Trigon Metals Reports Exceptional October Production from Kombat Mine, Namibia

Trigon Metals Inc. (TSX-V: TM; OTCQB: PNZTF) ("Trigon" or the "Company") provides the following operational update from the Kombat Copper Mine in Namibia. The operation produced 901 concentrate tonnes in the month of October at a grade of 29.2% copper and 241 g/t silver.

Commenting, Jed Richardson, Trigon’s CEO and President, said, “In a month that saw the plant reach commercial production and our first concentrate sales, concentrate production topped expectations. We are on track to record an operating profit on October’s production and are very pleased with the efforts of the team and the performance of the mine and mill.”

Table 1: Production Statistics October 2023

Mill Throughput (t)						28,771
Concentrate Grade (Cu %)						29.2%
Concentrate Produced (t)						901
Copper Recovery (%)						88%
Silver Grade in Concentrate (g/t)						241

Stockpiles on the run-of-mine pad now total 27,000 tonnes of ore averaging close to 1.2% Cu, providing approximately one month's supply of ore feed.

Qualified Person

The technical information in this press release has been reviewed and approved for disclosure by Fanie Müller, P.Eng, VP Operations of Trigon, who is a Qualified Person as defined by NI 43-101.

Investor Relations Webinar

Trigon will be participating in an informational webinar hosted by Focus Communications on Tuesday, November 7, 2023, at 10:00 AM PST/1:00 PM EST. Trigon welcomes stakeholders, investors, and other individual followers to register and attend this live event.

The presentation will feature Jed Richardson, Chief Executive Officer & President and Aidan Sullivan, Vice-President, Investor Relations. Topics to be covered will include the latest investor presentation followed by a live Q&A. Investors interested in participating in this event will need to register using the link below. As a reminder, registration for the live event may be limited, but access to the replay after the event will be on The Company’s Investor website.