Mr. Jed Richardson reports

TRIGON METALS REPORTS EXCEPTIONAL OCTOBER PRODUCTION FROM KOMBAT MINE, NAMIBIA

Trigon Metals Inc. has provided the following operational update from the Kombat copper mine in Namibia. The operation produced 901 concentrate tonnes in the month of October at a grade of 29.2 per cent copper and 241 grams per tonne silver.

Commenting, Jed Richardson, Trigon's chief executive officer and president, said: "In a month that saw the plant reach commercial production and our first concentrate sales, concentrate production topped expectations. We are on track to record an operating profit on October's production and are very pleased with the efforts of the team and the performance of the mine and mill."

Stockpiles on the run-of-mine pad now total 27,000 tonnes of ore averaging close to 1.2 per cent copper, providing an approximately one-month supply of ore feed.

Qualified person

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

Investor relations webinar

Trigon will be participating in an informational webinar hosted by Focus Communications on Tuesday, Nov. 7, 2023, at 10 a.m. PST/1 p.m. EST. Trigon welcomes stakeholders, investors and other individual followers to register and attend this live event.

The presentation will feature Mr. Richardson, chief executive officer and president, and Aidan Sullivan, vice-president, investor relations. Topics to be covered will include the latest investor presentation followed by a live question-and-answer session. 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 company's investor website.

About Trigon Metals Inc.

Trigon Metals is a publicly traded Canadian exploration and development company with core operations centred on copper and silver holdings in mine-friendly African jurisdictions. The company currently operates in Namibia and Morocco. In Namibia, Trigon holds an 80-per-cent interest in five mining licences in the Otavi Mountainlands, an area widely recognized for its high-grade copper deposits, with a focus on exploration and redevelopment of the previously producing Kombat mine. In Morocco, the company holds the Silver Hill and Addana projects, which are highly prospective for copper and silver exploration.

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