Mr. Jed Richardson reports

TRIGON METALS INC. ANNOUNCES CLOSING OF $5 MILLION PRIVATE PLACEMENT OFFERING

Trigon Metals Inc. has closed its previously announced private placement offering of units of the company, pursuant to which the company issued 25 million units at a price of 20 cents per unit for aggregate gross proceeds of $5-million. Each Unit is comprised of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.30 per Common Share for a period of 36 months following the date hereof (the "Closing Date"). The Offering was led by Beacon Securities Limited, as lead agent, on behalf of a syndicate of agents (collectively, the "Agents") that included Echelon Wealth Partners Inc.

The Company plans to use the net proceeds of the Offering for mineral exploration activities on the Company's Kombat Project, Silver Hill Project and Addana Project and for general working capital requirements.

In connection with the Offering, the Agents received an aggregate cash fee equal to $204,450. In addition, the Company issued to the Agents 1,022,250 non-transferable compensation options (the "Compensation Options"). Each Compensation Option entitles the holder thereof to purchase one Common Share at an exercise price equal to the Offering Price for a period of 36 months following the Closing Date.

In addition, the Company has also paid the Agents a corporate finance fee of $83,000, plus applicable taxes. In addition, the Agents received 417,000 corporate finance fee Compensation Options, to purchase an equal number of Common Shares, subject to adjustment in certain circumstances, at the Offering Price for a period of 36 months following the Closing Date.

The Common Shares and Warrants issued pursuant to the Offering will not be subject to a statutory 4-month hold period pursuant to applicable Canadian securities laws as the Offering was completed pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The Compensation Options will be subject to a statutory 4 month hold period pursuant to applicable Canadian securities laws. The Offering remains subject to final approval of the TSX Venture Exchange (the "TSXV").

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% 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 re-development of the previously producing Kombat mine. In Morocco, the Company is the holder of the Silver Hill and Addana projects, highly prospective copper and silver exploration projects.

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