Trifecta Gold Ltd. to Acquire a 100% Interest in the Yuge Gold Project, Nevada

“Following the very positive results from our maiden drill program at Yuge we are pleased to announce that we are accelerating the acquisition of our 100% interest in the Property,” states Richard Drechsler, President and CEO.

at a deemed price of $0.113 per share to satisfy the $250,000 payment to Silver Range provided for in Trifecta’s July 7, 2020 Property Purchase Agreement with Silver Range, pursuant to which Trifecta agreed to purchase a 100% interest in Yuge located in northern Nevada, subject to Trifecta’s receipt of regulatory acceptance for the issuance of these shares.

Upon receipt of regulatory acceptance and the issuance of these shares, Silver Range will hold 7,210,000 common shares of Trifecta, which will represent 12.0% of the 60,099,286 common shares of Trifecta that will then be issued and outstanding.

Over limit values for gold determined by the routine methods were re-analyzed using the Au-GRA22 method which involves fire assay preparation using a 50 gram charge and a gravimetric finish.

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