Troilus Provides a Recap of 2023 Accomplishments & an Outlook for 2024 - Seite 3

The environmental permitting process steadily continued at both Federal and Provincial levels in 2023. Public consultations were successfully conducted by the Impact Assessment Agency of Canada and the Cree Nation Government in the local communities of Chibougamau, Mistissini, and Chapais, with insights and feedback from these meetings forming an important part of the ESIA. This report, underway by Stantec, is anticipated for completion by the end of 2024.

LOOKING AHEAD TO 2024

With a series of significant milestones on our horizon, 2024 is shaping up to be another transformative year for Troilus as we continue to steadily de-risk and advance our project towards production. Here’s what you can expect from us this year:

• Completion of a Feasibility Study expected in Q1 2024, including an inaugural Mineral Reserve estimate.
• Approximately 25,000 metres of drilling, including:
  • Expansion and definition drilling at select targets along the main mineral corridor.
  • Condemnation drilling to ensure the planned mine infrastructure locations are free of economically significant mineralization.
  • Continuation of exploration activities, including targeted drilling, at prospective regional targets.
• Completion of the Environmental and Social Impact Assessment by calendar year-end
• Continuous monitoring of the dynamic ESG landscape to identify new opportunities that will ensure the sustainable development of our project.

As we forge ahead, we express our sincere gratitude to our shareholders and all stakeholders for their ongoing support.

Sincerely,

Justin Reid
Chief Executive Officer and Director
Troilus Gold Corp.

Qualified Person

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.