# EDGAR Filing Document

**Accession Number:** 0001173643
**File Stem:** 0001171843-25-006723
**Filing Date:** 2025-10
**Character Count:** 29161
**Document Hash:** f856fd3de8ba5494efdede1ab95e6ae1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001171843-25-006723.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0001171843-25-006723

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**EFFECTIVENESS DATE**: 20251028

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRX GOLD Corp
- **CENTRAL INDEX KEY:** 0001173643
- **STANDARD INDUSTRIAL CLASSIFICATION:** GOLD & SILVER ORES [1040]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A0
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-291126
- **FILM NUMBER:** 251425322

**BUSINESS ADDRESS:**
- **STREET 1:** 277 LAKESHORE ROAD EAST
- **STREET 2:** SUITE 403
- **CITY:** OAKVILLE
- **STATE:** A6
- **ZIP:** L6J 6J3
- **BUSINESS PHONE:** 416-315-0662

**MAIL ADDRESS:**
- **STREET 1:** 277 LAKESHORE ROAD EAST
- **STREET 2:** SUITE 403
- **CITY:** OAKVILLE
- **STATE:** A6
- **ZIP:** L6J 6J3

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tanzanian Gold Corp
- **DATE OF NAME CHANGE:** 20220510

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRX GOLD Corp
- **DATE OF NAME CHANGE:** 20220505

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tanzanian Gold Corp
- **DATE OF NAME CHANGE:** 20190502

**As filed with the Securities and Exchange Commission on October 28, 2025**

**Registration No. 333-_______**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933**

---

| |
|:---|
| **TRX GOLD CORPORATION.** |
| ***(Exact name of registrant as specified in its charter)*** |

---

---

| | |
|:---|:---|
| British Columbia, Canada | **Not Applicable** |
| *(State or other jurisdiction of<br> incorporation or organization* | *(I.R.S. Employer<br> Identification Number)* |

---

<u> 277 Lakeshore Road East, Suite 403 Oakville, Ontario Canada L6J 1H9</u> <u>N/A</u> <br> (Address of Principal Executive Offices) (Zip Code)

**Omnibus Equity Incentive Plan**

*(Full Title of the Plan)*

Cogency Global, Inc.

122 East 42nd Street, 18th Floor

New York, NY 10168

<u>(212) 947-7200</u> <br> *(Name and Address of Agent for Service)*

(202) 572-3133

*(Telephone number, including area code, of agent for service)*

Please send copies of all communications to:

Daniel B. Eng, Esq.

Lewis Brisbois Bisgaard & Smith LLP

45 Fremont Street, Suite 3000

San Francisco, CA 94105

415-362-2580

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☐ <br> Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**EXPLANATORY NOTE**

This registration statement on Form S-8 ("Registration Statement") is being filed by Registrant to register a total of 28,210,066 common shares under TRX Gold Corporation's Omnibus Equity Incentive Plan (the "Plan").

**PART I**

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS**

The documents containing the information specified in "Item 1. Plan Information" and "Item 2. Registrant Information and Employee Plan Annual Information" of Form S-8 will be sent or given to participants as specified by Rule 428(b)(1) under the Securities Act of 1933, as amended (the "Securities Act"). Such documents are not required to be, and are not, filed with the Securities and Exchange Commission (the "Commission") either as part of this Registration Statement or as a prospectus or prospectus supplement pursuant to Rule 424 under the Securities Act. These documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II of Form S-8, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3. Incorporation of Documents by Reference**

The Registrant hereby incorporates by reference into this Registration Statement the following documents and information previously filed with the Securities and Exchange Commission (the "Commission"):

● The Registrant's Annual Report on Form 40-F for the fiscal year ended August 31, 2024, filed with the Commission on November 29, 2024;

● The Registrant's Form 6-K filed with the Commission on January 14, 2025 (relating to its financial information for the three months ended November 30, 2024 and 2023), January 28, 2025, February 7, 2025, March 10, 2025, March 31, 2025, April 14, 2025; May 27, 2025, and July 15, 2025; and

● A description of the Company's common shares as set forth in the Company's Notice of Annual General and Special Meeting and Information Circular filed as exhibit 99.1 to Form 6-K filed with the Commission on January 28, 2025.

All documents, reports and definitive proxy or information statements filed pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, after the date of this Registration Statement and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing of such documents; provided, however, that documents, reports and definitive proxy or information statement, or portions thereof, which are furnished and not filed in accordance with the rules of the Commission shall not be deemed incorporated by reference into this Registration Statement. Any statement contained in a document incorporated or deemed to be incorporated herein by reference shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes that statement. Any such statement so modified or superseded shall not constitute a part of this Registration Statement, except as so modified or superseded.

**Item 4. Description of Securities**

Not applicable.

**Item 5. Interests of Named Experts and Counsel**

Not applicable.

**Item 6. Indemnification of Directors and Officers**

Our Articles of Incorporation provide that we must indemnify a director, former director or alternate director of the Company and his or her heirs and legal personal representatives against all judgment, penalty or fine awarded or imposed to which such person is or may be liable, by reason of the eligible party being or having been a director or alternate director of the Company. We may indemnify any person under our Articles of Incorporation. We may, and do, maintain a policy of insurance for the benefit of directors, officers and employees against liability incurred by such individual acting in their capacity as a director, officer or employee.

We are subject to the provisions of the Business Corporations Act (British Columbia) (the "Act"). Under Section 160 of the Act, we may, subject to Section 163 of the Act, indemnify an individual who:

&nbsp;&nbsp;&nbsp;&nbsp;· is or was a director or officer of our company;

&nbsp;&nbsp;&nbsp;&nbsp;· is or was a director or officer of another corporation (i) at a time when such corporation is or was
an affiliate of our company; or (ii) at our request; or

&nbsp;&nbsp;&nbsp;&nbsp;· at our request, is or was, or holds or held a position equivalent to that of, a director or officer
of a partnership, trust, joint venture or other unincorporated entity;

and includes the heirs and personal or other legal representatives of that individual (collectively, an "eligible party"), against a judgment, penalty or fine awarded or imposed in, or an amount paid in settlement of, a proceeding (an "eligible penalty") in which an eligible party or any of the heirs and personal or other legal representatives of the eligible party, by reason of the eligible party being or having been a director or officer of our company or an associated corporation, or holding or having held a position equivalent to that of a director or officer of, our company or an associated corporation (a) is or may be joined as a party, or (b) is or may be liable for or in respect of a judgment, penalty or fine in, or expenses related to, the proceeding (an "eligible proceeding") to which the eligible party is or may be liable and we may, subject to section 163 of the Act, after the final disposition of an eligible proceeding, pay the expenses actually and reasonably incurred by an eligible party in respect of that proceeding.

Under Section 161 of the Act, and subject to Section 163 of the Act, we must, after the final disposition of an eligible proceeding, pay the expenses actually and reasonably incurred by an eligible party in respect of that proceeding if the eligible party (a) has not been reimbursed for those expenses, and (b) is wholly successful, on the merits or otherwise, in the outcome of the proceeding or is substantially successful on the merits in the outcome of the proceeding.

Under Section 162 of the Act, and subject to Section 163 of the Act, we may pay, as they are incurred in advance of the final disposition of an eligible proceeding, the expenses actually and reasonably incurred by an eligible party in respect of the proceeding, provided that we must not make such payments unless we first receive from the eligible party a written undertaking that, if it is ultimately determined that the payment of expenses is prohibited under Section 163, the eligible party will repay the amounts advanced.

Under Section 163 of the Act, we must not indemnify an eligible party against eligible penalties to which the eligible party is or may be liable or pay the expenses of an eligible party in respect of that proceeding under Sections 160, 161 or 162 of the Act, as the case may be, if any of the following circumstances apply:

&nbsp;&nbsp;&nbsp;&nbsp;· if the indemnity or payment is made under an earlier agreement to indemnify or pay expenses and, at
the time that the agreement to indemnify or pay expenses was made, we were prohibited from giving the indemnity or paying the expenses
by our Articles;

&nbsp;&nbsp;&nbsp;&nbsp;· if the indemnity or payment is made otherwise than under an earlier agreement to indemnify or pay expenses
and, at the time that the indemnity or payment is made, we are prohibited from giving the indemnity or paying the expenses by our Articles;

&nbsp;&nbsp;&nbsp;&nbsp;· if, in relation to the subject matter of the eligible proceeding, the eligible party did not act honestly
and in good faith with a view to the best interests of our company or the associated corporation, as the case may be; or

&nbsp;&nbsp;&nbsp;&nbsp;· in the case of an eligible proceeding other than a civil proceeding, if the eligible party did not have
reasonable grounds for believing that the eligible party's conduct in respect of which the proceeding was brought was lawful.

If an eligible proceeding is brought against an eligible party by or on behalf of the Company or by or on behalf of an associated corporation, we must not either indemnify the eligible party against eligible penalties to which the eligible party is or may be liable, or pay the expenses of the eligible party under Sections 160, 161 or 162 of the Act, as the case may be, in respect of the proceeding.

Under Section 164 of the Act, the Supreme Court of British Columbia may, on application of our company or an eligible party:

&nbsp;&nbsp;&nbsp;&nbsp;· order us to indemnify an eligible party against any liability incurred by the eligible party in respect
of an eligible proceeding;

&nbsp;&nbsp;&nbsp;&nbsp;· order us to pay some or all of the expenses incurred by an eligible party in respect of an eligible
proceeding;

&nbsp;&nbsp;&nbsp;&nbsp;· order the enforcement of, or payment under, an agreement of indemnification entered into by us;

&nbsp;&nbsp;&nbsp;&nbsp;· order us to pay some or all of the expenses actually and reasonably incurred by any person in obtaining
an order under Section 164 of the Act; or

&nbsp;&nbsp;&nbsp;&nbsp;· make any other order the court considers appropriate.

Section 165 of the Act provides that we may purchase and maintain insurance for the benefit of an eligible party or the heirs and personal or other legal representatives of the eligible party against any liability that may be incurred by reason of the eligible party being or having been a director or officer of, or holding or having held a position equivalent to that of a director or officer of, the Company or an associated corporation.

Under the Act, the Articles may affect our power or obligation to give an indemnity or pay expenses to the extent that the Articles prohibit giving the indemnity or paying the expenses. As indicated above, this is subject to the overriding power of the Supreme Court of British Columbia under Section 164 of the Act.

We believe that the foregoing policies and provisions of our Articles and bylaws are necessary to attract and retain qualified officers and directors. Insofar as indemnification for liabilities arising under the Securities Act may be permitted with respect to our directors, officers or persons controlling the registrant pursuant to the foregoing provisions, the registrant has been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

**Item 7. Exemption from Registration Claimed**

Not applicable.

**Item 8. Exhibits**

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| [4.1](https://www.sec.gov/Archives/edgar/data/1173643/000117184325000480/exh_991.htm) | [Omnibus Equity Incentive Plan (incorporated by reference to Exhibit 99.1 to Form 6-K filed with the Commission on January 28, 2025)](https://www.sec.gov/Archives/edgar/data/1173643/000117184325000480/exh_991.htm) |
| [5.1\*](exh_51.htm) | [Opinion of REVlaw](exh_51.htm) |
| [23.1\*](exh_51.htm) | [Consent of REVlaw (Contained in Exhibit 5.1)](exh_51.htm) |
| [23.2\*](exh_232.htm) | [Consent of Dale Matheson Carr-Hilton Labonte LLP](exh_232.htm) |
| [107\*](exh_107.htm) | [Filing Fee Table](exh_107.htm) |

---

\* Filed herewith

**SIGNATURES**

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toronto, Ontario, Country of Canada, on October 28 2025.

---

| |
|:---|
| TRX Gold Corporation |
| By: <u>/s/ Stephen Mullowney</u> |
| Stephen Mullowney, Chief Executive Officer |
| (Principal Executive Officer) |

---

Pursuant to the requirements of the Securities Act, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| /s/ Stephen Mullowney | October 28, 2025 |
| Stephen Mullowney, Director |  |
| Chief Executive Officer |  |
| (Principal Executive Officer) |  |
| /s/ Shubo Rakhit | October 28, 2025 |
| Shubo Rakhit, Chairman |  |
| /s/ Norman Betts | October 28, 2025 |
| Dr. Norman Betts, Director |  |
| /s/ Richard J. Steinberg | October 28, 2025 |
| Richard J. Steinberg, Director |  |
| /s/ John Mcvey | October 28, 2025 |
| John Mcvey, Director |  |
| /s/ Michael P. Leonard | October 28, 2025 |
| Michael P. Leonard, Chief Financial Officer |  |
| (Principal Financial and Accounting Officer) |  |

---

**SIGNATURE OF AUTHORIZED REPRESENTATIVE OF THE REGISTRANT**

Pursuant to the requirements of Section 6(a) of the Securities Act of 1933, as amended, the undersigned has signed this Registration Statement on Form S-8 solely in the capacity of the duly authorized representative of TRX Gold Corporation in the United States on October 28, 2025.

---

| | |
|:---|:---|
| By: | <u>/s/ Colleen A. De Vries</u> |
| Name: | Colleen A. De Vries |
| Title: | Senior Vice-President on behalf of |
|  | Cogency Global Inc. |

---

## Exhibit 5.1

**Exhibit 5.1**

![](revlogo.jpg)

October 28, 2025

Board of Directors,

TRX Gold Corporation,

403-277 Lakeshore Road East,

Oakville, Ontario, Canada L6J 6J3

Re: TRX Gold Corporation <br> Omnibus Equity Incentive Plan Renewal

We are counsel to TRX Gold Corporation, a British Columbia company (the "Company"), in connection with the registration of up to 28,210,066 common shares of the Company (the "Shares") under the *Securities Act of 1933* (U.S.), as amended (the "Securities Act"), which have or may be offered pursuant to the Company's Omnibus Equity Incentive Plan (the "Plan") previously approved by the shareholders of the Company, and further described in the Company's registration statement on Form S-8 filed under the Securities Act (the "Registration Statement").

In connection with this opinion, we have examined the resolutions of the Board of Directors of the Company in respect of the Plan and Registration Statement (the "Resolutions"), and such matters of fact and questions of law as we have considered appropriate for purposes of this letter.

We are solicitors qualified to practice law in the Province of Ontario and under the *National Mobility Agreement* provide temporary legal services respecting the laws of British Columbia and we express no opinion as to the laws of any jurisdiction, or as to any matters governed by the laws of any jurisdiction, other than the laws of the province of British Columbia and the laws of Canada applicable therein. The opinion herein is based on the laws of British Columbia and the laws of Canada applicable therein in effect on the date hereof.

We have no responsibility or obligation to (i) update this opinion, (ii) take into account, or inform the addressee or any other person, of any changes in law, facts or other developments subsequent to this date that do or may affect the opinions we express, or (iii) advise the addressee or any other person of any other change in any matter addressed in this opinion. Nor do we have any responsibility or obligation to consider the applicability or correctness of this opinion to any person other than the addressee.

In conducting all examinations we have assumed: (i) the genuineness of all signatures and the authority and legal capacity of all persons signing documents examined by us; (ii) the authenticity of all documents submitted to us as originals; (iii) the conformity to authentic originals of all documents submitted to us as certified, conformed, notarial, facsimile, true or photostatic copies of original documents and the veracity and completeness of the information contained therein; (iv) the identity, authority and capacity of all individuals acting or purporting to act as public officials; and (v) the accuracy and completeness of the records maintained by all public offices or agencies where we have searched or enquired or caused searches or enquiries to be conducted.

*\*REVlaw is a corporate style registered to Diges Professional Corporation.*

![](revlogo.jpg)

We have also assumed that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Shares will be offered, issued and sold in compliance with applicable United States Federal and State
securities laws and in the manner stated in the Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Company will have received the agreed upon consideration for the issuance of the Shares and such Shares
will have been delivered by or on behalf of the Company against payment therefor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) all documents submitted to us have been executed in the form reviewed by us, and have not been amended
or modified, since the dates on which they were submitted to us, whether by written or oral agreement or by conduct of the parties thereto,
or otherwise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) all acknowledgements, representations, warranties and certificates dated on or prior to the date hereof
upon which we have relied continue to be accurate in all respects as of the time of delivery of this opinion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) no order, ruling or decision of any court, tribunal, securities commission or other regulatory or administrative
body is or has been in effect at any material time that: (a) restricts any trades or distributions in securities of the Company; (b) affects
any person or company (including the Company) that engages in such trade or distribution; or (c) restricts the ability of the Company
to execute, deliver or perform any obligations to issue the Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) all cheques, bank drafts and other methods of payment relied upon to effect payment of the consideration
for the Shares will be honoured upon presentation or will otherwise result in the receipt by the Company of the funds represented by such
cheques, bank drafts or other methods of payment; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) where our opinion refers to any of the Shares as being "fully paid and non-assessable", no
opinion is expressed as to the adequacy of any consideration received.

We have not undertaken any independent investigations to verify the accuracy or completeness of these assumptions.

Other than our review of the Resolutions, we have not undertaken any special or independent investigation to determine the existence or absence of any facts or circumstances relating to the Company. No inference of our knowledge as to such facts and circumstances should be drawn merely from our representation of the Company in respect of the issuance of the Shares.

![](revlogo.jpg)

Subject to the foregoing and the other matters set forth herein, we are of the opinion that, as of the date hereof each Share issuable upon grant and/or exercise of Awards (as that term is defined in the Plan), when issued in accordance with and pursuant to the terms of the Plan will be validly issued as a fully paid and non-assessable common share in the capital of the Company.

This opinion letter has been prepared solely for your use in connection with the Registration Statement contained therein and is expressed as of the date hereof. Our opinion is expressly limited to the matters set forth above and we render no opinion, whether by implication or otherwise, as to any other matters relating to the Company.

We hereby consent to the filing of this opinion letter as an exhibit to the Registration Statement. In giving this consent, we do not hereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the U.S. Securities and Exchange Commission promulgated thereunder.

Very truly yours,

***REV****law*

## Exhibit 23.2

**Exhibit 23.2**

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNT FIRM**

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated November 29, 2024, relating to the consolidated financial statements of TRX Gold Corp. for the years ended August 31, 2024, and 2023, which appears in TRX Gold Corp.'s Annual Report on Form 40-F for the year ended August 31, 2024.

DALE MATHESON CARR-HILTON LABONTE LLP

Chartered Professional Accountants

Vancouver, Canada

October 28, 2025

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

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| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S-8**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TRX GOLD Corp**  |

---

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Type**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Class Title**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Calculation Rule**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount Registered**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Proposed Maximum Offering Price Per Unit**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Maximum Aggregate Offering Price**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Rate**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount of Registration Fee**  |
| 1 | Equity | common shares, without par value | Other | 28210066 | $0.70 | $19747046.20 | 0.0001381 | $2727.07 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: |  | $19747046.20  |  | $2727.07  |
| Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  |  | $0.00  |
| Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  |  | $2727.07  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Offering Note** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> (1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended ("Securities Act"), this Registration Statement also covers any additional securities that may be offered or issued in connection with any stock split, stock dividend or similar transaction. Pursuant to Rule 416(c) under the Securities Act, this Registration Statement shall also cover an indeterminate amount of interests to be offered or sold pursuant to the employee benefit plans described herein. (2) Estimated in accordance with Rules 457(c) and (h) under the Securities Act solely for the purpose of calculating the registration fee based on the average the high and low sale price of the Registrant's common shares, without par value, as reported on the NYSE American on October 22, 2025, which date is within five business days prior to the filing of this Registration Statement. (3) Represents the maximum of 28,210,066 common shares currently reserved for issuance pursuant to Company's Omnibus Equity Incentive Plan, and subject to adjustment as provided for therein.

---

| | |
|:---|:---|
| | |
| **Rule 457(p)** | **Rule 457(p)** |
| Fee Offset Claims | N/A |
| Fee Offset Sources | N/A |

---