Trojan Gold Inc. Announces Non-Brokered Private Placement
Trojan Gold Inc. Announces Non-Brokered Private Placement
Toronto, Ontario (February 24, 2026) – Trojan Gold Inc. (CSE: TGII) (the “Company” or “Trojan”) is pleased
to announce a private placement financing consisting of the sale of up to 3,000,000 flow-through units
(the “FT Units”) in the capital of the Company at a price of CDN$0.10 per FT Unit for aggregate gross
proceeds of up to CDN$300,000 (the “Offering”).
Each FT Unit will consist of one common share in the capital of the Company (a “ Common Share”) that
will qualify as a “flow -through share” within the meaning of subsection 66(15) of the Income Tax
Act (Canada) and one half of one common share purchase warrant (each whole common share purchase
warrant, a “FT Warrant”). Each FT Warrant will entitle the holder thereof to purchase one Common Share
for a price of CDN$0.15 for a period of 24 months from the date of closing.
The FT Warrants are subject to acceleration of the 24 month expiry date in the event that the Common
Shares have a closing price on the Canadian Securities Exchange of $0.20 or greater for a period of five
consecutive trading days at any time after the clo sing of the Offering and upon the Company giving 30
days’ notice of acceleration.
The proceeds from the FT Units sold pursuant to the Offering will be used by the Company to conduct
exploration at the Paulpic/Adair-Wascanna Properties and the Watershed Property.
About Trojan Gold Inc.
Trojan is an active Ontario -based prospect generator junior exploration company, led by a team of
professionals having exploration, engineering, project financing and permitting experience. Trojan has
accumulated land positions in the Hemlo Gold Camp and S hebandowan Greenstone Belt which in
management’s view represent mineral exploration potential. For further information on the Company,
please visit www.trojangold.com. Trojan is listed on the Canadian Securities Exchange under the symbol
(CSE: TGII) and on the Frankfurt Exchange under the symbol KC1.
For further information, please contact:
Charles J. Elbourne, President & CEO
Trojan Gold Inc.
82 Richmond St. East, Suite 401
Toronto, Ontario M5C 1P1
Telephone: 416-315-6490
Email: [email protected]
Website: www.trojangold.com
Further Information
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there
be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be
unlawful.
4887-6682-8979, v. 3
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws.
All statements contained herein that are not clearly historical in nature may constitute forward -looking
information. In some cases, forward -looking information can be identified by words or phrases such as
“may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”,
“proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and
grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen,
or by discussions of strategy. Forward -looking information contained in this press release includes, but is
not limited to, statements relating to the terms and timing of the private placement described in this press
release and the anticipated uses of the proceeds raised from such private placement.
Where the Company expresses or implies an expectation or belief as to future events or results, such
expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis.
Such assumptions include, without limitation, tha t: the Company will receive all necessary approvals
required in order to complete the issuance of the securities pursuant to the private placement described in
in this press release; that there will be sufficient interest from potential investors in order to complete the
private placement on the terms as described herein or at all; and that the Company will have the necessary
resources to be able to use the funds raised in the private placement for exploration expenses as
anticipated.
However, forward-looking statements are subject to risks, uncertainties, and other factors, which could
cause actual results to differ materially from future results expressed, projected, or implied by such
forward-looking statements. Such risks include, but are not limited to: the potential that the Company will
not be able to proceed with the issuance of securities on the terms described in this press release or at all;
the risk that the Company will not have the ability to conduct exploration activities on its current mineral
properties as anticipated; and other risks (including but not limited to risks faced by issuers in the mining
industry generally) as described in the Company’s public disclosure record at www.sedarplus.ca.
Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking
statements contained in this press release are expressly qualified in their entirety by this cautionary
statement. The forward -looking statements contain ed herein are made as at the date hereof and are
based on the beliefs, estimates, expectations, and opinions of management on such date. The Company
does not undertake any obligation to update publicly or revise any such forward-looking statements or any
forward-looking statements contained in any other documents whether as a result of new information,
future events or otherwise or to explain any material difference between subsequent actual events and
such forward -looking information, except as required under applicable securities law. Readers are
cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put
undue reliance on forward-looking information.