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

Trigon Metals

Building A Mid-Tier African Copper Producer

2019

TRIGON METALS ANNOUNCES PRIVATE PLACEMENT FINANCING AND APPOINTMENT OF CFO

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TORONTO, December 19, 2019 — Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) intends to complete a non-brokered private placement financing of up to 25,000,000 units (the “Units”) at a price of $0.12 per Unit for gross proceeds of up to $3,000,000 (the “Offering”).  Each Unit will be comprised of one common share of Trigon (a “Share”) and one common share purchase warrant (each whole warrant, a “Warrant”).  Each Warrant will entitle the holder thereof to acquire one Share at a price of $0.20 for a period of 36 months following the closing date of the Offering.

Closing of the Offering is expected to occur on or about December 27, 2019 and remains subject to a number of conditions, including receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. In connection with the Offering, a finder’s fee may be payable in line with the policies of the TSX Venture Exchange.  All securities issued in connection with the Offering will be subject to a statutory hold period of four-months and one-day.

The Company intends to use the net proceeds from the Offering for advancing the Kombat copper project, reviewing potential strategic acquisition opportunities and for working capital and general corporate purposes.

Appointment of Deborah Battiston as CFO

The Company also announces today that it has appointed Deborah Battiston as Chief Financial Officer, effective immediately.

Deborah Battiston is a CPA-CGA with over 25 years experience in financial management, including public companies, mergers and acquisitions, tax, and financing. She also has extensive experience with fast-paced growth companies and infrastructure creation having managed the financial teams for many successful international and domestic companies across multiple sectors, including but not limited to mining, technology and cannabis. She obtained her BA in Economics from the University of Guelph and holds an ICD.D from the University of Toronto’s Rotman School of Management.

Ms. Battiston replaces Mr. Woodhead, the former Chief Financial Officer of the Company. The management and board of directors of the Company would like to thank Mr. Woodhead for his past service and his continued support of the Company.

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core operations focused on copper resources in Namibia, one of the world’s most prospective copper regions, where it has substantial assets in place with significant upside. The Company continues to hold an 80% interest in five mining licences in the Otavi Mountain lands, an area of Namibia particularly known for its high-grade copper deposits. Within these licences 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

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 Offering, the expected use of proceeds of the Offering, the impact of management changes 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.

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

Trigon Metals Enters Into Agreement to Acquire the High Potential ‘Silver Hill’ Copper and Silver Project in Morocco

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TORONTO, Nov. 19, 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”) to acquire a 100% interest in the Silver Hill Project (“Silver Hill” or the “Project”) in Morocco (the “Proposed Transaction”).

The Proposed Transaction is centered around the Silver Hill Project, a 16km2 property in the Anti-Atlas region of Morocco, already home to Africa’s major silver mines (Imiter, Zgounder). Morocco is well-known to be a favourable jurisdiction for mining, with an established industry producing at a rate of approximately 40 million tonnes of minerals per year. Morocco produces 90% of the world’s supply of phosphates, and extracts copper, cobalt, gold silver and zinc. Morocco is a friendly business environment with a strong mining history, but very little systematic modern exploration.

Locally referred to as, Aourir N’kort (Silver Hill in the Berber language), early basic surface exploration of the Project shows that it is a high-grade exploration project showing mineralization at high grades distributed over a wide surface area. Ancient slags grading 2.5% Cu are distributed widely across one third of the concession surface, indicating a history of very ancient mining and primitive metal recovery. The presence of historical mine shafts measuring less than 20 metres in depth demonstrate that historical activity only concerned the superficial part of the mineralization and that the potential at depth remains high. Trigon is optimistic that this project and its accompanying team will emerge as a new source of growth, excitement for the Company, and value for its shareholders.

The main structure of interest (Structure 1) is a shallow dipping zone of an assumed true thickness ranging from 1 to 3 metres that has been traced and worked laterally for more than 5km. Two other worked structures have been identified on the Project that appear to be repeats of the mineralization lower in the geological sequence. Each has returned high grades of copper (1.1% to 12.1% Cu), but lower silver values (up to 250-270g/t).

The local partners (the Vendors) made use of a small under-powered drill and were not able to drill through all of the mineralized sequence, however intercepts of high copper and silver were recorded in the shallow holes (1m at 9.35% Cu and 623g/t Ag or 4m at 3.67% Cu and 263 g/t Ag at 35m depth).

Structure 1 – Upper Mineralized Level

Sample ID Cu% Ag g/t
S1LA1 3.17% 230g/t
S1LA2 4.39 221g/t
S1LA3 5.77% 360g/t
S1LB1 8.05% 477 g/t
S1LB2 3.27% 179g/t
S1LB3 6.29% 445g/t
S1LC1 10.16% 750g/t
S1LC2 5.22% 566 g/t

Structure 2 – Middle Mineralized Level

Sample ID Cu% Ag g/t
S2LA1 12.56% 270g/t
S2LA2 6.22% 24g/t
S2LB1 1.09% 251g/t
S2LB2 1.25% 136g/t

Structure 3 – Lower Mineralized Area

Sample ID Cu% Ag g/t
S3LA1 2.97% 16g/t

The potential quantities and grades above are conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if a mineral resource will be delineated.

In order to close the Proposed Transaction, Trigon must pay to the Vendors CAD$500,000 in cash and issue such number of common shares equal to CAD $750,000. On the one-year anniversary of closing the Proposed Transaction, Trigon must pay to the Vendors an amount of CAD$400,000 in cash and issue such number of shares equal to CAD $250,000. Once an independent NI 43-101 compliant mineral resource estimate has been completed at the Project showing at least 100,000 tonnes of contained copper, Trigon shall issue such number of shares equal to CAD $1,250,000 to the Vendors.

In addition, a finder fee of 5% of the cash and share consideration must be paid in cash by Trigon to an arm’s length person. The finder’s fee shall be paid concurrently with the payments to the Vendors, as described above.

“We are excited to introduce another high-grade copper asset to Trigon’s portfolio. New areas of copper production are important as production declines from the Andean resources on which the world has come to depend for the last 30 years. We aim to explore and develop new copper resources in mining-friendly African jurisdictions. Strong silver grades at Silver Hill fit nicely with the Kombat mine, our asset in Namibia, where silver is already a meaningful by-product credit,” commented Jed Richardson, Trigon President & CEO.

The Proposed Transaction is subject to further due diligence by Trigon, the parties negotiating and entering into a definitive agreement and obtaining of the necessary regulatory approvals, including approval of the TSX Venture Exchange.

Qualified Person

Technical information in this news release has been reviewed and approved by Willem Kotze, P.Geo, a “Qualified Person” as defined under National Instrument 43-101. The data presented in this news release was found to coincide with the laboratory test report by Office National des Hydrocarbures et des Mines (ONHYM), Morocco.

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 ability to closed the Proposed Transaction, the prospectivity of the Project, the Company’s ability to explore the Project and produce a NI 43-101 mineral resource estimate, 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 Metals Strengthens Its Board of Directors With the Appointment of Dr. David Shaw and Nomination of Mr. Daye Kaba

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TORONTO, Oct. 21, 2019 – Trigon Metals.Inc. (TSX-V:TM) (“Trigon” or the “Company”) has today announced the appointment of Dr. David Shaw to the Company’s Board of Directors, effective immediately.

Dr. David Shaw brings a wealth of expertise in public companies and exploration geology. He has worked both in the technical and financial communities within the resource industry for nearly 40 years. He served as an in-house structural consultant on both metal and hydrocarbon exploration programs, then as a member of a hydrocarbon project financial evaluation team with Chevron Resources in Calgary and Vancouver. He initiated and developed the Resource Research Group at Charlton Securities Ltd., Calgary before assuming the position of Senior Mining Analyst, Corporate Finance at Yorkton Securities Inc. in Vancouver. Throughout David’s career he has built strong relationships with European financial institutions and the global mining community and gained valuable experience in Africa. Dr. Shaw holds a PhD in Structural Geology from Carleton University.

The appointment of Dr. David Shaw fills the seat of Gordon Neal on the Trigon board, following his resignation. We would like to thank Mr. Neal for his contributions to the Company and board of directors.

The Company’s Annual General Meeting will take place on November 18, 2019 at 11a.m. in Toronto. The remaining directors will return to the board for another term (pending re-election), with the notable exception of Bob Schafer who will not be running for re-election. Trigon wishes to extend its sincere appreciation to Bob Schafer for more than two years of service to the shareholders of the Company as a director. Mr. Daye Kaba is nominated to stand for election in his place.

Daye Kaba brings corporate governance experience and a variety of necessary skills to the Trigon board. He is a partner in the Global Metals & Mining group at McCarthy Tétrault in Toronto. His practice focuses on mergers and acquisitions, securities and commercial law matters, with a focus on the mining sector in Africa. Mr. Kaba previously worked at Fasken Martineau DuMoulin LLP in Toronto and Coudert Brothers LLP in Paris. He received his JD from the University of Michigan and is called to the New York bar and the Ontario bar. Mr. Kaba is a member of various associations including the Canadian Bar Association, the American Bar Association, the World Association of Mining Lawyers (WAOML) and the Prospector and Developers Association of Canada (PDAC). He is fluent in English, French and Portuguese.

Jed Richardson, President and CEO of Trigon Metals, commented, “I am pleased to welcome David and Daye as directors of Trigon. We anticipate their invaluable contributions as we gear up for the restart of the Kombat Mine in Namibia and exploration of other copper developments in Africa.”

In connection with the recent announcements, the Company has granted stock options in accordance with the Company’s stock option plan. David Shaw and Daye Kaba will each receive 350,000 options. Trigon has also granted incentive stock options to certain directors, officers, employees and consultants of the Company to purchase up to an aggregate of 2,335,000 common shares of the Company. The options have an exercise price of $0.18 and will expire five years from the date of grant. The options will vest immediately. The grant of options remains subject to the approval of the TSX Venture Exchange.

Trigon Metals Inc.

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

For further information, contact:
Jed Richardson
jed.richardson@trigonmetals.com
Website: www.trigonmetals.com

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 change of the composition of Trigon’s board of directors and the impacts of such changes 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.

Trigon Metals Closes Private Placement Financing

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TORONTO, Sept. 24, 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 13,609,320 units (the “Units”) at a price of $0.10 per Unit for gross proceeds of $1,360,932.  Each Unit is comprised of one common share of Trigon (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”).  Each Warrant entitles the holder thereof to acquire one Share at a price of $0.15 for a period of 24 months following the closing date of the Offering, subject to an acceleration provision whereby in the event that at any time after the expiry of the statutory hold period, the Shares trade at $0.25 or higher on the TSX Venture Exchange for a period of 30 consecutive days, the Company shall have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise the acceleration right.

The Company intends to use the net proceeds from the Offering for initial project mobilization at the Kombat Mine, review of potential strategic acquisition opportunities and for working capital and general corporate purposes.

In connection with the closing of the Offering, the Company paid finder’s fees of $10,521 in cash and issued 98,210 non-transferable finder’s warrants (“Finder’s Warrants”).  Each Finder Warrant will entitle the holder thereof to purchase one Share at a price of $0.15 for a period of 24 months from the date of the closing of the Offering.

All issued pursuant to the Offering will be subject to a four month statutory hold period which expires on January 25, 2020. Closing of the Offering remains subject to the final approval of the TSX Venture Exchange.

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core operations focused on copper resources in Namibia, one of the world’s most prospective copper regions, where it has substantial assets in place with significant upside. The Company continues to hold an 80% interest in five mining licences in the Otavi Mountain lands, an area of Namibia particularly known for its high-grade copper deposits. Within these licences 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

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 Offering, the expected use of proceeds of the Offering 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.

Trigon Metals Announces Private Placement Financing

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TORONTO, Aug. 28, 2019 – Trigon Metals Inc. (TM.V) (“Trigon” or the “Company”) intends to complete a non-brokered private placement financing of up to 15,000,000 units (the “Units”) at a price of $0.10 per Unit for gross proceeds of up to $1,500,000 (the “Offering”).  Each Unit will be comprised of one common share of Trigon (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”).  Each Warrant will entitle the holder thereof to acquire one Share at a price of $0.15 for a period of 24 months following the closing date of the Offering, subject to an acceleration provision whereby in the event that at any time after the expiry of the statutory hold period, the Shares trade at $0.25 or higher on the TSX Venture Exchange for a period of 30 consecutive days, the Company shall have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise the acceleration right.

Closing of the Offering is expected to occur on or about September 13, 2019 and remains subject to a number of conditions, including receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. In connection with the Offering, a finder’s fee may be payable in line with the policies of the TSX Venture Exchange.  All securities issued in connection with the Offering will be subject to a statutory hold period of four-months and one-day.

The Company intends to use the net proceeds from the Offering for initial project mobilization at the Kombat Mine, review of potential strategic acquisition opportunities and for working capital and general corporate purposes.

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core operations focused on copper resources in Namibia, one of the world’s most prospective copper regions, where it has substantial assets in place with significant upside. The Company continues to hold an 80% interest in five mining licences in the Otavi Mountain lands, an area of Namibia particularly known for its high-grade copper deposits. Within these licences 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

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 Offering, the expected use of proceeds of the Offering 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.

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.