File: Attachment 251201 TIG News Release.pdf

Triumph Gold Closes Private Placement

VANCOUVER, British Columbia, December 1 2025 -- Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) ("Triumph" or the "Company") announces that it has closed its previously announced non-brokered private placement (the "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 November 27, 2024. The disclosure below reflects the actual terms and closing details of the Private Placement.

The Private Placement closed on December 1, 2025 and the Company issued 6,456,664 units (the "Units") at a price of $0.30 per Unit, for gross proceeds of $1,937,000. Each Unit consists of one common share and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional common share at an exercise price of $0.45 for a period of two years from the date of issuance.

The common shares and Warrants issued under the Private Placement were issued on December 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 finder's 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 $0.45 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 ("MI 61- 101"). 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, exceed 25% of the Company's market capitalization.

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.

For Further Information, please 1100 1111 Melville Street Visit our website at Vancouver, BC, Canada, V6E 3V6 www.triumphgoldcorp.com Tel: 604.893.8757 +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.

For Further Information, please 1100 1111 Melville Street Visit our website at Vancouver, BC, Canada, V6E 3V6 www.triumphgoldcorp.com Tel: 604.893.8757