Pacton Receives Final Order Approving Plan of Arrangement with Trillium Gold Mines Inc.

VANCOUVER, BC / ACCESSWIRE / June 8, 2023 / Trillium Gold Mines Inc. (TSXV:TGM)(FRA:0702) ("Trillium") and Pacton Gold Inc. (TSXV:PAC)(OTC PINK:PACXF)(FSE:2NKM) ("Pacton" and together with Trillium, the "Parties"). Further to the news releases dated March 16, 2023 and June 2, 2023, the Parties are pleased to announce the Supreme Court of British Columbia has issued a final order approving the previously announced plan of arrangement (the "Arrangement") under section 288 of the Business Corporations Act (British Columbia).

The Parties intend to work expeditiously toward the closing of the Arrangement by mid-June. For a more detailed description of the Arrangement, please refer to the Pacton's management information circular dated May 2, 2023.

About Pacton Gold Inc.
Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high-grade mineral resource properties in Ontario, Canada. The Company also owns a strategic portfolio of prospective projects in Western Australia.

Visit Pacton's website at www.pactongold.com.

About Trillium Gold Mines Inc.
Trillium Gold Mines Inc. is a growth focused company engaged in the business of acquisition, exploration and development of mineral properties located in the Red Lake Mining District of Northern Ontario. As part of its regional-scale consolidation strategy, the Company has assembled one of the largest prospective land packages in and around the Red Lake mining district in proximity to major mines and deposits, as well as along the Confederation Lake and Birch-Uchi greenstone belts. The Company recently closed acquisitions effectively extending its contiguous land position over more than 100 km of favourable structures on trend with Kinross Gold's Great Bear Project and Evolution Mining's Red Lake Operation. In addition, the Company has interests in highly prospective properties in Larder Lake and Shining Tree, Ontario.

Visit Trillium's website at www.trilliumgold.com.

For further information, please contact

Trillium Gold Inc. Russell Starr President, CEO and Director Donna Yoshimatsu VP Corporate Development and Investor Relations Tel: [phone] Email:[e-mail] or [e-mail] Website: www.trilliumgold.com

Pacton Gold Inc.