Trillium Gold Announces Grant of Stock Options

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VANCOUVER, British Columbia, Sept. 28, 2022 (GLOBE NEWSWIRE) — Trillium Gold Mines Inc. (TSXV: TGM) (OTCQX: TGLDF) (FRA: 0702) (“Trillium Gold” or the “Company”) announces that in under its existing stock option plan, the Company granted a total of 2,595,000 incentive stock options (each an “Option” and collectively, the “Options”) to certain directors , officers, employees and consultants of the Company. Each Option entitles its holder to purchase one common share in the capital of the Company (each a “Share” and collectively, the “Shares”), subject to the vesting provisions, at a price of $0.20 per share for a period of five years from the date of grant. The grant of options is subject to the approval of the TSX Venture Exchange and all regulatory approvals.

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On behalf of the Board of Directors,
Trillium Gold Mines Inc.

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Russell Starr
Director, President and Chief Executive Officer

For more information, please contact Donna Yoshimatsu, VP Corporate Development and Investor Relations at [email protected](416) 722-2456, or [email protected].

Visit our website at www.trilliumgold.com.

About Trillium Gold Mines Inc.

Trillium Gold Mines Inc. is a growth-oriented company engaged in the acquisition, exploration and development of mineral properties located in the Red Lake mining district of Northern Ontario. As part of its regional consolidation strategy, the Company has assembled one of the largest sets of potential lands in and around the Red Lake mining district, near major mines and deposits, as well as along Confederation Lake and Birch-Uchi greenstone belts. . The company recently completed acquisitions effectively extending its contiguous land position over 100 km of favorable on-trend structures with Kinross Gold’s Great Bear project and Evolution Mining’s Red Lake operation. In addition, the Company holds interests in highly prospective properties in Larder Lake, Ontario.

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

This press release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations.

Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyzes and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management considers relevant and reasonable in the circumstances, but which may prove to be incorrect. These factors, among others, include: impacts resulting from the global disruption caused by the Covid-19 coronavirus outbreak, business integration risks; fluctuations in general macroeconomic conditions; fluctuations in the securities markets; fluctuations in spot and forward prices of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with exploration, development and mining activities (including environmental risks, industrial accidents); failure to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relations with local communities and indigenous peoples and their claims; the availability of rising costs associated with mining inputs and labor; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from governmental authorities); and title deed.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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