Trifecta Gold Ltd Announces Effective Date of Share Consolidation

Trifecta Gold Ltd., a listed company on TSX Venture Exchange (TSXV:TG) and OTCQB (OTCQB:TRRFF), declared its approval from the TSX Venture Exchange for a one-for-4 share consolidation, set to commence at the opening of the market on April 25, 2024. The consolidation aims to tighten the public float and facilitate capital raising necessary to meet the company's commitments under its agreement with Strategic Metals Ltd.

This strategic move follows the company's recent entry into a binding agreement with Strategic Metals Ltd., acquiring the rights to Mt. Hinton and 10 other prospective gold projects in Yukon's Tombstone Gold Belt. The share consolidation will reduce the number of Trifecta's issued and outstanding shares from 80,099,286 to 20,024,822. No changes in the company's name or trading symbols on the TSX Venture Exchange and OTC Markets are expected.

Furthermore, Trifecta plans to seek disinterested shareholder approval for this Non-Arm's Length Transaction at its next Annual General and Special Meeting on June 24, 2024.