The Company intends to proceed with a non brokered private placement of up to twenty million units at a price of $0.12 per unit.  Each unit consists of one common share and one common share purchase warrant (the "warrant"). 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 exploration and development of Trio's wholly owned Rodeo Creek property in Nevada, working capital and for potential new property acquisitions. The private placement is subject to the approval of the TSX Venture Exchange.

GoldSpring Inc. has elected not to proceed with the closing of its memorandum of understanding with Trio, announced in Trio's press release dated January 23, 2007.

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.

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.