Vancouver - Triumph Gold Corp. (TSX-V: TIG | OTCMKTS: TIGCF | Frankfurt: 8N61) ('Triumph Gold' or 'the Company') is pleased to announce results from 896.72 metres of diamond drilling in 3 holes from the Blue Sky Zone ('BSZ') within the Revenue Deposit at the Freegold Mountain Project, highlighted by 106.50 metres ('m') of 0.76 grams per ton gold equivalent1 ('AuEq') in RVD21-05.

The Blue Sky Zone is defined by 12 drill holes: three holes from the 2021 program and nine historical holes. The Blue Sky Zone is a NE-striking, near vertical body of Au-Cu-Ag-Mo mineralization that remains open at depth. The Revenue Deposit is made up of the Blue Sky Zone, WAu Zone, and zones of Cu-Mo-Au porphyry-style mineralization.

The Blue Sky Zone has been expanded 100 metres westwards and towards the surface with a modeled strike length of 210 metres. The zone has an average width of 70 metres and a depth of 480 metres below surface. The 2021 drilling program expanded both the Blue Sky Zone and the WAu Zone and reduced the gap between the two zones to 65 metres.

46% of the 6,615 metres of the 2021 diamond drilling program have been reported to date (PR#21-11). Further updates will be provided when the results for the remainder of the 2021 exploration program are received and interpreted from the Nucleus Deposit, Big Creek South Fault Zone, the Orbit Zone, and regional exploration activities.

Detailed Interpretation and Geology

RVD21-05 intercepted the Blue Sky Zone and returned 106.50 metres of 0.76 g/t AuEq from 120.00 metres. This intercept is located 60 metres southwest of RVD18-16, which had an intercept of 110.42 metres grading 1.86 g/t AuEq (PR#1 8-08). The 2021 program expanded the Blue Sky Zone 100 metres westwards and towards the surface. The updated expression of the Blue Sky Zone is now modeled to be 65 metres from the WAu Zone, suggesting the two zones may be linked in a NE orientation.

About Triumph Gold Corp.

Triumph Gold Corp. is a Canadian based, growth-oriented exploration and development company with a district scale land package in mining friendly Yukon. The Company's 100% owned, road accessible, flagship Freegold Mountain Project in the Dawson Range Au-Cu Belt is host to three NI 43-101 Mineral Deposits (Nucleus, Revenue, and Tinta Hill). The Project is 200 square kilometres and covers an extensive section of the Big Creek Fault Zone, a structure directly related to epithermal gold and silver mineralization as well as gold-rich porphyry copper mineralization.

Led by an experienced management and technical team, Triumph Gold is focused on actively advancing the Freegold Mountain Project using multidiscipline exploration and evaluation techniques.

The Company owns 100% of the Big Creek and Tad/Toro copper-gold properties situated along strike of the Freegold Mountain Project within the Dawson Range.

The Company also owns 100% of the Andalusite Peak copper-gold property, situated 36 km southeast of Dease Lake within the Stikine Range in British Columbia.

Contact:

John Anderson

Tel: (604) 218-7400

Email: janderson@triumphgoldcorp.com

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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