Mr. John Anderson reports

TRIUMPH GOLD ANNOUNCES COMPLETION OF $3,319,600 PRIVATE PLACEMENT

Triumph Gold Corp. has completed a non-brokered private placement of 16,598,000 units at a price of 20 cents per unit for aggregate gross proceeds to the company of $3,319,600. Each unit comprises one common share and one transferable common share purchase warrant of the company. Each whole warrant is exercisable into one common share of the company at an exercise price of 30 cents per share for a period of three years.

Proceeds of the private placement will be used primarily for the company's exploration activities and for general working capital purposes. The securities issued pursuant to the private placement are subject to a hold period of four months and one day in accordance with applicable securities laws.

The company had agreed to pay a finder's fee in cash equal to 7.0 per cent of the gross proceeds from the sale of units to third parties sourced by the finders, as well as warrants to purchase that number of common shares of the company equal to 7.0 per cent of the number of units sold to third parties sourced by the finder. The finder's warrants will be exercisable at 25 cents per common share for a period of three years from the date of closing.

About Triumph Gold Corp.

Triumph Gold is a growth-oriented Canadian-based precious metals exploration and development company.