Troilus Kicks Off Environmental Permitting Process With Filing of Initial Project Notice

MONTREAL, May 25, 2022 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) (“Troilus” or the “Company”) is pleased to announce that it has filed the Initial Project Description for the Troilus Project with the Impact Assessment Agency of Canada (“IAAC”) at the Federal level and the Project Notice with the Ministère de l’Environnement et de la Lutte contre les Changements Climatiques (MELCC) at the Quebec Provincial level. The filing of the Initial Project Description and the Project Notice are the first step in the Environmental and Social Impact Assessments (“ESIA”), approval of which are required under Canadian and Quebec law in order for a mining project to proceed to construction and into production. The ESIA assesses the environmental, social and economic impacts of a proposed mining project and includes extensive consultations with local stakeholders, and in particular First Nations.

Justin Reid, CEO and Director of Troilus commented, “The start of the environmental permitting process moves us another significant step closer to a potential restart of the Troilus mine. The advancement of work on the upcoming Pre-Feasibility Study goes hand-in-hand with the filing of the Initial Project Description and Project Notice since we are now in the position to define with a greater degree of detail and certainty what the Troilus Project could look like in the future. We can now invite stakeholders to provide their input to ensure that any potential future operation meets the expectations of all involved from an environmental and social perspective. We look forward to collaborating with our stakeholders and government regulators as we advance through the environmental permitting process.”

Jacqueline Leroux, Vice President Environment at Troilus added, “Although the filing of the Initial Project Notice and the Project Description mark the first official step in the permitting process, in fact our team has been working hard behind the scenes in preparation for this event for the last couple of years. This has included environmental baseline studies that consider the physical environment and biodiversity around the mine site over the different seasons, pre-consultation sessions with our local communities to identify priority issues and establishing important working relationships with government and community stakeholders. Since Troilus is also a closed mine site, having been in production from 1996 to 2010, we have a unique opportunity to benefit from the experience gained in the past and as we look ahead we can incorporate First Nations knowledge of the land into our planning and design that will help us minimize and mitigate any future environmental impacts.”