Corporate UpdateTRIGOLD RESOURCES CORPORATION
Suite 1030 - 789 W. Pender Street, Vancouver, B.C. V6C 1H2
Tel: (604) 683-3331; Fax: (604) 685-8677
Trading Symbol: "TAL"
CORPORATE UPDATE - August 16, 2006
Dear Shareholder:
As per our July 17th, News Release regarding Tri-Gold Resources Inc. and its "Hemlo West" gold prospect, Big Duck Lake, in Northwest Ontario, we are pleased to announce that presently, a work program consisting of trenching, washing, sampling and mapping is continuing along a 5.2 km shear zone which extends west to east through the Big Duck Lake claim block, which encompasses an area of approximately 40 square kilometres.
A claim map of the Big Duck Lake property, as well as a map of the shear zone geology with comparison to the Hemlo gold camp, are attached for your reference. In addition to the main zone, the work program is designed to test a series of other shear zones which exist throughout the property, and exploration of these zones will continue during this summer and fall preparatory to diamond drilling in October 2006.
The preliminary results of the prospecting, mapping, trenching, assaying and reconnaissance diamond drilling from late 2003 to present, have been very positive (please see our previous news releases) and reconfirms our belief that the Big Duck Lake prospect has many of the same features as the world famous Hemlo gold camp located 100 km west, and where approximately 25 million oz of Au with a value in excess of 12 billion dollars have been produced since 1983.
As founder of Falconbridge Ltd., the mining legend Thayer Lindsay, once said, "To find gold go where the gold mines are not where you think they are". To that end the management of Tri-Gold is confident that we are in the right area to find the next "Hemlo". As a refresher to all investors, we have attached a few of the highlights of our "HEMLO WEST" prospect and its history, all of which supports our belief that we are in the right place, Northwest Ontario, home to many major world class gold deposits; at the right time, the "GOLD BULL" is only part way through its cycle and the best is yet to come; and being chauvinistic, we are definitely in the right country, Canada, where there is title certainty, due legal process, an experienced work force and most important of all, it's where the "ELEPHANTS" of gold deposits are found.
In keeping with our intention of keeping shareholders abreast of all the news concerning the Company as it develops and the ongoing exploration of its "Hemlo West Project", we request that you forward to us at, www.trigoldresources.com, your email address or fax number so that we may deliver news to you in the most expeditious and timely manner.
Finally, we'd like to take this opportunity to thank everyone for their continued support and especially patience. The Tri-Gold story contains all the ingredients for ultimate success. Recognizing the importance of communication, we commit to each of you that we shall endure to insure a timely flow of information concerning the exploration, development and, hopefully, exploitation of our Big Duck Lake Property.
Please feel free to contact us @ (604) 683-3331 or email us at info@trigoldresources.ca if you would like to talk to someone directly concerning all aspects of your Company.
Yours truly,
T. Barry Coughlan
Chairman