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NEWS RELEASE DATED April 17, 2009
TRIO GOLD CORP. (TSX-V: TGK, US-Listed: TROOF)
TRIO GOLD CORP. ANNOUNCES TERMINATION OF EXPLORATION AGREEMENT WITH CASE FINANCIAL INC.
Trio Gold Corp. (“Trio”) and Case Financial Inc. (“Case”) have terminated their June 2nd, 2008 Exploration Agreement, whereby Case was to provide funding to explore Trio’s Rodeo Creek property located on the Carlin Trend of northern Nevada. On April 1st, 2009, the Agreement was terminated due to Case’s failure to perform the terms of the Agreement.
Management is examining various alternative avenues to raise funds for a planned multi-hole drill program on its 100%-owned Rodeo Creek property in 2009.
The Carlin Trend is the most prolific gold area in North America, and hosts as many as thirty gold producing mines and development projects, on which over 100 million ounces of gold production and inventory have been identified to date. The Rodeo Creek property is located 1.5 kilometers northwest of Barrick’s Storm deposit, and exhibits geological and alteration features common to all deposits on the Carlin Trend.
Exploration permits are current, and five geochemically anomalous target areas have already been identified. Our proposed drill program to test these anomalies would commence as soon as drill rigs are available and funding is completed in a timely manner. The Company is confident that this drill program could potentially result in a gold discovery.
TRIO GOLD CORP.
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.
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