File: '\\swfile\EmailIn\20250305 164135 Attachment Triumph Gold Corp. - News Release (March 5, 2025).docx'

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Triumph Gold Announces Private Placement

VANCOUVER, British Columbia, March 5, 2025 -- Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) ("Triumph" or the "Company") announces that it is proceeding with a private placement for 9,750,000 units of the Company at a price of $0.20 per unit for gross proceeds of $1,950,000. Each unit is comprised of 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 $0.25, 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 Corp. is a growth oriented Canadian-based precious metals exploration and development company. Triumph Gold Corp. is focused on creating value through the advancement of the district scale Freegold Mountain Project in Yukon. For maps and more information, please visit our website www.triumphgoldcorp.com.

On behalf of the Board of Directors

/s/ "John Anderson"

John Anderson, Executive Chair

For further information please contact:

John Anderson, Executive Chair

Triumph Gold Corp.

+1 (604) 218-7400

janderson@triumphgoldcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.