MATSA RESOURCES LIMITED — Capital/Financing Update 2012

Jun 19, 2012

ASX/ Media Announcement 20 June 2012

NEW STRATEGIC PARTNER

Triton Gold Limited (ASX: TON, “Triton”, “the Company”) is pleased to advise the execution of a binding term sheet in relation to the Fraser Range North Project, which is further defined in Diagram 1, with active mineral explorer, Matsa Resources Ltd (ASX: MAT, “Matsa”).

In line with the new strategic direction of the Company, Matsa was considered the ideal strategic partner, given their local knowledge and expertise and the various synergies between the two companies.

Matsa is an ASX listed exploration and development company based in Western Australia and is a unique resource junior boasting six projects across multiple commodities, in gold, iron ore and copper, which are strategically located in the goldfields of Western Australia and central Thailand.

The Company feels the combined resources and expertise of Triton and Matsa was the most appropriate path for Triton getting the most value out of the Fraser Range North Project. The project is located in the highly prospective region of the Albany Fraser Province and this area is now known as a significant gold province with the announcement of the +5Moz Tropicana Gold Mine (AngloGold Ashanti/Independence Group JV), and exciting exploration results reported by Beadell Resources Ltd, Sipa Resources Ltd, International Goldfields Ltd and others .

The introduction of a new strategic partner helps the Company to focus on developing its other assets and provides the Company the ability to continue actively considering various opportunities for new projects which will facilitate a strengthening of the Company’s current portfolio of projects and future growth potential.

The provisions of the Term Sheet are outlined below:

• Matsa will “farm-in” earning a ninety (90%) percent interest on the completion of an agreed exploration expenditure on the project.

• The Parties shall execute a Joint Venture Agreement (“JVA”).

• Matsa will keep the above tenements in good standing.

• Triton have first right of refusal should Matsa wish to relinquish any tenements.

• After executing the JVA parties shall contribute to the on-going costs of the Project, on the basis of their relevant interest positions held in the Project or dilute on standard industry formula.

Triton Gold Limited (ACN: 126 042 215) I 1186 Hay Street, West Perth WA 6005 I T +61 89215 4222 I F +61 89226 1799

ASX/ Media Announcement 20 June 2012

Managing Director Brad Boyle stated:

“One of the reasons for forming the strategic partnership was the Matsa was because of their local experience in dealing with remote projects. Further, the Matsa Norseman Gold and Dunnville Projects showed various similarities and characteristics to the Company’s Fraser Range North Project. I believe even in these tough market conditions it is an exciting time for both companies and I look forward to working with Matsa to get the most out of the Fraser Range North Project.”

==> picture [91 x 79] intentionally omitted <==

Brad Boyle Managing Director Triton Gold Ltd

For further information, please contact:

Brad Boyle Managing Director Tel: +61 89215 4222 Email: bboyle@tritongold.com.au

Triton Gold Limited (ACN: 126 042 215) I 1186 Hay Street, West Perth WA 6005 I T +61 89215 4222 I F +61 89226 1799

ASX/ Media Announcement 20 June 2012

==> picture [496 x 389] intentionally omitted <==

Diagram 1: Location of Fraser Range North Project

Triton Gold Limited (ACN: 126 042 215) I 1186 Hay Street, West Perth WA 6005 I T +61 89215 4222 I F +61 89226 1799