News

HIGHLIGHTS

• Inferred Mineral Resources of 6.905 million tonnes at a grade of 2.78% copper, 1.14% lead and 19.11 g/t silver.
• Positive NPV of US$72 million and an excellent internal rate of return of 45.5%.
• Combined open pit and underground life of mine of nine years at an average mined grade of 2.83% copper, producing 122,106 CuEq tons.
• C1 cash cost of $1.33/lb.
• Total direct capital expenditure over the life of mine of US$67.21 million.
• Phase 1 strategy of open pit mining to facilitate early cash flow generation only requiring start-up capital of US$7.73 million.

Toronto, Canada – June 5, 2017 – Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) is pleased to announce the filing of its National Instrument 43-101 compliant technical report (“the technical report”). This follows the Company’s press release issued on April 20, 2017 announcing an updated Inferred Mineral Resource estimate at the Company’s Kombat operations located in northern Namibia (“Kombat”).

In conjunction with the technical report, the Company has also completed a scoping level study on the Kombat operations, in the form of a preliminary economic assessment (“PEA”), the results of which are summarized in the technical report. The PEA confirms that the Kombat operations have a best-estimated net present value (“NPV”) of US$72 million and a robust internal rate of return of 45.5%.

Stephan Theron, President and CEO of Trigon, commented: “We are pleased to have completed the technical report and PEA in order to take the Company one step closer to its near-term strategy of open pit mining. The results of the work done have confirmed our internal evaluation of this attractive and exciting project and we look forward to moving the Company forward to production.”

Phase 1 – Open Pit Mining
The Company remains focused on its phase 1 strategy of open pit mining in the Kombat Central and East areas to facilitate early cash flow generation. As set out below, the start-up capital required for first production of the open pit amounts to US$7.73 million, which includes: power, water and other infrastructure requirements; contractor mobilization and site establishment; refurbishment of the existing mill; studies and design and working capital. Although the capital cost of the mill refurbishment is expected to be financed by the proceeds from open pit mining; the mill is expected to be utilized for future underground operations long after the depletion of the open pit reserves.

Technical report
The updated Mineral Resource estimate reported on April 20, 2017 was in respect of the Kombat West, Central and East, Asis Far West, Asis Gap and Asis West areas. The Company is pleased to have subsequently included additional Inferred Mineral Resources at Gross Otavi, resulting in total Inferred Mineral Resources of 6.905 million tonnes at a grade of 2.78% copper, 1.14% lead and 19.11 g/t silver, as set out in detail in the table below.

Combined Inferred Mineral Resources for the Kombat Operations as at April 2017

Mine	Section	Tonnes (Mt)	Density (t/m3)	Cu (%)	Pb (%)	Ag (ppm)	Cu (Tonnes)	Pb (Tonnes)	Ag (kg)
Kombat	East	1,232	2.83	1.37	1.05	1.70	16,924	12 895	2,089
Kombat	Central	0,848	2.82	1.79	0.33	6.90	15,135	2 767	5,848
Kombat	West	0,458	2.89	2.77	2.97	2.44	12,684	13 610	1,119
Kombat	Total	2,538	2.83	1.76	1.15	3.57	44,743	29,272	9,056
Otavi	Central	0,643	2.84	0.93	2.50	0.85	6,006	16,053	546
Otavi	Total	0,643	2.84	0.93	2.50	0.85	6,006	16,053	546
Asis	West	2,475	2.88	4.05	1.28	32.36	100,214	31,735	80,078
Asis	Gap	0,166	2.83	2.35	0.35	21.15	3,909	590	3,514
Asis	Far West	1,082	2.85	3.42	0.10	35.81	37,000	1,036	38,763
Asis	Total	3,723	2.87	3.79	0.90	32.86	141,122	33,361	122,355
Total	Total	6,905	2.85	2.78	1.14	19.11	191,871	78,685	131,957

Notes:

1. Historical mine voids have been depleted from the Mineral Resource.
2. Historical mine voids were not available for Gross Otavi so the tonnage has been reduced by 1% for historical mining.
3. Additional 7.5% porosity factor has been applied to Gross Otavi for the karst voids.
4. The open pit Mineral Resource is declared to a depth of 150m with a CuEq cut off of 0.77%.
5. The underground Mineral Resource (below 150m) is declared at a CuEq cut off of 1.4%.
6. No tailings have been declared at a 0.4% Cu cut off (upside potential at 0.3% Cu cut-off).
7. Densities for the hard rock material have been modelled.
8. A geological loss of 15% has been applied to the Mineral Resource.
9. All reported Mineral Resources are limited to fall within the property boundaries of the project area.
10. Columns may not add up due to rounding.
11. Inferred Mineral Resources have a large degree of uncertainty as to their existence and whether they can be mined economically. It cannot be assumed that all or any part of the Inferred Mineral Resource will be upgraded to a higher confidence category.

Preliminary Economic Assessment
The purpose of the PEA was to investigate the economic viability, upside potential as well as future exploration requirements of open pit and underground mining targeting the copper and lead resources at Kombat East, Kombat Central, Asis Far West, Asis West and Gross Otavi, taking into consideration mining methods, treatment methods and development of additional infrastructure. The PEA has been based on the total Inferred Mineral Resources as set out above.

Production and processing
The payable saleable product tonnes are illustrated in the graph below.

The combined open pits and underground mines have a potential life of mine (“LoM”) of nine years mining 4,418 kt at an average mined grade of 2.83% copper as set out in the table below.

Item	Unit	PEA
Ore Tonnes Mined	kt	4,418
Average Cu Grade Mined	%	2.83%
Average Ag Grade Mined	g/t	20.63
Total Cu Concentrate	kt	420
Total 45% Pb Concentrate	kt	30
Total Cu Metal Paid For by Smelter	kt	108
Cu Payability (Including Refining)	%	91.4%
Cu Payability (Including Refining and Treatment)	%	79.9%
Total Silver Ounces Paid For by Smelter	koz	2,443
LoM	Years	9

Capital
The capital schedule for the Kombat operations for the life of mine is set out in the table below.  The start-up capital required for first production of the open pit amounts to US$7.73 million. Total direct capital expenditure over the life of mine is US$67.21 million (excluding contingencies and stay in business capital) with the peak capital expenditure during years 2021 and 2022.

Capital Expenditure	US$m over LoM
East and Central Open Pit Mining Capital	1,51
Gross Otavi Open Pit Mining Capital	0,72
Underground Mining Capital	25,96
Asis Far West Development Cost – Capitalized	12,63
Asis West Development Cost – Capitalized	15,42
Total Direct Mining Capital	56,23
Plant Capital
Open Pit Plant Capital	2,97
Underground Plant Expansion Capital	3,90
Tailings Storage Facility	0,24
Total Direct Plant Capital	7,11
Other Non-Direct Capital
Corporate Overhead	1,00
Environmental Licensing and Permitting	0,30
Pre-Feasibility Study and NI43-101 (Reserve)	0,21
Feasibility Study and NI43-101 Update	0,35
Surface Exploration	0,35
Underground Exploration	1,66
Total Other Non-Direct Capital	3,87
Total Direct Capital over LoM	67,21

 

Operating costs and commodity prices

Direct cash costs (C1) for the Kombat operations consist of plant and mining operating costs, concentrate transport costs, treatment costs and refining costs. Other cash costs (C3) include corporate overheads and the Namibian revenue royalty of 3%. Kombat has an all-in sustainable cost of US$109/milled tonne that equates to US$1.77/copper equivalent pound (“CuEq lb”). The turnover, cost and earnings numbers are displayed in the tables below per milled tonne and per recovered copper equivalent pound.

Item	Unit	PEA
Milled Tonnes	kt	4,418
Net Turnover	US$/Milled tonne	172
Mine Cost	US$/Milled tonne	34
Plant Costs	US$/Milled tonne	12
Other Costs	US$/Milled tonne	35
Direct Cash Costs (C1)	US$/Milled tonne	81
Capex	US$/Milled tonne	20
Production Costs (C2)	US$/Milled tonne	101
Royalties	US$/Milled tonne	5
Corporate Overheads	US$/Milled tonne	3
All-in Sustainable Costs (C3)	US$/Milled tonne	109
All-in Sustainable Cost Margin	%	36%
EBITDA*	US$/Milled tonne	83
EBITDA Margin	%	48%

Item	Unit	PEA
Copper Equivalent Tonnes	Tonnes	122,106
Net Turnover	US$/CuEq lb	2.82
Mine Cost	US$/CuEq lb	0.56
Plant Costs	US$/CuEq lb	0.20
Other Costs	US$/CuEq lb	0.57
Direct Cash Costs (C1)	US$/CuEq lb	1.33
Capex	US$/CuEq lb	0.31
Production Costs (C2)	US$/CuEq lb	1.64
Royalties	US$/CuEq lb	0.08
Corporate Overheads	US$/CuEq lb	0.05
All-in Sustainable Costs (C3)	US$/CuEq lb	1.77
EBITDA	US$CuEq lb	1.36

Using the discounted cash flow method to calculate the NPV and the intrinsic value (fundamental value based on the technical inputs, and cash flow projection that creates an NPV) in real terms, the Kombat operations have a best-estimated net present value of US$72 million at a real discount rate of 11.02%, a payback period of less than 5 years and an internal rate of return of 45.5%.

The following commodity price forecasts were used in the discounted cash flow model in the PEA.

Item	Unit	2018	2019	2020	2021	Long-term
Silver	US$/oz	17.42	17.76	18120	18.14	18.16
Copper	US$/tonne	5,624	5,510	5,628	5,733	6,507
Copper	US$/lb	2.55	2.50	2.55	2.60	2.95
Lead	US$/tonne	2,193	2,071	2,006	1,930	1,878
Lead	US$/lb	0.99	0.94	0.91	0.88	0.85

The PEA is preliminary in nature, and it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary economic assessment will be realized.

The technical report entitled “NI 43-101 Technical Report on the Kombat Copper Project, Namibia”, dated May 31, 2017, was prepared for Trigon by Minxcon (Pty) Ltd (“Minxcon”), and is available under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website at www.trigonmetals.com.

Board Update
The Company announces the resignation of Mr. James Xiang as a director of the Company, effective immediately. The Company would like to thank Mr. Xiang for his contributions to the Company.

Qualified Person
Mr. Uwe Engelmann (BSc (Zoo. & Bot.), BSc Hons (Geol.), Pr.Sci.Nat. No. 400058/08, MGSSA) of Minxcon, is a “qualified person” as such term is defined in NI 43- 101 and has reviewed and approved the technical information and data included in this press release. As a director of Minxcon, Mr. Engelmann is considered independent.

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 licenses in the Otavi Mountain lands, an area of Namibia particularly known 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:
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 First Tranche, the expected use of proceeds of the First Tranche 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

Toronto, Canada – June 1, 2017 – Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) has closed a non-brokered first tranche (the “First Tranche”) of its previously announced private placement of units (the “Units”). The Company issued 1,616,667 Units at a price of $0.30 per Unit for aggregate gross proceeds of $485,000.
Each Unit consists of one common share of the Company (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 $0.40 for a period of 36 months following the closing date of the First Tranche.

The Company intends to use the net proceeds from the First Tranche for exploration and development of the Kombat Mine, and for working capital and general corporate purposes.

The First Tranche is subject to final approval of the TSX Venture Exchange. The securities issued pursuant to the First Tranche will be subject to a four month and one day statutory hold period expiring on October 2, 2017. The Company did not pay any finder’s fees in connection with the First Tranche.

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 licenses in the Otavi Mountain lands, an area of Namibia particularly known 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:
Spyros Karellas
Investor Relations +1 (416) 433-5696
Email: spyros@pinnaclecapitalmarkets.ca
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 First Tranche, the expected use of proceeds of the First Tranche 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.

HIGHLIGHTS

• Updated NI 43-101 compliant mineral resource estimate of 6.26 million tonnes of Inferred Mineral Resources at a grade of 2.97% copper, 1.00% lead and 20.99 g/t silver.
• The Mineral Resource estimate includes 2.41 million tonnes of shallow surface accessible Inferred Mineral Resources at an average grade of 1.72% copper, 1.01% lead and 3.61 g/t silver.
• Upside potential still exists down dip from Asis West, where underground exploration has been limited to date.
• Appointments of Mr. Brett Richards as Chairman of the board and Mr. Robert Schafer as a director of the Company.

Toronto, Canada – April 20, 2017 – Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) is pleased to announce an updated mineral resource estimate at its Kombat Mine located in northern Namibia of Inferred Mineral Resources of 6.26 million tonnes grading 2.97% copper, 1.00% lead and 20.99 g/t silver, at a cut-off grade of 0.77% copper equivalent for the surface accessible (open pit) portion and 1.4% copper equivalent cut-off grade for the underground portion.

The updated mineral resource estimates, which include the Kombat West, Central and East, Asis Far West, Asis Gap and Asis West areas as presented in detail in Table 1 below (the “Updated Mineral Resource Estimate”), have been prepared and classified by Minxcon (Pty) Ltd (“Minxcon”) 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.

The Kombat Mine is Trigon’s flagship property, having produced in excess of 12 million tonnes at a grade of 2.62% copper, 1.55% lead and 18 g/t silver between 1962 and 2008. The Kombat Mine assets form a solid foundation for growth and creation of shareholder value, with near term production plans underway. The Company intends to make use of the extensive existing infrastructure to bring the Kombat Mine back into production, both in terms of the near-term surface mining and ultimately the underground operations.

The previous mineral resource estimate as at May 20, 2014 only covered the Asis Far West area, representing a very limited section of the Kombat Mine’s potential. The Updated Mineral Resource Estimate covers all proposed current and historical mining areas at the Kombat Mine. This provides management with optionality in terms of its strategic planning, and the preliminary economic assessment (“PEA”) currently being undertaken by the Company will provide an indication of the economic viability of various alternatives in this regard.

Stephan Theron, President and CEO of Trigon, commented: “The updated consolidated mineral resource numbers have met our expectations and provide management with a substantial base from which to grow Trigon into a mid-tier producer. We are pleased to have achieved this early stage milestone, and look forward to reporting progress on the implementation of the first phase of our strategic plan for near-term surface mining. We would also like the welcome Bob Schafer to the board and Brett Richards as Chairman of the board. Furthermore, we wish to thank Messrs. Nielson and Hoffman for their services to the Company.”

The figure below illustrates the mineralised halos, which include the Kombat West, Central and East, Asis West, Asis Gap and Asis Far West areas. The colours have been utilized for modelling purposes only to distinguish between the various orebodies.

The table below is a summary of the Updated Mineral Resource Estimate for the Kombat Mine as at April 19, 2017.

Table 1 – Inferred Mineral Resource Estimate

Open pit (0.77% CuEq cut off)
Mine	Section	Tonnes (Mt)	Density	Cu (%)	Pb (%)	Ag (ppm)	Cu (Tonnes)	Pb (Tonnes)	Ag (kg)
Kombat	East	1,208	2,82	1,36	1,01	1,72	16 465	12 187	2 074
Kombat	Central	0,848	2,82	1,79	0,33	6,90	15 135	2 767	5 848
Kombat	West	0,354	2,88	2,76	2,63	2,20	9 785	9 303	780
Open pit	Total	2,410	2,83	1,72	1,01	3,61	41 385	24 257	8 702
Underground (1.4% CuEq cut off)
Mine	Section	Tonnes (Mt)	Density	Cu (%)	Pb (%)	Ag (ppm)	Cu (Tonnes)	Pb (Tonnes)	Ag (kg)
Kombat	East	0,024	2,87	1,90	2,94	0,61	459	708	15
Kombat	West	0,104	2,91	2,79	4,15	3,27	2 899	4 307	339
Kombat	Total	0,128	2,90	2,63	3,92	2,77	3 358	5 015	354
Asis	West	2,475	2,88	4,05	1,28	32,36	100 214	31 735	80 078
Asis	Gap	0,166	2,83	2,35	0,35	21,15	3 909	590	3 514
Asis	Far West	1,082	2,85	3,42	0,10	35,81	37 000	1 036	38 763
Asis	Total	3,723	2,87	3,79	0,90	32,86	141 122	33 361	122 355
Underground	Total	3,851	2,87	3,75	1,00	31,86	144 480	38 376	122 709
Total Open Pit and Underground	Total	6,261	2,85	2,97	1,00	20,99	185 865	62 632	131 411

Notes:

1. Historical mine voids have been deleted from the Mineral Resource.
2. The open pit Mineral Resource is declared to a depth of 150m with a CuEq cut off of 0.77%.
3. The underground Mineral Resource (below 150m) is declared at a CuEq cut off of 1.4%.
4. Densities for the hard rock material have been modelled.
5. A geological loss of 15 % has been applied to the Mineral Resource.

The figure below illustrates the split corresponding to the Updated Mineral Resource Estimate above with respect to the various project areas. The colours have been used to differentiate the various areas as defined, and the black portions of the orebodies represent those areas which have been mined out.

Geology and Mineralization
The Kombat Mine is located on the northern limb of the Otavi Valley Syncline, localized immediately below the contact between dolostones of the Hüttenberg Formation and phyllites of the overlying Kombat Formation of the Mulden Group.

A series of copper-lead deposits have been mined on the Kombat property, localized along the axial planes of one, or locally two, parasitic folds in the northern limb of the Otavi Valley Syncline, immediately below the dolostone/phyllite contact. These parasitic folds, and the lines of mineralized bodies, plunge shallowly to the west, flattening out in the vicinity of the Asis Far West shaft.

The section between the Asis West and Asis Far West, known as the Asis Gap area, has been modelled with the current database and a zone of mineralisation is included in the Updated Mineral Resource Estimate. In addition to this the model also indicates there is potential for a down dip extension of the Asis West mineralised zone. Lateral potential also exists at Asis West and this target could possibly be accessed from 15 level.

Source Data

The work to complete the Updated Mineral Resource Estimate has been based primarily on an analysis of the Company’s extensive database of historical information, which has now been computer modelled.

The Updated Mineral Resource Estimate has been defined using the existing historic surface and underground drill holes. The historical database consists of 1,991 diamond, reverse circulation (“RC”) and percussion drillholes of which 470 diamond and RC drillholes have been utilised in the Updated Mineral Resource Estimate. Minxcon also made use of the geological structural plans to assist with the structural interpretation in the construction of the overall geological model.

Additional drilling campaigns will be required to upgrade the Inferred Mineral Resource to an Indicated Mineral Resource. This infill drilling will help with interpreting the project geology and increasing confidence in the model. Further exploration drilling will be required for identification of possible lateral and down dip extensions of the mineralization.

Resource Criteria and Assumptions

The Updated Mineral Resource Estimate has been classified in accordance with the requirements as set out in NI 43-101.

Minxcon utilised Leapfrog software to construct the mineralisation halos and final wireframes for the Ordinary Kriging estimation process, which was conducted in Datamine Studio 3. Inverse Distance to the power of 2 was utilised for the tailings Resource.

The classification of the Updated Mineral Resource Estimate was completed based on the geological complexity, estimation performance, number of drill samples, quality of data, drill hole spacing and sample distribution.

Minxcon has classified the entire Updated Mineral Resource Estimate as Inferred Mineral Resource based on the above criteria. Additional drilling will be required to upgrade the Updated Mineral Resource Estimate from the Inferred category to an Indicated category.

Cut off grades
The Updated Mineral Resource Estimate is constrained by assumptions about economic cut-off grades.

The Updated Mineral Resource Estimate was divided into a surface accessible section and an underground section. The surface accessible section was declared to a depth of 150 m at a 0.77% copper equivalent cut-off. This depth was delineated by optimizing the resource in NPV Scheduler. The underground resource below 150m was declared at a calculated pay limit of 1.4% copper equivalent. The parameters used were commodity prices of US$3.00/lb for copper and US$1.00/lb for lead. The processing recoveries for copper and lead were deemed to be 94% and 80%, respectively. A total mining (inclusive of processing) cost of US$82/tonne was used for the underground pay limit calculation.

Upside Potential and Plans

Management believes there is potential to find additional mineralization at depth and along strike through further detailed surface and underground drilling, particularly down dip from the Asis West mineralization. The Company is considering further work in this regard in the medium term. In the near-term, the Company’s plan remains to focus on surface resources in the Kombat Central and East areas and to commence with surface mining to facilitate early cash flow generation.

QA/QC

A technical report will be filed under the Company’s profile on SEDAR within 45 days of this press release. For further information with respect to the key assumptions, parameters, risks, the mineral resource estimate, data verification, QA/QC and other technical information with respect to the Kombat Mine, please refer to the technical report, when available.

Qualified Person
Mr. Uwe Engelmann (BSc (Zoo. & Bot.), BSc Hons (Geol.), Pr.Sci.Nat. No. 400058/08, MGSSA) of Minxcon, is a “qualified person” as such term is defined in NI 43- 101 and has reviewed and approved the technical information and data included in this press release. As a director of Minxcon, Mr. Engelmann is considered independent.

CORPORATE UPDATE
The Company announces the resignations of Messrs. Mike Hoffmann and Bill Nielson from the board of directors of the Company, and the appointment of Mr. Robert Schafer as a director. Mr. Brett Richards, currently a director of Trigon, will replace Mr. Justin Reid as Chairman. All changes are effective immediately. The Company has granted 100,000 options to Mr. Richards and 150,000 options to Mr. Schafer pursuant to its stock option plan. The options may be exercised at a price of $0.29 per option for a period of five years from the date of grant. The grant of options remains subject to the approval of the TSX Venture Exchange.

Mr. Schafer is a Registered Professional Geologist with more than 30 years’ international experience identifying, evaluating and structuring transactions for mineral deposits globally. Mr. Schafer has worked in more than 70 countries, including Russia, Australia, Afghanistan, China, central Asia, India, and most countries in Africa and South America. He is the immediate past-president of the Prospectors & Developers Association of Canada and a past president of the Canadian Institute for Mining, Metallurgy and Petroleum (CIM), as well as an active member of the Society for Mining, Metallurgy and Exploration (SME) in the USA, where he served on its board for more than a decade. Mr. Schafer is also a member of the board of directors for both the Canadian Mining Hall of Fame and National Mining Hall of Fame in the USA. Mr. Schafer is the recipient of the William Lawrence Saunders Gold Medal from AIME and the Daniel C. Jackling Award from SME for career achievements, two of the highest mining recognitions in the USA. Mr. Schafer earned his Bachelor’s and Master’s degrees in Geology at Miami University (Ohio); completed course work and research toward a Ph.D. in Geology; and earned a second Master’s degree in Mineral Economics at the University of Arizona. In addition, he completed the Executive MBA program at Stanford University. Mr. Schafer is a is a Certified Corporate Director (ICD.D), a Fellow of the CIM and the Society of Economic Geologists, and a Registered Professional Geologist in the States of Wyoming and Utah.

The board of directors would like to thanks Messrs. Hoffmann and Mr. Nielson for their contributions to 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 licenses in the Otavi Mountain lands, an area of Namibia particularly known 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:
Spyros Karellas
Investor Relations +1 (416) 433-5696
Email: spyros@pinnaclecapitalmarkets.ca
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 Updated Mineral Resource Estimate, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s ability to restart the Kombat Mine, the Company’s expectations for the Kombat Mine, the economic viability of surface mining at the Kombat Mine, the timing of completion of the technical report and the PEA, the results of the technical report and PEA, merger and acquisition opportunities, the impact of changes to the Company’s board of directors, the grant of stock options 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 Inc. (TSX-V: TM) (“Trigon” or the “Company”) is pleased to announce the appointment of Minxcon (Pty) Ltd. (“Minxcon”) to complete an updated National Instrument 43-101 compliant resource estimation (the “Updated Resource Estimation”) and preliminary economic assessment (“PEA”), which represent key milestones for the Company in progressing its objective of bringing the Kombat Mine back into production.

The Company believes, through the analysis of its extensive database of historical information and by using updated methods and modelling techniques, that its resource base at the Kombat Mine will be increased in the Updated Resource Estimation.

Given the extent of the available historic information, preliminary work by the Company has indicated that limited infill drilling may be required to verify this information, particularly in the Kombat Central area where near surface mineralization has been identified. This could represent significant cash savings for the Company in the interim pre-production phase if extensive definition drilling is not required.

Although the scope of the Updated Resource Estimation includes the Kombat Central, Asis Far West, Gross Otavi areas and the tailings of the Kombat Mine, the Company’s near term plan remains to focus on near surface resources in the Kombat Central area and to conduct near term surface mining to facilitate early cash flow generation. Trigon will focus on a multi-pit strategy, which it believes is appropriate for the area given the preliminary results of initial deposit modelling.

In addition to the Updated Resource Estimation, the PEA will provide an indication of the economic viability of surface mining and the Company expects that it will include a requirement to refurbish the existing Kombat mill and concentrator.

The Company also continues to explore opportunities to increase its current land position along the Kombat Trend in order to allow for further additions to its asset base.

Stephan Theron, President and CEO of Trigon, commented: “We are extremely excited to be moving forward with these significant milestones in Trigon’s development process and to see our first phase plans coming together to get this valuable asset back into production.”

Minxcon’s mandate is expected to be completed in the second quarter of this year and further details on the Updated Resource Estimation and PEA will be disclosed in due course.

Qualified Person

F. W. Nielsen, P.Geo., is a “qualified person” as such term is defined in National Instrument 43- 101 and has reviewed and approved the technical information and data included in this press release. As a director of the Company, Mr. Nielsen is not considered independent.

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 licenses in the Otavi Mountain lands, an area of Namibia particularly known 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:

Spyros Karellas
Investor Relations +1 (416) 433-5696
Email: spyros@pinnaclecapitalmarkets.ca

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 Company’s strategies and the Company’s abilities to execute such strategies, the Company’s ability to restart the Kombat Mine, the Company’s expectations for the Kombat Mine, the mineral resources at the Kombat Mine, the economic viability of surface mining at the Kombat Mine, the timing of completing the Updated Resource Estimation and PEA, the results of the Updated Resource Estimation and PEA, merger and acquisition opportunities, 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 Inc. (TSX-V: TM) (“Trigon” or the “Company”), in connection with its rebranding and name change from “Kombat Copper Inc.” to “Trigon Metals Inc.” (see December 22, 2016 press release), is pleased to announce the launch of its new corporate website, at www.trigonmetals.com, and the availability of its new corporate presentation.

The new website features up-to-date information on the Company’s mining assets as well as quick and easy access to in-depth information regarding the Company, its management and board of directors, corporate presentations, news releases, financial reports and other relevant corporate information. The new corporate presentation, found on the Company’s website, outlines the Company’s focus and strategy at the Kombat Mine as well as the Company’s strategy to become a leading African base metals developer and producer through mergers and acquisitions.

Stephan Theron, Trigon’s President and CEO, commented: “We are pleased to announce the corporate rebranding of Kombat Copper to Trigon Metals. This marks the start of a new era for our company. We are continuing our technical work in connection with assessing a restart of the Kombat Mine and at the same time assessing other base metal growth opportunities in the region.”

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 licenses in the Otavi Mountain lands, an area of Namibia particularly known 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:
Spyros Karellas
Investor Relations +1 (416) 433-5696
Email: spyros@pinnaclecapitalmarkets.ca

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 Company’s strategies and the Company’s abilities to execute such strategies, the Company’s ability to restart the Kombat Mine, merger and acquisition opportunities, 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.

Kombat Copper Inc. (TSX VENTURE:KBT) (“Kombat Copper” or the “Company”) is pleased to announce that effective December 28, 2016, the Company’s name will be changed to “Trigon Metals Inc.” and the Company’s common shares will commence trading on the TSX Venture Exchange under its new ticker symbol, “TM”.

The shareholders of Kombat Copper approved the name change at the special meeting of the Company’s shareholders held on December 22, 2016. Further details regarding the name change are contained in the Company’s management information circular dated November 23, 2016, which has been filed under the Company’s profile on SEDAR at www.sedar.com.

The Company also plans to launch a new corporate website in the near future.

Kombat Copper
Kombat Copper 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 licenses in the Otavi Mountain lands, an area of Namibia particularly known for its high-grade copper deposits. Within these licenses are three past producing mines including the Company’s flagship property, the Kombat Mine.

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 name change and new ticker symbol, the trading of the Company’s common shares, the completion of the Company’s website 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.