Region:		Alaska
Commodity:		Au
Project Name & Location:		Tushtena
Target Deposit Type & Model:		>1 million ounce low tonnage, high grade lode style gold mineralisation or high tonnage, low grade bulk mineable gold resource
Land Status:		40 State Prospecting sites
Ownership:		Triton earning in to 85%

In April 2008 Triton Gold (“The Company”) signed an agreement with Tushtena Resources Inc (“TRI” a private Alaskan corporation with 100% ownership of the project) granting the Company the right to acquire up to an 85% equity in the Tushtena Project in Alaska. The Tushtena Project represents a project with bulk tonnage and/or high grade vein/shear hosted gold prospectivity and is located in an area that contains such major deposits as Pogo and Fort Knox (Figure 1).

Figure 1: Project location plan

The project area comprises approximately 25km² in the Yukon Tanana Terrane in the east central Alaska portion of the Tintina Gold Belt, which is host to several world class gold districts (Figure 1). The project is located 20 miles west-southwest of Tok (the junction of Alaska Highway and Glen Highway) and the central parts of the property are only 13km south of the paved Alaska Highway. There is good access to the project by skidder or caterpillar trail 32km up the Tok River. The property is also easily helicopter accessible.

Project Highlights

Reports indicate the project contains high grade gold values and visible gold in vein zones, both at surface and depth (confirmed by drilling), and the Company considers that the project has strong potential for bulk tonnage and/or high grade vein/shear zone hosted gold deposits associated with a major carbonate altered shear zone.

Historic reports document rock chip samples of up to 1450 g/t Au having been obtained from the veins (Figure 5). Other samples include 342 g/t, 105 g/t, 118 g/t and 163.5 g/t Au, and many other samples >0.5 g/t Au. Gold is reported to be often free and visible. During 1986 and 1987, 10 Diamond drill holes have been reported to have been drilled at the Discovery Zone (the most advanced prospect), in a variety of orientations and with an average depth of only 135m. Up to 49% of the historic core was not sampled. Best historic drill results are listed in Table 1 and best new results in Table 2.

Mineralization is reported to occur in dominantly east-northeast trending, steep northwest dipping quartz-arsenopyrite-carbonate veins, veinlets and shear veins up to 0.5m thick. Of the 10 drill holes, the Company interprets that only four holes, for a total of 528m were drilled on orientations likely to intersect the mineralised veins. Three of those four holes intersected the significant mineralisation detailed above. The Discovery zone is co-incident with a reported 1 km long >250 ppb Au and >500 ppm As in soil anomaly (Figure 3).

Figure 2: Project topography showing extent of soil anomalism

Figure 3: Project summary plan

During field work at the Tushtena Project the Company completed a program of due diligence sampling of diamond core drilled in 1986, 1987 and 2000. The sampling was undertaken to verify reported results from this drilling which had formed part of the basis on which the Company made its decision to enter into the Joint Venture. These assays have demonstrated good correlation with the high grade results reported previously, and in some cases a higher grade intersection was returned. In addition to re-sampling reported intersections, the Company also undertook sampling of sections of drill core that appear not to have been previously sampled, with the best results returned to date shown in Table 2 above. It is anticipated that diamond drilling will be completed in the second half of 2009.

¹ The majority of the 1986 samples from were 5 foot or 2 foot, split core (halved) composites. However, veins were frequently sampled separately resulting in some very narrow, high-grade samples. The 1986 samples were analysed at Chemical and Mineralogical Services Inc in Salt Lake City, Utah and all samples which returned greater than 3000 ppb Au were resubmitted for metallic screen fire assay with multiple burns at Rocky Mountain Geochemical in Colorado.

² Where possible the 2008 sampling program replicated the 1986 samples quartering the remaining core. Where there were no historical samples, the core was sampled as 9 to 10 foot, split core (halved) composites. The 2008 samples were analysed at Alaska Analytical Laboratories in Fairbanks by 30 gram fire assay with AA finish.

³ Thicknesses are down hole, true thickness unknown