CALGARY, ALBERTA--(Marketwire - March 16, 2010) - Trio Gold Corp. (TSX VENTURE:TGK) (PINK SHEETS:TROOF) (Trio) advises that the US $5.5 million Exploration Agreement between Trio and the private corporation (Carlin Gold Resources, Inc.) as announced in its February 9, 2010 press release relating to the Rodeo Creek property, has been assigned to Amarok Resources Inc. (Amarok). Amarok is a public company trading on the OTCBB.
As per the terms of the Exploration Agreement, Trio will receive 144,240 shares of Amarok prior to May 28, 2010. Upon an expenditure of US $2 million on the Rodeo Creek property, Trio will receive an additional 72,120 shares of Amarok and a further 72,120 shares upon an accumulated expenditure of $4 million. Trio will receive another 72,120 shares upon the final earn-in expenditure of $1.5 million, for a total of 360,600 shares. Amarok president, Ron Ruskowsky is the son of Trio's president Harry Ruskowsky.
Trio and Amarok have formed a joint operating committee, and are now reviewing drill contractor quotations, and expect to have a drill contract executed within the coming weeks. Drilling will commence as soon as ground conditions permit.
CUSIP #89669C-108, Exemption #82-2127
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