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Trigon Metals Reports Results from the Drilling of New Mineralization Targets at Kombat Mine

Trigon Metals Inc. ("Trigon" or the "Company") announces results from the drilling of new mineralization targets at its Kombat Mine in Namibia (the "Project"). These results are from the East 400 area, 150 metres east of the Kavango Pit, discussed in recent press releases (August 4, September 15, and November 9, 2022), extending the Kombat trend mineralization.

Highlights of the Drill Results

Hole 2A (181 azimuth, -71.8 dip)

- 8 m at 1.10% copper 94-102m

Hole 2B (172.7 azimuth, -58.8 dip)

- 9 m at 0.9% copper 9-18 m and,
- 11 m at 0.9% copper 68-79 m

Hole 4A (184 azimuth, -43.2 dip)

- 5 m at 3.98% copper and 8.7 g/t silver 44-49 m

Hole 4B (172 azimuth, -49.4 dip)

- 17 m at 1.0% copper and 15.50 g/t silver 0-17 m

The holes reported are from drilling testing gaps in the known mineralization previously thought to be barren. Holes 2A, 2B, 4A and 4B are verification holes testing continuity between areas previously drilled. The results are some of the longest intercepts drilled from surface and with both sulfide and oxide mineralization.

Jed Richardson, Trigon's President and CEO, commented, "Surface drilling continues for the Kombat open pit, we continue to be pleased with grades and the length of the intercepts in this area of our planned pit. We have completed all of the targeted holes for the mine plan for open pit restart scheduled to commence next quarter. We will announce the additional holes as those results become available. The final data is being collected and work has commenced on the mine plan, however, exploration drilling will continue as drills move to test new areas at surface."

The assays have been prepared and classified by Trigon Mining (Namibia)(Pty) Ltd in accordance with the reporting guidelines as set out in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") as required by the Canadian Securities Administrators.

Quality Assurance & Quality Control (QA/QC):

All sample assay results have been monitored through the Company's quality assurance / quality control (QA / QC) program following E2941 − 21 Standard Practices for Extraction of Elements from Ores and Related Metallurgical Materials by 4 acid Digestion with ICP-OES finish. Drill core was sent to an independent laboratory, African Laboratory Specialists Namibia ("ALS"), for analysis. ALS is an independent laboratory, located in Kombat, Namibia. Core samples were prepared using the ASTM procedures. Sample size: 3 kg, crushed split to 250g weighed sample (+/- 0.5000g).

Qualified Person

The technical information presented 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.


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