Triumph Gold Updates Shareholders on Operations, Engages Market Maker, and Grants Options

• Reviews 2025 exploration strategy across Freegold Mountain and Andalusite Peak
• Advances acquisition strategy targeting high-grade silver assets
• Engages Independent Trading Group to improve trading liquidity

Vancouver, British Columbia--(Newsfile Corp. - May 9, 2025) - Triumph Gold Corp. (TSXV: TIG) (OTC Pink: TIGCF) (FSE: 8N61) is pleased to provide an operational update as it enters 2025 with a refined exploration focus, strategic growth objectives, and a commitment to responsible development. The Company also announced it has engaged a market maker and granted incentive stock options.

Leadership and Direction

Triumph Gold continues under the leadership of John Anderson, Chairman and Interim Chief Executive Officer. With over 25 years of experience in the capital markets and resource sectors, Anderson has guided the Company since its early days as Northern Freegold.

"We've taken meaningful steps to streamline operations and position the Company for disciplined growth," said Anderson. "With strong core assets, a focused strategy, and improving market conditions for gold and copper, Triumph prepares to enter the second quarter of 2025 ready to pursue opportunities that create long-term value".

Key Assets and Positioning

Freegold Mountain Project

Located in Yukon, the flagship Freegold Mountain Project hosts over 2 million gold equivalent ounces across three mineralized zones, as defined in a 2020 NI 43-101 resource estimate. These deposits provide exposure to high-grade gold, copper, molybdenum, and tungsten at a time of increasing demand for critical minerals.

Andalusite Peak Property

Triumph's Andalusite Peak copper-gold project is located in British Columbia's Golden Horseshoe region, in proximity to major porphyry systems such as Saddle North and Red Chris. The Company plans to advance exploration in 2025 through geochemical surveys and mapping.

Favourable Jurisdictions
All assets are situated in well-established, mining-friendly regions of Yukon and British Columbia, offering stable permitting frameworks and access to infrastructure.

2025 Growth Strategy

Triumph Gold's 2025 strategy centers on project advancement, portfolio expansion, and disciplined exploration:

• Strategic Acquisitions
  The Company is evaluating potential acquisitions of high-quality silver projects to complement and diversify its current asset base.

• Advancing Andalusite Peak