TSX-V: TM | FRA: TZU2 | OTCQB: PNTZF

Trigon Metals

Building A Mid-Tier African Copper Producer

trigonmetals

XINHAI VISITS KOMBAT SITE TO ADVANCE INVESTMENT AND EPC PROCESS

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Toronto, Canada – June 19, 2019 – Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) is pleased to provide an update on the investment and engineering, procurement and construction (“EPC”) process with Shandong Xinhai Mining Technology & Equipment Inc. (“Xinhai”), details of which were announced on March 7, 2019. In May 2019, representatives of Xinhai visited the Kombat site and undertook an extensive onsite review.   Following the site visit, Xinhai has confirmed its commitment to Trigon and the Proposed Transaction.

Xinhai has also reiterated its confidence in the Project, highlighting several areas of potential upside including plant efficiencies, exploration potential and life of mine. Xinhai has a great deal of experience in plant design and processing equipment. They will continue their work seeking to optimize the specifications of the concentrate the Trigon mill is expected to ultimately produce.

As announced previously, Trigon has entered into a non-binding Memorandum of Understanding (“MOU”) with Xinhai pursuant to which Xinhai has agreed to invest in Trigon, in exchange for the right to be appointed as the EPC contractor for the open pit mining operations at Trigon’s Kombat project in northern Namibia (“Kombat” or the “Project”).  Xinhai has agreed to invest up to 10% of the capital requirements of the Project by way of providing services in exchange for equity in Trigon, and will further assist Trigon in securing up to an additional 80% of the capital requirements of the Project by way of debt financing through Chinese export credit facilities (the “Proposed Transaction”).

Xinhai will now continue its processes to secure the debt financing, and the Proposed Transaction remains subject to any further evaluation required by Xinhai of the Project, the entering into of definitive agreements on terms and conditions satisfactory to both parties, obtaining of the necessary regulatory approvals and the approval of the boards of directors of both parties, as required.

Jed Richardson, Chief Executive Officer of Trigon, commented: “We are pleased with the feedback from the Xinhai team following their visit to Namibia, and with the progress made to date in our fundraising processes. Increased efficiencies in the mill and improvements in our concentrate could strengthen the expected profitability of the mine, this would be a great win for Trigon and our shareholders. We remain focused on the restart of the Kombat mine and Xinhai’s partnership with Trigon represents a critical component in implementing this strategy.”

Trigon also announces the resignation of Mr. Andrew Cheatle as Vice President, Exploration, and Mr. Malcolm Campbell effective immediately.   Trigon’s board and management thank Mr. Cheatle and Mr. Campbell for their valuable contributions and wish them all the best in their future endeavours.

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper operations in Namibia, one of the world’s most prospective copper regions, where it has substantial assets in place. The Company continues to hold an 80% interest in five mining licenses in the Otavi Mountain lands, an area of Namibia widely recognized for its high-grade copper deposits. Within these licenses are three past producing mines including the Company’s flagship property, the Kombat Mine.

For further information, contact:

Jed Richardson

+1 416 861 5893

jed.richardson@trigonmetals.com

Website: www.trigonmetals.com

Cautionary Notes

警告

 This news release may contain forward-looking statements. These statements include statements regarding investment in and financing for the Company and the Kombat operations, the MOU, the ability to complete the Proposed Transaction, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s ability to restart the Kombat operations, the Company’s expectations for the Kombat 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) accepts responsibility for the adequacy or accuracy of this release.

TRIGON CLOSES PRIVATE PLACEMENT FINANCING AND ANNOUNCES STRATEGIC INVESTMENT AND VARIOUS CORPORATE UPDATES

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Toronto, Canada – March 28, 2019 – Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) has closed its previously announced non-brokered private placement financing (the “Offering”). The Company issued 15,200,414 common shares (the “Shares”) at a price of $0.10 per Share for gross proceeds of $1,520,041.

The Company intends to use the net proceeds from the Offering to advance its project finance transaction with Shandong Xinhai Mining Technology & Equipment Inc. and other interested parties, property maintenance and security for the Kombat Project, and for general corporate purposes.

Closing of the Offering remains subject to the final approval of the TSX Venture Exchange. The Shares issued pursuant to the Offering will be subject to a four month and one day statutory hold period expiring on July 29, 2019. The Company did not pay any finder’s fees in connection with the Offering.

Certain directors and officers of the Company have subscribed for Shares pursuant to the Offering (the “Insider Participation”). The Insider Participation will be considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The Insider Participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

Cost Cutting Initiatives

Management of Trigon is currently focused on ensuring the majority of the capital is used to advance the development of the Kombat Project. Monthly corporate overhead expenses have been reduced by approximately $60,000, in ways that should not impact our ability to advance the project on the ground.

Closing of the Offering introduces Silvercorp Metals Inc. (“Silvercorp”) as a strategic investor into Trigon.

Jed Richardson, President of Trigon, commented: “We are pleased to welcome Silvercorp on board as a new strategic partner to Trigon, a strong financial and technical partner that shares my commitment to seeing this mine back in production, with strong returns for our shareholders and the community where we work. We are also pleased with the progress made on our cost cutting initiatives and reiterate our focus on bringing the Kombat mine back into production.”

Silvercorp is a low-cost silver-producing Canadian mining company with multiple mines in China. Silvercorp, which is publicly traded on the Toronto Stock Exchange (TSX: SVM) and on NYSE American (NYSE: SVM), is China’s premier silver producer, as well as a producer of lead, zinc and gold. Silvercorp’s vision is to deliver shareholder value by focusing on the acquisition of under developed projects with resource potential and the ability to grow organically.

Board and Management Appointments

The Company also announces the resignation of Mr. Mark Eaton from the board of directors of the Company to make way for the appointment of Mr. Gordon Neal to the board, Silvercorp’s appointee to the Company’s board of directors.

Mr. Neal is currently the President of New Pacific Metals Corp. He was previously Vice President of Corporate Development for Silvercorp, and prior to that, Vice President of Corporate Development for MAG Silver Corp. Mr. Neal has more than 30 years’ experience in governance, corporate finance and capital markets. He has served on the boards of Falco Resources, Balmoral Resources, Americas Petrogas, Rockgate Capital, and Xiana Mining. Mr. Neal graduated from Dalhousie University with a B.Sc. in Biochemistry. He has also served as a member of the Dalhousie University Senate and Board of Governors.

Trigon’s board of directors would like to thank Mr. Eaton for his contributions to Trigon and welcomes Mr. Neal to the Company.

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper operations in Namibia, one of the world’s most prospective copper regions, where it has substantial assets in place. The Company continues to hold an 80% interest in five mining licenses in the Otavi Mountain lands, an area of Namibia widely recognized for its high-grade copper deposits. Within these licenses are three past producing mines including the Company’s flagship property, the Kombat Mine.

For further information, contact:
Jed Richardson
+1 416 861 5893
jed.richardson@trigonmetals.com
Website: www.trigonmetals.com

Cautionary Notes
This news release may contain forward-looking statements. These statements include statements regarding the Offering, the expected use of proceeds of the Offering, the impact of board appointments, cost cutting initiatives, the Company’s future plans and objectives, the Company’s ability to restart the Kombat mine, and the Company’s strategies and abilities to execute such strategies. 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) accepts responsibility for the adequacy or accuracy of this release.

Not for distribution to U.S news wire services or dissemination in the United States

Trigon Metals Announces Private Placement and Appointment of Jed Richardson as CEO

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TORONTO, March 18, 2019 – Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) intends to complete a non-brokered private placement financing of up to 17,500,000 common shares (the “Shares”) at a price of $0.10 per Share for gross proceeds of up to $1,750,000 (the “Offering”).

Closing of the Offering is expected to occur on or about March 29, 2019 and remains subject to customary closing conditions, including the approval of the TSX Venture Exchange.   The Shares issued pursuant to the Offering will be subject to a hold period of four months and one day.

The Company intends to use the net proceeds from the Offering to advance its project finance transaction with Shandong Xinhai Mining Technology & Equipment Inc. and other interested parties, property maintenance and security for the Kombat project, and for general corporate purposes.

The Company also announces the appointment of Jed Richardson as Chief Executive Officer of the Company, effective immediately. Mr. Richardson currently serves as Trigon’s President, the announcement consolidates the roles and is one of a number of streamlining moves as Trigon prepares to advance the Kombat project. Mr. Richardson’s appointment follows the resignation of Stephan Theron as Chief Executive Officer.  Mr. Theron will continue as a director of the Company.

Commenting, President and CEO, Jed Richardson, “Thank you to Mr. Theron for his efforts for Trigon at Kombat. Mr. Theron will continue to work on behalf of the Company from the board of directors. My focus now is to develop both our short and longer-term capital raising strategies, initially to accelerate the commencement of open pit mining at Kombat.  Thereafter, we need to ensure sustainability of the business, as we access the previously operational underground mines which represent the life of mine at Kombat and the overwhelming value for our shareholders.”

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper operations in Namibia, one of the world’s most prospective copper regions, where it has substantial assets in place. The Company continues to hold an 80% interest in five mining licenses in the Otavi Mountain lands, an area of Namibia widely recognized for its high-grade copper deposits. Within these licenses are three past producing mines including the Company’s flagship property, the Kombat Mine.

For further information, contact:

Jed Richardson
+1 416 861 5893
jed.richardson@trigonmetals.com

Website: www.trigonmetals.com

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding the Offering, the expected use of proceeds of the Offering, the impact of changes to Trigon’s management team, the Company’s ability to partner with third parties 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. 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Trigon Signs MOU with Xinhai for Investment and EPC Contract for Kombat

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TORONTO, March 07, 2019

Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) is pleased to announce that it has entered into a non-binding Memorandum of Understanding (“MOU”) with Shandong Xinhai Mining Technology & Equipment Inc. (“Xinhai”) pursuant to which Xinhai has agreed to invest in Trigon, in exchange for the right to be appointed as the engineering, procurement and construction (“EPC”) contractor for the open pit mining operations at Trigon’s Kombat project in northern Namibia (“Kombat” or the “Project”) (“the Proposed Transaction”).  The open pit operations represent the first phase of Kombat’s life of mine strategy to bring both the open pit and underground mines back into production.

Xinhai has a proven track record of successful implementation of large-scale engineering and construction projects in Africa and is well placed to partner with Trigon to support the restart of mining at Kombat.

Pursuant to the MOU, Xinhai has agreed to invest up to 10% of the capital requirements of the Project by way of providing services in exchange for equity in Trigon. The structure and pricing of Xinhai’s investment will be determined by the parties, acting reasonably and in good faith.

Further, Xinhai will assist Trigon in securing up to an additional 80% of the capital requirements of the Project through debt financing through Chinese export credit facilities.  The structure and pricing of the debt financing will be determined by the parties, acting reasonably and in good faith.

In exchange for the above funding support, Xinhai will secure the right to be appointed as the EPC contractor for the Project on commercial terms to be agreed between the parties.

The proceeds of the financing will be used for advancement of the Project, including engineering design, acquisition or leasing of land surface rights, refurbishment and start-up of Kombat’s existing processing plant and management of open pit operations.

The Proposed Transaction is subject to further evaluation by Xinhai of the Project, the entering into of definitive agreements on terms and conditions satisfactory to both parties, obtaining of the necessary regulatory approvals, including approval of the TSX Venture Exchange, and the approval of the boards of directors of both parties, as required.

Jed Richardson, President of Trigon, commented: “We are extremely pleased to have advanced our plans for the restart the Kombat Mine.  In partnering with Xinhai, we have gained access to both the funding and technical services necessary for the restart of mining operations at Kombat.  Xinhai has excellent credentials in implementing projects of this nature and we look forward to a long term relationship as we execute our plans to build Trigon into a mid-tier copper producer.”

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper operations in Namibia, one of the world’s most prospective copper regions, where it has substantial assets in place. The Company continues to hold an 80% interest in five mining licenses in the Otavi Mountain lands, an area of Namibia widely recognized for its high-grade copper deposits. Within these licenses are three past producing mines including the Company’s flagship property, the Kombat Mine.

For further information, contact:

Jed Richardson
+1 416 861 5893
jed.richardson@trigonmetals.com

Website: www.trigonmetals.com

Cautionary Notes  

This news release may contain forward-looking statements. These statements include statements regarding investment in and financing for the Company and the Kombat operations, the MOU, the Company’s ability to obtain adequate financing, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s ability to restart the Kombat operations, the Company’s expectations for the Kombat 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) accepts responsibility for the adequacy or accuracy of this release.