Mr. Stephen Mullowney reports

TRX GOLD REPORTS 2024 ANNUAL MEETING VOTING RESULTS AND WELCOMES NEW DIRECTOR

TRX Gold Corp. has released the voting results from its annual general and special meeting, held Feb. 27, 2025.

A total of 123,954,147 common shares were voted, representing 43.98 per cent of the issued and outstanding common shares of the company. Shareholders voted in favour of all items of business before the meeting, as follows.

TRX Gold welcomes John McVey as the newest member of the company's board of directors. Mr. McVey was chief executive officer of Procon Mining & Tunnelling, a prominent underground development contractor, from 2015 to 2024. Mr. McVey has an extensive background in engineering and construction, having spent 15 years in the Bechtel organization in a variety of roles, including mining and metals country manager for Canada and president of Bantrel. Mr. McVey has BASc and MASc in chemical engineering from the University of Waterloo, and is a licensed professional engineer in Ontario and Alberta. He achieved the ICD.D designation from the Institute of Corporate Directors in 2017, and also serves on the boards of Fortune Minerals and Arizona Gold & Silver.

"On behalf of the board and the team at TRX Gold, I would like to welcome John to our board of directors. I am confident he will provide valuable leadership as the company prepares for its next stage of growth," stated Stephen Mullowney, TRX Gold chief executive officer.

About TRX Gold Corp.

TRX Gold is rapidly advancing the Buckreef gold project. Anchored by a mineral resource published in May, 2020, the project currently hosts a measured and indicated mineral resource of 35.88 million tonnes at 1.77 grams per tonne gold containing 2,036,280 ounces of gold and an inferred mineral resource of 17.8 million tonnes at 1.11 g/t gold for 635,540 ounces of gold. The leadership team is focused on creating both near-term and long-term shareholder value by increasing gold production to generate positive cash flow. The positive cash flow will be utilized for exploratory drilling with the goal of increasing the current mineral resource base and advancing the larger project development, which represent 90 per cent of current mineral resources. TRX Gold's actions are led by the highest environmental, social and corporate governance standards, evidenced by the relationships and programs that the company has developed during its nearly two decades of presence in the Geita region, Tanzania. Please refer to the company's updated mineral resources estimate for Buckreef gold project, dated May 15, 2020, and filed under the company's profile on SEDAR+ and with the Securities and Exchange Commission on June 23, 2020, for more information.