Mr. Jonathan Wiesblatt reports

TRIDENT RESOURCES ANNOUNCES THE ACQUISITION OF CLAIMS FROM EAGLE PLAINS RESOURCES WITHIN THE LA RONGE GOLD BELT IN SASKATCHEWAN, CANADA

Trident Resources Corp. has signed a non-arm's-length agreement with Eagle Plains Resources Ltd. (EPL), pursuant to which the company has acquired a 100-per-cent interest in a number of dispositions comprising 16,245 hectares in four individual blocks that border the company's core high-grade gold assets within the highly prospective La Ronge gold belt. The road-accessible claims are located along a high-voltage power transmission line and are centred approximately 30 kilometres (km) northeast of La Ronge, Sask.

Acquisition highlights:

• Attractive acquisition price (see agreement terms below);
• Highly prospective land package with numerous showings proximal to Trident's core high-grade gold projects of Contact Lake and Greywacke;
• Multiple high-priority targets on the newly acquired property that are on trend with Trident's main assets, with numerous documented gold showings returning values ranging from trace mineralization to up to 45.5 grams per tonne (g/t) gold (Au);
• The company has over $11.0-million in cash and marketable securities on its balance sheet. Trident is fully financed for its upcoming summer drilling program at its flagship Contact Lake gold project, and is in a great position to unlock value and create significant shareholder value.

Jonathan Wiesblatt, Trident's chief executive officer, commented: "Our latest land acquisition further adds to Trident's overall portfolio of highly prospective claims in the La Ronge gold belt. The company is in an excellent financial position to maximize the value of our existing gold projects, in addition to adding strategic new claims surrounding our current project portfolio. Trident is well funded, with over $11.0-million in cash and marketable securities on its balance sheet. Over the next few months, the company will focus on its exploration work, which includes drilling at Contact Lake to confirm the high-grade potential resources, and testing the extension of the trend both along strike and at depth."

Geological summary

The newly acquired claims are underlain by the northeast-trending La Ronge domain central metavolcanic belt supracrustal rocks that consist of mafic to intermediate pyroclastics and flows. Numerous gold showings are documented within the newly acquired claims, and typically consist of pyrite and associated gold mineralization within rusty, vuggy quartz veining hosted within a sheared sequence of andesitic to dacitic rocks and granitic plugs.

Agreement terms -- payments and commitments

The purchase price payable by the company to Eagle Plains for the properties shall consist of: (a) $14,370; and (b) the NSR (net smelter return) royalty. The royalty is subject to a 2-per-cent NSR royalty on all 24 claims, with a buyback of $1-million for a 1-per-cent royalty.

The agreement is not an arm's-length transaction, as such term is defined in the TSX Venture Exchange's Policy 1.1, and therefore constituted a related party transaction, as such term is defined in Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Tim Termuende is a director of the company, and is also a director and officer of Eagle Plains.

In respect of the requirements of MI 61-101 and exchange Policy 5.9, the company relied on the exemptions from the formal valuation and minority approval required under MI 61-101. The company was exempt from the formal valuation requirement of MI 61-101 in reliance of sections 5.5(b) as no securities of the company are listed on the specified markets outlined therein. Additionally, the company was exempt from minority shareholder approval of MI 61-101 in reliance of Section 5.7(1)(a) (fair market value not more than 25 per cent of the company's market capitalization).

In accordance with the exchange Policy 5.3, the agreement constitutes a reviewable transaction, as such transaction involves a non-arm's-length party.

The agreement is subject to acceptance by the TSX Venture Exchange.

Qualified person

The scientific and technical data contained in this news release were approved by Cornell McDowell, PGeo, a non-independent qualified person under the National Instrument 43-101, Standards of Disclosure of Mineral Projects.

About Trident Resources Corp.

Trident Resources is a Canadian public mineral exploration company listed on the TSX Venture Exchange, focused on the acquisition, exploration and development of advanced-stage gold and copper exploration projects in Saskatchewan, Canada. The company is advancing its 100-per-cent-owned Contact Lake and Greywacke Lake projects, which host significant historical gold resources located within the prospective and underexplored La Ronge gold belt, as well as the 100-per-cent-owned Knife Lake copper project, which contains a historical copper resource.

We seek Safe Harbor.