RENEGADE GOLD INC - TGLDF STOCK NEWS

Trillium Gold Mines has signed a Purchase and Sale Agreement to acquire the Panama Lake Property from St. Anthony Gold Corp., expanding its footprint by 9,882 hectares along the Confederation belt. The total cost includes Cdn $500,000 and 1,000,000 shares. Trillium can earn a 70% interest in the property with subsequent payments and exploration expenditures. The acquisition enhances Trillium's position near Kinross Gold’s Dixie deposit, which may increase its exploration potential. The agreement still requires approval from the TSXV and regulatory authorities.

Trillium Gold Mines Inc. (OTCQX:TGLDF) has amended its Definitive Agreement to acquire the majority of Imagine Lithium Inc.'s Eastern Vision property holdings in Ontario's Red Lake Mining District. This acquisition covers 13,958 hectares and aligns Trillium Gold with significant mining structures, enhancing its land package to over 100 km. The transaction involves the issuance of 2.8 million shares and a $175,000 cash payment, with additional commitments of $186,000 over two years for option agreements. Approval from TSXV is pending.

Trillium Gold Mines announced the completion of purchase option agreements for the Uchi Gold Project and the Satterly Gold Project on April 25, 2022. The Uchi Gold Agreement includes 182 claims over 4,189 hectares adjacent to the Confederation belt, requiring $115,000 in payments, 300,000 shares issuance, and a 2.0% net smelter royalty. The Satterly Gold Agreement involves 28 claims covering 565 hectares with a payment of $63,500, 100,000 shares, and a 1.5% net smelter royalty. Both agreements enhance Trillium's strategic position in the Red Lake Mining District.

Trillium Gold Mines has released promising drilling results from the Newman Todd Complex, confirming significant gold mineralization across multiple east-west structural corridors. Notable findings include 4 meters at 24.2 g/t gold and 1.15 meters at 73.67 g/t gold from hole NT21-202. The company continues to identify new high-priority targets, suggesting potential for expanding resources. These results, derived from drill holes NT21-195 to -203 and RV21-36A, affirm the structural model driving current exploration efforts.

Trillium Gold Mines has signed two purchase option agreements for the Uchi Gold Project and Satterly Gold Project to acquire a 100% interest in these areas within the Confederation greenstone belt. The Uchi Gold Agreement includes 182 claims over 4,189 hectares, enhancing Trillium's position in the Red Lake Mining District. The Satterly Gold Agreement involves five claims covering 565 hectares. Total payments are $178,500, with share issuances of 400,000. Both agreements are subject to TSXV approval, marking a strategic consolidation move for the company.

Trillium Gold Mines Inc. (OTCQX:TGLDF) reported significant surface channel sampling results from its Rivard Property, revealing multiple high-grade gold samples. Highlights include 7 metres at 60.2 g/t Au and 6.6 metres at 12.5 g/t Au. The 90-hectare property displays extensive visible gold in quartz veins and alteration across favorable rock structures. The exploration efforts underscore the potential for expanded gold mineralization linked to east-west structural influences. Trillium aims to refine its exploration strategy based on these findings.

Trillium Gold Mines Inc. (TGLDF) has engaged Red Cloud Securities for market-making services, subject to regulatory approval. Red Cloud, based in Toronto, aims to enhance market stability and liquidity for Trillium Gold shares traded on the TSX Venture Exchange. The company will compensate Red Cloud $5,000 monthly, with no performance metrics tied to the agreement. Trillium Gold is focused on mineral property acquisition and exploration in Northern Ontario, holding significant land in the Red Lake Mining District and surrounding areas.

Trillium Gold Mines has released results from six of eight drill holes from its 2021 program at the 80%-owned Gold Centre Property. The program, totaling 9,329 meters, targets Red Lake Mine stratigraphy. Visible gold was discovered in drill hole GC21-01 at 782.2 meters. Four geological trends were identified, with a deeper fifth gold trend planned for exploration in 2022. The proximity to Evolution Mining’s Red Lake Operations enhances the property's potential, as it shares geological characteristics with the adjacent mine.

Trillium Gold Mines Inc. has announced the resignation of Mr. Robert Schafer as non-Executive Chairman to focus on other commitments. Effective immediately, Russell Starr, the company's President and CEO, will assume the role of Chairman on an interim basis. Starr expressed gratitude for Schafer's contributions since July 2020 and emphasized the company's commitment to advancing gold exploration in the Red Lake Mining District. The company remains focused on acquiring and developing mineral properties in this area, including recent acquisitions in the Confederation Lake and Birch-Uchi greenstone belts.