Mr. John Anderson reports

TRIUMPH GOLD CLOSES PRIVATE PLACEMENT

Triumph Gold Corp. has closed its previously announced non-brokered private placement. This corrected news release is being issued at the request of the TSX Venture Exchange to clarify the information contained in the company's news release dated Nov. 27, 2025. The disclosure below reflects the actual terms and closing details of the private placement.

The private placement closed on Dec. 1, 2025, and the company issued 6,456,664 units at a price of 30 cents per unit for gross proceeds of $1,937,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of 45 cents for a period of two years from the date of issuance.

The common shares and warrants issued under the private placement were issued on Dec. 1, 2025, and will be subject to a four-month hold period expiring on April 21, 2026, in accordance with applicable securities laws and TSX Venture Exchange policies.

In connection with the private placement, the company paid aggregate finders' fees of $81,199.94 and issued 270,666 non-transferable broker warrants. Each broker warrant is exercisable into one common share at a price of 45 cents for a period of two years from the date of issuance.

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

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.