TORONTO - Trigon Metals Inc. (TSX-V: TM) ('Trigon' or the 'Company') is amending the pricing of its previously announced non-brokered private placement financing to a price of $0.35 per unit.

The offering will now consist of up to 8,571,428 units (the 'Units') for gross proceeds of up to $3,000,000 (the 'Offering').

Volatile market conditions and weakness in speculative markets have prompted the repricing of the Offering. The net proceeds of the Offering will be used to satisfy working capital needs as the Company awaits the beginning of copper concentrate sales and payment. Copper concentrate is currently being produced and stockpiled preparing for the first shipment, expected early in February.

Each Unit is comprised of one common share of Trigon (a 'Share') and one-half of one common share purchase warrant (each whole warrant, a 'Warrant'). Each Warrant will entitle the holder thereof to acquire one Share at a price of $0.50 for a period of 24 months following the date hereof, subject to an acceleration provision whereby in the event that at any time after the expiry of the statutory hold period, the Shares trade at $0.75 or higher on the TSX Venture Exchange for a period of 30 consecutive days, the Company shall have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise the acceleration right.

Closing of the Offering is expected to occur on or about February 4, 2022 and remains subject to a number of conditions, including receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. In connection with the Offering, a finder's fee may be payable in line with the policies of the TSX Venture Exchange.

All securities issued in connection with the Offering will be subject to a statutory hold period of four-months and one-day.

Trigon Metals Inc.

Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently the company has operations in Namibia and Morocco. In Namibia, the Company holds an 80% interest in five mining licences in the Otavi Mountainlands, an area of Namibia widely recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the previously producing Kombat mine. In Morocco, the Company is the holder of the Silver Hill project, a highly prospective copper and silver exploration project.

Contact:

Jed Richardson

Tel: +1 647 276 6002

Email: jed.richardson@trigonmetals.com

Web: www.trigonmetals.com

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