Trio Gold Corp. ("Trio") has closed its non - brokered private placement of units announced on June 20, 2013. The placement was oversubscribed by 500,000 units resulting in the placement of 10.5 million units for gross proceeds of $210,000.00. Each unit consists of two shares and one share purchase warrant. Each warrant entitles the holder to purchase one common share for the first 12 months from the date of issuance at a price of $0.05 and at a price of $0.10 for the next 12 months. The securities for this issue have a hold until December 31, 2013.

The board of directors approved the private placement with those participating abstained from voting relative to their subscription. Torrie Cartier and Dan Tataryn directors of the company each subscribed for 500,000 units. A total of 15 subscribers participated in the private placement. QI Assest management ltd with head office in Selangor Malaysia purchased 2.5 million units. Devan Rajah and Shawn Thorton each earned $6,000.00 in connection with the placement were paid a 10% finder's fee. The private placement was conducted pursuant to the TSX Venture Exchange Temporary Relief Measures from certain pricing requirements bulletin issued by the Exchange on April 12, 2013.

The proceeds are expected to be used over the next 5 months. The estimated amounts are:


 ------------------------------------------------------------
 |Audit, Accounting and Legal   |               |$50,000.00 |
 |----------------------------------------------------------|
 |Business Tax and insurance    |               |$6,000.00  |
 |----------------------------------------------------------|
 |Mineral Property expense      |               |$28,000.00 |
 |----------------------------------------------------------|
 |Office Salary/Rent/Filing Fees|               |$40,000.00 |
 |----------------------------------------------------------|
 |Shareholder Annual Meeting    |               |$26,000.00 |
 |----------------------------------------------------------|
 |Finder’s Fee                  |               |$12,000.00 |
 |----------------------------------------------------------|
 |                              |Estimated Total|$162,000.00|
 ------------------------------------------------------------

The balance of the funds will be used for general working capital purposes being the excluded amount under the relieve measures bulletin.

For further information on the contents of this news release or the activities of the Company, contact Mr. Harry Ruskowsky, President and CEO at (403) 262-9640.

Trio Gold Corp. Suite 145-251 Midpark Blvd. SE Calgary, Alberta T2X-1S3

Phone: (403) 262-9640 - Fax: (403) 262-9759

E-mail:press@triogold.com - Website: www.triogold.com

CUISPa#89669C-108, Exemption #82-2127

Trio Gold Corp. (TSXV:TGK)
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