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Trillium Gold Signs Agreement to Acquire 15,000 Hectares in the Confederation Greenstone Belt

Structurally and geologically similar to Great Bear's LT Fault Zone



Adding just over 15,000 hectares of prospective property



Expanding the contiguous land package at the Leo Property to approximately 23,000 hectares



Targeting high grade gold mineralization in magnetite depleted felsic rocks in a traditional VMS terrane similar to the LP Gold Zone; and



Targeting high grade gold in metasedimentary rocks similar to those of Newmont's A?lA©onore Mine

VANCOUVER, BC, Nov. 24, 2020 /PRNewswire/ -A Trillium Gold Mines Inc. (TSXV: TGM) (OTCQX: TGLDF) (FRA: 0702) ("Trillium Gold" or the "Company") is pleased to announce that it has signed an agreement to acquire a 100% interest in the Confederation Lake Properties ("Confederation Belt") from Pistol Bay Mining Inc. consisting of nearly 15,000 hectares. The purchase price for the Confederation Belt properties is $500,000 in cash and $1,250,000 of Trillium Gold Shares, based on the 5 day VWAP of the Trillium Gold Shares 2 business days prior to the Closing Date. The completion of the transaction is subject to the approval of the TSX Venture Exchange. The discovery of gold mineralization in these particular rock units is a very recent discovery and realization in this region. In 2019, Great Bear Resources was the first to discover significant gold mineralization associated with the felsic volcanics in the camp, previously untested and ignored given that it was not known as the typical host rock in the Red Lake Gold Camp. The discovery of gold mineralization in this rock type has resulted in a new understanding and developments associated with geological exploration in the camp.A  Great Bear's discovery of the LP Gold Zone at the Dixie Project is nearly 4km long with a low grade halo up to 400m wide. We believe the Confederation Lake Properties we have acquired have similar geological and structural characteristics as at Great Bear's LP Zone.Trillium Gold plans to target breaks within the mag high areas on the newly acquired claims, along strike from VMS style mineralization and in close proximity to deformed meta-sedimentary rocks with characteristics similar to those of the geological marker sequence identified at the LP Fault.A  Russell Starr, CEO of Trillium Gold comments "The possibility for these newly acquired claims to have the potential of hosting economic mineralization is exciting for the company. Trillium Gold continues to execute on its strategy of becoming a major player in the Red Lake district. These properties, in the Confederation greenstone belt, have similar geology to Great Bear's Dixie project. The prospect of potentially finding another Dixie in this land package is tremendously exciting for Trillium Gold's shareholders."
Trillium Gold Signs Agreement to Acquire 15,000 Hectares in the Confederation Greenstone Belt
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