Mr. Jed Richardson reports

TRIGON METALS RESTARTS MINING AT THE KOMBAT COPPER PROJECT AHEAD OF SCHEDULE

Trigon Metals Inc., as of yesterday, May 9, 2023, has conducted a successful first mining blast and officially restarted mining operations from its Kombat mine open pit, ahead of initial projections.

Trigon president and chief executive officer Jed Richardson commented: "I would like to thank our staff, contractors, suppliers, local partners and the Namibian government for their efforts in getting Kombat back into production after our pause in July, 2022. This is an important milestone for our company and the Kombat community. We are excited to begin production and look forward to the continued growth of our operations at Kombat."

Video footage of the first blast is viewable on YouTube.

Now that mining has commenced, ore will be stockpiled at the mill. First concentrate shipments are anticipated in fiscal Q2. Copper production of 4.4 million pounds is anticipated from the open pit by March 31, 2024 (fiscal year-end), growing to 6.8 million pounds in the first full year of production. The next quarter is expected to also mark the beginning of water pumping from underground in anticipation of reopening underground mining in 2024.

The Kombat mine

The Kombat mine is currently the only operating commercial copper mine in Namibia. Mining operations originally commenced in 1962, having produced a total output of 12.5 million tonnes of ore grading 2.6 per cent copper on average until 2008. The mine still boasts National Instrument 43-101 measured and indicated open-pit and underground resources of an additional 12.2 million tonnes at an average grade of 1.9 per cent copper. Exploration potential exists close to existing workings at surface and underground, alongside 35 km of mineralized strike length Trigon has yet to explore.

The inherited mine infrastructure has an estimated value of more than $150-million (U.S.), including a mill that can process 1,100 tonnes per day, an 800-metre shaft with two other vertical shafts, extensive underground workings, a tailings facility, ramp systems, mine buildings and concentrator.

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.

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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