Mr. Paul Reynolds reports

TRIUMPH GOLD CLOSES FOURTH TRANCHE OF PRIVATE PLACEMENT

Triumph Gold Corp. has completed the fourth tranche of its non-brokered private placement, described in its news release of May 9, 2019. In connection with the fourth tranche closing of the offering, the company issued an aggregate of 1,284,316 flow-through (FT) units at a price of 49 cents per FT unit and an aggregate of 142,842 non-flow-through (NFT) units at a price of 35 cents per NFT unit for aggregate gross proceeds of $679,309.54.

Each NFT unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each FT unit consists of one flow-through share and one-half of one warrant. Each whole warrant is exercisable to acquire one share at an exercise price of 60 cents per share until July 18, 2021, which is 24 months from the date of issuance.

Triumph Gold plans to allocate the proceeds of the offering for exploration on its Freegold Mountain project and for general working capital.

In connection with the fourth tranche of the offering, the company agreed to pay aggregate finders' fees of $3,499.63 and 9,999 finders' warrants. Each finder's warrant is exercisable to acquire one share in the capital of the company at an exercise price of 60 cents per share until July 18, 2021, which is 24 months from the date of issuance.

The securities issued under the offering and any shares that may be issuable on exercise of any such securities will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.

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.