TRX Gold Achieves 1 Million Work Hours Without Lost Time Injuries, The Canadian Business Journal

TORONTO, Nov. 23, 2022 (GLOBE NEWSWIRE) — TRX Gold Corporation (TSX:TNX) (NYSE American:TRX) (the “Company” or “TRX Gold”) Reaches One Million Backleaf Gold Projects We are excited to announce that A clear reflection of the team’s focus and commitment to the health and safety of its members and consultants, working hours free of time loss and recordable injuries.

“The Buckleaf Gold Project may have over 100 employees on-site at any one time, working in two shifts 24 hours a day, 7 days a week. We are home to our drilling partner STAMICO and would like to thank them for their hard work and dedication.

TRX Gold CEO Stephen Mullowney continued: A healthy and safe workforce leads to engagement and productivity. ”

This remarkable achievement was achieved within 22 months guided by the policies, practices and procedures the company adopted and put in place when employees were hired. Daily health and safety meetings are part of the ritual, during which employees are invited to play an integral part of the program by observing, identifying and reporting potentially hazardous site conditions. will be

TRX Gold looks forward to continuing our safety-first culture by continuing to ensure the safety of all our employees and those around us.

Onsite Health and Safety Indicators Bulletin Board – 21 November 2022

About TRX Gold Corporation
TRX Gold is rapidly moving forward with the Buckreef Gold project. Underpinned by Mineral Resources published in May 2020, the project currently includes an NI 43-101 Measured and Indicated Mineral Resource of 35.88 MT (1.77 g/t gold), comprising 2,036,280 ounces of gold and 17.8 Contains an estimated mineral resource of MT (1.11 g/t). 635,540 ounces of gold in t gold. The leadership team is focused on creating short- and long-term shareholder value by increasing gold production and generating positive cash flow. The positive cash flow will be used for exploratory drilling with the goal of increasing the current gold resource base and advancing the sulfide ore project which represents 90% of the current gold resource. TRX Gold’s actions are guided by the highest ESG standards. This is evidenced by the relationships and programs the company has developed in the Geita region of Tanzania for nearly 20 years.

Investor
Christina Larry
Vice President of Investor Relations
TRX Gold Co., Ltd.
+1-438-399-8665
[email protected]
www.TRXgold.com

Forward-Looking Statements

This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by words such as “will,” “may,” “should,” “anticipate,” “expect,” or similar expressions . All statements other than statements of historical fact contained in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Please note that the assumptions used in preparing the information may prove to be incorrect. Actual results may differ materially from projections due to events and circumstances. It is the result of a number of known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. Readers are cautioned not to place undue reliance on forward-looking information. Although such information was believed to be reasonable by management at the time it was prepared, it may prove to be inaccurate and actual results may differ materially from expectations. Any forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company makes no forward-looking statements as expressly required by applicable law. Update or correct the description.

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