Trifecta Gold Ltd. has discovered new areas of gold mineralization with grades up to 2.43 g/t gold at its road accessible and 100% owned Eureka Gold Project (‘Eureka'). Eureka covers 70 km2 of highly prospective ground in the southern portion of the Yukon's Klondike Gold Fields. Eureka straddles the headwaters of two of the most productive placer creeks in the Klondike Gold Fields, Eureka and Black Hills creeks, and hosts multiple gold showings within an 8 km by 2.5 km gold-in-soil geochemical anomaly.

Within the soil anomaly there are pronounced structural linears that host mineralization. Figure 2 below illustrates the location of the known showings, LiDAR linears, mapped structures, anomalous gold-in-rock sample locations and photos of recently recovered placer gold. In 2021, shallow excavator trenches and hand pits were dug at locations of strongly anomalous gold-in-soil values to determine the bedrock source.

Trifecta was recently granted a 10 year Class 3 Land Use Approval allowing for up to 100 diamond drill holes, 100 RC holes and significant trenching and road construction in order to define areas of economic mineralization on the property. The Company would like to thank the Yukon Government for the Yukon Mining Exploration Program (YMEP) grant it received for Target Evaluation at Eureka in 2021. Eureka Project: The Eureka Gold Project has a long history, with the earliest recorded mineral claims in the area dating back to the early 1900s.

Placer activity in the area dates back to the discovery of gold in the Klondike in 1896 and is still highly active today. Reported gold production from 1978-2020 for Eureka Creek is 101,671 ounces while reported production from Black Hills Creek over the same time period is 115,996 ounces1. Studies of placer gold from Eureka Creek show a fineness of gold that indicates a proximal source.

Previous hard rock exploration on the Eureka property has been conducted by numerous operators intermittently since 1988 and has resulted in the discovery of the Wealth, Childs, Allen, Happy and Ball showings.