Trifecta Gold Options Yuge Project to Nortec Minerals

Rhea-AI Summary

Trifecta Gold (TSXV:TG, OTCQB:TRRFF) granted Nortec Minerals an option to earn 100% of the Yuge gold project in northern Nevada.

Nortec paid an initial $25,000 and can earn the property via escalating annual payments totalling $2,000,000 over five years; up to 50% of payments may be satisfied with Nortec shares at a 10-day VWAP. The Yuge remains subject to an underlying royalty and resource payments to Silver Range. Transaction is subject to TSX Venture Exchange approval.

Positive

• Monetizes a non-core asset for potential cash or equity value
• $2.0M total earn-in over five years provides staged consideration
• Share-payment option allows flexibility in satisfying up to 50% of annual payments

Negative

• Yuge remains encumbered by an underlying royalty and resource payments to Silver Range
• Transaction is subject to TSXV approval, which could delay or alter terms
• Up to 50% payment in shares may dilute Nortec shareholders and affect valuation dynamics

VANCOUVER, BC / ACCESS Newswire / February 25, 2026 / Trifecta Gold Ltd. (TSXV:TG)(OTCQB:TRRFF) ("Trifecta" or the "Company") is pleased to announce it has granted Nortec Minerals Corp. ("Nortec") the option to earn a 100% interest in its Yuge gold project (the "Yuge"), located in northern Nevada.

Following an initial payment of $25,000 to secure the option, Nortec can earn a 100% interest in the Yuge by making escalating annual payments to Trifecta totalling $2,000,000 over 5 years. The Yuge will remain subject to an existing underlying royalty and defined resource payments owed to Silver Range Resources Ltd, the previous property owner. The initial payment to Trifecta and up to 50% of the annual payments can be satisfied by issuing to Trifecta shares of Nortec valued at the 10-day volume weighted average price. The transaction is subject to approval from the TSX Venture Exchange.

Trifecta is pleased to monetize a non-core property holding while it focuses on discovering new gold deposits within the Yukon's Tombstone Gold Belt. Trifecta drilled 1.02 g/t gold over 37 metres in its first ever drill hole at the Rye Project in 2025 and the Company is currently planning a follow-up program for summer 2026. Gold results at the Rye Project correlate strongly with bismuth, tellurium and tungsten, providing additional evidence that Rye hosts a Reduced Intrusion Related Gold System.

Upcoming Events

Trifecta Gold will be attending the following events:

PDAC - Toronto, ON: March 1-4, 2026 at booth IE 3124
Deutsche Goldmesse - Frankfurt, Germany: May 15 & 16, 2026
Yukon Mining Alliance Conference and Tours - Dawson City, YK: July 12-15, 2026

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. Trifecta has secured an option to acquire a 100% interest in Mt. Hinton, Rye and 9 other highly prospective, intrusion-related gold projects located in Yukon's Tombstone Gold Belt where over 20 million ounces of gold have been discovered since May 2020. 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. Trifecta's Treble Project covers a large hydrothermal system, located midway between Western Copper and Gold Corporation's Casino Deposit, the largest copper and gold deposit in the Yukon, and Rockhaven Resources Ltd.'s Klaza Deposit, a high-grade gold-silver deposit.

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

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.

View the original press release on ACCESS Newswire

FAQ

What are the key terms of Nortec's option to earn the Yuge project from Trifecta (TRRFF)?

Nortec paid an initial $25,000 and can earn 100% by paying $2,000,000 over five years. According to the company, annual payments escalate and up to 50% may be settled with Nortec shares valued at the 10-day VWAP, subject to TSXV approval.

How does the share-payment option affect Trifecta (TRRFF) and Nortec shareholders?

Up to 50% of annual payments can be satisfied with Nortec shares, which may dilute existing equity. According to the company, this provides flexibility for Nortec and potential equity upside for Trifecta but could dilute Nortec holders if used.

Is the Yuge property free of prior encumbrances in the Nortec-Trifecta (TRRFF) deal?

No; the Yuge remains subject to an underlying royalty and defined resource payments owed to Silver Range. According to the company, those existing obligations persist and will continue to affect future cash flows from the property.

When does the Nortec earn-in for Yuge become effective and what approvals are required for TRRFF?

The option follows an initial payment and staged annual payments across five years, but the agreement is subject to TSX Venture Exchange approval. According to the company, final effectiveness depends on obtaining that regulatory approval.

What strategic impact does the Yuge option have for Trifecta (TRRFF)'s exploration focus?

The transaction monetizes a non-core Nevada asset so Trifecta can concentrate on Yukon exploration, including Rye follow-up in summer 2026. According to the company, recent Rye drilling returned 1.02 g/t gold over 37 metres, guiding its 2026 plans.