Trio Gold Corp

Private Placement - The Company intends to proceed with a non brokered private placement of up to four million units at a price of $0.12 per unit. Each unit consists of one common share and one common share purchase warrant (the тАЬwarrantтА?). Each warrant entitles the holder thereof to acquire one common share of the company for sixteen cents ($0.16) per share for a period of 12 months from closing. The funds are intended to be used for working capital and for potential new property acquisitions. The private placement is subject to the approval of the TSX Venture Exchange.

In January 2006, Trio and Journey Resources Corp. (TSX-V: JNY) signed a letter of intent whereby Journey may acquire from Trio a 50% lease interest in the Empire Mine property in Idaho, subject to satisfactory due diligence and regulatory approval. Under the terms of the agreement, Journey will pay Trio a US$50,000 non-refundable deposit, and CDN$200,000 together with 700,000 common shares of Journey, payable upon execution of a formal agreement. In addition, Journey must incur a total of US$1,500,000 in exploration expenditures on the Empire Mine property by August 31, 2007.

The Company is in discussion with a third party for a possible Joint Venture participation to develop its Rodeo Creek property on the Carlin Trend in Nevada.

For further information on the contents of this news release or the activities of the Company, contact Mr. Harry Ruskowsky, President & CEO at (403) 262-9640.

TRIO GOLD CORP.
Suite 145, 251 Midpark Blvd. S.E.
Calgary, Alberta T2X-1S3
Phone: (403) 262-9640
Fax: (403) 262-9759
E-Mail: trio@triogold.com Website: www.triogold.com
CUSIP #89669C-108, Exemption #82-2127

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