Trio Gold Corp.

Trio Gold Corp.

July 31, 2009 12:44 ET

Trio Grants a Non-Exclusive Extension to Coastal Pacific Mining Corp.

CALGARY, ALBERTA--(Marketwire - July 31, 2009) - Trio Gold Corp. (TSX VENTURE:TGK) (PINK SHEETS:TROOF) ("Trio") and Coastal Pacific Mining Corp. ("CPM") have amended their May 19th, 2009 Option Agreement.

Under the amended terms Trio has granted CPM a non-exclusive extension until October 15th, 2009 to provide US$ 1,000,000 in exploration funds for Trio's Rodeo Creek property. CPM can earn a 40% working interest in the property by providing a total of US$2,000,000 by July 15th, 2010. CPM has the right to earn a total of 70% interest by completing a bankable feasibility. Trio has received 300,000 shares of CPM in accordance with the original agreement. Management took into consideration the current market conditions, and believes that this non-exclusive extension is in the best interest of Trio's shareholders.

The Carlin Trend is the most prolific gold area in North America, and hosts as many as thirty gold producing mines and development projects, on which over 100 million ounces of gold production and inventory have been identified to date. The Rodeo Creek property is located 1.5 kilometers northwest of Barrick's Storm deposit. Trio's property exhibits geological and alteration features common to all deposits on the Carlin Trend. Five geochemically anomalous targets have been identified, and the drill program planned for this year will test a number of these.

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

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

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) 262-9759 (FAX)