Trio Gold Corp

Private Placement - The Company intends to proceed with a non brokered private placement of up to three million units at a price of $0.15 per unit. Each unit consists of one common share and one common share purchase warrant (the ¡°Warrants¡±). Each Warrant entitles the holder thereof to acquire one common share of the company for twenty cents ($0.20) per share for a period of 12 months from closing. The funds are intended to be used for mine planning, and permitting of the Empire Mine property in Idaho, for continued drilling on the San Ramon property in Chile and for working capital. The private placement is subject to the approval of the TSX Venture Exchange.

San Ramon ¨C Chile ¨C Drilling is currently underway on this 35 sq. Km property located 45 Km west of Copiapo Chile. Two core holes have been completed, these holes were drilled between two previously drilled holes on the Carmen vein that averaged 5.3% Cu, 2.1 gm/T Au and 0.12% Co.,over an average width of 5 meters at depths between 190 and 230 meters. (see news releases dated Aug 20, 2004, and Jan 18 2005) Assay results from these drill holes are expected in about 30 days. Chile is the world's largest copper producer. A minimum of 10 mineralized structures have been identified by old workings, geophysics and drilling on the San Ramon property. The vein widths vary between 2 and 20 meters and are visible in lengths between 500 and 2,000 meters before extending under sandy overburden.

Philip van Angeren P.Geol., director of Trio Gold Corp., a ¡°qualified person¡± under National Instrument 43-101 guidelines is the project supervisor for the above project.

The company plans to re-issue a total of 250,000 share options to employees and directors at a price of $0.15 per share for a five year period, these shares were previously allotted but expired prior to being exercised.