TORONTO - Trigon Metals Inc. (TSX-V: TM, OTCQB: PNZTF) ('Trigon' or the 'Company') is pleased to announce that it has filed on SEDAR+ an independent Technical Report ('the Technical Report') prepared by SRK Consulting South Africa (Pty) Ltd ('SRK') in accordance with Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects ('NI 43-101') for its Kombat mine in Namibia.

The Technical Report titled 'Independent Technical Report for Kombat's Asis West Mine, Namibia' is dated March 15, 2024 with an effective date of February 29, 2024, and supports the disclosure made by the Company in its press release dated March 4, 2024 announcing the positive feasibility study for its Kombat Asis West underground mine and updated mineral resources and reserves estimates.

The Technical Report can be found under the Company's profile on SEDAR+ (www.sedarplus.ca) and on the Company's website (www.trigonmetals.com).

Mineral Resources and Mineral Reserve Estimates

Mineral Resources

The Mineral Resource estimate presented represents the third Mineral Resource estimate prepared for the Kombat Mine project in accordance with NI 43-101 by Minxcon (Pty) Ltd (an independent consulting company) commissioned by Trigon to undertake this work. The Mineral Resources have been independently reviewed by SRK and reported using updated techno-economic factors.

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 Kombat Mine, the mineralization of the Kombat Mine, the timing and results of economic studies including the feasibility study, the economic viability of the Kombat Mine, mineral resources and mineral reserves estimates, ability to realize on projected economic estimates, timing of receipts of permits and approvals, future exploration and development plans and results 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.

Contact:

Jed Richardson

Tel: +1 647 276 6002

Email: jed.richardson@trigonmetals.com

Web: www.trigonmetals.com

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