Mr. John Anderson reports

TRIUMPH GOLD COMMENTS ON RECENT PROMOTIONAL ACTIVITY

Triumph Gold Corp. has been asked by the OTC Markets Group Inc. to comment on recent activity concerning its common shares.

On Oct. 7, 2019, the OTC Markets Group provided the company with copies of three articles contained in e-mails dated Oct. 7, 2019, by Portfolio Wealth Global, Crush the Street and FutureMoney Trends. The company engaged Gold Standard Media LLC by agreement dated Sept. 16, 2019, for digital marketing. Following the inquiry from OTC Markets Group the company contacted Gold Standard Media and was informed that it utilized the foregoing services in connection with their services.

After inquiry of management, none of the company's officers, directors and 10-per-cent shareholders, were involved, directly or indirectly, with the creation or distribution of promotional materials, other than management provided information on the company to Gold Standard Media in connection with the services to be provided by them under the agreement. The company did not provide editorial input into the articles prior to their release.

The company does not believe the statements in the articles regarding the company's Freegold Mountain project provided any materially false or misleading information on the company. Other commentary in the articles, including forward-looking statements, appears to express the personal opinions of the authors. The company notes that its Freegold Mountain project is at the exploration stage, and that mineral resources on the property are not mineral reserves and do not have demonstrated economic viability.

The company believes the release of the articles may have been a factor with respect to an increased price and trading volume concerning the company's common shares that occurred on Oct. 7, 2019. However, other activity of the company management, including any meetings with members of the investment community during early October, including Oct. 7, in regards to raising awareness of the company, which may also have been a factor with respect to such increased price and trading volume.

After inquiry of company management, none of the company's officers, directors or controlling shareholders nor third party service providers, have sold or purchased company securities in the past 90 days. The company completed a private placement in accordance with the policies of the TSX Venture Exchange that closed in five tranches during the months of May, June and July, 2019, for gross proceeds of $5,122,913 pursuant to which it issued 6,041,460 flow-through units at 49 cents per flow-through unit and 6,178,851 non-flow-through units at 35 cents per unit. Each unit consists of a share and a half share purchase warrant, with each whole warrant being exercisable for a further share at a price of 60 cents for a period of two years. The company has not issued convertible instruments allowing conversion to equity securities at prices constituting a discount to the market price at the time of the issuance.

In the last 12 months, the company has engaged Gold Standard Media and Dig Media dba Investing News Network to provide digital marketing services. The company has also engaged IR Pro Communications Inc. of Vancouver, B.C., to provide investor relations services.

About Triumph Gold Corp.

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

We seek Safe Harbor.