Triple Nine Updates New Initiatives on the Four Corners Project

Triple Nine Resources Ltd. (TNR), a private Newfoundland based mineral resource company, is pleased to provide an update on its 100% owned Four Corners Project in western Newfoundland, which hosts a world-class bulk tonnage of iron ore, titanium and vanadium mineralized rock. Due to difficulties in financing the required exploration work Delrey Metals, now Carlyle Commodities Corp., terminated its 2019 option agreement with Triple Nine in May 2020 and thereby returned the operator status of the project to TNR.

The Company is pleased to announce that it has entered into an agreement with a Canadian based commercial laboratory to carry out, with the assistance of a research grant, further metallurgical work specifically to determine the milling characteristics and suitability of the mineralization for producing saleable products. This work is being carried out in consultation with a mineral processing, research team at a Canadian based university and is directed by a third party which specializes in the development and production of the mineralization similar to that contained in the Four Corners Project mineral deposit.

Exploration work completed to date which identified approximately 200 m thick intersections of the iron- titanium- vanadium-mineralized rock over a distance of 3,000 m and a vertical depth of 600 m indicates that the project contains sufficient tonnage and grades to warrant developing this world-class mineral resource. Positive results from this new metallurgical work will be an important step in advancing the economic viability of this project. Triple Nine has been advised that the work is scheduled for completion before year end, the results of which will be released upon receipt.

This news release was compiled by Vic French, P. Geo., President & COO, who is a qualified person as defined by National Instrument 43-101.