Mr. John Anderson reports

TRIUMPH GOLD PROVIDES A 2026 OUTLOOK FOR SHAREHOLDERS

Triumph Gold Corp. has provided the following letter to shareholders from John Anderson, chairman and chief executive officer.

I am pleased to continue in my role as executive chairman and CEO of Triumph Gold as we enter 2026. Since leading the company through its evolution from Northern Freegold in 2014, my focus has remained on disciplined growth, technical advancement and capital management. As metal markets strengthen and global demand for gold, silver, copper, tungsten, molybdenum and other critical minerals continues to rise, Triumph Gold is well positioned for the year ahead. I believe Triumph Gold presents an exceptional opportunity for our shareholders for several key reasons:

• A strong resource base: The Freegold mountain project hosts approximately one million gold equivalent ounces indicated and one million gold equivalent ounces inferred in three deposits (Nucleus, Revenue and Tinta Hill) defined within three separate National Instrument 43-101-compliant mineral resource estimates completed in 2020. The resource was defined when gold, copper and silver prices were much lower than they are now, and no value was assigned to the other metals hosted on the property, such as antimony. These deposits provide a strong technical foundation from which the company can continue to expand geological understanding and target resource growth. Details of the mineral resource estimate can be found in the company's technical report available on SEDAR+.
• Efficient capital structure: Following corporate restructuring in 2023, Triumph Gold maintains a tightly held capital structure of approximately 60.2 million shares outstanding, of which about 37 per cent are held by me, the board and key shareholders. Over the past two years, the company has significantly reduced overhead and focused expenditures on activities that directly support asset advancement, including the acquisition of the Coyote Knoll project (see news release dated June 4, 2025, on SEDAR+). While mineral exploration was not a primary focus in 2024 and 2025, our Freegold Mountain asset remains the focus in 2026.
• Mining-friendly jurisdictions: All of Triumph Gold's assets are positioned in world-class, mining-friendly jurisdictions -- Yukon, British Columbia and Utah. These regions have a proven record of responsibly discovering and developing world-class mineral deposits.

Growth strategy for 2026

Triumph Gold's growth strategy is both clear and actionable: We are looking to expand geological knowledge with a primary focus on the Coyote Knoll and Freegold Mountain properties, followed by advancing the Andalusite Peak, Tad Toro and Big Creek properties, through systematic exploration building on the company's geological data set and working toward new mineral discoveries:

• Coyote Knoll (Utah): Following the 2025 acquisition, the company plans to undertake geological mapping, surface sampling and shallow drilling to further evaluate silver and gold epithermal vein mineralization beyond the historical mine workings.
• Freegold Mountain (Yukon): A staged exploration approach is planned. Initial work will refine drill targets through geological mapping and rock and soil sampling, followed by first-pass drill planning for targets outside defined resource areas.
• Secondary properties: Regional geological mapping and surface sampling programs are planned at the Tad Toro and Big Creek properties, located along strike from Freegold Mountain within the Dawson Range. Similar grassroots work is also planned at the Andalusite Peak property in British Columbia's Golden Horseshoe district, located approximately 60 kilometres from the Red Chris and Saddle North copper-gold porphyry deposits.

Organic growth opportunities

The company continues to review and evaluate mineral properties for potential strategic acquisitions to diversify the existing portfolio.

Commitment to responsible development

Triumph Gold is committed to working collaboratively with first nations and local communities, ensuring our exploration and development activities are conducted in an environmentally and culturally responsible manner. The company acknowledges the traditional territories on which its properties are located and maintains continuing engagement focused on communication, environmental stewardship and local participation.

Looking ahead

On behalf of the board of directors, I thank our shareholders for their continued support. We believe 2026 will be an important year for growth opportunities and expanding the geological understanding of our assets. We look forward to providing updates as exploration activities progress.

About Triumph Gold Corp.

Triumph Gold is a Canadian-based, growth-oriented exploration and development company with a district-scale land package in mining-friendly Yukon. Led by an experienced management and technical team, the company is focused on actively advancing the flagship Freegold Mountain project using multidisciplinary exploration and evaluation techniques.

The road-accessible Freegold Mountain project, located in the Dawson Range gold-copper belt, is host to three NI 43-101 mineral deposits (Nucleus, Revenue and Tinta Hill). A summary of the mineral resource estimates can be viewed in the Feb. 11, 2020, news release. The project is 200 square kilometres and covers an extensive section of the Big Creek fault zone, a structure directly related to gold-copper-silver porphyry and epithermal gold-silver mineralization. The company owns 100 per cent of the Big Creek and Tad Toro gold-silver-copper properties situated along strike of the Freegold Mountain project within the Dawson Range.

The company acquired the Coyote Knoll silver-gold epithermal project in 2025. This mineral exploration property is situated approximately 40 kilometres southwest from the prolific Tintic silver mining district.

The company also owns 100 per cent of the Andalusite Peak copper-gold property, situated 36 kilometres southeast of Dease Lake within the Stikine range in British Columbia.

The technical content of this news release has been reviewed and approved by Triumph Gold's principal geologist, Marty Henning, PGeo, a qualified person as defined in NI 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators.

We seek Safe Harbor.