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Trillium Gold Appoints New Chief Financial Officer

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VANCOUVER, British Columbia, February 01, 2023 (GLOBE NEWSWIRE) — Trillium Gold Mines Inc. (TSXV:TGM, OTCQX:TGLDF, FRA:0702) (“Trillium Gold” or the “Company”) is pleased to announce that Effective immediately, Mr. Jeffrey O’Neill has been appointed Chief Financial Officer of the Company.

Jeffrey O’Neill is President and Owner of JMO Enterprises Ltd., a private consulting firm focused on the acquisition of mineral exploration projects in Canada and the United States. He is also a director of Sanibel Ventures Corp., Northern Lion Gold Corp. and Barksdale Resources. Mr. O’Neill served as Regional Sales Manager for Western Canada for Primus Business Solutions. In 2004 he co-founded Momentum Conferencing Solutions, Canada’s largest reseller of voice/video/data collaboration solutions, and served as Vice President, Sales until 2007.

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Mr. O’Neill is taking over the position of CFO in place of Mr. Ian MacNeily, who was under contract with the Company until the end of 2022 and has remained on for an effective transition up to that point.

Russell Starr, President and CEO of Trillium Gold, commented, “On behalf of the Board of Directors, I would like to welcome Jeff to the Trillium team. It comes to us at an compelling time as we discover valuable historical evidence of gold and critical minerals along our 100 km long Confederation Belt for a high quality drill program this year. We look forward to benefiting from Jeff’s extensive financial management experience and valuable business perspective.”

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

Russell Starr
President & CEO, Director

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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 in the Red Lake Mining District of northern Ontario. As part of its consolidation strategy at a regional level, the Company has assembled one of the largest prospective land packages in and around the Red Lake Mining District near key mines and deposits and along the Confederation Lake and Birch-Uchi greenstone belt. In 2022, the Company completed a series of acquisitions, effectively expanding its contiguous land position over more than 100 km of favorable structures on trend with Kinross Gold’s Great Bear Project and Evolution Mining’s Red Lake operation. In addition, the Company has 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.

Cautionary Note Regarding Forward-Looking Statements

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

Forward-looking information is based on management’s reasonable beliefs, estimates, expectations, analyzes and opinions based on management’s experience and perception of trends, current conditions and anticipated developments and other factors that management believes are relevant and reasonable under the circumstances . which may turn out to be wrong. These factors include, but are not limited to: impact of the global disruptions caused by the outbreak of the coronavirus Covid-19, business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold or certain other commodities; changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and production (including environmental hazards, industrial accidents); inability to obtain adequate insurance to cover risks and hazards; the existence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims of local communities and indigenous peoples; availability of increasing 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 agencies); and property rights.

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 to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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