Trifecta Gold Ltd. (TSX-V: TG) ('Trifecta' or the 'Company') is pleased to announce complete drill results from its 100% held, road accessible Yuge Gold Project, located in Humboldt County, Nevada.

In early 2022, Trifecta completed 7 reverse circulation ('RC') drill holes totalling 826.0 metres at Yuge, with 4 holes targeting the Columbia Zone and 3 holes targeting the Juanita Zone.

Columbia Zone

Drilling at Columbia Zone was designed to expand upon mineralization intersected in YU-21-02, which returned 2.27 g/t gold over 38.1 m including 2.89 g/t gold over 9.14 m from 79.25 m and 3.63 g/t over 15.24 m from 94.49 m as announced March 18, 2021. RC holes YU-22-08 to -11 targeted piercement separations of 40-50 metres on the plane of the mineralized structure. Highlights from 2022 drill holes include: 3.03 g/t gold over 25.91 m from 79.25 m downhole (including 13.57 g/t gold over 4.57 m) in hole YU-22-09, 0.86 g/t gold over 9.14 m from 53.34 m downhole (including 3.73 g/t gold over 1.52 m) in hole YU-22-10, 4.2 g/t gold over 10.67 m from 77.72 m downhole (including 13.26 g/t gold over 3.05 m) in hole YU-22-11, previously released and, 11.96 g/t gold over 3.05 m from 105.16 m downhole also in hole YU-22-11 previously released.

These results further confirm that a broad envelope of gold mineralization flanks the high-grade vein identified by historical miners at Columbia and that a second high-grade vein parallels the historical structure.

Trifecta's road accessible Yuge Gold Project covers two historical, small-scale mines and multiple high grade gold showings, within the Pearl Canyon shear zone. Gold on the property occurs in mesothermal quartz veins and adjacent wall rocks. Historical mining was limited to near surface mineralization (< 30 metre depth) where documented run-of-mine sorted ore assayed greater than 34 g/t gold and reported sampling of a crown pillar returned 16.8 g/t gold over 2.4 m, including 50.7 g/t gold over 0.6 m (Columbia Zone). Based on the deposit model, previous drilling and widespread surface gold mineralization, Trifecta feels there is a high probability that Yuge hosts significant gold resources.

All analyses were performed by ALS Minerals in Vancouver, British Columbia. All samples were routinely analyzed for gold by a 50 g fire assay followed by atomic absorption (Au-AA24 or Au-AA26) and 48 elements by inductively coupled plasma-mass spectrometry (ME-MS61).

About Trifecta Gold Ltd.

Trifecta is a Canadian-based precious metals exploration company dedicated to increasing shareholder value through the discovery and development of 100% held gold projects in Yukon and Nevada. Initial drilling at its Yuge Gold Project, located in northern Nevada, has identified multiple broad zones of gold mineralization near historical high-grade mines. The Company's Eureka Project hosts an 8 x 2.5 kilometre belt of surface showings and anomalous gold-in-soil that straddle the headwaters of two of the most productive placer creeks in Yukon's southern Klondike Goldfields.

Contact:

Richard Drechsler

Tel: (604) 687-2522

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

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