Mr. Jed Richardson reports

TRIGON METALS ANNOUNCES FILING OF NI 43-101 TECHNICAL REPORT ON THE KOMBAT MINE

Trigon Metals Inc. has filed on SEDAR+ an independent technical report prepared by SRK Consulting South Africa Pty. Ltd. in accordance with Canadian Securities Administrators' National Instrument 43-101 (Standards of Disclosure for Mineral Projects) for its Kombat mine in Namibia.

The technical report titled "Independent Technical Report for Kombat's Asis West Mine, Namibia," is dated March 15, 2024, with an effective date of Feb. 29, 2024, and supports the disclosure made by the company in its press release dated March 4, 2024, announcing the positive feasibility study for its Kombat Asis West underground mine and updated mineral resource and reserve estimates. There are minor changes to the lead grades published in the mineral resource tables in the March 4, 2024, press release.

The technical report can be found under the company's profile on SEDAR+ and on the company's website.

Mineral resource and mineral reserve estimates

Mineral resources

The mineral resource estimate presented represents the third mineral resource estimate prepared for the Kombat mine project in accordance with NI 43-101 by Minxcon Pty. Ltd. (an independent consulting company) commissioned by Trigon to undertake this work. The mineral resources have been independently reviewed by SRK and reported using updated technoeconomic factors.

Mineral resource estimates are shown in the attached tables. Mineral resources are reported inclusive of any mineral reserves that may be derived from them.

Mineral reserves

The open-pit mineral reserve estimates as set out in an attached table are limited to the ore capping open pits, which are situated in the Kombat East and Central areas. The life-of-mine pit has been excluded due to interference with current underground infrastructure. The open-pit mineral reserve estimate is declared at the RoM stockpile as a reference point.

The mineral reserve estimates for the underground mining schedule are set out in an attached table. The mineral reserves are reported at the point where the ore is fed into the processing plant. The indicated mineral resources at the No. 3 shaft below the ore capping pit were not considered to be converted to mineral reserves at the time of the study. This was mainly due to higher lead levels, which were not considered to be marketable at the time and will be included in future study work.

The combined mineral reserve estimates for the Kombat mine are set out herein.

Qualified person

The technical information presented in this press release has been reviewed and approved for disclosure by Andrew McDonald, CEng, MIMMM, FSAIMM, SRK principal engineer and competent valuator, Jaco van Graan, PrEng, MSAIMM, SRK associate partner and principal mining engineer, Mark Wanless, PrSciNat, FGSSA, MGASA, SRK partner and principal geologist, and Joseph Mainama, PrEng, MSAIMM, SRK partner and principal mining engineer, who are qualified persons as defined by NI 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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