Mr. John Anderson reports

TRIUMPH GOLD ANNOUNCES COMPLETION OF PRIVATE PLACEMENT

Further to the news release on Dec. 30, 2020, Triumph Gold Corp. has completed the issuance of an additional 685,000 units at a price of 20 cents per unit, as a correction to its July, 2020, private placement. Each unit consists of a company common share and a share purchase warrant exercisable to acquire a further company common share at an exercise price of 30 cents per share for a period of three years.

Proceeds of the private placement will be used primarily for the company's exploration activities and for general working capital purposes. The securities issued are subject to a four-month hold period expiring on May 1, 2021.

About Triumph Gold Corp.

Triumph is a growth-oriented Canadian-based gold exploration and development company with a district-scale land package in mining-friendly Yukon. The company's flagship Freegold Mountain project is located in the Dawson range, is host to three National Instrument 43-101 mineral deposits, and covers an extensive section of the Big Creek fault zone, a structure related to epithermal gold and silver mineralization, as well as gold-rich porphyry copper mineralization. The company, led by an experienced management team, is focused on creating value through the advancement of its strategic gold-first exploration program.

We seek Safe Harbor.