Trigon Metals Achieves Commercial Production from the Underground at Kombat Mine, Namibia

Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) (“Trigon” or the “Company”) is pleased to announce a significant milestone having achieved commercial production from the underground operations at its Kombat Mine in Namibia, as of April 30, 2024. This achievement marks a major step forward in Trigon’s path to becoming a leading mid-tier copper producer.

Trigon defines commercial production status as operating at 70% of production capacity over 30 consecutive days. After restarting mining operations from the open pit in May 2023, the Company commenced production from underground ahead of schedule, having announced underground training and the first blast on February 5, 2024. The build-up to commercial production levels has gone smoothly and exceeded Trigon management’s expectations.

Rennie Morkel, President and Chief Operating Officer, commented, “Congratulations to our homegrown owner operated underground mining teams. Re-asserting Kombat as an underground copper producing mine is a tremendous achievement for the operation, the company and our community. Going forward we will look for opportunities to grow production from underground, which in turn should increase our copper production and our profitability. My sincerest appreciation to the entire Kombat team, under the guidance of our VP Operations Fanie Muller, for their tireless efforts in achieving this important milestone for the future of Kombat.”

Commenting, Jed Richardson, CEO & Executive Chairman, said, “Increased grade from underground has profoundly impacted our metal production, making each tonne more profitable. It has improved recovery in the mill and increased the grade of the concentrate. The Kombat mine has been primarily an underground mine through its 45-year history. Our experience is now showing us why.”

Underground production has resulted in an increase in the Company’s metal output, owing to the higher grade of ore retrieved from the underground. As more high-grade ore tonnes from underground displace lower-grade open pit ore, copper production increases which is expected to translate into lower operating costs.

Table 1: Kombat Mine Production Data (January – April 2024)

Description	January	February	March	April
Open Pit Ore Mined