Proposed Non Brokered Private Placement

June 9, 2015 in Press Release

CALGARY, ALBERTA – June 9, 2015: Trio Gold Corp. (“Trio” or the “Company”) (TSX VENTURE: TGK, US-Listed: TROOF) is pleased to announce that subject to the approval of the TSX venture exchange, Trio proposes a non-brokered private placement of up to 50 million shares at a price of one cent per share, which will include one half of a warrant per share. Two warrants will enable the holder to purchase one additional common share for a period of one year from the date of the closing of the private placement at a price of five cents per share and for the following twelve month period at a price of ten cents per share. The Corporation plans to retain one or more agents in connection with the Private Placement and to pay to such agents a sales commission or finder’s fee of up to 10% of the gross proceeds raised under the Private Placement. All the securities issuable will be subject to a four-month hold period from the date of issuance.

This proposed offering will replace the previously announced non-brokered private placement dated May 15, 2015. The private placement is conducted pursuant to the TSX Venture Exchange Discretionary Waivers bulletin dated April 7, 2014.

The proceeds of the financing will be primarily used to maintain the Company’s existing operations, activities and assets. Management fees, new business operations or related activities will not be funded from the proceeds of this offering. Part of the funding of existing operations will include the completion of an ongoing geophysical evaluation of a gravity survey that was conducted over the Company’s Rodeo Creek property in Nevada. This gravity survey was performed by Barrick Gold Corp (Barrick) over an area of interest that included Trio’s Rodeo Creek lands. Trio agreed to allow Barrick to conduct the survey over its lands in exchange for a copy of the data. The balance of the funds will be used to retire a portion of the Company’s accrued financial obligations and to continue the implementation of the company’s business activities as they relate to the development of its two principal properties. A more detailed break-down is provided below.

Use of Funds

The Company intends to utilize the funds to first pay off all overdue accounts which are listed below

Audit fees for years 2014/15  $    44,000.00
Business tax and insurance  $      8,000.00
Mineral property maintenance (Due in August)  $    20,000.00
Accrued office rent, accounting, and supplies  $  110,000.00
Shareholder Annual Meeting  $    25,000.00
Offering costs  $    35,000.00
Legal  $    15,000.00
Listing fees and related expenses  $    15,000.00
Total Due  $  272,000.00

 

The balance of the funds of $228,000.00 will be used to finance the go forward operating expenses of the Company over the next 12 months. The primary focus and related expenses of the Company will be to prepare data and due diligence packages on the Company’s two principal properties. Those activities will include; the third party processing and analysis of the gravity survey conducted by Barrick and its associated reports. Further geological mapping and data assembly for presentation to interested joint venture parties. (Budgeted to be $35,000.) In association with this initiative the company plans to launch a broker specific public relations program to highlight some of the exciting new developments in and around our properties. By doing this the Company intends to expand its investor base and potentially draw in further Joint Venture interest from other mining companies. (Budgeted to be $85,000.00) The company also plans to establish a reserve of $20,000 to put aside to cover its 2016 property maintenance fees. The balance of $88,000.00 will be used for general corporate purposes such as future rent, accounting, legal and corporate reporting.

The Properties

The first of the Company’s two properties is the McNeil property, which is located in the Timmins area of Ontario and covers an area of approximately 10,200 acres (4,127 hectares). The McNeil property contains a number of gold showings and old workings dating back to the early 1920’s. Gold showings and past workings include a number of high-grade shafts, such as the Isadore Shaft, 8Ft Shaft and the Laporte Shaft along all of which contain numerous recorded gold showings. One such notable gold showing just north of the 8 foot shaft, the MicMac Showing, was examined in 2002 by L. Jensen working for the Ontario Geological Survey, who collected Gold samples of 17.6g/ton, 26.7g/ton and 3.2g/ton. (OGS Report File 5931). These are reported historical values from previous operators but are not NI43-101 compliant.

The Rodeo Creek property is the second property which is located in the Northern portion of the Carlin Gold Trend in Nevada. This property is adjacent to Barrick Gold Corp’s recently permitted South Arturo Gold mine, slated for production later this year. The Storm deposit owned and mined by Barrick Gold Corp. is located approximately 1.5 km to the south east of the Trio lands. Past drilling conducted by Trio encountered various grades of gold ranging from minor shows up to 0.865 opt.

This press release has been reviewed and approved by Ms. Chartier MSc., MBA, P. Geol. , Trio’s qualified person for NI43-101 reporting.

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

Trio Gold Corp.
Suite 145-251 Midpark Blvd. SE
Calgary, Alberta T2X-1S3

Trio Gold Announces Proposed Private Placement

May 15, 2015 in Press Release

NEWS RELEASE DATED May 15, 2015
TRIO GOLD CORP. (TSX-V: TGK, US-Listed: TROOF)

Trio Gold Corp. (“Trio”) announces that subject to the approval of the TSX venture exchange, the company proposes a non- brokered private placement of up to 10 million units at a price of 2 cent per unit. Each unit will consist of two common shares and one warrant. Each warrant will entitle the holder to purchase one common share for a period of three years from the closing date of the private placement at a price of 3 cents.

The proceeds of the financing will be used for working capital and advancement of the Trio’s McNeil and Rodeo Creek properties. The McNeil property located in the Timmins area of Ontario Canada covers an area of approximately 10,200 acres (4,127 hectares). The McNeil property contains a number of gold showings and old workings dating back to the early 1920’s. Gold showings and past workings include a number of high-grade shafts, such as the Isadore Shaft, 8Ft Shaft and Laporte Shaft along with numerous reported gold showings. One such notable gold showing just north of the 8 foot shaft, the MicMac Showing, was examined in 2002 by L. Jensen working for the Ontario Geological Survey, who collected Gold samples of 17.6g/ton, 26.7g/ton and 3.2g/ton. (OGS Report File 5931). These are reported historical values reported from previous operators but are not NI43-101 compliant.

The Rodeo Creek property is located in the Northern portion of the Carlin Gold Trend in Nevada. This property is adjacent to Barrick Gold Corp’s recently permitted South Arturo Gold mine, slated for production later this year. The Storm deposit owned and mined by Barrick Gold Corp. is located approximately 1.5 km to the south east. Past drilling conducted by Trio encountered various grades of gold ranging from minor shows up to 0.865 opt. Harry Ruskowsky states, “Rodeo Creek is strategically located in line with producing gold mines within the Carlin Trend and Trio feels that there is an excellent chance for a discovery”.

Trio also wishes to report that Dr. Earl Abbott, P.Geol. has resigned from our Board of Directors due to personal reasons, however, Dr. Abbott, P.Geol. will remain our consulting geologist for the Rodeo Creek Project. The Board of Directors wishes to thank Dr. Abbott for his contribution to the advancement of our Rodeo Creek project he will become the qualified person for purposes of NI43-101 Rodeo Creek reporting.

This press release has been reviewed and approved by Ms. Chartier MSc., MBA, P. Geol. , Trio’s qualified person for NI43-101 reporting.

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

Trio Gold Corp.
Suite 145-251 Midpark Blvd. SE
Calgary, Alberta T2X-1S3
Phone: (403) 262-9640
E-mail:press@triogold.com Website: www.triogold.com
CUISPa#89669C-108, Exemption #82-2127

AGM Update

December 18, 2013 in Press Release

Calgary, Alberta, Canada:  December 18, 2013 – Trio Gold Corp. (TSX-V – TGK) (US listed:TROOF) (“Trio”) announces that, at its annual general meeting of shareholders held on December 16, 2013, each of the six nominees listed below proposed as directors and listed in its management information circular dated November 12, 2013 were elected as directors.

The detailed results of the voting by proxy for each nominee are as follows:

Nominee

Votes For

Votes Withheld

Number

%

Number

%

Harry B. Ruskowsky

6,826,631

99.25%

51,700

0.75%

Torrie Chartier

6,821,631

99.18%

56,700

0.82%

Daniel Tataryn

6,821,631

99.18%

56,700

0.82%

David Gibson

6,789,631

98.71%

88,700

1.29%

Jim Maldaner

6,826,631

99.25%

51,700

0.75%

Dr. Earl W. Abbott

6,826,631

99.25%

51,700

0.75%

Incumbent directors Mr. Ruskowsky, Ms. Chartier and Mr. Tataryn were re-elected along with nominees Mr. David Gibson, Mr. Jim Maldaner and Dr. Earl W. Abbott.  A brief resume on each of our directors is included below.

Harry B. Ruskowsky is an entrepreneur with more than forty-five years of domestic and global strategic leadership experience relating to mineral and oil and gas projects. Mr. Ruskowsky has experience in finance and corporate management and is the founder president and chief executive officer of Trio. He is a long time member of the Canadian Association of Petroleum Landmen.

Torrie Chartier, MSc. MBA, P. Geo., member of the Trio Board of Directors since May 2012, obtained her MSc. from Michigan Technological University and an MBA from the University of Calgary.  Torrie is an independent geological consultant, who brings to Trio more than 25 years of experience in the mineral exploration industry. Ms. Chartier has extensive expertise in the exploration for diamonds and has been directly associated with the discovery of numerous kimberlite pipes in the Great Lakes Region of Michigan, the Northwest Territories, Nunavut and Western Greenland. Ms. Chartier is currently a director and CFO of Uravan Minerals Inc.(TSX-V:UVN) and Sabre Graphite Corp. (CVE: SAG). Ms. Chartier has managed various exploration programs and is a qualified person for the purpose of National Instrument 43-101.

Mr. Daniel Tataryn, member of the Trio Board of Directors since March 2008, has over 30 years’ experience in the aviation business and is currently a captain for a Canadian airline. Mr. Tataryn holds a Canadian and American airline transport license, and brings over 30 years of  business and management skills to the Board.

Mr. David Gibson, a graduate of Georgian College in Business Administration specializing in Marketing. His career in the mining industry started in 1982 working in the northern mining districts of Ontario and Quebec performing geotechnical, geophysical and geochemical surveys for junior and major mining companies. Throughout his career Mr. Gibson has performed contract field services along with contract diamond drilling and has provided technical consulting services to numerous junior and major mining companies in Canada and the United States.    Mr. Gibson brings over 28 years of mineral exploration experience and mining acumen to Trio including geomatics, geophysical and geochemical expertise.

 

Mr. Jim Maldaner, BCOM, CA, is a Chartered Accountant and Partner in DNTW Chartered Accountants.  Jim has extensive experience in public accounting and in industry. Industry experience includes substantial background in the resource sector in various senior financial capacities incorporating CFO, controllership, and treasury functions. Projects included administrating public corporations, initiating and managing internal audit, arranging financing and implementing mergers and acquisitions.  Public accounting experience includes advising, accounting and tax for small to medium sized owner managed companies as well as audit and managerial support for publicly listed companies. Jim has served on the Board of Directors of Olympia Trust and is an active member on the Board of Directors of Appulse Corporation (TSX-V: APL).

 

Dr. Earl W. Abbott is a senior geologist with over 41 years of experience in mineral exploration for companies in the United States, Mexico, China, Africa and Costa Rica. From 1982 to the present, Dr. Abbott has been self-employed as a geological consultant managing metallic and industrial mineral projects and exploration programs. Dr. Abbott has conducted a number of exploration programs on the world famous Carlin gold trend in Nevada.  A member of the American Institute of Professional Geologists and a past president of its Nevada section, Dr. Abbott is also a Certified Professional Geologist and a member of the Geological Society of Nevada (and its past president). He is also a member of the Society of Mining Engineers of the American Institute of Mining, Metallurgy and Petroleum. Dr. Abbott earned his Ph.D. in Geology in 1972 from Rice University. Dr. Abbott is presently a member of the Board of Directors of Big Bar Resources Corporation (TSX-V: BBK).

Shareholders also voted in favor of all other items of business at the meeting including approval of Trio’s existing rolling 10% stock option plan and the appointment of MacKay LLP, Chartered Accountants as the auditors of the Corporation.   Detailed voting results are available on SEDAR at www.sedar.com.

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

Press Release Clarification

November 29, 2013 in Press Release

As a result of a review by the Alberta Securities Commission, we are issuing the following news release to clarify the Company’s disclosure.

Regarding Trio Gold Corp. (“Trio”) announcement of the acquisition and option to acquire the McNeil and Night Hawk gold properties totaling approximately 24,200 acres (9,800 hectares) in Timmons Ontario (News Release, October 23, 2013), the Company wishes to clarify the historical drill results in a more complete manner from the McNeil property.

Historical results occurring on the McNeil property have been returned from number of old workings dating back to 1923 where shafts were dug to 120 feet (37m) with reported quartz veins containing visible gold. Trio would like to clarify that no mineral resources or mineral reserves estimates have been generated from the McNeil Property. Drilling in 1946, 46 holes totaling 2553 metres were drilled. Together with many holes reported to contain only trace gold, some of the best results include 5.8 g/t over 1.3 metres. In 1979, Sylva Explorations Ltd. drilled three shallow holes (38-59 metres in length) that intersected narrow veins of silicified veins. The best gold results included 1.0g/t over 1.0 metre (Hole 1), 45.4 g/t over 0.3 metre (Hole 2) 39.1 g/t over a 0.9 metre(hole 2), and 4.1 g/t over 1.0m (Hole 3).

Trio would also clarify that GeoVector technical report1 was utilized for its due diligence on the merits of McNeil property. This report states that throughout the property, there are numerous gold mineralization occurrences that have the potential for large tonnage style gold enrichment similar to the Porcupine Gold mines owned by Gold Corp.

Further, by request of the Alberta Securities Commission, Trio is providing the following information to clarify disclosure on its website and in its MD&A for the Quarter ending September 30, 2010 and continuing to June 30, 2013 regarding the reporting of results from properties adjacent to its Rodeo Creek property along the Carlin Trend, Nevada. It should be stated as follows.

The Rodeo Creek property is strategically located 1.5 km northwest of the Storm deposit owned by Barrick Goldstrike Mines, Inc., which is reported to host 3,100,000 short tons of proven and probable reserves, and inferred mineral inventory containing 1,100,000 ounces of gold (non-43-101 compliant)2. Between 2008 and 2011, the Storm Gold Mine has produced 277,495 ounces of gold as reported by Barrick Goldstrike Mines, Inc.3

In addition, Trio is updating its website to clarify and provide a more complete drill hole result disclosure for the Rodeo Creek property. This specifically relates to the Projects – Rodeo Creek section of the

website. Trio references an anomalous gold result, interpreted as a “leakage” anomaly, found in the Flower Zone of 9.60 gm/T Au (0.28 oz/t) across 6 metres, including 29.1 gm/T Au (0.85 oz/t). While this is accurate information based on drill results, Trio will be adding additional drilling result information to provide a more complete disclosure.

The disclosure on Trio’s website stating, “ Grades of up to 0.92 gm/T Au (0.027 oz/t) along 23 metres of strike length…” refers to channel sample results across the Look Fault on the Rodeo Creek Property from work conducted in 2003. Trio will be removing this information from its website for reasons that it is outdated and not relevant. It will be replaced with more current gold result information from the 2010-11 drilling programs which has always been disclosed in Trio’s MD& A Quarterly filings.

The Qualified Person for this news release is Torrie Chartier, MSc., MBA, P. Geol. The technical information has been reviewed, verified and approved by Ms. Chartier.

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

Trio Gold Corp. (“Trio”) announces the acquisition and option to acquire a major land block in Ontario

October 23, 2013 in Press Release

Trio Gold Corp. (“Trio”) announces the acquisition and option to acquire a major land block totaling approximately 24,200 acres (9,800 hectares).

The properties known as the McNeil and Night Hawk are located in the Larder Lake Mining Division 50 km (30 miles) southeast of Timmins Ontario within the Abitibi Greenstone belt. This area has produced more than 70 million ounces of gold, from the famous Hollinger, McIntyre, Pamour and Dome Mines.

Trio acquired an option from Amarok Resources Inc., a Nevada Corporation to earn a 100% interest in the McNeil Property by expending $500,000.00 on or before December 31, 2015, $2,000,000.00 before December 31, 2017 and a final $2,500,000.00 by December 31, 2019. The property is subject to a 5% net smelter return (“NSR”) which may be bought back at any time by paying $10,000,000.00. The NSR may also be exercised at any time in part by paying $2,000,000.00 for each one percent of the NSR purchased.  (all amounts in Canadian dollars).

Trio acquired 100% of the Night Hawk property by conducting a Geo-referencing work program on the property. The cost of this program was $28,519.00. The property is subject to a 5% NSR which may be bought back at any time by paying $10,000,000.00. The NSR may also be exercised at any time in part by paying $2,000,000.00 for each one percent of the NSR purchased. (all amounts in Canadian dollars).

The McNeil property covers an area of approximately 10,200 acres (4,127 hectares). This property has a number of old workings dating back to 1923 where shafts were dug to 120 feet (37m) with reported quartz veins containing visible gold. Drilling in 1946, reported gold values up to 5.8 g/t over 1.3 metres.  In 1979, drilling by Sylva Explorations Ltd. reported gold grades of 45.4 g/t over a 0.3 metre interval and 39.1 g/t over a 0.9 metre interval.

Throughout the property, there are numerous gold mineralization occurrences that have the potential for large tonnage style gold enrichment similar to the Porcupine Gold mines owned by Gold Corp.

Previous owners drilled on the Weekly/ Laporte Area in the north central part of the McNeil Property reported visible gold in several of the drill holes. A sample with visible gold taken from this area is on display in the Sir Harry Oak Mining Museum in Kirkland Lake Ontario. Based on work by government and industry which consisted of soil geochemical survey, helicopter borne magnetic electromagnetic survey and extensive stripping. Geo Vector Management Inc. recommends a two phase exploration program be undertaken. This program would be designed to conduct additional soil sampling, computer modelling, and core drilling estimated at $1.5 million (National Instrument 43-101, July 12, 2012, Geo Vector Management Inc.).

The Night Hawk Property covers an area of approximately 14,000 acres (5,665 hectares) and is continuous to the west and north of the McNeil property.  Airborne magnetic geophysics published by the Ontario Geological Survey clearly identifies a continuous volcanic belt extending from the McNeil Property and terminating within the Night Hawk Property. The geological similarity between the Night Hawk and McNeil Properties represents the potential for additional gold discoveries.

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

Trio Closes Private Placement

September 5, 2013 in Press Release

NEWS RELEASE DATED September 5, 2013
TRIO GOLD CORP. (TSX-V: TGK, US-Listed: TROOF)

Trio Gold Corp. (“Trio”) has closed its non – brokered private placement of units announced on June 20, 2013. The placement was oversubscribed by 500,000 units resulting in the placement of 10.5 million units for gross proceeds of $210,000.00. Each unit consists of two shares and one share purchase warrant. Each warrant entitles the holder to purchase one common share for the first 12 months from the date of issuance at a price of $0.05 and at a price of $0.10 for the next 12 months. The securities for this issue have a hold until December 31, 2013.

The board of directors approved the private placement with those participating abstained from voting relative to their subscription. Torrie Cartier and Dan Tataryn directors of the company each subscribed for 500,000 units. A total of 15 subscribers participated in the private placement. QI Assest management ltd with head office in Selangor Malaysia purchased 2.5 million units. Devan Rajah and Shawn Thorton each earned $6,000.00 in connection with the placement were paid a 10% finder’s fee. The private placement was conducted pursuant to the TSX Venture Exchange Temporary Relief Measures from certain pricing requirements bulletin issued by the Exchange on April 12, 2013.

The proceeds are expected to be used over the next 5 months. The estimated amounts are:

Audit, Accounting and Legal    $50,000.00
Business Tax and insurance    $6,000.00
Mineral Property expense    $28,000.00
Office Salary/Rent/Filing Fees    $40,000.00
Shareholder Annual Meeting    $26,000.00
Finder’s Fee        $12,000.00
Estimated Total    $162,000.00

The balance of the funds will be used for general working capital purposes being the excluded amount under the relieve measures bulletin.

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

Trio Gold Corp. Suite 145-251 Midpark Blvd. SE Calgary, Alberta T2X-1S3
Phone: (403) 262-9640 – Fax: (403) 262-9759
E-mail:press@triogold.com – Website: www.triogold.com
CUISPa#89669C-108, Exemption #82-2127

Non Brokered Private Placement

June 20, 2013 in Press Release

NEWS RELEASE DATED June 20, 2013

TRIO GOLD CORP. (TSX-V: TGK, US-Listed: TROOF)

 
Trio Gold Corp. (“Trio”) announces that subject to the approval of the TSX venture exchange. The company proposes a non- brokered private placement of up to 10 million units at a price of 2 cents per unit.

Each unit will consist of two common shares and one warrant. Each warrant will entitle the holder to purchase one common share for a period of one year from the closing date of the private placement at a price of 3 cents.

The proceeds of the financing will be subject to the TSX Venture exchange temporary relieves measures outlined in the December 12, 2012 bulletin/ notice to issuers.

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

Trio Gold Corp.
Suite 145-251 Midpark Blvd. SE
Calgary, Alberta T2X-1S3
Phone: (403) 262-9640
Fax: (403) 262-9759
E-mail:press@triogold.com

 

Airborne Gravity Survey Flown over the Rodeo Creek Property, Nevada

March 25, 2013 in Press Release

NEWS RELEASE DATED March 25, 2013

TRIO GOLD CORP. (TSX-V: TGK, US-Listed: TROOF)

 Airborne Gravity Survey Flown over the Rodeo Creek Property, Nevada

Trio Gold Corp. (“Trio”) has signed an Entry Agreement with Barrick Gold Exploration Inc. (“Barrick”) authorizing access to over fly its Rodeo Creek property with a helicopter gravity geophysical survey.  This work will commence shortly and Trio will have access to the data in three months according to its agreement with Barrick.

Trio’s Rodeo Creek property consisting of just under 600 acres of 29 unpatented claims is located immediately north of Barrick’s Storm and Dee mines along the northern portion of the Carlin Trend, Nevada.   Trio has held this property since 1989 and conducted core drilling programs in 2010-2011.

Trio remains involved with Amarok Resources Inc. (“Amarok”) who can earn a 75% interest in the property by spending USD $5.5 million.   Amarok has spent USD $2.4 million to date.   On February 12, 2013, Amarok Resources Inc. (“Amarok”) advanced to Trio the sum of USD $15,000 against the USD $150,000 payment due on April 1, 2013 pursuant to its February 9, 2010 agreement between Amarok and Trio, amended March 23, 2012.   By pre-paying a portion the April 1, 2013 payment, Trio granted Amarok an extension to October 1, 2013 to pay the balance of USD $150,000.   Trio further extended Amarok’s right to earn their 75% interest in the Rodeo Creek property to December 31, 2014.

Trio also announces the resignation of Mr. Phil van Angeren, P. Geol. as a Director of the Company to pursue other interests.   We thank Mr. van Angeren for his years of dedicated service as a Director of Trio.   Mr. van Angeren will remain as an advisor to Trio on its Rodeo Creek Property, Nevada.

For further information on the contents of this news release or the activities of the Company, contact Mr. Harry Ruskowsky, President and 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: press@triogold.com

Trio Appoints New Director

May 29, 2012 in Press Release

NEWS RELEASE DATED May 29, 2012

TRIO GOLD CORP. (TSX-V: TGK, US-Listed: TROOF)

 Trio Gold Corp. (“Trio”) is pleased to announce the appointment of Ms. Torrie Chartier to the Board of Directors effective immediately. Ms. Chartier is a Professional Geologist holding a MSc. from Michigan Technological University and an MBA from the University of Calgary.

Ms. Chartier is an independent geological consultant, who brings to Trio, more than 25 years of experience in the mineral exploration industry. Ms. Chartier has extensive expertise in the exploration for diamonds and has been directly associated with the discovery of numerous kimberlite pipes in the Great Lakes Region of Michigan ,the Northwest Territories , Nunavut and Western Greenland. Ms. Chartier has managed various exploration programs and is a qualified person for the purpose of National Instrument 43-101.

Ms. Chartier will act as the Company’s new Chief Financial Officer replacing Mr. David Bassett who passed away recently after faithfully serving the company in that capacity for many years. David will be greatly missed by everyone in the company.

Ms. Chartier acts as a Board member and the CFO for Uravan Minerals Inc. a public trading company. She also acts as the business manager for a family owned charter helicopter company located in Calgary.

On behalf of the Board of Directors we welcome Ms. Chartier to the Trio team.

Trio Gold Corp. (“Trio”) has agreed to amend its January 28, 2010 exploration agreement covering The Rodeo Creek property, located on the Carlin Trend in Nevada with Amarok Resources Inc. (“Amarok”) under the amended terms Amarok was granted an extension until December 13, 2013 to complete the 5.5 million dollar exploration program (news releases dated February 9, and March 16, 2010). Trio will receive an additional 139,400 restricted Amarok common shares for granting the extension.

The Hotstone Gold Property Option Agreement dated January 6, 2012 between Trio Gold Corp., Gibson and Associates Inc. (“Gibson”) and Coastal Pacific Mining Corp. (“Coastal”) has been terminated.

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: press@triogold.com     Website: www.triogold.com
CUSIP #89669C-108, Exemption #82-2127

Trio Update

March 28, 2012 in Press Release

NEWS RELEASE DATED March 28, 2012

TRIO GOLD CORP. (TSX-V: TGK, US-Listed: TROOF)

 

Corporate Update

Trio Gold Corp. announces that it has compiled the available data relating to all of the drilling and geological studies on its wholly owned Rodeo Creek property located on the prolific Carlin gold belt in Nevada. The study was conducted to confirm the location of both follow-up drill targets and of existing target areas that have not yet been drilled.

The study has concluded that at least five areas, which have little or no previous exploration history, justify drilling. These areas have geochemically anomalous fault structures that were discovered by surface mapping and by drilling. The detailed report has been presented to Amarock Resources Inc. (Trios funding partner on the project) for their examination. This will assist them to evaluate the property and to assist in their decision to continue with the option agreement to earn their interest in the property.

It is with deep sadness that we announce the passing of our long time director, Mr. Harry Stech. Harry served as a faithful Director of the company since 2002. He will be greatly missed in our board room. We at Trio extend our sincere condolences to Harrys family, and we are honored to have enjoyed such a warm association with Harry these past 10 years.

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
E-Mail: press@triogold.com Website: www.triogold.com
Phone: (403) 262-9640
Fax: (403) 262-9759
CUSIP #89669C-108, Exemption #82-2127The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.