Troilus Files NI 43-101 Technical Report for the Troilus Project’s Updated Mineral Resource Estimate

MONTREAL, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FSE: CM5R) (“Troilus” or the “Company”), is pleased to announce that it has filed the detailed Technical Report (the "Report") of its updated Mineral Resource Estimate ("MRE") for its 100% owned Troilus Project (the "Project"), located in northcentral Quebec, Canada, within the Frôtet-Evans Greenstone Belt. The Technical Report is dated October 25, 2023, effective October 2, 2023, and supports the scientific and technical disclosure in the updated mineral resource estimates (see October 16, 2023, press release).

The Report is titled “Technical Report and Mineral Resource Estimate on the Troilus Gold-Copper Project, Quebec, Canada” and was prepared by Paul Daigle, P.Geo., géo., Principal Resource Geologist, AGP Mining Consultants Inc. and Ryda Peung, P.Eng., Principal Process Engineer, Lycopodium Minerals Canada Ltd., and is in accordance with the National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and CIM Definition Standards for Mineral Resources and Mineral Reserves. A full copy of the Report is available on the Troilus website at www.troilusgold.com and can be found on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile.

Qualified Persons

The technical and scientific information in this press release has been reviewed and approved by Nicolas Guest, P.Geo., Exploration Manager, who is a Qualified Person as defined by NI 43-101. Mr. Guest is an employee of Troilus and is not independent of the Company under NI 43-101.

About Troilus Gold Corp.

Troilus Gold Corp. is a Canadian-based junior mining company focused on the systematic advancement and de-risking of the former gold and copper Troilus Mine towards production. From 1996 to 2010, the Troilus Mine produced +2 million ounces of gold and nearly 70,000 tonnes of copper. Troilus’ claims cover 435 km² in the top-rated mining jurisdiction of Quebec, Canada, within the Frotêt-Evans Greenstone Belt. Since acquiring the project in 2017, ongoing exploration success has demonstrated the tremendous scale potential of the gold system on the property with significant mineral resource growth. Led by an experienced team with a track record of successful mine development, Troilus is positioned to become a cornerstone project in North America.