone, a newly recognized porphyry copper-gold system. It is located approximately 800 metres north of the Revenue diatreme in an area with deep overburden. The Generation zone is exposed in Revenue Creek as a result of historical placer mining activity and consists of multiple generations of dense stockwork veining including two millimetres to five centimetres of quartz plus or minus magnetite plus or minus pyrite plus or minus chalcopyrite plus or minus bornite veins, early epidote veins, and a single 1.5-metre-thick quartz-pyrite-chalcopyrite vein. The veins have strongly sodic- and potassic-altered selvages. The Generation zone is centred above a 2.9-by-1.3-kilometre chargeability high (up to 64 milliradians) with a modelled depth approximately 150 m beneath surface. Nine historical samples collected from the Generation zone assay between 60 and 2,980 parts per million (ppm) copper and five to 212 parts per billion (ppb) gold, with an average grade of 706 ppm Cu and 38 ppb gold. The identification of high-density stockwork with multiple vein events, high-temperature alteration, and associated copper and gold mineralization indicates that the Generation zone represents a high-temperature core to a porphyry Cu-Au system. Triumph plans 2,000 metres of drilling to test this zone.

A second drill will be mobilized within a week and begin drilling at the Revenue and adjacent Blue Sky zones. At Revenue, past exploration focused on the mineralized margin of an approximately one km long elliptical diatreme. The 2016 work program identified high-temperature potassic alteration and dense quartz-pyrite-chalcopyrite-molybdenite stockwork veining related to a hydrothermal system that predates emplacement of the diatreme. Historical drill holes RVD11-019, RVD11-022 and RVD11-028 were collared 165 m east of the diatreme and drilled away from, or parallel to, the diatreme, and each intersected broad intervals of mineralization related to the early hydrothermal system (that is, RVD11-028 -- 0.17 per cent Cu, 0.29 gram per tonne (g/t) Au over 125.07 m (83.23 to 208.30 m); RVD11-019 -- 0.12 per cent Cu, 0.18 g/t Au over 144.80 m (30.50 to 175.30 m); RVD11-022 -- 0.13 per cent Cu, 0.28 g/t Au over 243.60 m (61.10 to 304.70 m)). Mineralized intervals in drill holes RVD11-019 and RVD11-028 are contained within broader and higher-grade sections where second-stage mineralization, related to emplacement of a pyroclastic dike, is superimposed on the earlier-stage porphyry mineralization (that is, RVD11-019 -- 0.16 per cent Cu, 0.66 g/t Au over 196.02 m (368.88 to 476.94 m); RVD11-028 -- 0.22 per cent Cu, 0.47 g/t Au over 144.80 m (112.20 to 257.00 m)). The porphyry-style mineralization encountered in these drill holes is open to the north, south and east; to the west it is overprinted by the Revenue diatreme. The newly recognized highly prospective area, named the Blue Sky zone, covers over 2.3 square kilometres with coincident Cu and molybdenum soil anomalies and four notable chargeability anomalies. The company plans 5,000 metres to test these areas. Drilling at the Revenue and Blue Sky zones will constitute significant stepouts, up to 1.5 km, from the current resource areas at Revenue.

Other areas that will be drill tested include the Nucleus zone (4,000 m) and a soil and geophysical anomaly that extends two km along strike between the Nucleus and Revenue deposit areas (2,000 m). The Nucleus deposit involves several superimposed deposit types. Past exploration primarily focused on narrow high-grade gold zones at the southern margin of a leucogranite intrusion. The 2016 fieldwork identified the leucogranite as a causative intrusion for early-stage porphyry-style gold and copper mineralization that is overprinted by later mineralization related to emplacement of quartz-feldspar-porphyry dikes. Most of the greater than 20 m long drill intersections at Nucleus, with good gold and copper mineralization, are located at the contact between the leucogranite and surrounding metamorphic country rock. Mineralization along this highly prospective contact is open to the north along both the eastern and western margins of the intrusion. Some of the northernmost drill holes that test the contact have encouraging results including, GRD06-022, which intersected an average grade of 0.22 per cent Cu and 0.72 ppm Au over 46.30 m, GRDN01-03 which intersected an average grade of 1.19 g/t Au over 87.47 m, and GRD08-096 which intersected an average grade of 0.13 per cent Cu and 0.23 g/t Au over 39.55 m. Greater than 2.5 kilometres of the leucogranite contact are untested by drilling and define a new exploration opportunity at Nucleus.

The technical content of this news release has been reviewed and approved by Dr. Tony Barresi, PhD, PGeo, vice-president, exploration, of the company and qualified person for the purposes of National Instrument 43-101 -- standards of disclosure for mineral properties of the Canadian Securities Administrators.

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.

We seek Safe Harbor.