Trigon Metals Achieves Commercial Production Milestone at Kombat Mine

Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) is pleased to announce a significant milestone as achieved commercial production as of October 11, 2023, at its Kombat Mine in Namibia. This achievement marks a major step forward in Trigon’s journey towards becoming a leading mid-tier copper producer.

Commercial production status is defined as operating at 70% of production capacity over a period of 30 consecutive days. This is a testament to the dedication and hard work of the entire team and represents a track record of steadfast commitment to achieving operational targets and managing costs effectively. Achieving this milestone marks a pivotal moment in the growth of the Company, enhancing the economic viability of the Kombat Mine.

Commercial production status has been achieved swiftly in accordance with Company targets. The mill started producing concentrate on August 3^rd of this year (see press release dated August 10, 2023). The Company proceeded to operate for its first full day of production on August 21, 2023 (see press release dated August 24, 2023) and ramped up quickly to commercial levels. Over the past 30 days, the mill has operated at 77.8% of capacity with average recoveries of 86% Cu, producing 650 tonnes of concentrate and Trigon’s concentrate product is being shipped to port daily.

Namibian Investor and Local Partner Knowledge Katti, expressed his congratulations, saying, "The Kombat mine is a very important project for Namibia, especially the children from the Kombat community. Trigon will deliver sustainable benefits for years to come, including 500 direct jobs already in place. The supporting shareholders are all working together as a partnership to deliver positive outcomes for all our stakeholders. This milestone is a testament to the strength of our 500-person workforce and the cooperation of the local communities.”

Fanie Muller, Vice President of Operations at Trigon Metals, said, "This achievement is a testament to the relentless efforts and dedication of our team members. I am incredibly proud of our staff for their hard work and commitment during the commissioning phase. We will take a moment to enjoy this significant milestone, and at the same time gear up for the next growth phases of the Kombat Mine which include the restart of the underground operations and the mill expansion project.”