Trifecta Gold Ltd. Secures Path To 100% Interest In Yuge Gold Project

VANCOUVER, BC - Trifecta Gold Ltd. has signed a property purchase agreement to acquire a 100% interest in the Yuge Property, a high grade gold prospect in northern Nevada, from Silver Range Resources Ltd. (SNG). The Agreement will replace the existing option deal announced February 28, 2018.

The Yuge Property is located in Humboldt County, approximately 55 kilometers south of Denio in the Varyville Mining District. The property is road accessible and covers the Columbia and Juanita Mines which produced on a small scale between 1870 and 1937. The most recent reported production was 2,350 tons of oxide ore in 1936-37 from the Columbia Mine.

Gold on the Property occurs with arsenopyrite in mesothermal quartz veins and adjacent wall rock. The veins occur in sub-parallel shear zones up to 60 m wide and over 1,200 m long. Selected surface grab samples collected on the property by the Nevada Bureau of Mines and Geology returned assays up to 15 g/t Au and similar samples collected by Homestake Mining Company assayed up to 53.0 g/t Au. The highest gold grades were reported from near-surface oxidized vein material where documented run-of-mine sorted ore assayed greater than 34 g/t Au and reported sampling of a crown pillar returned 2.4 m @ 16.8 g/t Au including 0.6 m @ 50.7 g/t Au. Sulphide mineralization occurs at depths greater than 30 m with arsenopyrite-rich material reportedly assaying greater than 17.4 g/t Au. A reported true-width drill intersection in this material at 49 m depth returned 3.3 m @ 9.70 g/t Au. Historical drilling intersected gold mineralization or open stopes in all holes reported but only to a maximum depth of 100 metres. Trifecta believes there is considerable potential to discover similar mineralization at depth given the mesothermal character of the veins and the considerable depth extent of gold mineralization in deposits of this class.