VAL D’OR, QUÉBEC–(Marketwired – May 20, 2016) –

Mr. Bruno Crescenzi:

Threegold (TSX VENTURE:THG.H) (NEX:THG.H) wishes to provide an update. Mr. Victor Goncalves has resigned as President and CEO of the company effective the 17^th of May 2016. Mr. Jorge Orellana is resigning as VP corporate communications effective May 17^th 2016. Mr. Harish Bajaj, Mr. Maurice Aziz, and Mr. Shankar Thiviyanayagam have also have also resigned from the company effective immediately.

Further, Threegold wishes to welcome Mr. Bruno Crescenzi and Mr. Clifford Allbutt as directors of the company.

We seek safe harbour.