Mr. Charles Elbourne reports

TROJAN GOLD INC. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Trojan Gold Inc. has arranged a private placement financing consisting of the sale of up to three million flow-through (FT) units in the capital of the company at a price of 10 cents per FT unit for aggregate gross proceeds of up to $300,000.

Each FT unit will consist of one common share in the capital of the company that will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and one-half of one common share purchase warrant. Each FT warrant will entitle the holder thereof to purchase one common share for a price of 15 cents for a period of 24 months from the date of closing.

The FT warrants are subject to acceleration of the 24-month expiry date in the event that the common shares have a closing price on the Canadian Securities Exchange of 20 cents or greater for a period of five consecutive trading days at any time after the closing of the offering and upon the company giving 30 days of notice of acceleration.

The proceeds from the FT units sold pursuant to the offering will be used by the company to conduct exploration at the Paulpic/Adair-Wascanna properties and the Watershed property.

About Trojan Gold Inc.

Trojan is an active Ontario-based prospect generator junior exploration company, led by a team of professionals having exploration, engineering, project financing and permitting experience. Trojan has accumulated land positions in the Hemlo gold camp and Shebandowan greenstone belt, which in management's view represent mineral exploration potential. Trojan is listed on the Canadian Securities Exchange under the symbol TGII and on the Frankfurt Exchange under the symbol KC1.

We seek Safe Harbor.