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Trigon Metals

Exploring Copper and Silver in Africa’s Best Jurisdictions

2021

Trigon Metals Commences Mining Operations at Kombat Mine, Namibia

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TORONTO, ON – October 19, 2021 – Trigon Metals Inc. (TSXV:TM) (“Trigon” or the “Company”) is pleased to announce that the Kombat Mine officially resumed production after 14 years of closure.

Trigon has successfully restarted the Kombat Mine with a successful blast in the Kombat open pit this morning at 11:30 a.m. Namibia time.

Jed Richardson, President and CEO of Trigon, commented, “Today marks a momentous milestone; for Trigon, the community of Kombat and country of Namibia, and of course our valued shareholders. Special thanks to our team for their diligence in moving the Company forward to this great day.”

For an up-close look at the first official blast at the Kombat open pit, please visit Trigon online in the upcoming days for pictures and videos on Facebook, Instagram, LinkedIn, YouTube and Twitter.

About Kombat Mine

The Kombat Copper Project is the flagship project of Trigon Metals Inc., with the Company’s mining and prospecting licence areas covering an area of more than 7,500 ha in the Otavi Mountainlands in Namibia. The Kombat Project is comprised of three mining licences, which produced approximately 12.46 million tonnes of Copper between 1962 and 2008, at a grade of 2.62%. The other two mining licences are within close proximity to Kombat at Gross Otavi and Harasib, which are believed to be highly prospective for lead and zinc. In addition, the Company also holds an interest in two exclusive prospecting licences, which represent a potential strike extension of Kombat.

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 has redeveloped the previously producing Kombat Mine and continues to explore its licences. In Morocco, the Company is the holder of the Silver Hill project, a highly prospective copper and silver exploration project.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding the restart of the Kombat Mine, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Kombat Project, and the Company’s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

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, contact:

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

Trigon Metals Provides Progress Update on Silver Hill Project, Morocco

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TORONTO, ON – September 29, 2021 – Trigon Metals Inc. (TSXV:TM) (“Trigon” or the “Company”) is pleased to provide a progress update on work at the Company’s Silver Hill project in Morocco (“Silver Hill” or the “Project”). Following the conclusion of drilling in early 2021, the Company has been working to advance the Project in preparation for a resumption of drilling planned for December 2021. Work has focused on mapping and remote sensing, identifying signatures for mineralization in the drilled discovery area, and the new hydrothermal vent mineralization discovered in the high-grade trench, 1.5km from the discovery zone. The Company also welcomes Mr. Jed Diner, P.Geo to the team to strengthen its exploration team in Morocco.

The Company has completed a detailed topographic survey of the entire exploitation permit with an aerial drone survey to provide an accurate geographical framework to input completed and future drilling. The survey is expected to enable the production by the Company of more accurate maps, cross-sections and DTM (Digital Terrain Models).

Geochemical sampling work continues at site. To date, work has focused on the area of the trench with collection of some 240 samples around the area that exposed the high-grade hydrothermal vent mineralization. The trench returned 13 metres of 2.7% copper, 34.5 g/t silver and 82 ppm cobalt (See press release dated February 24, 2021). The soils from this area for marker minerals can be used to identify extensions to the mineralization on the Project permit area and the adjacent claims. Trigon has under application over 14km of potential strike length that shows evidence of similar hydrothermal mineralization. Trigon has priority over the claims but is awaiting official granting by the regional mineral commission. Information gleaned from this sampling program could generate a powerful exploration tool that can be applied regionally.

A detailed ground geophysical survey is planned for the discovery drilling area, the hydrothermal high-grade trench and the adjoining areas in the coming weeks. Electromagnetic (EM) surveying will be employed. Given the nature of the mineralization, this method is expected to generate an interesting signature that will be compiled with geochemical results, geology, and drilling results. The work is intended to help focus drilling planned for December 2021, looking to identify a potentially mineralized connection between high grade copper and silver drilled in the discovery zone and the trench mineralization 1.5km away. If the mineralization is directly connected, it could translate into over 2km of richly mineralized strike-length, evidencing a large-scale deposit. The survey may also determine that the structures do not connect, and though related may run parallel to each other, a result that could be interpreted as more favourable.

Trigon is pleased to welcome Mr. Jed Diner, P.Geo to its team. He will oversee exploration activities at Silver Hill. Mr. Diner has worked as a consulting geologist on a wide variety of precious and base metals projects for more than 35 years. He brings extensive experience working in Africa. He holds a B.Sc in Geology and Earth Science from Hebrew University and a M.Sc in Applied Earth Science from Stanford University. Mr. Diner brings a wealth of exploration experience strengthening the Company’s on the ground team.

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.

For further information, contact:

Jed Richardson
+1 647 276 6002
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 Silver Hill Project, exploration activities in Morocco and 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 Files NI 43-101 Technical Report on Updated Kombat Mineral Resource

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TORONTO, ON – September 17, 2021 / Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) has filed an updated NI 43-101 technical report covering the Kombat copper project in Namibia.

The updated NI 43-101 technical report reports an Indicated Minerals Resource of 12.22 million tonnes and an Inferred Mineral Resource of 1.91 million tonnes, representing a 66% increase in the Indicated Mineral Resource from the previous estimate reported at October 1, 2020 (see press release dated August 3, 2021).

Combined Mineral Resource (Open Pit & Underground) as at 3 August 2021

Area Mineral Resource Category Tonnes Density Grade Content
Cu Pb Ag Cu Pb Ag
Mt t/m3 % % ppm t t kg
Total Indicated 12.22 2.81 1.94 0.70 13.67 237,505 85,649 167,017
Total Inferred 1.91 2.87 2.19 1.79 6.13 41,738 34,209 11,699

Notes:

  1. The open pit Mineral Resource is limited at depth of 160 m for Kombat and 150 m for Gross Otavi with a CuEq cut-off of 0.65% for Kombat and 0.77% for Gross Otavi.
  2. The underground Mineral Resource is below the depth limit and is declared at a CuEq cut-off of 1.5%.
  3. The Mineral Resource has been depleted with historical mined voids.
  4. No additional geological losses have been applied.
  5. Mineral Resources are reported as total Mineral Resources and are not attributed.

Open Pit Mineral Resources as at 3 August 2021

Area Mineral Resource Category Tonnes Density Grade Content
Cu Pb Ag Cu Pb Ag
Mt t/m3 % % ppm t t kg
Kombat East Indicated 2.92 2.79 0.95 0.54 5.94 27,900 15,769 17,349
Kombat Central 2.36 2.78 1.05 0.21 6.59 24,798 4,924 15,543
Total Indicated 5.28 2.79 1.00 0.39 6.23 52,698 20,693 32,892
Otavi Inferred 0.64 2.84 0.93 2.50 0.85 6,006 16,053 546
Total Inferred 0.64 2.84 0.93 2.50 0.85 6,006 16,053 546

Notes:

  1. The open pit Mineral Resource is limited at depth of 160 m for Kombat and 150 m for Gross Otavi with a CuEq cut-off of 0.65% for Kombat and 0.77% for Gross Otavi.
  2. The Mineral Resource has been depleted with historical mined voids.
  3. No additional geological losses have been applied.
  4. Mineral Resources are reported as total Mineral Resources and are not attributed.

Underground Mineral Resources as at 3 August 2021

Area Mineral Resource Category Tonnes Density Grade Content
Cu Pb Ag Cu Pb Ag
Mt t/m3 % % ppm t t kg
Kombat East Indicated 0.10 2.83 1.69 1.55 11.50 1,667 1,526 1,133
Kombat Central 0.23 2.84 1.90 1.55 19.80 4,344 3,538 4,524
Kombat West 0.76 2.85 2.27 1.45 13.04 17,295 11,101 9,954
Asis West 5.53 2.83 2.79 0.87 20.78 154,337 48,224 114,823
Gap 0.32 2.79 2.25 0.18 11.58 7,164 568 3,691
Total Indicated 6.93 2.83 2.66 0.94 19.34 184,807 64,957 134,126
Kombat Central Inferred 0.01 2.88 2.02 2.74 0.01 187 254 0
Kombat West 0.13 3.68 5.01 10.53 0.06 6,371 13,389 8
Asis West 0.09 2.83 2.90 0.84 16.12 2,557 741 1,423
Gap 0.00 2.79 2.51 0.27 55.40 122 13 270
Asis Far West 1.04 2.80 2.55 0.36 9.11 26,495 3,758 9,452
Total Inferred 1.27 2.89 2.82 1.43 8.80 35,732 18,156 11,153

Notes:

  1. The underground Mineral Resource is below the depth limit and is declared at a CuEq cut-off of 1.5%.
  2. The Mineral Resource has been depleted with historical mined voids.
  3. No additional geological losses have been applied.
  4. Mineral Resources are reported as total Mineral Resources and are not attributed.

The above Mineral Resource estimate is the culmination of 18 months of work, first mapping historical drilling and historic mine production in three dimensions, and the re-logging and assaying of 50 years of stored drill core. Work was able to confirm historic assay results for copper, and assay silver for the first time, converting 86.5% of the global resource to Measured and Indicated confidence level of an NI 43-101 Mineral Resource estimate, which represents a robust open pit and underground Mineral Resource estimate that is projected to deliver more than 20 years at planned production levels.

The updated Mineral Resource has been prepared and classified by technical consultants 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. For further information with respect to the key assumptions, parameters, risks, the mineral resource estimate, data verification, quality assurance and quality control (“QA/QC”) and other technical information, please refer to the technical report.

The technical report titled “NI 43-101 Mineral Resource Report on the Kombat Project, Namibia” dated September 16, 2021, has been filed on the SEDAR website at www.sedar.com and on the Company website at www.trigonmetals.com .

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 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

This news release may contain forward-looking statements. These statements include statements regarding the Company’s Mineral Resources and Reserves, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Kombat operations, the Company’s ability to restart the Kombat operations, the Company’s ability to obtain adequate investment and other financing, 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, contact:
Jed Richardson
+1 647 276 6002
jed.richardson@trigonmetals.com
Website: www.trigonmetals.com

Click to open the NI 43-101 Mineral Resource Report on the Kombat Project, Namibia

Trigon Metals Provides Progress Update on the Restart of its Kombat Mine

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*Plan On Schedule And On Budget*

TORONTO, ON, July 26, 2021 – Trigon Metals Inc. (TSXV:TM) (“Trigon” or the “Company”) is pleased to provide an update on the progress of the various projects related to the restart of its Kombat Mine in Namibia, where open pit mining is planned to recommence in late 2021.

The Company is targeting initial production of 4,000t of copper in concentrate for the 2022 calendar year, by accessing ore from the open pit. Planned production is expected to increase to 14,500t of copper in concentrate in 2024, when higher grade underground ore will be accessed and the proposed upgrades to crushing and milling equipment are incorporated.

Onsite Activities

In May 2021, the Company announced the procurement of long lead items for the restart of the Kombat Mine, including an order to Xinhai (Yantai) Mining Engineering Co., Ltd for the procurement of new flotation cells. The manufacture of all long lead items is now well underway and shipping from China is anticipated during August 2021. Other long lead plant items have been ordered locally from Namibian and South African suppliers, and delivery of various key equipment items is planned for September and October 2021.

At the Kombat Mine, the preparation of the processing plant for the arrival of the new equipment is progressing well, with local contractors stripping old components from the plant and upgrading existing useable components and structures. The previously operational mine has significant office, workshop and other infrastructure already in place, this has been refurbished by local contractors. The use of this existing infrastructure has resulted in material cost savings for the Company in terms of its establishment capital.

Progress is also well underway on the construction of the new tailings storage facility (“TSF”), with the selected area having been cleared and now ready for next phase.

The Company has also made payment in full for the installation of a 2.5 MVA power supply to the mine and work on this installation will commence in due course.

Commenting, Jed Richardson, President and CEO of Trigon, said, “We are extremely pleased with the progress we have made at Kombat over the past few months. It has been exciting to see the site come alive with activity after many years on care and maintenance, and we are on track with both our timelines and budget as we target production by the end of this year. At current copper prices, the mine will create significant shareholder value; additionally, we are very positive about the long-term copper price and if it does continue to strengthen, the Kombat Mine provides strong leverage for long term gains for shareholders.”

Approximately 80 contractors are currently on site working on the plant, offices and TSF establishment.

Trigon has appointed a senior management team at Kombat in addition to other key positions required at this stage of the restart process, such as a Health and Safety officer. Further appointments will be made by both the Company and the mining contractor over the next few months as the Company advances towards production.

NI 43-101 Mineral Resource Estimate Update and Mining

In early 2021, subsequent to the update of the Kombat mineral resource estimate in September 2020, Trigon undertook a resampling program on core retained from historic drilling of the Kombat area. Results of this program are currently being analyzed and modelled by the Company’s technical consultants, Minxcon (Pty) Ltd, and the updated NI 43-101 compliant mineral resource estimate will be published once available. An updated feasibility study including a life of mine plan for the open pit will be undertaken once the updated Mineral Resource has been completed.

Open pit mining will be outsourced to a local contractor, and the Company is in final stages of contract negotiations with the selected contractor. Contractor equipment mobilization and site establishment is scheduled to start in August 2021.

Concentrate Purchaser Financing

The Company is in advanced stage discussions with a metal trading group for both a financing facility and concentrate offtake once the Kombat Mine is in production. Final terms are subject to due diligence and internal approvals by the metal trader and will be announced in due course.

About Kombat Mine

The Kombat Project is the flagship project of Trigon Metals Inc., with the Company’s mining and prospecting licence areas covering an area of more than 7,500 ha in the Otavi Mountainlands in Namibia. The Kombat Project is comprised of three mining licences, which produced approximately 12.46 million tonnes of copper between 1962 and 2008, at a grade of 2.62%. The other two mining licences are within close proximity to Kombat at Gross Otavi and Harasib, which are believed to be highly prospective for lead and zinc. In addition, the Company also holds an interest in two exclusive prospecting licences, which represent a potential strike extension of Kombat.

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.

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.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding the restart of the Kombat Mine, the Company’s strategies, and the Company’s abilities to execute such strategies, the Company’s ability to obtain adequate financing, the Company’s ability to build the requisite infrastructure at the Kombat Mine, the Company’s ability to obtain the requisite equipment, the Company’s expectations for the Kombat Project, and the Company’s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

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

Trigon Metals Receives Environmental Clearance Certificate Required to Restart Copper Mining Operations at the Kombat Mine, Namibia

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TORONTO, ON – July 22, 2021 – Trigon Metals Inc. (TSXV:TM) (“Trigon” or the “Company”) announces the renewal of its Environmental Clearance Certificate (“ECC”) for mining activities on its Namibian Mining Licences including; Gross Otavi, Asis (including the Kombat Central, Kombat West and Kombat East deposits), Asis Far West (including the Asis West, Asis Far West and Asis Gap deposits) and Asis Ost (“the Kombat Mine”, “Kombat” or the “Project”). A new ECC was also granted for Trigon’s recently awarded, Exclusive Prospecting Licence 7525 (see press release dated February 10, 2020) from the Namibian Government (Ministry of Environment and Tourism).

The renewal of the ECC for open pit mining was a pre-requisite for the Company to commence copper mining operations at the Kombat Mine, marking a significant step toward production as open pit mining is planned to commence by the end of 2021. The ECCs are valid for a 3-year period.

Jed Richardson, President and CEO of Trigon, stated, “The renewal of the ECC for the Kombat Mine marks a key milestone as we prepare to commence copper production by the end of the year. We are pleased to have full support of the Namibian mining sector as we push forward to realizing the potential of Kombat for our shareholders and the country alike.”

About the Kombat Mine

The Kombat Mine is the flagship copper project of Trigon Metals Inc., with the Company’s mining and prospecting licences covering an area in excess of 7,500 ha in the Otavi Mountainlands in Namibia. The Project is comprised of three mining licences, which produced approximately 12.46 million tonnes of copper between 1962 and 2008, at a grade of 2.62%. The other two mining licences are within close proximity to Kombat at Gross Otavi and Harasib, which are believed to be highly prospective for lead and zinc. In addition, the Company also holds an interest in two exclusive prospecting licences which represent a potential strike extension of Kombat.

The Project is situated in the Otjozondjupa Region, Namibia on the southern tip of the renowned Namibian Copper Triangle, an area associated historically and currently with high grade copper mineralization.

The Project consists of a previous operational mine that was placed on care and maintenance in 2008 due to the economic downturn at the time. The mine consists of three vertical shafts as well as ramp systems, a processing plant, siding and paved roads that have all been maintained in excellent condition during the care and maintenance period. Target metals are copper, lead and silver which occur mainly in sulphide minerals.

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 permits 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

This news release may contain forward-looking statements. These statements include statements regarding the ECCs, the recommencement of mining operations at the Kombat Mine, the Company’s ability to obtain adequate financing; the Company’s strategies, the Company’s abilities to execute such strategies, the Company’s expectations for Kombat Mine and the Silver Hill Project and the Company’s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

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, contact:

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

Trigon Metals Receives Definitive Approval for Mining Licence to Restart Copper Production at the Kombat Mine, Namibia

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TORONTO, ON, June 16, 2021 – Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) announces the renewal of its mining licence for the Kombat Mine (“Kombat” or “the Project”), a copper project comprised of five permits in Namibia. The Company holds an 80% interest in the Project, located in the Otavi Mountainlands, an area of Namibia particularly known for its high-grade copper deposits.

The renewal of the licence, issued for a 10-year period, allows for the restart of the Kombat Mine, where open pit mining is planned to commence by the end of 2021.

Jed Richardson, President and CEO of Trigon, stated, “The renewal of our licence at Kombat marks a key milestone as we prepare to commence copper production by the end of the year. With licences in hand, it is full speed ahead to become a revenue generating company, capable of funding further exploration of our significant land holdings in both Namibia and Morocco.”

About the Kombat Mine

The Kombat Mine is the flagship copper project of Trigon Metals Inc., with the Company’s mining and prospecting licences covering an area in excess of 7,500 ha in the Otavi Mountainlands in Namibia. The Project is comprised of three mining licences, which produced approximately 12.46 million tonnes of copper between 1962 and 2008, at a grade of 2.62%. The other two mining licences are within close proximity to Kombat at Gross Otavi and Harasib, which are believed to be highly prospective for lead and zinc. In addition, the Company also holds an interest in two exclusive prospecting licences which represent a potential strike extension of Kombat.

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 permits 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

This news release may contain forward-looking statements. These statements include statements regarding the extension of the mining licences, the recommencement of mining operations at the Kombat Mine, the Company’s ability to obtain adequate financing; the Company’s strategies, the Company’s abilities to execute such strategies, the Company’s expectations for Kombat Mine and the Silver Hill Project and the Company’s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

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, contact:

Jed Richardson
+1 647 749 0001
jed.richardson@trigonmetals.com

Website: www.trigonmetals.com

Trigon Metals: Copper Silver Mineralization Intensifies in Fourth Fence Drilled at Silver Hill, Morocco

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TORONTO, ON – June 14, 2021 – Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) announces assay results from holes S22 through S25. The holes complete the easternmost fence drilled to test the geometry and extent of the copper and silver mineralization at the Silver Hill project (“Silver Hill” or the “Project”) in Morocco. The results comprise the fourth of four fences drilled at the Project.

Each of the holes demonstrated strong copper and silver mineralization. Two of the four holes show 30 metres of continuous mineralization. This fence of holes was drilled at the eastern extent of the drilling of this campaign and suggests that mineralization is intensifying in this direction.

Highlights

  • Hole S23: 32 metres of 0.77% copper and 28.5 g/t silver including;
    • 11 metres @ 1.01% copper and 37 g/t silver; and,
    • 12 metres @ 0.96% copper and 41 g/t silver
  • Hole S24: 30 metres of 0.73% copper and 21 g/t silver, including;
    • 13 metres @ 0.91% copper and 39 g/t silver; and,
    • 5 metres @ 0.98% copper and 20 g/t silver

See Table 1 below for detailed assay results from holes S22 — S25.

The four fences of drilling cover a relatively shallow well-mineralized area of about 750 metres in length and 200 metres wide that appears to open to the east, west and north.

Jed Richardson, President and CEO of Trigon Metals, said, “These holes represent some of the strongest mineralization we have seen in the four fences drilled. Our high grade trench [13 metres 2.7% copper, 34.5 g/t silver and 82ppm cobalt (reported February 21,2021)] lies almost 2 km east of this last fence. Our work over the next months will be determining if the two zones form one continuous zone of mineralization, parallel structures or separate but related bodies.”

Diagram 1: Two-Dimensional Cross Section of Fence 4 Drilling and Location Map

 

Drill core was analyzed by AfriLab, an independent SGS accredited laboratory in Marrakech. The Company is pleased with its progress, as geologists are attaining a more comprehensive understanding of the nature and size of the mineralization at the Project.

Table 1: Continuous Sample Data from Fence 4

Drill No From To Ref Cu (%) Ag (g/t)
S22 40 41 221002 0.18 1.00
41 42 221003 0.16 1.00
42 43 221004 0.14 1.00
43 44 221005 0.05 1.00
44 45 221006 0.04 4.00
45 46 221007 0.17 4.00
46 47 221008 0.14 4.00
47 48 221009 0.11 4.00
48 49 221010 0.17 1.00
49 50 221011 0.3 4.00
50 51 221013 0.17 12.00
51 52 221014 0.41 18.00
52 53 221015 0.98 24.00
16 17 121201 0.06 1
17 18 121202 0.14 4
18 19 121203 0.11 4
19 20 121204 0.04 1
20 21 121205 0.06 4
21 22 121206 0.56 24
22 23 121207 0.67 24
23 24 121208 0.61 52
24 25 121210 0.68 48
25 26 121211 0.42 20
26 27 121212 1.00 36
27 28 121213 1.35 40
28 29 121214 1.91 60
29 30 121215 2.25 112
30 31 121216 0.91 36
31 32 121217 0.65 20
32 33 121218 0.58 24
33 34 121219 0.17 1
34 35 121221 0.69 1
35 36 121222 0.42 1
36 37 121223 0.39 1
37 38 121224 0.17 1
38 39 121225 0.01 1
39 40 121226 0.11 4
40 41 121227 0.08 1
41 42 121228 0.1 1
42 43 121229 1.34 48
43 44 121230 1.62 84
44 45 121232 1.41 52
45 46 121233 0.7 16
46 47 121234 0.64 24
47 48 121235 0.72 36
48 49 121236 0.9 32
49 50 121237 0.97 36
50 51 121238 1.77 36
51 52 221014 0.41 18
52 53 221015 0.98 24
S23 13 14 121198 0.13 1
14 15 121199 0.05 1
15 16 121200 0.12 1
16 17 121201 0.06 1
17 18 121202 0.14 4
18 19 121203 0.11 4
19 20 121204 0.04 1
20 21 121205 0.06 4
21 22 121206 0.56 24
22 23 121207 0.67 24
23 24 121208 0.61 52
24 25 121210 0.68 48
25 26 121211 0.42 20
26 27 121212 1.00 36
27 28 121213 1.35 40
28 29 121214 1.91 60
29 30 121215 2.25 112
30 31 121216 0.91 36
31 32 121217 0.65 20
32 33 121218 0.58 24
33 34 121219 0.17 1
34 35 121221 0.69 1
35 36 121222 0.42 1
36 37 121223 0.39 1
37 38 121224 0.17 1
38 39 121225 0.01 1
39 40 121226 0.11 4
40 41 121227 0.08 1
41 42 121228 0.1 1
42 43 121229 1.34 48
43 44 121230 1.62 84
44 45 121232 1.41 52
45 46 121233 0.7 16
46 47 121234 0.64 24
47 48 121235 0.72 36
48 49 121236 0.9 32
49 50 121237 0.97 36
50 51 121238 1.77 36
51 52 121239 0.39 8
52 53 121240 0.71 32
53 54 121241 0.29 16
54 55 121243 0.04 1
55 56 121244 0.13 1
56 57 121245 0.16 4
57 58 121246 0.45 8
58 59 121247 0.66 16
59 60 121248 0.41 4
60 61 121249 0.4 1
61 62 121250 0.58 1
62 63 121251 0.15 1
63 64 121252 0.21 1
64 65 121254 0.26 1
65 66 121255 0.14 1
66 67 121256 0.33 1
67 68 121257 0.05 1
68 69 121258 0.19 1
69 70 121259 0.35 1
70 71 121260 0.17 1
S24 79 80 121148 0.25 1
80 81 121149 1.7 16
81 82 121150 0.29 1
82 83 121151 0.68 12
83 84 121152 0.77 20
84 85 121153 1.46 52
85 86 121155 0.42 4
86 87 121156 0.02 1
87 88 121157 0.02 1
88 89 121158 0.22 1
89 90 121159 0.67 4
90 91 121160 0.24 1
91 92 121161 0.17 1
92 93 121162 0.14 1
93 94 121163 0.29 1
94 95 121164 0.09 1
95 96 121166 0.18 1
96 97 121167 0.11 1
97 98 121168 0.79 1
S25 38 39 121169 0.84 1
39 40 121170 0.15 1
40 41 121171 0.31 1
41 42 121172 0.3 1
42 43 121173 0.73 4
43 44 121174 0.58 4
44 45 121175 0.78 4
45 46 121177 1.21 4
46 47 121178 1.06 144
47 48 121179 0.74 28
48 49 121180 0.21 4
49 50 121181 0.04 1
50 51 121182 0.1 1
51 52 121183 0.11 1
52 53 121184 0.09 4
53 54 121185 0.14 4
54 55 121186 0.14 4
55 56 121188 0.01 1
56 57 121189 0.05 4
57 58 121190 0.03 1
58 59 121191 0.04 4
59 60 121192 0.14 4
60 61 121193 0.05 1
61 62 121194 0.07 1
62 63 121195 0.04 1
63 64 121196 0.01 1


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 Morocco and Namibia. In Morocco, the Company holds Silver Hill, a highly prospective copper and silver exploration project. Namibia is one of the world’s most prospective copper regions, where Trigon has substantial assets in place. 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.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding Silver Hill, current and future exploration programs, the mineralization at the Project, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Silver Hill and Kombat Projects, 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, contact:

Jed Richardson
+1 647-276-6001
jedr@trigonmetals.com

Website: www.trigonmetals.com

Trigon Metals Announces High Grade Copper Results From Drilling At Silver Hill, Morocco

by

TORONTO, ON – May 20, 2021 / Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) announces assay results from holes S16 through S21. The holes complete the westernmost fences drilled to test the geometry and extent of the mineralization at the Silver Hill project (“Silver Hill” or the “Project”) in Morocco. The results comprise the second and third of four fences drilled at the Project.

Each of the holes demonstrated strong copper and silver mineralization. The most significant of the results was hole S20 showing 31 metres of 0.74% copper and 23 g/t silver with higher grade intervals. The hole is drilled at the western extent of the drilling of this campaign and suggests that mineralization remains strong.

Highlights

  • Hole S16: 10 metres @ 0.98% copper and 20 g/t silver
  • Hole S17: 3 metre @ 1.41% copper
  • Hole S20: 31 metre @ 0.74% copper and 23 g/t silver including:
    • 8 metre @ 1.35% copper and;
    • 6 metre @ 1.23% copper and 75 g/t silver

See Figure 1 below for detailed assay results from holes S16 — S21

Jed Richardson, President and CEO of Trigon Metals, said, “Silver Hill continues to meet our highest expectations. The strength of these intercepts are particularly striking since they come at the western extent of our drilling. This firmly shows that the deposit remains open in all directions.”

Diagram 1: Two-Dimensional Cross Section of Fence 2 Drilling and Location Map

Diagram 2: Two-Dimensional Cross Section of Fence 3 Drilling and Location Map

Drill core was analyzed by AfriLab, an independent SGS accredited laboratory in Marrakech. Trigon has completed the drilling of an additional fence, the results of which will be reported in the coming weeks. The Company is pleased with its progress, as geologists are attaining a more comprehensive understanding of the nature and size of the mineralization at the Project.

Figure 1: Continuous Sample Data from Fence 2 and Fence 3

Drill N°
From
To
Ref
Cu (%)
Ag (g/t)
S16
24
25
121013
0.25
4
25
26
121014
1.7
4
26
27
121015
2.16
8
27
28
121016
0.69
4
28
29
121017
0.51
12
29
30
121018
0.51
32
30
31
121019
0.24
16
31
32
121020
0.37
16
32
33
121021
0.71
52
33
34
121023
1.22
24
34
35
121024
1.67
32
35
36
121025
0.35
12
36
37
121026
0.43
1
37
38
121027
0.19
1
38
39
121028
0.04
1
S17
39
40
121029
0.48
1
40
41
121030
3.52
1
41
42
121031
0.24
1
S18
57
58
121032
0.01
1
58
59
121034
0.01
1
59
60
121035
0.01
1
S19
7
8
121036
0.03
1
8
9
121037
0.22
1
9
10
121038
0.6
1
10
11
121039
0.5
1
11
12
121040
0.03
4
S20
7
8
121041
0.31
4
8
9
121042
0.3
4
9
10
121043
0.16
1
10
11
121045
0.21
1
11
12
121046
0.35
1
12
13
121047
0.82
1
13
14
121048
0.8
4
14
15
121049
0.51
4
15
16
121050
2.83
17
16
17
121051
2.84
34
17
18
121052
0.86
9
18
19
121053
1.35
4
19
20
121054
0.79
1
20
21
121056
0.44
1
21
22
121057
0.25
1
22
23
121058
0.46
1
23
24
121059
0.58
30
24
25
121060
0.22
1
25
26
121061
0.09
4
26
27
121062
0.05
4
27
28
121063
0.51
34
28
29
121064
0.25
9
29
30
121065
0.65
38
30
31
121067
0.38
13
31
32
121068
0.63
38
32
33
121069
0.51
43
33
34
121070
4.58
242
34
35
121071
0.66
77
35
36
121072
0.21
4
36
37
121073
0.08
4
37
38
121074
0.18
4
38
39
121075
0.14
9
39
40
121076
0.04
4
40
41
121078
0.11
4
41
42
121079
0.05
4
42
43
121080
1.31
68
43
44
121081
0.2
9
44
45
121082
0.01
4
7
8
121041
0.31
4
8
9
121042
0.3
4
9
10
121043
0.16
1
10
11
121045
0.21
1
11
12
121046
0.35
1
12
13
121047
0.82
1
13
14
121048
0.8
4
14
15
121049
0.51
4
15
16
121050
2.83
17
16
17
121051
2.84
34
17
18
121052
0.86
9
18
19
121053
1.35
4
19
20
121054
0.79
1
20
21
121056
0.44
1
21
22
121057
0.25
1
22
23
121058
0.46
1
23
24
121059
0.58
30
24
25
121060
0.22
1
25
26
121061
0.09
4
26
27
121062
0.05
4
27
28
121063
0.51
34
28
29
121064
0.25
9
29
30
121065
0.65
38
30
31
121067
0.38
13
31
32
121068
0.63
38
32
33
121069
0.51
43
33
34
121070
4.58
242
34
35
121071
0.66
77
35
36
121072
0.21
4
36
37
121073
0.08
4
37
38
121074
0.18
4
38
39
121075
0.14
9
39
40
121076
0.04
4
40
41
121078
0.11
4
41
42
121079
0.05
4
42
43
121080
1.31
68
43
44
121081
0.2
9
44
45
121082
0.01
4
S21
45
46
121083
0.01
4
46
47
121084
0.01
4
47
48
121085
0.01
4


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 Morocco and Namibia. The Company recently finalized the acquisition of the Silver Hill project, a highly prospective copper and silver exploration project in Morocco. Namibia is one of the world’s most prospective copper regions, where Trigon has substantial assets in place. 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.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding the Silver Hill Project, current and future exploration programs, the mineralization at the Project, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Silver Hill and Kombat Projects, 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, contact:

Jed Richardson
+1 647-276-6001
jedr@trigonmetals.com
Website: www.trigonmetals.com