Mr. John Anderson reports

TRIUMPH GOLD ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Triumph Gold Corp. has closed its non-brokered private placement for 9,604,750 units of the company at a price of 20 cents per unit for gross proceeds of $1,920,950. 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, as well as to continue working on the company's Freegold Mountain project in the Yukon and Andalusite Peak project in British Columbia, and to explore silver projects in North America.

"We are excited about the bull market we are entering in gold, silver and copper. We know that our established resource base and property package presents highly leveraged exposure for our shareholders," said John Anderson, chairman of Triumph. "After a couple of challenging years in the exploration sector, we will be following up on expanding our resource base and hopefully new discoveries."

Finders' fees in the amounts of $68,000 in cash and 340,000 finders' warrants were payable in connection with the private placement. The securities issued under this private placement will be subject to a four-month hold period expiring on July 13, 2025, in accordance with applicable Canadian securities laws.

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.