Trinity One Metals Ltd【TOM】株式ニュース

Trinity One Metals Provides Operations Update on Silver-1 Mine and Victory ProjectJune 10, 2026 8:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 10, 2026) - Trinity One Metals Ltd. (TSXV: TOM) (FSE: 5D5) ("Trinity One" or the "Company") is pleased to provide an operations update on the Silver-1 Mine in Ecuador and Victory Project in Mongolia.The Company is advancing Silver-1 through a multi stream technical program focused on systematic tailings sampling, waste rock evaluation and geophysical planning to generate priority diamond drill targets. In Mongolia, the Company has recently completed a three hole diamond drilling campaign at the Victory Project for a total of approximately 600 metres, with assay results pending.HighlightsInitial samples of tailings from Silver-1 returned 132.82 g/t silver and 0.58 g/t gold, and 118.47 g/t silver and 0.50 g/t gold.Initial waste rock sampling from the historic Silver-1 Mine area returned results including 405.27 g/t silver and 3.07 g/t gold.Trinity One is preparing a systematic tailings drilling and sampling program, currently expected to commence July 2026.Community engagement is advancing, with the Company targeting completion of the current engagement phase by the end of June 2026.The Company has completed a three hole diamond drilling campaign at the Victory Project in Mongolia for a total of approximately 600 metres and is currently awaiting assay results.Thomas Wood, Chief Executive Officer of Trinity One, commented:"Silver-1 is moving from historical review into modern field execution. Initial silver results from the tailings material are encouraging, particularly as the results received to date are broadly consistent with the historical 2007 sampling data."The Company is moving beyond initial sampling toward a systematic 15 metre by 15 metre tailings program designed to test the grade, thickness and continuity of the material across the tailings area. This work will give us a much clearer understanding of the scale, grade distribution and potential pathways to realise future value from the tailings."In Mongolia, we are pleased to have completed our three hole diamond drilling campaign at Victory. We now have two active technical workstreams across the portfolio, with assay results pending from Victory and further fieldwork expected from Silver-1."Silver-1 Mine, EcuadorThe Silver-1 Mine is located in the historic San Bartolomé silver district of Ecuador. The project area contains historic mine workings, tailings, waste rock material and broader exploration potential.The Company has recently completed a 3D mapping program over the project area, providing a modern base map to support planned sampling, geophysical work, future drilling and environmental planning. This work is expected to assist in defining access, surface features, historic workings, tailings geometry and future work areas.The Company's current focus is the systematic evaluation of the project's tailings and waste rock areas, while advancing broader geological and geophysical diamond drill target generation across the project to define an NI 43-101 compliant resource.Initial Assay ResultsThe Company has received initial assay results from recent sampling of tailings and waste rock material at Silver-1.Initial tailings material returned:Sample MaterialAg g/tAu g/tPb %Zn %Sample 1Tailings material118.470.500.171.97Sample 2Tailings material132.820.580.161.87 Waste Rock EvaluationThe Company is also progressing evaluation of the project's historic waste rock areas.Initial waste rock assays have returned silver, gold, lead and zinc values, including a sample grading 405.27 g/t silver and 3.07 g/t gold. The Company views these results as extremely encouraging and intends to undertake further systematic drilling and sampling of the waste rock areas.The current waste rock work plan includes manual pits and surface sampling designed to provide an initial understanding of grade variability and material distribution. If results support further work, the Company may consider larger scale mechanical sampling or drilling based evaluation.Initial waste rock samples returned:SampleMaterialAg g/tAu g/tCu %Pb %Zn %S1-R003-AWaste rock - Silver-1 Mine135.220.670.030.721.60S1-R004-AWaste rock - Silver-1 Mine31.530.190.010.090.06S1-R006-AWaste rock - Silver-1 Mine51.440.180.000.040.12S1-R007-AWaste rock - Silver-1 Mine405.273.070.082.354.32 The Company cautions that these results are from an initial and limited sample set and should not be considered representative of the broader tailings or waste rock areas. Further systematic sampling is required to determine grade distribution, continuity, thickness and potential tonnage.Systematic Tailings Program Trinity One is preparing a systematic drilling and sampling program over the Silver-1 tailings area. The Company plans to drill in a 15 metre by 15 metre grid, comprising approximately 35 sampling points across the tailings area. Sampling points are expected to be advanced to approximately 8 to 10 metres depth where ground conditions allow. Sampled at one metre intervals, the program is expected to generate approximately 350 samples, subject to final decisions regarding sample intervals and compositing. The objective of the program is to better define the thickness of the tailings, lateral and vertical grade distribution, potential tonnage, silver, gold, lead and zinc distribution, material characteristics, geotechnical conditions and potential future processing pathways.The Company expects this program to be the first major modern systematic evaluation of the Silver-1 tailings area.No mineral resource or mineral reserve has been established at Silver-1, and the Company is not treating the tailings as a current mineral resource or mineral reserve. Further systematic sampling, QA/QC, technical review and independent verification will be required.Geophysics, Geotechnical Work and Target GenerationThe company is advancing multiple geophysical and geotechnical workstreams at Silver-1. Current planning includes vertical electrical soundings over the tailings and waste rock areas to assist in understanding subsurface geometry, material boundaries, stratigraphy and depth potential. The Company is also progressing geotechnical assessment work, including evaluation of the tailings wall and related stability parameters. In parallel, the Company is advancing drone magnetic survey planning. The objective of this work is to support both the tailings evaluation program and broader exploration targeting across the historic San Bartolome mineralized system.The Company believes the integration of 3D mapping, geophysics, sampling and historical data will provide a significantly stronger platform for future drilling and exploration decisions.Map of the Silver-1 Mine area showing planned tailings drilling [green] and waste rock sampling [pink] To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4933/300861_6d067a7534fea901_002full.jpgCommunity and Environmental WorkCommunity engagement remains a central priority at the Silver-1 Mine. The Company's local team is progressing engagement with community members and local representatives in the San Bartolomé area. The current engagement phase is expected to continue through June, with the Company targeting completion by the end of the month.Subject to successful completion of the current community engagement phase, the Company expects to commence the planned tailings drilling and sampling program in early July 2026. The Company is also evaluating the establishment of a fixed local presence in San Bartolomé to support ongoing community engagement, field operations and future technical work.Trinity One has received approval for its basic environmental registry and has commenced further baseline registry processes. These processes are intended to document the current environmental condition of the project area and support future regulatory and field planning.The Company is also progressing discussions with the Universidad del Azuay regarding potential technical and research collaboration. Victory Project, MongoliaTrinity One is pleased to report that it has completed a three hole diamond drilling campaign at the Victory Project in Mongolia.The program totalled approximately 600 metres of diamond drilling and was designed to test priority targets generated from previous geological, geochemical and geophysical work.Core from the program has been logged, sampled and submitted for laboratory analysis. The Company is currently awaiting assay results and will provide a further update once results have been received, reviewed and interpreted.Qualified PersonThe scientific and technical information in this news release has been reviewed and approved by Enkhtuvshin Khishigsuren, P.Eng., an independent geological consultant to the Company and a Qualified Person as defined by National Instrument 43-101.The historical information referenced in this news release has been derived from prior project records and historical reports. A Qualified Person has not completed sufficient work to verify all historical information, and the Company is not treating any historical estimate as a current mineral resource or mineral reserve. Further systematic exploration, sampling, QA/QC, technical review and independent verification will be required.About Trinity One Metals Ltd.Trinity One Metals Ltd. (TSXV: TOM) is a precious and base metals explorer focused on building a portfolio of high growth projects with exposure to some of the world's most in demand metals. The Company's strategy is to acquire and advance assets with strong geological fundamentals, clear catalysts, and the ability to deliver discovery and growth through disciplined modern exploration.ANNEXURE A: Section of a news release showing historic tailings and waste rock sampling from EcuaGold at Silver-1 in October 2007To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4933/300861_trinityone06102026.jpgSource: EcuaGold Resources Ltd., "EcuaGold's Sampling Program Supports Historical High-Grades at San Bartolomé", news release dated November 1, 2007. EcuaGold Resources Ltd. was then listed on the TSX Venture Exchange under the symbol EGR. The historical assay results are reproduced for background and geological context only.The historical results reported by EcuaGold consist of grab, tailings and rock-chip samples collected from the San Bartolomé Project. Trinity One has not yet independently verified all historical sampling, analytical, QA/QC, sample location or chain of custody information underlying these results. Grab samples are selective by nature and may not be representative of mineralisation across the Project. The Company's Qualified Person has reviewed the historical disclosure for context but further systematic sampling, assaying and verification work will be required before the Company can rely on the historical results for resource estimation or economic analysis.For further information, please contact:Thomas Wood
CEO
twood@qcap.com.auCautionary Note Regarding Forward-Looking InformationThis news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking information in this news release includes, but is not limited to, statements regarding the Company's plans, expectations, objectives, strategies and future activities at the Silver-1 Mine in Ecuador and the Victory Project in Mongolia; the timing, design, scope, objectives and potential results of proposed exploration, sampling, drilling, geophysical, geotechnical, environmental and community engagement programs; the proposed systematic tailings drilling and sampling program at Silver-1, including the proposed 15 metre by 15 metre grid, the expected number of sampling points, expected depths, expected number of samples and proposed sample intervals; the Company's expectation that such program may commence in July 2026; the Company's expectation that the current community engagement phase may be completed by the end of June 2026; the potential establishment of a local project presence in San Bartolomé; the potential for further environmental baseline work, geophysical work, drone magnetic surveys, vertical electrical soundings, geotechnical assessments, target generation and future diamond drilling; the Company's expectations regarding the ability of technical work to define tailings thickness, lateral and vertical grade distribution, potential tonnage, metal distribution, material characteristics, geotechnical conditions, potential future processing pathways and broader exploration targets; the potential for Silver-1 to host tailings, waste rock and broader mineralisation opportunities; the potential for future work to support the estimation of a mineral resource; the timing, receipt, review and interpretation of assay results from the Victory Project; the Company's intention to provide further updates; and the Company's broader strategy, technical program and project advancement plans.Forward-looking information is generally identifiable by words such as "plans", "expects", "intends", "anticipates", "believes", "estimates", "targets", "may", "will", "could", "should", "potential", "proposed", "designed to", "subject to", "expected", "future", "program", "priority", "advancing" and similar expressions, although not all forward-looking information contains these identifying words.Forward-looking information is based on the Company's current expectations, estimates, forecasts, assumptions, interpretations and beliefs as of the date of this news release. These assumptions include, but are not limited to, assumptions that the Company will be able to obtain or maintain required community support, surface access, permits, approvals, environmental registrations and other authorisations required to conduct its proposed work programs; that contractors, consultants, laboratories, equipment, personnel and logistical support will be available on acceptable terms and within expected timeframes; that the Company will have sufficient working capital to carry out its planned activities; that weather, access, security, transport, social, regulatory and operational conditions will allow fieldwork to proceed as currently contemplated; that the Company's current geological interpretations, historical data review and initial sampling results are sufficiently reliable for planning purposes; that assay results, QA/QC review and technical interpretation will be received and completed in a timely manner; that commodity prices, exchange rates, capital markets and general business conditions will remain supportive of the Company's plans; and that no material adverse change will occur in respect of the Company's projects, licences, concessions, permits, regulatory position, community relationships or operating environment.Although the Company believes the expectations and assumptions reflected in the forward-looking information are reasonable as of the date of this news release, forward-looking information is inherently uncertain and subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, achievements or events to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, risks relating to early-stage mineral exploration; the limited and preliminary nature of the sampling results reported in this news release; the risk that initial tailings and waste rock samples may not be representative of the broader tailings area, waste rock areas or mineralised system; the risk that further systematic sampling, drilling, assaying, QA/QC review, metallurgical testing, geotechnical assessment or independent verification may not confirm the initial or historical results; the risk that historical information, including historical sampling results, may be incomplete, inaccurate, not independently verifiable or not prepared to current standards; the risk that no mineral resource or mineral reserve is ultimately established at Silver-1 or Victory; the risk that exploration results do not demonstrate grade continuity, thickness, tonnage, recoverability, economic potential or continuity of mineralisation; risks relating to assay delays, laboratory performance, sample preparation, chain of custody, QA/QC procedures, duplicate and check assays and technical interpretation; risks relating to metallurgical recoveries, processing assumptions, material characterisation and potential future processing pathways; risks relating to tailings geometry, stability, geotechnical conditions, environmental conditions and historical mine workings; risks relating to community engagement, social licence, local stakeholder expectations, surface access, landowner access, environmental baseline work, permitting, regulatory approvals and government relations in Ecuador and Mongolia; risks relating to the availability and cost of contractors, consultants, drilling crews, geophysical providers, laboratories, transport and field personnel; operational risks, including weather, terrain, site access, safety, security, equipment failure, logistical delays and cost overruns; risks relating to title, concession standing, licence conditions and regulatory compliance; risks relating to political, legal, fiscal, currency and regulatory conditions in the jurisdictions in which the Company operates; risks relating to commodity prices, capital markets, financing availability, dilution, exchange rates and general economic conditions; and other risks normally associated with mineral exploration and development.The Company cautions that the Silver-1 Mine and the Victory Project are exploration-stage projects. No mineral resource or mineral reserve has been estimated for Silver-1 or Victory, and the Company is not treating any tailings, waste rock, historical workings, historical estimate, historical sampling result or exploration target as a current mineral resource or mineral reserve. Any reference to potential tonnage, grade distribution, continuity, scale, processing pathways, future resource definition or economic potential is conceptual in nature and subject to substantial additional exploration, sampling, assaying, QA/QC, metallurgical, geotechnical, environmental, engineering and independent technical review. There has been insufficient exploration to define a mineral resource at Silver-1 or Victory, and it is uncertain whether further exploration will result in the definition of a mineral resource.Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this news release is made as of the date of this news release, and the Company disclaims any obligation to update or revise such forward-looking information, whether as a result of new information, future events or otherwise, except 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300861 Original: Trinity One Metals Provides Operations Update on Silver-1 Mine and Victory Project

Trinity One Metals Closes Acquisition of "Silver-1" Historic Silver Mine in Southern EcuadorFebruary 4, 2026 8:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 4, 2026) - Trinity One Metals Ltd. (TSXV: TOM) (OTC Pink: ARJNF) (FSE: 5D5) (the "Company" or "Trinity One") is pleased to announce that it has closed its previously announced acquisition (the "Transaction") of 100% of the issued and outstanding shares of 1560287 B.C. Ltd. (the "Target"). The Target owns 100% of Ecuador Gold S.A. ("EGE"), the registered titleholder of the San Bartolomé Project, comprised of the "Silver-1" concession (the "Project" or "Silver-1 Mine").The Silver-1 Mine is a past producing, high grade silver system with multiple clear pathways for modern verification and expansion. Trinity One has obtained full corporate control of the entity that holds the Silver-1 Mine concession and associated historical project data, permitting information, and documentation.The Transaction closed on February 4, 2026 (the "Closing") following receipt of final acceptance from the TSX Venture Exchange (the "TSXV").Management Commentary"The acquisition of the Silver-1 Mine represents a significant milestone for Trinity One, securing full ownership of a high grade, past producing silver mine with substantial geological upside," said Thomas Wood, Chief Executive Officer of Trinity One. "With complete control of the concession and access to extensive historical technical and permitting records, the Company is well positioned to efficiently validate prior work and advance Silver-1 toward a modern, compliant resource estimate." "The Silver-1 mine positions Trinity as one of the lowest market cap companies on the TSXV with a past producing silver asset. We're excited to advance this Project quickly and responsibly, starting with a focused confirmation program."Transaction SummaryUnder the Transaction, total consideration consisted of: (i) US$540,000 in cash (the "Cash Consideration"); and (ii) 5,000,000 common shares of the Company (the "Consideration Shares"). The Cash Consideration is payable as follows, with all timelines commencing from the Closing: US$90,000 paid on the Closing; US$50,000 payable on the 6 month anniversary of the Closing; US$200,000 payable on the 13 month anniversary of the Closing; and US$200,000 payable on the 18 month anniversary of the Closing. The Consideration Shares have been issued are subject to a statutory four month hold period under applicable Canadian securities laws and will also be subject to additional voluntary resale restrictions such that 1/3 of the Consideration Shares may not be transferred or resold until 12 months after the Closing date, 1/3 may not be transferred or resold until 24 months after the Closing date, and 1/3 may not be transferred or resold until 36 months after the Closing date. The Transaction was an arm's length transaction. No finder's fees were paid in connection with the Transaction. The Company assumed known liabilities and obligations of the Target as at Closing, including a US$43,500 balance payment obligation. The Company also intends to progress a structured process to bring EGE and the Silver-1 Mine concession into good standing, including addressing outstanding governmental, administrative and concession related obligations, as such liabilities arise and are quantified, and subject to ongoing legal and regulatory review.About the Silver-1 MineThe Silver-1 Mine concession comprises approximately 3,108 hectares and is located in Azuay Province, southern Ecuador, approximately 20 kilometres southeast of the city of Cuenca. The project area lies at elevations ranging from approximately 2,800 to 3,300 metres above sea level and is accessible by road from Cuenca, providing established regional infrastructure and access.Mineralization at Silver-1 consists of numerous sub parallel, near vertical sulphide veins arranged in elongated, step like zones striking east-northeast. The deposit is classified as an epizonal silver-lead-zinc vein system and forms part of the broader Cañar-Azuay silver belt of southern Ecuador, a metallogenic belt that has been the subject of multiple regional geological studies and documented mineral occurrences.The Silver-1 Mine was initially discovered in 1966 following a regional geochemical survey conducted by the United Nations Development Programme. This early work identified anomalous silver and base metal signatures, which prompted a series of follow up exploration programs aimed at delineating the extent and character of mineralization within the area.Subsequent exploration undertaken between 1969 and 1972 included geophysical surveys, detailed soil geochemistry, trenching, and eight diamond drill holes. These programs successfully identified mineralization in two principal sectors: the Shunaste Sector, located immediately north of the town of San Bartolomé, and the Ocashuaico Sector, situated to the northwest. Both sectors are fully contained within the boundaries of the Silver-1 Mine concession and represent the core focus of historical exploration and development activity. Between 1976 and 1978, the United Nations Rotary Foundation conducted more advanced investigations across both sectors. This work program included additional trenching, drilling, and the excavation of exploration pits, further confirming the continuity and structural control of the mineralized vein systems and supporting the advancement of the project toward small scale production.From 1989 to 1994, a joint venture between Nissho Iwai of Japan and Ag-Armeno Mines & Minerals Inc. of Canada conducted further exploration and small scale mining activities at the Silver-1 Mine. During this period, mining operations were carried out on two principal vein structures accessed from three main levels via adits, employing standard underground mining methods. Approximately 3,570 metres of underground development was completed during this phase of operations. During this time, a 100 tonne per day mill was reported to have been in operation. The average silver price over this period was approximately $4-5/oz. An historical tailings dam has been identified on site and will be subject to further economic assessment by the company. The Company has not yet verified historical site infrastructure. A 1993 publication on the mine reported that operations were exploiting a mineralized zone approximately 500 m by 100 m, with a vertical extent of about 90 m, accessed via four haulage levels, with a fifth level under development at the time. That publication also reported estimates of tonnage and grade. However, as the underlying primary source report is not currently available and key estimation methodologies, parameters and assumptions are not disclosed, the Company is not treating these figures as a current mineral resource or mineral reserve. Accordingly, the company is treating the tonnage and grade solely as an exploration target, expressed as ranges and derived from the secondary source, with a potential quantity of approximately 200,000 to 700,000 tonnes grading between 15 and 25 oz/tonne silver, with associated zinc grades of 2.2% to 3.6% and lead grades of 0.9% to 1.4%. The potential quantity and grade of the exploration target is conceptual in nature, there has been insufficient exploration by Trinity One to define a current mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.Published literature indicates that mineralization at the Silver-1 Mine remains open both along strike and down dip beyond the limits of the historical underground workings (Mulshaw and Puig, 1994; Mulshaw et al., 1997)ReferencesPuig, C.A. (1993) Ecuador, Mining Annual Review 1993 (Mining Journal Ltd., London, United Kingdom), p. 128Jemielita, R.A. and Bolaños, J. (1993). San Bartolomé. In: Ore Deposits of Ecuador, Mining Journal Ltd., London, United Kingdom, p. 35Mulshaw, S.C. and Puig, C.A. (1994). Silver mineralisation at San Bartolomé, Azuay, Ecuador. In: Mining Latin America, Institution of Mining and Metallurgy, Chapman and Hall, pp. 165-180.Mulshaw, S.C., Puig, C., Spiro, B., and Buchanan, D.L. (1997). Genesis of Epizonal Ag Vein Mineralization at San Bartolomé in Central Ecuador: Textural Evidence, Fluid Inclusions, and Stable Isotope Geochemistry. Economic Geology, Vol. 92, pp. 210-227.United Nations Development Programme (1972). The San Bartolomé Silver prospect (operation #5, Azuay Province). Technical Report No. 17: Survey of metallic and non-metallic minerals (Phase III), Republic of Ecuador.Cautionary Note Regarding 1993 Exploration Target
In this cautionary note, the term "Historical Estimate" refers to historical tonnage and grade information summarised in Puig (1993), which is a secondary source, and which is disclosed by the Company solely as an exploration target. The Historical Estimate is considered relevant in that it relates to historical mining and reserve reporting at the Project; however, its reliability is uncertain because the source does not disclose key estimation parameters and assumptions required under current standards, including the estimation methodology, data verification procedures, sampling and analytical QA/QC, density, cut off grade, dilution and mining recovery, metallurgical recoveries, and the economic assumptions and modifying factors necessary to support a mineral reserve declaration.The Historical Estimate predates NI 43-101 and current CIM Definition Standards. While the terms "proven" and "probable" used in the Historical Estimate are terminology historically applied to mineral reserves and have similar names to CIM "Proven Mineral Reserve" and "Probable Mineral Reserve" categories, the historical terminology was not reported with the level of supporting technical/economic studies and disclosure of modifying factors required under current CIM Definition Standards to support CIM Mineral Reserve classifications. The Historical Estimate therefore cannot be meaningfully reconciled to current CIM Definition Standards or reported as a current mineral reserve in the absence of the required supporting technical and economic analysis and disclosure of modifying factors. The 0.20-0.70 Mt quantity range is derived from the tonnages reported in Puig (1993) by combining 55,000 t + 150,000 t (205,000 t, rounded) for the lower end and including the additional Shunaste tonnage estimate (205,000 t + 500,000 t = 705,000 t, rounded) for the upper end. The grade ranges are derived by applying an indicative ±25% factor to the single set of grades reported in Puig (1993), reflecting that the underlying primary source report(s) are not available and Shunaste is described only as "similar grade" without separate grade disclosure.As of the date of this news release, the Company has not identified any more recent published current NI 43-101 mineral resource or mineral reserve estimates for the Project; however, a public technical report authored by Ing. Jaime Aldaz Santana dated 25 October 2007 summarises historical operating information (including historical concentrate grades and recoveries) and other historical technical information.A Qualified Person has not done sufficient work to classify the Historical Estimate as a current mineral resource or mineral reserve, and Trinity One is not treating the Historical Estimate as current. In order to verify and upgrade the Historical Estimate, the Company would need to obtain and validate the underlying historical data (including assays, QA/QC, surveys and documentation), confirm density and geological interpretations, and complete sufficient modern drilling/sampling and analytical work under appropriate QA/QC and chain of custody procedures to support a current mineral resource estimate prepared in accordance with NI 43-101.Qualified PersonThe scientific and technical information in this news release has been reviewed and approved by Enkhtuvshin Khishigsuren, P.Eng., an independent geological consultant to the Company and a Qualified Person as defined by National Instrument 43-101.About Trinity One Metals Ltd.Trinity One Metals Ltd. (TSXV: TOM) is a precious and base metals explorer focused on building a portfolio of high growth projects with exposure to some of the world's most in demand metals. The Company's strategy is to acquire and advance assets with strong geological fundamentals, clear catalysts, and the ability to deliver discovery and growth through disciplined modern exploration.The Company further announces that it has granted an aggregate of 2,800,000 incentive stock options (the "Stock Options") to directors, officers, and consultants of the Company pursuant to its incentive stock option plan (the "Plan"). Each Stock Option is exercisable to acquire one common share of the Company at an exercise price of $0.30 per share for a period of five (5) years from the date of grant. The Stock Options vest immediately and are subject to the terms and conditions of the Plan and the policies of the TSX Venture Exchange.Cautionary Note Regarding Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.Forward-looking information in this news release includes statements related to: the timing and payment of the deferred cash consideration; the Company's ability to assume and settle liabilities and obligations; the Company's intended process to bring EGE and the Silver-1 Mine concession into good standing; the Company verifying historical work and advancing the project toward a modern resource estimate; and the Company's anticipated plans for compilation, verification, and confirmation work programs in respect of the Project.Forward-looking information is based on management's reasonable assumptions, estimates, expectations, and opinions as of the date of this news release. A variety of factors, including known and unknown risks, many of which are beyond the Company's control, could cause actual results to differ materially from the forward-looking information in this news release. These include: the ability to make deferred cash payments when due; the availability and reliability of historical records; the ability to verify historical information; the results of any future exploration and confirmation programs (which cannot be guaranteed); availability of capital and labour; changes in laws or permitting requirements; the ability to bring the concession into good standing; and such other factors as may impact future activities in respect of the Project.Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation. Accordingly, readers should not place undue reliance on forward-looking statements.Neither the TSXV nor its Regulation Services Provider (as that term is defined in TSXV policies) accepts responsibility for the adequacy or accuracy of this news release.For further information, please contact:Thomas Wood
Chief Executive OfficerTrinity One Metals Ltd.
twood@qcap.com.auTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/282605
Original: Trinity One Metals Closes Acquisition of "Silver-1" Historic Silver Mine in Southern Ecuador