Mr. Jed Richardson reports

KAVANGO WEST SURFACE DRILLING DELINEATES NEW UNDERGROUND ORE -- MINING EXPECTED TO START AHEAD OF SCHEDULE

Trigon Metals Inc. has released results from the drilling of new mineralization targets at its Kombat mine in Namibia with key highlights from the drilling campaign. The reported results are from the Kavango West area, 150 metres west of the Main Kavango pit, discussed in recent press releases, the implications being a favourable confirmation of the Kombat trend mineralization.

Highlights of the drill results

Hole 3 (180 azimuth, negative 76.4 dip)

• 10 m, 2.07 per cent Cu, from 53 m;
• Three m, 1.24 per cent Cu, from 71 m.

Hole 4 (180 azimuth, negative 58 dip)

• Six m, 2.65 per cent Cu, from 57 m.

Hole 9 (0 azimuth, negative 55 dip)

• Nine m, 2.59 per cent Cu, from 60 m.

Hole 15 (351 azimuth, negative 55 dip)

• Six m, 2.93 per cent Cu, from 61 m.

The holes reported are from drilling testing gaps in the known mineralization previously thought to be barren. Holes 3, 4, 9 and 15 are verification holes testing continuity between areas previously drilled. The results are some of the longest intercepts drilled from surface.

Kavango West is a direct extension of the main body of the mineralization lying just west of the planned Kavango Pit closer to the mill and main shaft. The mineralization is proving to be higher grade but deeper than Kavango and Kavango North. From historical drilling, this connects to even larger bodies at depth and is close to underground workings. This area has been incorporated into the company's underground mine plan.

Jed Richardson, Trigon's president and chief executive officer, commented: "I am very pleased with the progress made by the Trigon team. The work has exceeded our initial expectations and we are ahead of schedule. Crews have moved to the open pit. Free dig material around the pit is already being moved. Holes are being drilled and charges are being set for Tuesday, May 9, 2023, a week ahead of the previously projected first blast of May 16, 2023."

The assays have been prepared and classified by Trigon Mining (Namibia) Pty. Ltd. in accordance with the reporting guidelines as set out in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects as required by the Canadian Securities Administrators.

Quality assurance and quality control (QA/QC)

All sample assay results have been monitored through the company's quality assurance/quality control (QA/QC) program following E2941 -- 21 standard practices for extraction of elements from ores and related metallurgical materials by four-acid digestion with ICPOES finish. Drill core was sent to an independent laboratory, African Laboratory Specialists Namibia (ALS), for analysis. ALS is an independent laboratory, located in Kombat, Namibia. Core samples were prepared using the ASTM procedures. Sample size: three kilograms, crushed split to 250 grams weighed sample (plus/minus 0.5000 g).

Qualified person

The technical information presented in this press release has been reviewed and approved for disclosure by Fanie Muller, PEng, vice-president of operations of Trigon, who is a qualified person as defined by National Instrument 43-101.

Renmark Financial to host virtual non-deal road show today

Trigon will be participating in a live virtual non-deal road show session Thursday, May 4, 2023. Trigon welcomes stakeholders, investors and other individual followers to register and attend this live event.

Jed Richardson, president and chief executive officer, and Aidan Sullivan, vice-president, investor relations, will walk viewers through the latest investor presentation followed by a live Q&A (question and answer). Investors interested in participating in this event will need to register on-line. As a reminder, registration for the live event may be limited but access to the replay after the event will be on the Trigon website.

Register

Thursday, May 4, 2023, at 10 a.m. ET

About Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently, the company has operations in Namibia and Morocco. In Namibia, the company holds an 80-per-cent interest in five mining licences in the Otavi Mountainlands, an area of Namibia widely recognized for its high-grade copper deposits, where the company is focused on exploration and redevelopment of the previously producing Kombat mine. In Morocco, the company is the holder of the Silver Hill project, a highly prospective copper and silver exploration project.

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