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Trillium Gold Closes Acquisition of Willis Property

Trillium Gold Mines Inc. (TSXV: TGM) (OTCQX: TGLDF ) (FRA: 0702) ("Trillium Gold" or the "Company") is pleased to report the closing of the previously announced acquisition of thirteen patented mineral claims totaling 229 hectares, collectively known as the "Willis Property". The Property is situated southwest of Trillium Gold's 100%-owned Newman Todd (NT) Property in Todd Township, Red Lake Mining District, Ontario, see Figure 1.

Through the completion of payments totalling $420,000 and an aggregate of 400,000 common shares in the capital of the Company which are subject to a four month hold period, Trillium Gold has acquired 100% interest in the Willis Property. The Property is subject to a 2% net smelter returns (NSR) royalty (the "Royalty"), one-half (1%) of which Trillium Gold has the right to repurchase for consideration of $1.2 million , payable in cash or shares. In addition, the Company has a right of first refusal should the holders of the Royalty choose to sell the Royalty in the future.

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Source: Trillium Gold Mines Inc.
Date: Oct 26, 2021


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