The company is proposing a private placement of up to a maximum of five million units at a price of $0.10 per unit. Each unit shall consist of one common share and one common share purchase warrant. The warrant will entitle the holder to purchase one share of the company's common stock at a price of $0.15 per share at any time during the twelve month period commencing from the date of closing of the private placement. The funds will be used for continued development of the Empire Mine in Idaho, continued exploration on the San Ramon property in Chile and working capital. This funding will enable the company to continue with its current programs until an agreement is finalized with one or more third parties that have expressed an interest in funding the Empire Mine in Idaho to final feasibility. Pending the assay results from the company's San Ramon property in Chile, a third party has expressed an interest in funding this project to a level where a resource may be determined.

The private placement is subject to the approval of the TSX Venture Exchange.

Suite 145, 251 Midpark Blvd. S.E.
Calgary, Alberta T2X-1S3
E-Mail: trio@triogold.com

Website: www.triogold.com
Phone: (403) 262-9640
Fax: (403) 262-9759
CUSIP #89669C-108, Exemption #82-2127

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.