News

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

TORONTO – October 5, 2023 – Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) is pleased to report that on Friday, September 29th, 2023, the Company shipped its first copper concentrate product from the Kombat mine in Namibia. This milestone marks the beginning of cash flow from the operation. 

During the month of September, mining operations continued to perform well, providing a consistent plant feed averaging 1.2% copper in line with the mine plan. 

The Kombat Mill operated 23 days in September at an average daily throughput of 718 tonnes per day, corresponding to 72% capacity. By the end of September production ramped up to strong with steady operation consistently above 95% capacity from September 16th onwards. The Company is on track to declare commercial production in the second week of October. 

Copper recoveries have averaged 80.5% for the month. As production settled into steady operation from mid-September, the mill has achieved recoveries of 84.8%, in line with projected recoveries of 85.0%. 

A total of 470 tonnes of concentrate was produced in September with an average concentrate grade of 35.3% copper and 345 g/t of silver. To date, 101 tonnes have been shipped and shipments continue as finished concentrate at site has begun to overwhelm onsite storage facilities. 

Jed Richardson, Trigon’s President and CEO, commented, “Another tremendous milestone for the team at Kombat, as cash flow begins. Mining and milling operations are performing optimally. All credit to the fantastic team onsite.” 

Figure 1: Copper Concentrate Produced at Kombat Mill 

Figure 2: Inside the Kombat Mill During Operation 

Figure 3: Truck Loaded with Bags of Kombat Mine Copper Concentrate for Shipment 

Trigon Metals Inc. 

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

Cautionary Notes 

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

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