Corporate Update

July 25, 2011 in Press Release


Corporate Update
Trio Gold Corp. (Trio) is pleased to update its shareholders on recent developments regarding the progress on its Rodeo Creek project located on the prolific Carlin gold belt in Nevada. The Rodeo Creek project is funded by Amarok Resources Inc. who can earn a 75% interest in the property by spending 5.5 million U.S dollars by the end of 2012.

An understanding has been reached with Redcore Drilling Inc. to complete Trio’s current hole, AMK10-04, which was temporarily suspended in June due to drilling difficulties in an extremely silicified portion of the highly prospective Popovich Formation at a depth of 2800 ft (see the July 6, 2011 news release for more details). Silicified Popovich Formation is one of the main hosts for gold mines along the Carlin Trend.

Redcore has successfully drilled many deep holes on the Carlin Trend, including all of Trio’s 2010 deep holes. Redcore’s rigs are not immediately available, but Redcore has placed Trio in the number one slot for their first available rig. We are confident that Redcore will be able to complete AMK10-4 to its projected depth of approximately 3300 ft.  News will be released when the drilling starts again.

The objective of AMK10-04 is to test the potential for a deep-seated high-grade auriferous structure believed to be the source of gold mineralization found at shallow depth in the nearby Flower area, where previous shallow drilling encountered numerous gold values, including 20ft grading 4.22 gm/T gold at 315ft depth in hole AMK-FZ-3, 14ft grading 2.37gm/T Au in AMK-FZ-4, and historical values ranging from 5.38 gm/T over 17ft to 29.66 gm/T over 5 ft. Upon completion of AMK10-04, drilling is expected to begin on the second hole of this phase, AMK11-05, in the southwest portion of the property.  AMK11-05 is a follow up hole located southwest of the more than 400ft of silicified Popovich Formation found in AMK10-02 drilled in 2010.

The Rodeo Creek property adjoins Barrick’s Storm and Arturo gold discoveries in the Northern portion of the Carlin gold belt which has in excess of 100 million ounces of gold production and inventory. The property lies on strike with the world class Goldstrike and Meikle mines which have gold reserves and production estimated in excess of 50 million ounces.

The TSX Venture Exchange have indicated that they will conditionally approve the non-brokered private placement for up to five million units at a price of $0.05 per unit on the condition that the price of the one year warrant attached to the unit be increased from $0.08 to $0.10. The company has agreed to the amended terms, and will now proceed with the placement. See Trio’s press release dated July 6, 2011 for more details.

This release has been prepared by Philip van Angeren P.Geol., director of Trio Gold Corp., and a “qualified person” under National Instrument 43-101 guidelines.


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