Trifecta Gold Ltd. Updates Closing of Private Placement

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

VANCOUVER, BC / ACCESSWIRE / July 8, 2024 / Trifecta Gold Ltd. (TSX-V:TG)(OTCQB:TRRFF) ("Trifecta" or the "Company") provides the following update to its June 28, 2024 news release which disclosed the closing of the non-brokered private placement announced May 30, 2024. In that regard, Trifecta paid an additional cash finder's fee of $9,000 to Haywood Securities Inc. ("Haywood"), and issued 60,000 finder warrants to Haywood, each of which is exercisable into one common share of Trifecta until June 28, 2025 at an exercise price of $0.25 per finder warrant. As a result, Trifecta paid cash finders' fees totalling $19,665 and issued a total of 126,000 finder warrants to Ventum Financial Corp., Canaccord Genuity Corp., Leede Financial Inc. and Haywood Securities Inc. in connection with this private placement, which consisted of the sale of 9,859,934 units at a price of $0.15 per unit, for total subscription proceeds of $1,478,990.

Further to its June 24, 2024 news release, Trifecta also announces that it has applied for final acceptance from the TSX Venture Exchange for its agreement with Strategic Metals Ltd. pursuant to which Trifecta has the right to acquire up to 100% of Mt. Hinton and ten other highly prospective, intrusion-related gold projects located in Yukon's Tombstone Gold Belt, as originally announced on March 1, 2024. Further in that regard will be disseminated in due course.

About Trifecta Gold Ltd.

Trifecta is a Canadian-based precious metals exploration company dedicated to increasing shareholder value through the discovery and development of 100% held gold projects in Yukon and Nevada. Initial drilling at its Yuge Gold Project, located in northern Nevada, has identified multiple broad zones of gold mineralization near historical high-grade mines. The Company's Eureka Project hosts an 8 x 2.5 kilometre belt of surface showings and anomalous gold-in-soil that straddle the headwaters of two of the most productive placer creeks in Yukon's southern Klondike Goldfields. The Company's Treble Project covers a large hydrothermal system, located midway between Western Copper and Gold Corporation's Casino Deposit, the largest copper and gold deposit in the Yukon, and Rockhaven Resources Ltd.'s Klaza Deposit, a high-grade gold-silver deposit.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for the sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

ON BEHALF OF THE BOARD

"Richard Drechsler"
President and CEO

For further information concerning Trifecta or its various exploration projects please visit www.trifectagold.com or contact:

Corporate Information
Trifecta Gold Ltd.
Richard Drechsler
President and CEO
Tel: (604) 687-2522

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE: Trifecta Gold Ltd.