INSIDEBULLS

[Father Fred]

Trigon completes offering of $3 million


KELOWNA, BC, Feb. 12 /CNW/ - Trigon Uranium Corp. ("Trigon") (TSX-V: TEL)
announced that on February 9, 2007 it completed its private placement first
announced on January 17, 2007. Trigon issued 3,725,500 units ("Units") at a
price of $0.80 per Unit for gross proceeds of $2,980,400 (the "Offering").
Each Unit consisted of one common share and one-half of one transferable
warrant, with each whole warrant ("Warrant") entitling the holder to purchase
one common share of Trigon at $1.00 per share until August 8, 2008.
Jones Gable, Raymond James, Research Capital, Octagon Capital, Argosy
Securities, TD Waterhouse, Haywood Securities, Scott McCredie, Lines Overseas
Management Limited, M Partners and BMO Nesbitt Burns acted as finders, and
received finders' fees payable in cash equal to 8% of the gross proceeds of
the Offering sold by such finders aggregating to $149,792 and non-transferable
warrants which entitle the Agents to acquire up to an aggregate of
234,050 shares of Trigon at a price of $0.90 per share until February 8, 2008.
Trigon intends to use the proceeds of the Offering to fund project
generation and exploration of its uranium properties. The Offering has been
approved by the TSX Venture Exchange.
The common shares and Warrants sold pursuant to the Offering may not be
resold until June 10, 2007 pursuant to the requirements of the TSX Venture
Exchange and applicable securities laws.

About Trigon Uranium Corp.

Trigon Uranium Corp. is a uranium exploration and development company
focused on the known deposits of the south-western United States, a region
that has produced over one billion pounds of uranium. Trigon has a
highly-qualified team of uranium exploration experts to direct its efforts at
its Marysvale and Henry Mountains projects of southern Utah, and elsewhere in
North America. Trigon also operates a portfolio of high potential diamond
exploration properties within a wholly-owned subsidiary, Trigon Diamond
Corporation Ltd. Trigon has 47,543,673 shares outstanding and its stock trades
on the TSX Venture Exchange under the symbol "TEL".

Should you wish to receive Company news via email, please email
[e-mail] and specify "Trigon News" in the subject line.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This release
includes certain statements that may be deemed "forward-looking statements".
All statements in this release, other than statements of historical facts,
that address future developments that the company expects to occur, are
forward-looking statements. Although the company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward looking statements include market prices,
exploitation and exploration successes, and continued availability of capital
and financing and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. The Company does not assume
any obligation to update or revise its forward-looking statements, whether as
a result of new information, future events or otherwise.

%SEDAR: 00021118E

For further information: please visit www.trigonuraniumcorp.com or contact:
Sidney Himmel, President and Chief Executive Officer, Trigon Uranium Corp.,
Tel: [phone], Email: [e-mail]; Jeanny So,
Broker Relations Specialist, CHF Investor Relations, Tel: [phone] x225,
Email: [e-mail]