trigonmetals

TORONTO — November 29, 2023 — Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon Metals” or the “Company”) is pleased to make the following announcements underscoring the Company’s commitment to growth and advancement for our shareholders: Rennie Morkel has been appointed President and COO of the Company as Jed Richardson transitions to the role as Executive Chairman; and the acquisition of the Kalahari Copperbelt Project.

Trigon Announces Key Leadership Appointments

Trigon has transitioned from development to producer, with a pipeline that could see mill throughput quadruple and metal production increase nine-fold over the next three years with substantial exploration and development potential on the 35km of strike-length around Kombat, the Morocco properties, and the new Namibian Kalahari Copperbelt project. To best support this evolution, Trigon Metals is proud to introduce three distinguished professionals to its executive team. These appointments are pivotal to the next phase of production at the Kombat Mine and align with the Company’s vision of becoming a leading copper producer and explorer in Africa.

Rennie Morkel – President & Chief Operating Officer (COO)

Trigon Metals Inc. welcomes Rennie Morkel, a Namibian Permanent Resident, as the new President and Chief Operating Officer. Rennie, a Chartered Accountant with qualifications from Ernst & Young South Africa, brings 19 years of invaluable experience in the mining sector. His senior positions at major companies, including Endeavour Mining Group, Glencore, China General Nuclear Power Group, Vale, Norilsk Nickel, and African Rainbow Minerals, have given him extensive expertise in uranium, base metals, and precious metals across various project life cycles. Rennie holds an Honors degree in Accounting Science from the University of Pretoria.

Dr. Andreas Rompel – VP Exploration

Trigon Metals Inc. is pleased to welcome Andreas “Andy” Rompel as the new VP Exploration. Andy is a German national with expertise in geology. With over three decades of exploration and production experience, Andy has worked with various commodities, including precious metals, base metals, coking coal, and cobalt. His international experience and proficiency in multiple languages, including German, Afrikaans, and English, make him a valuable addition to the Trigon Metals team.

Grant Sboros – Director

Trigon Metals Inc. is also proud to announce the addition of Grant Sboros as a new director. Holding dual nationalities of Greek and South African, Grant serves as the Chief Executive Officer of Euro Sun Mining Inc. His rich background in finance and mining, including roles as a Deloitte partner in Mozambique and as the Head of Auditing, brings a wealth of experience in both operations and finance in the African mining industry.

Jed Richardson, Executive Chairman of Trigon Metals, commented, “The Board and Management of Trigon Metals are pleased to welcome these exceptional professionals to our team. Their wealth of experience in the mining industry, coupled with their diverse backgrounds, will be instrumental in driving our continued growth.”

Trigon Metals Signs Definitive Agreement to Acquire the High Potential Kalahari Copperbelt Project

In another strategic move to expand its copper portfolio, Trigon Metals has entered into a definitive share exchange agreement to acquire a 100% equity interest in a private arms length company (“Privco”), that holds an option to earn up to a 70% stake in the Kalahari Copperbelt Project (the “Copperbelt Option”).

Kalahari Copperbelt Project

The Kalahari Copperbelt Project encompasses a substantial land package in Namibia with primary Exclusive Prospecting Licences (EPLs) covering 280km along the strike of the Kalahari Copper Belt, which is known for hosting world-class Cu-Ag deposits. Trigon Metals’ licence spans a massive 963,163 hectares and is bounded to the northeast by Sandfire Resources and to the southwest by Rio Tinto. Namibia is an attractive jurisdiction for mining, characterized by a stable and effective government, a reliable judicial system, good infrastructure, and a favourable investment environment.

The presence of ore-grade results from drill holes, located about 8km from the northeast boundary of the project at the Fiesta Fortuna prospect, reveals 83m at 0.7% Cu and 17 g/t Ag (including 8m at 2.5% Cu and 78g/t Ag). Mineralization typically extends for tens of kilometres along the strike, and the existence of old ore-bearing drill holes suggests the potential to find extensions within the licence area. The controls on mineralization are well understood from various other deposits along the belt.

Due to sand cover, this segment of the belt had not undergone significant prior exploration. However, geophysics, mainly TEM and magnetics, are effective at defining prospective structures beneath the sand cover. Existing geophysical data suggests the presence of legitimate targets (domes), based on knowledge gleaned from other ore bodies along the belt.

Transaction Details

Pursuant to the terms of the Definitive Agreement, Trigon Metals will acquire a 100% equity interest in Privco, which holds the Copperbelt Option. The Copperbelt Option provides the right to attain up to 70% interest in Copperbelt Exploration (Pty) Ltd. (“Copperbelt”). The licenses that make up the Kalahari Copperbelt Project are currently in the process of being transferred to Copperbelt, a key condition for the closing of the transaction. Additionally, as part of the agreement, Privco will acquire a 25% equity interest in Copperbelt as follows:

1. payment US$60,000 to the counterparty on closing; and
2. US$1.0m in exploration funding over the 24-month period following closing, provided that if the full amount is not funded during such period the Company shall be required to relinquish its 25% interest back to the counterparty.

In exchange for the acquisition, Trigon Metals will issue 13.6 million common shares to the shareholder of Privco. It’s important to note that the transaction is considered an arm’s length transaction under the policies of the TSX Venture Exchange (TSXV) and qualifies as an “Expedited Acquisition” under TSXV Policy 5.3. The transaction is subject to customary closing conditions, including the completion of the License Transfer and TSXV approval. No finder fees are being paid in connection with the transaction.

Qualified Person

The technical information presented in this press release has been reviewed and approved by Jed Diner, M.Sc, P.Geo, who is a Qualified Person as defined by NI 43-101.

Trigon Metals continues to focus on strategic acquisitions, strengthening its leadership team, and expanding its copper portfolio. These developments mark an exciting chapter in the company’s journey to becoming a leading copper producer and explorer in Africa.

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 appointments of new executives, the acquisition of the Kalahari Copperbelt Project, 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.

For further information or inquiries:

Jed Richardson
President and CEO
Trigon Metals Inc.
Phone: +1 647 276 0002
Email: jed.richardson@trigonmetals.com
Website: www.trigonmetals.com

Toronto, Ontario — Trigon Metals Inc. (TSXV: TM) (FSE: TZU2) is pleased to announce the company is participating in the upcoming 121 Mining Investment Conference in London. Jed Richardson, President & CEO of Trigon Metals Inc. will be presenting about the Company’s recent and future planned activities.

121 Mining Investment London will be hosting over 175 mining companies and more than 500 sophisticated investors for two days of pre-arranged, targeted 1-2-1 meetings.

Alongside the curated schedule of pre-booked meetings matching investors with appropriate projects, the conference programme will provide expert commentary and the latest market intelligence on key industry developments.

This year’s event is being held on November 20-21.

Any investors who would like to attend 121 Mining Investment London can register for a free pass here: https://hubs.la/Q026gbp80

About 121 Mining Investment

The 121 Mining Investment global event series connects portfolio managers and analysts from institutional funds, private equity groups and family offices with mining company management teams for 1-2-1, private in-person meetings.

121 Mining Investment has an ever-expanding global portfolio, currently covering London, New York, Cape Town, Las Vegas, Frankfurt, Sydney, Singapore and Hong Kong, as well as online editions throughout the year.

About Trigon Metals Inc.

“The Company has achieved commercial production. We’ve had a successful and profitable first month of operations and we are excited to talk to investors about it in London next week,” commented Trigon President & CEO, Jed Richardson.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.

For additional Information, please contact:

Trigon Metals Inc.
Jed Richardson
President and CEO
6472766002
jed.richardson@trigonmetals.com
www.trigonmetals.com

TORONTO — November 6, 2023 — Trigon Metals Inc. (TSX-V: TM; OTCQB: PNZTF) (“Trigon” or the “Company”) provides the following operational update from the Kombat Copper Mine in Namibia. The operation produced 901 concentrate tonnes in the month of October at a grade of 29.2% copper and 241 g/t silver.

Commenting, Jed Richardson, Trigon’s CEO and President, said, “In a month that saw the plant reach commercial production and our first concentrate sales, concentrate production topped expectations. We are on track to record an operating profit on October’s production and are very pleased with the efforts of the team and the performance of the mine and mill.”

Table 1: Production Statistics October 2023

Mill Throughput (t)	28,771
Concentrate Grade (Cu %)	29.2%
Concentrate Produced (t)	901
Copper Recovery (%)	88%
Silver Grade in Concentrate (g/t)	241

Stockpiles on the run-of-mine pad now total 27,000 tonnes of ore averaging close to 1.2% Cu, providing approximately one month’s supply of ore feed.

Qualified Person

The technical information 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.

Investor Relations Webinar

Trigon will be participating in an informational webinar hosted by Focus Communications on Tuesday, November 7, 2023, at 10:00 AM PST/1:00 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:

Tuesday, November 7, 2023:
https://event.webinarjam.com/register/252/r9lr5frm

About FCIR

Focus Communications is a private Toronto-based firm, specializing in investor relations, corporate development and market awareness services. Utilizing its extensive database of private investors, brokers, analysts and fund managers, FCIR provides customized investor relations solutions for its clients.

About Trigon Metals Inc.

Trigon Metals is a publicly traded Canadian exploration and development company with core operations centered on copper and silver holdings in mine-friendly African jurisdictions. The Company currently operates in Namibia and Morocco. In Namibia, Trigon holds an 80% interest in five mining licenses in the Otavi Mountainlands, an area widely recognized for its high-grade copper deposits, with a focus on exploration and re-development of the previously producing Kombat Mine. In Morocco, the Company holds the Silver Hill and Addana projects, which are highly prospective for copper and silver exploration.

Cautionary Notes

This news release may contain forward-looking statements. These statements include but are not limited to statements regarding the Kombat Mine, the Company’s operational performance, and the Company’s future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Trigon, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to general business, economic, competitive, geopolitical and social uncertainties; the actual results of current mining activities; risks associated with operation in foreign jurisdictions; and other risks inherent in the mining industry. Although Trigon has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results may differ materially due to 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.

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

Join us next Tuesday for a live webinar, where Trigon Metals’ President and CEO, Jed Richardson, will provide an in-depth overview of the commercial copper production at Kombat Mine.

Tuesday, November 7th at 10:00am PT/1:00 pm ET.

About Trigon Metals (TSXV:TM)
Trigon Metals is leading the way in the exploration, development and production of copper and silver in Africa’s best jurisdictions. The Company’s flagship is the Kombat Copper Mine in Namibia which commenced commercial production on October 11th, 2023.

• Kombat Mine Production
  ​​​​​​​​• Project benefits from $150M+ in  infrastructure
  • Restarted mining operations in May 2023 
  • Commercial Production declared October 2023
  • Life of mine: +12 years and growing
  • Copper production growth (CAGR) 96% between 2024 -2027
  ​​​​​​​• Underground production to restart in H1 2024
• Resource
  ​​​​​​​​• Combined Resource (Open Pit & Underground)
  ​​​​​​​       • Total Indicated 12.22Mt 1.94% Cu 13.67g/t Ag
         • Total Inferred 1.91Mt  2.19% Cu 6.13 g/t Ag
• Exploration
  ​​​​​​​​• +35km of strike length of mineralization with multiple known copper occurrences at surface
  • High-grade mineralization (13m of 4.2% Cu) intercepted at the East 400 area, 250m east of the Kavango Pit

TORONTO — October 25, 2023 — Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) is pleased to provide an update on work on the establishment of the Kombat underground mine planned for early 2024. Dewatering the underground mine began in September 2023. Water levels have decreased 157m in the first month of pumping and is on track to have the shaft fully dewatered by year-end. This will allow for mining to begin in the first half of 2024.

In July and August 2023, Trigon installed two powerful (2.5MW) submersible pumps in the main shaft at Asis West, together with 7.2 MW of emergency backup generators to ensure uninterrupted power. The water pumped out of the mine is potable and piped into an open canal that feeds reservoirs near Windhoek, the capital of Namibia. An extensive hydrogeology study was completed to understand water related to the mine. The pumps have the capacity to remove in excess of 2,000 cubic metres per hour, sufficiently more than the total inflow when the mine is completely drained.

Commenting, Jed Richardson, Trigon President and CEO, “Now that open pit mining has achieved commercial production, processing 1,000 tonnes per day of ore and shipping 250 tonnes of concentrate a week. It is important to understand work is well underway to expand the mill’s throughput and commence mining from the underground, leading to a tripling of production profile while lowering production costs and amplifying profitability.”

The mining fleet for underground mining is expected to begin to arrive in December 2023, providing sufficient time to prepare stopes and train staff before the planned start-up.

Trigon Investor and Local Partner, Knowledge Katti commented, “The Kombat mine is a very important project for Namibia especially the children from the Kombat community. Once in full production, Trigon Namibia will deliver sustainable benefits for years to come, including an expected minimum of 800 direct jobs. The supporting shareholders are all working together as a partnership to deliver positive outcomes for all our stakeholders. The project has already been instrumental in supplying underground water to the Namibian national water company. We anticipate this partnership continuing for the foreseeable future since we upgraded our infrastructure to be able to pump more water to the Omatako Dam. We are looking forward to more success on behalf of all stakeholders.”

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 and Addana projects, highly prospective copper and silver exploration projects.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding the Kombat Mine, the reopening of the Kombat Mine, the Company’s ability to restart operations, the dewatering of the Kombat underground mine, the economic viability of the Kombat Mine, the Company’s ability to mine underground and the related timelines, the impact of new personnel on the Company’s operations, the ability to obtain adequate equipment and requisite financing, reliance by the Company on contractors, the infrastructure required for Trigon’s 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.

For further information:

Jed Richardson
+1 647 276 6002
jed.richardson@trigonmetals.com

Website: www.trigonmetals.com

TORONTO –October 16, 2023 –Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) is pleased to announce a significant milestone as achieved commercial production as of October 11, 2023, at its Kombat Mine in Namibia. This achievement marks a major step forward in Trigon’s journey towards becoming a leading mid-tier copper producer.

Commercial production status is defined as operating at 70% of production capacity over a period of 30 consecutive days. This is a testament to the dedication and hard work of the entire team and represents a track record of steadfast commitment to achieving operational targets and managing costs effectively. Achieving this milestone marks a pivotal moment in the growth of the Company, enhancing the economic viability of the Kombat Mine.

Commercial production status has been achieved swiftly in accordance with Company targets. The mill started producing concentrate on August 3^rd of this year (see press release dated August 10, 2023). The Company proceeded to operate for its first full day of production on August 21, 2023 (see press release dated August 24, 2023) and ramped up quickly to commercial levels. Over the past 30 days, the mill has operated at 77.8% of capacity with average recoveries of 86% Cu, producing 650 tonnes of concentrate and Trigon’s concentrate product is being shipped to port daily.

Namibian Investor and Local Partner Knowledge Katti, expressed his congratulations, saying, “The Kombat mine is a very important project for Namibia, especially the children from the Kombat community. Trigon will deliver sustainable benefits for years to come, including 500 direct jobs already in place. The supporting shareholders are all working together as a partnership to deliver positive outcomes for all our stakeholders. This milestone is a testament to the strength of our 500-person workforce and the cooperation of the local communities.”

Fanie Muller, Vice President of Operations at Trigon Metals, said, “This achievement is a testament to the relentless efforts and dedication of our team members. I am incredibly proud of our staff for their hard work and commitment during the commissioning phase. We will take a moment to enjoy this significant milestone, and at the same time gear up for the next growth phases of the Kombat Mine which include the restart of the underground operations and the mill expansion project.”

Trigon Metals remains committed to its goal of responsible mining and development in mining-friendly African jurisdictions. The Company will continue to prioritize safety, environmental stewardship, and community engagement as we move forward with our operations.

For ongoing updates and a behind-the-scenes look at our projects, follow Trigon Metals on LinkedIn, Facebook, YouTube, X, and Instagram.

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 mineralization of the Kombat Mine, the economic viability of the Kombat Mine, the operations of the Kombat Mine, the Company’s ability to restart and continue 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.

Contacts

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