Mr. Paul Reynolds reports

TRIUMPH GOLD COMMENCES A LANDMARK DRILL PROGRAM ON THE FREEGOLD MOUNTAIN PROPERTY, YUKON, TESTING BENEATH THE GOLD RICH BLUE SKY PORPHYRY AND WAU BRECCIA

A powerful drill capable of reaching depths of 2,000 metres has been mobilized onto Triumph Gold Corp.'s 100-per-cent-owned, road-accessible, Freegold Mountain property in the Yukon territory. Phase I drilling will comprise a minimum of 5,000 metres in five holes that target high-grade, gold-rich, copper gold porphyry-style mineralization intersected during the 2018 drill program.

Highlights of the program include:

• Testing the down-dip extension of high-grade, gold-rich, porphyry-style mineralization in the Blue Sky zone to a depth of approximately 1,600 metres;
• Testing the down-dip extension of high-grade, gold-rich, breccia-style mineralization and surrounding porphyry mineralization at the WAu breccia to a depth of approximately 1,000 metres;
• Testing a 2.8-kilometre-long, intense chargeability anomaly (Big Red), which underlies the core of a six-kilometre-long multielement soil anomaly that delineates a porphyry related hydrothermal system and encompasses the Nucleus, Revenue, Blue Sky and related zones. A 1,000-metre deep drill hole collared approximately two kilometres west of the Blue Sky zone is planned to test this anomaly.

The target of phase I drilling is a buried copper gold porphyry that has not been previously tested by drilling. Interpretation of integrated geophysical data from induced polarization (IP), magnetotelluric (MT) and magnetic surveys suggests that a deep porphyry target, over 400 metres below the Revenue and Nucleus gold and copper deposits, cores a six-kilometre-long coincident geophysical and multielement soil anomaly. Geology and isotopic age dating indicate that a Late Cretaceous, gold-rich, porphyry-related mineralizing event generated the near-surface Nucleus, Blue Sky, WAu Breccia, Keirsten, Revenue West, Granger and Guder zones. However, since only relatively small porphyry dikes of that age are associated with these zones, a larger causative porphyry intrusion may be buried beneath the current depth of drilling along the six-kilometre long mineralized area. In most porphyry deposits the highest grade, most voluminous and continuous mineralization is contained near the interface between the causative intrusion and surrounding rock; that is the area being targeted by the phase I drill campaign.

Drilling will be focused in three areas: the Blue Sky zone, the WAu breccia and Revenue West. The Blue Sky zone and WAu breccia represent areas where high-grade mineralization is hosted in broken and altered Middle Cretaceous granite. Triumph's geologists believe that these mineralized zones, which have regular and predictable geometry, are the best vectors into the causative intrusion that lies beneath. Drilling at Revenue West will test a 500-metre-deep chargeability anomaly that coincides with the proposed location of the mineralized zone at the interface with the causative intrusion.

Combined, the three target areas test across an approximately two-kilometre strike length, and beneath mineralization that generated high-grade, gold and copper intersections, including the Blue Sky porphyry, which produced some of the highest-grade greenfield exploration, porphyry related intersections globally in 2018.

Abbreviated highlights of historical results from the Blue Sky porphyry and WAu breccia are listed in the attached table. Full results are documented in PR18-07 dated July 31, 2018, and PR18-09 dated Sept. 12, 2018. For more detailed information about the six-kilometre-long target area, the Blue Sky porphyry, WAu breccia and Big Red, see Triumph Gold's corporate presentation.

  ABBREVIATED HIGHLIGHTS OF HISTORICAL DRILLING AT BLUE SKY PORPHYRY 
                            AND WAU BRECCIA
 
Drill hole   Length (m)  Gold (g/t)   Silver (g/t)   Copper (%)   Mo (%)
Blue Sky porphyry                       
RVD18-19        316.00        1.10            5.0        0.270    0.020
Including        79.75        2.48            6.9        0.378    0.017
RVD18-17        125.13        1.24            7.0        0.310    0.010
RVD18-16         94.50        1.53            5.8        0.279    0.013
WAu breccia                          
RVD11-19         76.34        1.40            9.2        0.210    0.032
RVD11-28         41.95        0.86           10.3        0.360    0.120
RVD17-12         40.00        1.18            8.3        0.240    0.130
RVD18-11         43.02        0.81            6.0        0.329    0.009

G/t: grams per tonne.

Triumph Gold's executive chairman, John Anderson, comments: "With the technical data to back up this amazing exploration story, Triumph is swinging for the fences this year. The upside for our investors is the possible discovery of a previously untested buried copper gold porphyry system that by all indications could be world-class in size and grade."

Qualified person

The technical content of this news release has been reviewed and approved by Tony Barresi, PhD, PGeo, vice-president of exploration for the company, and qualified person as defined by National Instrument 43-101.

About Triumph Gold Corp.

Triumph Gold is a growth-oriented Canadian-based precious metals exploration and development company. Triumph Gold is focused on creating value through the advancement of the district-scale Freegold Mountain project in Yukon.

We seek Safe Harbor.