Trigold to Acquire Eight Prospecting Permits in Nunavut, Canada

TRIGOLD RESOURCES INC. (the "Company" and "Trigold") is pleased to announce signing of a Property Purchase Agreement for the acquisition of 100% interest in eight Prospecting Permits (the 'Property') totaling 1,150km² located in Nunavut, Canada from private owners.

As consideration for the acquisition of 100% interest in the Permits at closing of the Transaction Trigold will issue to the Vendor 1,000,000 common shares in the capital of Trigold (the "Consideration Shares") and deliver to the Vendor cash payments in the aggregate amount of $75,000 (the "Cash Payments"). Based on a deemed price per common share of $0.10, the value of the total deemed consideration for the Transaction is $175,000. The Consideration Shares will be subject to a four month restricted period in accordance with the policies of the TSX Venture Exchange (the "TSXV") and applicable securities law requirements. On closing of the Transaction, Trigold will deliver a cash payment to the Vendor in the amount of $75,000, 500,000 common shares subject to a hold period and 500,000 common shares on or before May 15, 2016. The Purchaser further agrees to pay to the Vendor a 1% Royalty Interest, subject to the Purchaser's right to purchase the Vendor's Royalty Interest at any time, in consideration of the payment of Three Million Dollars ($3,000,000) to the Vendor.

Trigold has agreed to make the following additional performance payments to the Vendor, upon the completion of the following milestones:

1. Annual payments of $50,000 on each Anniversary Date for the next four (4) years, payable by the Purchaser in either cash or common shares in the capital of Trigold ("Performance Shares"), or any combination thereof, in its sole discretion;
2. Payment of $50,000 for each new discovery of a kimberlite pipe or dyke on the Property, payable by the Purchaser in either cash or Performance Shares, or any combination thereof, in its sole discretion;
3. A further 500,000 Performance Shares on completion of an inferred mineral resource estimate by a qualified independent geologist or mining engineer of not less than 5,000,000 tonnes on each kimberlite pipe or dyke; and
4. A final 500,000 Performance Shares upon completion of a Feasibility Study.

The Agreement is subject to acceptable financing and TSX Venture Exchange approval. Trigold plans to provide a technical report in respect of the Permits in support of the Transaction.

The Property(s) specific to diamonds are within the highly prospective northern portion of the Slave Structural Province of the Canadian Shield. Historical work over the Prospecting Permits contain:

1. diamond bearing kimberlites and kimberlite dykes;
2. unexplained kimberlite indicator mineral ("KIM") trains identified in glacial till;
3. unsourced kimberlite float trains; and
4. unexplained geophysical targets in the vicinity of the heads of known KIM trains.

The Properties contain the Rush, James River and Muskox diamond bearing kimberlites. Most noteworthy within the Property is the Muskox Kimberlite which was previously discovered by and worked on by Debeers Canada and Tahera Corp. The Muskox Kimberlite has two phases and is known to yield diamond grades in the magmatic phase of 0.53 carats per tonne and diamond grades in the pyroclastic phase of 0.35 carats per tonne from mini-bulk samples weighing 865 and 63 dry tonnes, respectively (2006). Little is publicly known about the chemistry of the Muskox kimberlite and the quality of diamonds obtained to date, other than it is reported to have a significant population of eclogitic diamonds.

A Definitive Agreement is subject to acceptable financing and TSX Venture Exchange approval.

About Trigold Resources Inc.

Trigold is a Canadian mineral exploration company headquartered in Edmonton, Canada. Common shares of Trigold are listed for trading on the TSX Venture Exchange under the trading symbol "TGD". Trigold is backed by proven and seasoned resource sector professionals who have a track record of advancing exploration projects from grassroots through to production scenarios. The technical content of this news release have been reviewed and approved by Dean Besserer, P.Geol. the Technical Advisor of the Company and a Qualified Person as defined by National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS

Jim Greig, President and Chief Executive Officer