🕐18.12.12 - 01:54 Uhr

TRITON GOLD [ASX: TON] - NEW JOINT VENTURE TERMS GIVES IMMEDIATE AND GREATER ACC
ESS TO GRAPHITE PROJECTS IN MOZAMBIQUE





Fortbridge Media Release

Triton Gold [ASX: TON] - New Joint Venture Terms Gives Immediate and Greater Access to Graphite Projects in Mozambique

Triton Gold Limited (ASX: TON) has announced the signing of a formal Joint Venture agreement with Mozambique company Grafex Limitada with improved terms.

The revised Joint Venture follows the completion of extensive due diligence and negotiations undertaken by the Company over the past few months.

Under the original terms of the Joint Venture, Triton can earn up to an 80% interest in the Grafex portfolio of projects over a four year period. However, the Company has now managed to reduce that time period of earning 80% to two years.

The Company is pleased to advise that the revised terms have also removed the first earn-in phase which was 25%. Triton can now earn straight into a stronger position of 49% interest in the project with the exploration expenditure commitment of just $0.5 million.

Further, the total investment by Triton over this period has also been reduced from $1.5 million down to $1 million in expenditure commitments and cash payments to Grafex, along with the issuance of up to 15 million ordinary Triton shares to Grafex, subject to some escrow provisions and the issuance of 10 million unlisted Triton options.

This region has been of recent focus for graphite potential in part due the activities and positive results released by ASX listed company, Syrah Resources Ltd. EL5365 is close to Syrah�s Balama East deposit, which is approximately three kilometres to the South-West of the boundary of Triton�s North Balama project.

Please see the attached announcement for more details.

For further information, please contact:

Brad Boyle
Managing Director
Tel: +61 89215 4222
Email:

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