Trio Gold Corp

Calgary, AB, - Trio Gold Corp. ("Trio") is pleased to announce that, pursuant to a settlement agreement with the owners of the Empire Mine located in Custer County, Idaho, both Trio and the owners have agreed to mutually dismiss the Empire Mine litigation which had been ongoing since June 2006. The Empire Mine lawsuits were dismissed with prejudice by the US District Court of Idaho on March 27th, 2008, and are deemed fully and finally settled. All underlying agreements have been annulled, and Trio has released any claim of interest it has in the Empire Mine property.

Trio had previously acquired the right to earn a 100% interest in the Empire Mine in 2004 from its owners and from Sultana Resources LLC ("Sultana"), subject to completion of a feasibility study and issuance of 2.5 million shares and a 3.5% royalty upon commercial production. Trio subsequently completed a successful ten-hole drill program in 2004 and a metallurgical evaluation in 2005.

In January 2006, Trio signed an option agreement with Journey Resources Corp ("Journey") allowing Journey to acquire from Trio a 50% lease interest in the property. Under the terms of the agreement Journey paid Trio US$50,000 and CDN$250,000, and issued 700,000 common shares. Furthermore, Journey had to spend US$1.5 million in drilling before mid-2007. In June 2006, Trio was served with a notice by Sultana claiming breach of agreement through non-performance. While Trio vigorously defended its right to the property, Journey initiated its planned drill program, and completed 33 holes in 2006. In 2007 Journey put its exploration program on hold, pending the outcome of the litigation.

In January 2007, Trio entered into a memorandum of understanding with GoldSpring Inc. ("Goldspring") for the acquisition of Trio's 50% interest in the property. Goldspring made a US$50,000 option payment to Trio, but ultimately elected not to proceed.

As final settlement of the agreement between Trio, Journey, Sultana, Zico LLC ("Zico") and the underlying owners of the Empire Mine, Zico has agreed to make a total cash payment of CDN$1,000,000 to Journey on or before July 3, 2008 in consideration for 100% of Trio's and Journey's work product relating to the Empire Mine, subject to satisfactory due diligence by Zico. Upon receipt of Zico's payment, Trio and Journey will release their interest in and to all adjoining claims held by Journey/Trio, and to the entire work product produced by both Trio and Journey. Journey has agreed to pay Trio a total of CDN$100,000 upon receipt of Zico's payment.

Trio will now focus on its wholly-owned Rodeo Creek property, located on the prolific Carlin gold belt in Nevada. The company is planning a drill program for 2008.

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.