Trio Gold Corp. Signs Option Agreement on Chile Project

Business Wire, May 6, 2004

News Editors/Business Editors

CALGARY, Alberta--(BUSINESS WIRE)--May 6, 2004

San Ramon, Chile: Trio Gold Corp. (OTCBB:TROOF) (TSX VENTURE:TGK) and American Canyon Mining Chile Ltda. (ACM) announce that they have signed an option agreement for the exploration and development of the San Ramon property. The San Ramon property is situated 45 km west of Copiapo, Area III, Chile. This 35 km2 property hosts a large vein system with drill-intercepts of high-grade copper mineralization. This system also contains gold and cobalt. Based on geophysical data, the property has potential for porphyry copper mineralization.

Veining is exposed within an area of 1.5km by 2.5km, and appears to extend under sandy cover. Two holes drilled 250m apart on the Carmen vein, by ACM in 2003 and 2004, averaged 5.0m @ 5.3% Cu, 2.1 gm/T Au and 0.12% Co at a depth of 190m to 230m.

Under the Terms of the Agreement, Trio can earn a 60% interest by spending CDN $2,000,000 in year one, $2,500,000 in year two, and $3,000,000 in year three. The option agreement is subject to Trio completing its due diligence and obtaining the necessary funding.

Empire Mine, Idaho: Trio is in the process of reviewing an updated preliminary feasibility report on the Empire Mine, as part of its ongoing due diligence on this project. The Empire Mine is situated 5.5 km southwest of the town of MacKay in Custer County, Idaho. This updated report, by James Golden, P.Eng., of Sierra Mining and Engineering LLC, indicates that the Empire Mine hosts a drill-indicated, acid-leachable, geological resource of 18 million Tonnes grading 0.49% copper with credits for gold, zinc and silver. Within this resource, Mr.Golden identifies a higher-grade zone containing 3.15 million tons grading 1.04% copper/zinc combined, which may be amenable to milling (flotation) processing operations, pending metallurgical testing. The report by Mr. Golden complies with National Instrument 43-101.

Rodeo Creek, Nevada: Trio is the 100% interest owner of the Rodeo Creek property which comprises 29 mineral claims. This property is located 1.6km north of Barrick Gold's Storm deposit at the north end of the "Carlin Trend", and 56 km NW of Carlin, Nevada. The "Carlin Trend" is host to as many as 30 gold mines and advanced projects, on which a combined 100 million ounces of gold production and inventory have been identified to date (USGS, 2002), including world-class deposits such as the Carlin, Goldstrike and Meikle Mines. Trio has identified a number of deep-seated drill targets on the property which could host a potential gold ore resource similar to those found elsewhere on the Carlin Trend. Numerous drill targets remain untested. The company intends to continue work on the property during the summer of 2004.

This release has been prepared by Philip van Angeren P.Geol., director of Trio Gold Corp., a "qualified person" under National Instrument 43-101 guidelines. Mr. van Angeren has reviewed the documentation as supplied by ACM and by Mr.Golden, and has no reason to believe that there are any misrepresentations in the information provided by these reports.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.