Mr. John Anderson reports

TRIUMPH GOLD ANNOUNCES PRIVATE PLACEMENT

Triumph Gold Corp. has closed a non-brokered private placement of 6,456,664 units of the company at a price of 30 cents per unit for gross proceeds of $1,937,000, subject to TSX Venture Exchange approval. Each unit comprises one common share and one common share purchase warrant, exercisable into one common share at a price of 45 cents, exercisable for a term of two years from the date of issuance.

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

Finders' fees in the sum of $81,199.94 and the issuance of 270,666 broker warrants are payable in connection with the private placement. The broker warrants are non-transferable and exercisable at a price of 45 cents per share for a term of two years.

Securities issued under this placement will be subject to a four-month hold period from the date of issuance.

John Anderson, executive chair of the company, has beneficially purchased 250,000 units in the private placement. This participation by Mr. Anderson constitutes a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the units acquired by the insider nor the consideration for the units paid by such insider exceeds 25 per cent of the company's market capitalization.

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.