Trifecta Increases Financing from $1,000,000 up to $2,000,000 Due to Strong Demand from Institutions, Strategic Investors and Insiders

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

VANCOUVER, June 9, 2021 - Trifecta Gold Ltd. (TSXV:TG) ("Trifecta" or the "Company") is pleased to announce that, subject to regulatory acceptance, it will increase the size of the private placement previously announced on June 2, 2021. Due to significant investor demand from institutions, strategic investors and insiders, the private placement will be increased from 10,000,000 units up to 20,000,000 units priced at $0.10 per unit with updated warrant terms. Each unit will consist of one common share and one common share purchase warrant, with each warrant to entitle the holder to purchase one common share at an exercise price of $0.20 for a period of 24 months following the closing and subject to an accelerator clause. The Company shall have the right to accelerate the expiry period of the warrants after the four month hold has expired and its common shares close at or above $0.40 for a period of 10 consecutive trading days. If Trifecta exercises such right, the Company will give a 30 day notice to the holders that the warrants will expire.

All of the shares issued pursuant to this private placement, including any shares that may be issued pursuant to the exercise of the warrants, will be subject to a hold period in Canada of four months plus one day from closing. The proceeds from this private placement, which is subject to TSX Venture Exchange acceptance, will be used to fund exploration activities, and for working capital purposes.

About Trifecta Gold Ltd.

Trifecta is a Canadian-based precious metals exploration company dedicated to increasing shareholder value through the discovery and development of 100% held gold projects in Yukon and Nevada. Initial drilling at its Yuge Gold Project, located in northern Nevada, has identified multiple broad zones of gold mineralization near historical high grade mines. The Company's Eureka Project hosts an 8 x 2.5 kilometre belt of surface showings and anomalous gold-in-soil that straddle the headwaters of two of the most productive placer creeks in Yukon's southern Klondike Goldfields.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for the sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

ON BEHALF OF THE BOARD

"Richard Drechsler"

President and CEO

For further information concerning Trifecta or its various exploration projects please visit www.trifectagold.com or contact:

Corporate Information

Trifecta Gold Ltd.
Richard Drechsler
President and CEO
Tel: (604) 687-2522 ext. 262

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

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 news release.

SOURCE: Trifecta Gold Ltd.