Trio Gold Corp.

Trio Gold Corp.

May 19, 2010 16:31 ET

Trio Gold Corp.: News Release

CALGARY, ALBERTA--(Marketwire - May 19, 2010) - Trio Gold Corp.(" Trio" ) (TSX VENTURE:TGK) (PINK SHEETS:TROOF) announces that drilling is now in progress on its Rodeo Creek property located in the northern portion of the prolific gold producing Carlin Trend in Elko county Nevada. The first phase of the drill program will test a number of potential gold bearing structures not previously drill tested in the south and west areas of the property. The company will also drill a series of reverse circulation drill holes in the Flower Zone area to further test an area of gold mineralization identified in past drill programs. The drill program is being funded by Amarok Resources Inc, pursuant to a joint venture farm out agreement.

The TSXV has conditionally approved the company's application for a private placement of up to 5 million units at a price of $0.15 per unit. Each unit will consist of one common share and one common share purchase warrant (the "warrant"). Each warrant will entitle the holder to acquire one common share of the company at a price of twenty cents ($0.20) per share for a period of one year from the date of closing. The net proceeds will be used for working capital and property evaluation. The shares issued pursuant to this placement will be subject to a four month hold period from the date of closing.

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

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Trio Gold Corp.
    Mr. Harry Ruskowsky
    President & CEO
    (403) 262-9640
    Trio Gold Corp.
    Suite 145, 251 Midpark Blvd. S.E.
    Calgary, Alberta T2X-1S3
    (403) 262-9640
    (403) 262-9759 (FAX)