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

Trigon Metals

Building A Mid-Tier African Copper Producer

2021

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

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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

 

Copper Production Planned for 2021 Year-End at Kombat Mine in Namibia

by

TORONTO, ON – May 6, 2021 – Trigon Metals Inc. (TSXV:TM) (“Trigon” or the “Company”) announced today that procurement activities of long lead items are currently underway for the restart of Kombat Mine (the “Project”). The Company anticipates production to resume by the end of 2021.

Management anticipates initial production at Kombat will be 6,000t of copper in concentrate for calendar year 2022, with initial mining beginning late 2021 accessing ore from open pit sources. Planned production will increase to 16,500t of copper in concentrate in 2024, when higher grade underground ore begins to be recovered and as planned upgrades to crushing and milling are incorporated.

Commenting, Jed Richardson, President & CEO, “The order of long lead time items marks a point of no return in the restart process. Given the response from debt finance and the strength of the copper price, we are confidently moving forward with our production plans. We are targeting first concentrates to be shipped before year-end 2021 and positive cash flow in 2022.”

The Company has completed an order to Xinhai (Yantai) Mining Engineering Co., Ltd (“Xinhai”), for the procurement of new flotation cells to replace those in the original mill. The equipment utilizes high functioning, top quality technology. Going forward, the ongoing partnership between Trigon and Xinhai will centre on its role as an equipment supplier. Trigon will not pursue a financing arrangement with Xinhai or utilize any Chinese export credit facilities at this stage, and will instead aim to secure purchaser debt finance for the restart with the help of concentrate off takers.

According to the Company’s 2018 Feasibility Study for the Kombat open pit restart, the upfront capital cost for the Project, which includes the costs of refurbishment of the processing plant, installation of power infrastructure and mobilization of the mining contractor (including appropriate contingencies on all capital costs) is USD6.4 million. At present, approximately 40% of that figure has been spent, and the Company has realized some material cost savings. While much of the equipment from the old plant is in good working order, the Company has secured spares at low cost from other operations in Namibia.

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 restart of Kombat Mine, the timing of the restart of the Project, the expected costs of restarting the Project, the Company’s ability to finance the Project, future exploration programs, the potential mineral production and throughput of the Project; the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Kombat Project, 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 Reports High Copper and Silver Grades in Four-Hole Fence Showing Continuity of Silver Hill Mineralization in Morocco

by

TORONTO, ON / April 5, 2021 / Trigon Metals Inc. (TSX-V:TM) (“Trigon” or the “Company”) announced assay results from holes S13, S14, S15 and S27. The holes are comprised of a 150m wide four-hole fence of drilling to test the geometry and extent of the mineralization at the Silver Hill project in Morocco.

Each of the holes demonstrated strong copper and silver mineralization. The most significant of the results was hole S27, a vertical hole drilled at the end of the program. The hole was prioritized after new insights on the geometry of the system were made with the completion of the trench reported on February 24, 2021.

Highlights

  • Hole S27: 5 metres @ 1.4% copper and 33.6 g/t silver, from 21 metres depth, plus 3 metres @ 0.61% copper and 40 g/t silver.
  • Hole S13: (previously reported January 12, 2021) 8 metre @ 1.8% copper and 121 g/t silver from 32.5 metre depth. Assay results included a 0.5 m interval of 14.87% copper, 1000 g/t silver and 173 ppm cobalt.
  • Hole S14: 2 metres @ 1.27% copper and 5 g/t silver, from 63 metre depth.

The fence of drilling shows that while Mineralization in the earlier angled holes was concentrated adjacent to the contact between the lower sandstone and upper schist, however, the vertical hole, drilled entirely in sandstone, is very well mineralized and the mineralization remains open to the north. This observation appears to corroborate mineralization recognized in trenches 1.5 km away. Please see Figures 1 – 4 below for detailed assay results from holes S13, S14, S15 and S27.

Diagram 1: Two-Dimensional Cross Section of Fence Drilling

Trigon Metals, Inc., Monday, April 5, 2021, Press release picture

Drill core was analyzed by AfriLab, an SGS accredited laboratory in Marrakech.Trigon has completed the drilling of three additional fences, 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.

Map 1: Four-Hole Fence in Relation to Other Drill Work at Silver HillJunior Mining Network

Jed Richardson, President and CEO of Trigon Metals, said, “These results have supported our high expectations at Silver Hill which is becoming the exploration focus of the Company to complement our production path at the Kombat Mine in Namibia. Trigon’s aim is to take advantage of what we believe to be sustainable higher copper prices by expediting production at Kombat that will generate cash flow to fund development of our portfolio of highly prospective high impact copper projects.”

Continuous Sample Data from Fence

Figure 1: Drill No S13

Drill N°

From

To

Ref

Cu (%)

Ag (g/t)

S13

 27 27.5

13002

0.19

2
27.5 28

13003

0.25

2
28 28.5

13004

0.18

2
28.5 29

13005

0.15

2
29 29.5

13006

0.31

4
29.5 30

13007

0.44

4
30 30.5

13008

0.46

4
30.5 31

13009

0.50

8
31 31.5

13010

0.47

8
31.5 32

13011

0.44

16
32 32.5

13013

0.30

4
32.5 33

13014

0.98

44
33 33.5

13015

0.95

56
33.5 34

13016

0.81

32
34 34.5

13017

14.87

1000
34.5 35

13018

2.08

128
35 35.5

13019

0.26

24
35.5 36

13020

0.60

40
36 36.5

13021

0.32

20
36.5 37

13022

0.92

72
37 37.5

13024

0.26

16
37.5 38

13025

0.22

12
38 38.5

13026

0.23

16
38.5 39

13027

1.14

91
39 39.5

13028

2.74

184
39.5 40

13029

1.56

176
40 40.5

13030

0.48

28
40.5 41

13031

0.21

4
41 41.5

13032

0.63

20
41.5 42

13033

0.39

12
42 42.5

13035

0.18

4
42.5 43

13036

0.01

4
43 43.5

13037

0.07

2
43.5 44

13038

0.02

2
44 44.5

13039

0.55

20
44.5 45

13040

0.05

3
45 45.5

13041

0.06

4
45.5 46

13042

0.16

8
46 46.5

13043

0.76

36
46.5 47

13044

0.35

28
47 47.5

13046

0.19

4
47.5 48

13047

0.34

8
48 48.5

13048

0.32

12
48.5 49

13049

0.38

16
49 49.5

13050

0.35

20
49.5 50

13051

0.78

24
50 50.5

13052

0.3

4
50.5 51

13053

0.37

12
51 51.5

13054

0.48

16
51.5 52

13055

0.25

12
52 52.5

13057

0.31

12
52.5 53

13058

0.23

8
53 53.5

13059

0.45

16
53.5 54

13060

0.08

3
54 54.5

13061

0.17

2
54.5 55

13062

0.14

2
55 55.5

13063

0.69

3
55.5 56

13064

1.20

4
56 56.5

13065

0.41

3
56.5 57

13066

0.16

2
57 57.5

13068

0.13

1
57.5 58

13069

0.16

1
58 58.5

13070

0.42

4
58.5 59

13071

0.09

1
59 59.5

13072

0.06

1
59.5 60

13073

0.36

2
60 60.5

13074

0.07

1
60.5 61

13075

0.06

1
61 61.5

13076

0.15

2
61.5 62

13077

0.44

3
62 62.5

13079

0.32

3
62.5 63

13080

0.75

3
63 63.5

13081

1.33

4
63.5 64

13082

0.46

3
64 64.5

13083

0.24

2
64.5 65

13084

0.13

2
65 65.5

13085

0.01

1
65.5 66

13086

0.20

1

Figure 2: Drill No S14

Drill N°

From

To

Ref

Cu (%)

Ag (g/t)

S14

 62.5 63

14002

0.04

4
63 63.5

14003

0.17

3
63.5 64

14004

4.22

10
64 64.5

14005

0.15

4
64.5 65

14007

0.55

4
65 65.5

14008

0.02

3
65.5 66

14009

0.01

3
66 66.5

14010

0.01

4
66.5 67

14012

0.02

2
67 67.5

14013

0.03

2
67.5 68

14014

0.02

2
68 68.5

14015

0.05

2
68.5 69

14017

0.04

4
69 69.5

14018

0.05

2
69.5 70

14019

0.05

2
70 70.5

14020

0.15

3
70.5 71

14022

0.05

2
71 71.5

14023

0.06

2
71.5 72

14024

0.11

3

Figure 3: Drill No S15

Drill N°

From

To

Ref

Cu (%)

Ag (g/t)

S15

 18 19

121002

0.01

1
19 20

121003

0.02

1
20 21

121004

0.03

1
21 22

121005

0.19

1
22 23

121006

0.11

1
23 24

121007

0.16

1
24 25

121008

0.14

1
25 26

121009

0.08

1
26 27

121010

0.13

1
27 28

121011

0.07

1

Figure 4: Drill No S27

Drill N°

From

To

Ref

Cu (%)

Ag (g/t)

S27

21

22

221025

0.01

1.00

22

23

221026

0.15

1.00

23

24

221027

0.3

12.00

24

25

221028

0.57

12.00

25

26

221029

0.83

12.00

26

27

221030

1.87

56.00

27

28

221031

1.3

80.00

28

29

221032

0.62

8.00

29

30

221033

0.19

4.00

30

31

221034

0.03

4.00

31

32

221036

0.03

4.00

32

33

221037

0.04

4.00

33

34

221038

0.47

20.00

34

35

221039

0.44

32.00

35

36

221040

0.91

68.00

36

37

221041

0.31

4.00

37

38

221042

0.15

4.00

38

39

221043

0.35

4.00

39

40

221044

0.15

4.00

40

41

221045

0.76

4.00

41

42

221047

0.76

4.00

42

43

221048

0.56

1.00

43

44

221049

0.66

1.00

44

45

221050

0.25

4.00

45

46

221051

1.1

36.00

46

47

221052

0.33

4.00

47

48

221053

0.01

1.00

48

49

221054

0.01

1.00

49

50

221055

0.01

1.00

50

51

221056

0.92

1.00

87

88

221057

0.8

1.00

88

89

221058

0.11

1.00

89

90

221059

0.02

1.00

90

91

221060

0.11

1.00

91

92

221061

0.02

1.00

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, 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 ongoing exploration program, future exploration programs, the potential mineralization of the Silver Hill project; the Company’s drill program and the results thereof, the Company’s ability to restart production at the Kombat project, the Company’s strategies and the Company’s abilities to execute such strategies, the price of copper, the Company’s expectations for the Silver Hill project and the Kombat project, 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