Trident Gold Corp. Announces Closing of Share Sale Transaction

TORONTO, ONTARIO--(Marketwired - April 20, 2016) - Further to its news release dated February 11, 2016, Trident Gold Corp. ("Trident" or the "Company") (TSX VENTURE:TTG) announced the completion of the transaction with Bullet Holding Corp. (the parent company to Grupo de Bullet S.A.S.) that resulted in the sale of substantially all of its exploration assets (the "Transaction").

"Closing the Transaction completes our strategic initiative of exiting the junior mineral exploration industry," said Robert Neill, Chief Financial Officer of Trident. "Moving forward, we are selectively evaluating opportunities in various sectors and look forward to redeploying our capital into assets that we hope will generate significant shareholder value."

Transfer to NEX

As a result of the closing of the Transaction, and in accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective April 26, 2016, the Company's listing will transfer to NEX, and the trading symbol for the Company will change from "TTG" to "TTG.H".

Caution Regarding Forward-Looking Information

This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward- looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause the performance or achievement by Trident to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. These factors include the failure to obtain the required approvals. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements contained in this New Release are expressly qualified by this cautionary statement. The Company is not under any duty to update any of the forward-looking statements after the date of this press release or to conform such statements to actual results or to changes in the Company's expectations and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.