Mr. John Anderson reports

TRIUMPH GOLD ANNOUNCES PRIVATE PLACEMENT

Triumph Gold Corp. is proceeding with a private placement for 9.75 million units of the company at a price of 20 cents per unit for gross proceeds of $1.95-million. Each unit comprised one common share and one-half of a common share purchase warrant, with each whole warrant exercisable to acquire one additional share at a price of 25 cents, exercisable for a term of three years from the date of issuance.

The proceeds from the private placement will be used for general working capital, repayment of outstanding liabilities and to continue exploration on the company's Freegold Mountain project.

The company will pay customary finders' fees and issue finder warrants in connection with the closing of the private placement. Closing is anticipated to occur on or about March 7, 2025, subject to receipt of stock exchange approval.

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.