trigonmetals

TORONTO — May 04, 2023 — Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) announces results from the drilling of new mineralization targets at its Kombat Mine in Namibia (the “Project”) with key highlights from the drilling campaign. The reported results are from the Kavango West area, 150 metres west of the Main Kavango Pit, discussed in recent press releases, the implications being a favourable confirmation of the Kombat trend mineralization.

Highlights of the Drill Results

Hole 3 (180 azimuth, -76.4 dip)
– 10m, 2.07%Cu, from 53m
– 3m, 1.24%Cu, from 71m

Hole 4 (180 azimuth, -58 dip)
– 6m, 2.65%Cu, from 57m

Hole 9 (0 azimuth, -55 dip)
– 9m, 2.59%Cu, from 60m

Hole 15 (351 azimuth, -55 dip)
– 6m, 2.93%Cu, from 61m

The holes reported are from drilling testing gaps in the known mineralization previously thought to be barren. Holes 3, 4, 9 and 15 are verification holes testing continuity between areas previously drilled. The results are some of the longest intercepts drilled from surface.

Kavango West is a direct extension of the main body of the mineralization lying just west of the planned Kavango Pit closer to the mill and main shaft. The mineralization is proving to be higher grade but deeper than Kavango and Kavango North. From historical drilling, this connects to even larger bodies at depth and is close to underground workings. This area has been incorporated into the Company’s underground mine plan.

Jed Richardson, Trigon’s President and CEO, commented, “I am very pleased with the progress made by the Trigon team. The work has exceeded our initial expectations and we are ahead of schedule. Crews have moved to the open pit. Free dig material around the pit is already being moved. Holes are being drilled and charges are being set for Tuesday, May 9, 2023, a week ahead of the previously projected first blast of May 16, 2023.”

The assays have been prepared and classified by Trigon Mining (Namibia)(Pty) Ltd in accordance with the reporting guidelines as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) as required by the Canadian Securities Administrators.

Table of Drilling Highlights

Hole ID		X		Y		Depth		Azimuth		Dip		Significant and Selected Intersections
KVW0001		74,415		253,342		73.6		0		-45		1m, 1.48%Cu, 7.5g/t Ag, from 69m
KVN0003		74,425		253,404		76.4		180		-59		10m, 2.07%Cu, from 53m 3m, 1.24%Cu, from 71m
KVW0004		74,465		253,405		67.1		180		-58		6m, 2.65%Cu, from 57m
KVW0005		74,450		253,415		82.7		181		-51		2m, 1.28%Cu, from 57m 3m, 8.30%Cu, from 67m
KVW0006		74,433		253,400		70.8		172		-62		4m, 2.83%Cu, from 64m
KVW0008		74,423		253,343		85.7		0		-55		7m, 1.58%Cu, from 59m
KVW0009		74,434		253,344		79.7		0		-62		9m, 2.59%Cu, from 60m
KVW0014		74,453		253,342		76.4		12		-56		1m, 1.92%Cu, from 65m
KVW0015		74,465		253,340		73.4		351		-55		6m, 2.93%Cu, from 61m
KVW0016		74,473		253,338		74.1		2		-51		3m, 1.29%Cu, from 62m
KVW0017		74,482		253,336		77.1		337		-45		3m, 1.52%Cu, from 67m
KVW0017B		74,485		253,336		83.1		5		-44		1m, 3.22%Cu, from 65m
KVW0021		74,500		253,370		76.5		6		-56		3m, 1.52%Cu, 5.7g/tAg, from 43m

Quality Assurance & Quality Control (QA/QC):

All sample assay results have been monitored through the Company’s quality assurance / quality control (QA / QC) program following E2941 − 21 Standard Practices for Extraction of Elements from Ores and Related Metallurgical Materials by 4 acid Digestion with ICPOES finish. Drill core was sent to an independent laboratory, African Laboratory Specialists Namibia (“ALS”), for analysis. ALS is an independent laboratory, located in Kombat, Namibia. Core samples were prepared using the ASTM procedures. Sample size: 3 kg, crushed split to 250g weighed sample (+/- 0.5000g).

Qualified Person

The technical information presented in this press release has been reviewed and approved for disclosure by Fanie Müller, P.Eng, VP Operations of Trigon, who is a Qualified Person as defined by NI 43-101.

Renmark Financial to Host Virtual Non-Deal Roadshow Today

Trigon will be participating in a live Virtual Non-Deal Roadshow session Thursday, May 4, 2023. Trigon welcomes stakeholders, investors, and other individual followers to register and attend this live event.

Jed Richardson, President and Chief Executive Officer, and Aidan Sullivan, Vice-President, Investor Relations will walk viewers through the latest investor presentation followed by a live Q&A. Investors interested in participating in this event will need to register using the link below. As a reminder, registration for the live event may be limited but access to the replay after the event will be on the Trigon website.

REGISTER HERE:

Thursday, May 4, 2023 at 10:00 AM ET:
Click Here

Please access this link using the latest version of Google Chrome to ensure smooth connectivity.

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently, the company has operations in Namibia and Morocco. In Namibia, the Company holds an 80% interest in five mining licences in the Otavi Mountainlands, an area of Namibia widely recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the previously producing Kombat Mine. In Morocco, the Company is the holder of the Silver Hill project, a highly prospective copper and silver exploration project.

Cautionary Notes

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. These statements include statements regarding the Project, the mineralization of the Project, the Company’s exploration plans and results thereof, the prospectivity of the Project, the economic viability of the Project, the Company’s ability to restart operations and the Company’s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

TORONTO — Apr 20, 2023 — Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) announces results from the drilling of new mineralization targets at its Kombat Mine in Namibia (the “Project”) with key highlights from the drilling campaign. The reported results are from the Kavango North area, 150 metres north of the Main Kavango Pit, discussed in recent press releases (August 4, September 15, and November 9, 2022 and January 21, 2023), the implications being a favourable confirmation of the Kombat trend mineralization.

Highlights of the Drill Results

Hole 8 (185 azimuth, -54.7 dip)
– 17m, 3.62%Cu, 32.9g/t Ag, from 27m

– 8m, 1.70%Cu, 11.59g/t Ag, from 57m

Hole 9 (181 azimuth, -55 dip)
– 1m, 9.38%Cu, 59.1g/t Ag, from 3m

– 14m, 4.02%Cu, 43.7g/t Ag, from 29m

Hole 12 (171 azimuth, -51 dip)
– 1m, 4.67%Cu, 7.1g/t Ag, from 17m

Hole 15 (179 azimuth, -59 dip)
– 5m, 3.21%Cu, 21.1g/t Ag, from 17

The holes reported are from drilling testing gaps in the known mineralization previously thought to be barren. Holes 8, 9, 12 and 15 are verification holes testing continuity between areas previously drilled. The results are some of the longest intercepts drilled from surface.

Kavango North is an area of mineralization discovered by the team in January. The reported drilling confirms its continuity. It has been incorporated into our resource and mine plan, adding more high grade ore and reducing the overall strip ratio.

Jed Richardson, Trigon’s President and CEO, commented, “The team has now completed the mine plan and the mine contractor is preparing to start mining, finishing work on the tailings facility. All of the necessary equipment is in place for the start of mining. First blast is scheduled for May 16, 2023.”

The assays have been prepared and classified by Trigon Mining (Namibia)(Pty) Ltd in accordance with the reporting guidelines as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) as required by the Canadian Securities Administrators.

Table of Drilling Highlights

Hole ID	X	Y	Depth	Azimuth	Dip	Significant and Selected Intersections
KVN0001	74,570	253,529	129.8	179	-53	3m, 0.94%Cu, 6.73g/t Ag, from 25m
KVN0003	74,600	253,530	121.1	174	-60	1m, 1.00%Cu, 16.8g/t Ag, from 6m 2m, 1.32%Cu, 9.33g/t Ag, from 53m
KVN0005	74,600	253,540	130.2	190	-58	8m, 2.48%Cu, 41.0g/t Ag, from 16m18m, 1.96%Cu, 28.6g/t Ag, from 30m
KVN0007	74,585	253,520	100.3	178	-55	3m, 2.56%Cu, 19.8g/t Ag, from 40m
KVN0008	74,585	253,540	127.8	185	-55	17m, 3.62%Cu, 32.9g/t Ag, from 27m 8m, 1.70%Cu, 11.59g/t Ag, from 57m
KVN0009	74,570	253,540	142.1	181	-54	1m, 9.38%Cu, 59.1g/tAg, from 3m 14m, 4.02%Cu, 43.7g/t Ag, from 29m
KVN0010	74,625	253,545	130.5	176	-60	6m, 2.36%Cu, 16.3g/t Ag, from 58m
KVN0011	74,625	253,535	127.5	182	-61	7m, 1.18%Cu, 16.4g/t Ag, from 68m
KVN0012	74,625	253,525	90.8	175	-51	1m, 4.67%Cu, 7.1g/t Ag, from 17m
KVN0015	74,550	253,533	73.0	179	-59	5m, 3.21%Cu, 21.1g/t Ag, from 17m
KVN0019	74,585	253,492	81.0	0	-60	4m, 2.05%Cu, 18.6g/t Ag from 45m
KVN0021	74,600	253,520	65.2	0	-60	5m, 1.51%Cu, 9.1g/t Ag, from 14m

Quality Assurance & Quality Control (QA/QC):

All sample assay results have been monitored through the Company’s quality assurance / quality control (QA / QC) program following E2941 − 21 Standard Practices for Extraction of Elements from Ores and Related Metallurgical Materials by 4 acid Digestion with ICPOES finish. Drill core was sent to an independent laboratory, African Laboratory Specialists Namibia (“ALS”), for analysis. ALS is an independent laboratory, located in Kombat, Namibia. Core samples were prepared using the ASTM procedures. Sample size: 3 kg, crushed split to 250g weighed sample (+/- 0.5000g).

Qualified Person

The technical information presented in this press release has been reviewed and approved for disclosure by Fanie Müller, P.Eng, VP Operations of Trigon, who is a Qualified Person as defined by NI 43-101.

Generation IACP

The Company has engaged Generation IACP to provide services as a market maker in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Generation IACP will receive a fee of C$7,500 plus applicable taxes per month. The agreement between the Company and Generation IACP is for an initial term of six (6) months and shall be automatically renewed for subsequent six (6) month periods unless the Company provides written notice of termination to Generation IACP. Commencing on the first anniversary of the agreement, the fee payable to Generation IACP will automatically increase annually by 3.0%. No stock options or other compensation are being granted in connection with the engagement. Generation IACP does not currently own any securities of the Company; however, Generation IACP and its clients may acquire an interest in the securities of the Company in the future.

Generation is an arm’s length party to the Company. Generation’s market-making activity will be primarily to correct temporary imbalances in the supply and demand of the Company’s shares. Generation IACP will be responsible for the costs it incurs in buying and selling the Company’s shares, and no third party will be providing funds or securities for the market making activities. Terms of this agreement are subject to the approval of the TSX.

Generation is based in Toronto, Ontario, and is an independently held and registered broker and member of the Investment Industry Regulatory Organization of Canada, the TSX-V, the Canadian Securities Exchange, and the NEO Exchange, and is a Participating Organization, as such term is defined in the rules and policies of the Toronto Stock Exchange.

Renmark Financial to Host Virtual Non-Deal Roadshows Next Month

Trigon will be participating in a live Virtual Non-Deal Roadshow session on Tuesday, May 2, 2023 and Thursday, May 4, 2023. Trigon welcomes stakeholders, investors, and other individual followers to register and attend this live event.

Jed Richardson, President and Chief Executive Officer, and Aidan Sullivan, Vice-President, Investor Relations will walk viewers through the latest investor presentation followed by a live Q&A. Investors interested in participating in this event will need to register using the link below. As a reminder, registration for the live event may be limited but access to the replay after the event will be on the Trigon website.

REGISTER HERE:
Tuesday, May 2, 2023 at 12:00 PM ET: Click Here

Thursday, May 4, 2023 at 10:00 AM ET: Click Here

Please access this link using the latest version of Google Chrome to ensure smooth connectivity.

Figure 1: Map of the Kavango Program Area Showing the Location of Holes 8, 9, 12 and 15 in the Kavango North Area Verification holes 8, 9, 12 and 15 are in the heart of the Kavango North mineralized zone and should be considered infill holes confirming mineralization between holes previously drilled. The results reported here are notable because of the length of the intercepts above the projected reserve grade.

Figure 2: Cross Section Kavango North — Hole 8 Figure 2 shows the modelling done before the drilling of KVN0008. It shows a copper intersection between 4-65m and 113-116m with blended traces of Cu oxide, but predominantly sulfides between 4-24m, 1.88% copper sulfides over 41m between 24-65m, with 28.18% copper between 40-41m.

Figure 3: Drill Core from Hole 8 The core pictured in Figure 3 shows the clearly visible sulfide mineralization.

Figure 4: Cross section Kavango North — Hole 9 Figure 4 shows the modelling done before the drilling of KVN0009. This shows a copper intersection between 0-4m and 30-48m with traces of copper oxide between 0-2m, 9.38% copper mainly sulfides between 3-4m and 3.54% copper sulfides over 16m between 28-44m, with the highest copper grade (21.77%) between 42-43m, displaying mainly copper sulfide traces throughout between 48-76m.

Figure 5: Drill Core from Kavango North Hole 9 The core pictured in Figure 5, again shows shiny golden-coloured chalcopyrite mineralization (copper mineral) throughout the drill core.

Figure 6: Cross Section Kavango North — Hole 12 Figure 6 shows the modelling done before the drilling of KVN0012. It shows a copper oxide intersection between 16-29m with 4.67% copper oxide between 17-18m.

Figure 7: Drill Core from Kavango North — Hole 12 The core pictured in Figure 7 shows brownish chalcopyrite mineralization (copper mineral) throughout the drill core.

Figure 8: Cross Section of Kavango North Hole 15 Figure 8 shows the modelling done before the drilling of KVN0015. It shows a copper intersection between 13-30m with 1.84% Cu sulfide over 9m between 13-22m.

Figure 9: Drill Core from Kavango North Hole 15 The core pictured in Figure 9 shows massive bornite mineralization with malachite coating (copper minerals) throughout the drill core.

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently the company has operations in Namibia and Morocco. In Namibia, the Company holds an 80% interest in five mining licences in the Otavi Mountainlands, an area of Namibia widely recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the previously producing Kombat Mine. In Morocco, the Company is the holder of the Silver Hill project, a highly prospective copper and silver exploration project.

Cautionary Notes

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. These statements include statements regarding the Project, the mineralization of the Project, the Company’s exploration plans and results thereof, the prospectivity of the Project, the economic viability of the Project, the Company’s ability to restart operations and the Company’s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Contacts

For further information, contact:
Jed Richardson +1 647 276 6002
jed.richardson@trigonmetals.com
Website: www.trigonmetals.com

Atrium Research has published an initiation report on Trigon Metals Inc.

Trigon is cashed up (~$C34M) to initiate and ramp production 5x from FY24 to FY27 at its 80% owned Kombat Mine in Namibia.

Click the download button to view the full report.

Plans for Mine Re-Opening

Kombat Mine is projected to start up in calendar Q2/23 and Trigon has completed all drilling necessary for mine planning for the restart of the open pit. In addition, mine contractors have returned to the site at Kombat Mine and several new key geological personnel have joined the team.

In preparation for the commencement of underground mining in 2024, the Company has started work on sizing and picking underground equipment. Analysis of the flooded shaft is underway utilizing submersible cameras. We are pleased to report the shaft is in excellent condition and pumps are being ordered to commence drainage.

Namibia Geology Team

Trigon is pleased to welcome a talented team of mining professionals to Kombat Mine.

Juandre Farmer, Project Coordinator
Mr. Juandre Farmer is a Namibian citizen who recently graduated from the Namibian University of Science and Technology where he received his degree in Mechanical Engineering. He has gathered experience in the engineering industry during his practicum and we at Trigon Namibia looks forward to further enriching his experience. To date, he has gained a solid foundation in different skills and techniques that will be an asset for Trigon as a project coordinator.

Dag Kullman, Mining Manager
Mr Dag Kullmann is a Canadian mining engineer with 34 years experience in open pit and underground mining, including 10 years in consulting. His experience includes senior management and executive positions in gold, uranium and base metals companies as well as contract mining.

Augustinus Mungunda, Senior Resource Geologist
Mr. Augustinus Mungunda is a Namibian geologist with over 18 years of experience in base metal and uranium mining and exploration environments. His experience covers mining, exploration and resource evaluation. Augustinus holds an MSc (MRM) and is a member of SAIMM.

Hilaria Shatona, Senior Exploration Geologist
Mrs. Hilaria Shatona is a Namibian geologist with over 7 years experience in underground mining and exploration principally targeting base metal prospects. Hilaria Shatona holds a BSc degree in geology and physics and a certificate in project management.

Trigon Commences Trading on the OTCQB in the United States

The common shares of the Company Have begun trading on the OTCQB Venture Market (the “OTCQB”) in the United States under the stock symbol “PNTZF”, effective January 6, 2023.

The OTCQB is a U.S. trading platform that is operated by the OTC Markets Group in New York and is the premiere marketplace for early-stage and developing U.S. and international companies. Participating companies must be current in their reporting and undergo an annual verification and management certification process. The OTCQB Venture quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. Investors can find real-time quotes and market information for Trigon at https://www.otcmarkets.com/stock/PNTZF/overview.

Trigon has also received DTC eligibility by the Depository Trust Company (“DTC”) for its shares traded on the OTCQB.

The DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered “DTC eligible.” This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements. Being DTC eligible is expected to greatly simplify the process of trading and transferring the Company’s common shares on the OTCQB.

Renmark Financial to provide Investor Relations Support and Host Virtual Roadshows

The Company has engaged Renmark Financial Communications Inc. (“Renmark”) to amplify its investor relations efforts in 2023.

Trigon will be participating in Renmark’s live Virtual Non-Deal Roadshow Series to discuss its latest investor presentation on Thursday, January 26, 2023 at 2:00 PM EST. Trigon welcomes stakeholders, investors, and other individual followers to register and attend this live event.

The presentation will feature Jed Richardson, Chief Executive Officer & President and Aidan Sullivan, Vice-President, Investor Relations. Topics to be covered will include the latest investor presentation followed by a live Q&A. Investors interested in participating in this event will need to register using the link below. As a reminder, registration for the live event may be limited but access to the replay after the event will be on The Company’s Investor website.

Click the link below to register:

Thursday, January 26, 2023: https://www.renmarkfinancial.com/live-registration/renmark-virtual-non-deal-roadshow-tsx-v-tm-2023-01-26-140000

To ensure smooth connectivity, please access this link using the latest version of Google Chrome.

To ensure smooth connectivity, please access this link using the latest version of Google Chrome.

About Renmark Financial Communications Inc.

Founded in 1999, Renmark Financial Communications Inc. is North America’s leading retail investor relations firm. Employing a strategic and comprehensive mix of exposure tactics; Renmark hosts Virtual Non-Deal Roadshows as well as in-person corporate presentations and maintains daily communications with thousands of brokers and money managers across Canada and the United States. Renmark empowers its publicly-traded clientele to maximize their visibility within the financial community and strengthen their investor audience.

Qualified Person

The technical information presented in this press release has been reviewed and approved for disclosure by Fanie Müller, P.Eng, VP Operations of Trigon, who is a Qualified Person as defined by NI 43-101.

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently the company has operations in Namibia and Morocco. In Namibia, the Company holds an 80% interest in five mining licences in the Otavi Mountainlands, an area of Namibia widely recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the previously producing Kombat Mine. In Morocco, the Company is the holder of the Silver Hill project, a highly prospective copper and silver exploration project.

Cautionary Notes

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. These statements include statements regarding the Kombat Mine, the reopening of the Kombat Mine, the listing of the Company’s shares on the OTCQB, the engagement of Renmark Financial the economic viability of the Kombat Mine, the Company’s ability to restart operations and the Company’s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.