Oilus GOLD Announces the Retirement of President Paul Pint
TR
OILUS GOLD ANNOUNCES THE RETIREMENT OF PRESIDENT PAUL PINT
JULY 2 , 202 1, Toronto, Ontario – Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) (“Troilus” or the
“Company”) announces that Paul Pint, President and co-founder of the Company, has retired from Troilus
effective July 1, 2021. Justin Reid, CEO, will be assuming the duties of President and CEO going forward.
“On behalf of the Board of Directors and all Troilus employees and stakeholders, I would like to thank Paul
for his commitment and dedication to Troilus. Paul has been instrumental in the development of the team,
asset and shareholder base, now defining one of the largest gold and copper assets in Canada. Personally,
Paul has been a loyal, driven and dedicated business partner for over a decade; his efforts have been a
large part of our success to date. The Troilus team wishes Paul and his family all the best and much success
in his future endeavours,” said Justin Reid, CEO.
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 is located in
the top-rated mining jurisdiction of Quebec, Canada, where i t holds a strategic land position of 1,420
km² in the Frôtet-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. The Company is advancing engineering studies following the
completion of a robust PEA in 2020, which demonstrated the potential for the Troilus project to become a
top-ranked gold and copper producing asset in Canada. Led by an experienced team with a track-
record of successful mine development, Troilus is positioned to become a cornerstone project in
North America.
For more information:
Justin Reid
Chief Executive Officer, Troilus Gold Corp.
+1 (647) 276-0050 x 1305
Cautionary Note Regarding Forward-Looking Statements and Information
This press release contains “forward-l ooking statements” within the meaning of applicable Canadian
securities legislation. Forward-l ooking statements include, but are not limited to, statements regarding
the impact of the resignation on the Company. Generally, forward-looking statements can be identified
by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “continue”, “anticipates” or “does not
anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions,
events or results “may”, “could”, “would”, “will”, “might” or “will be taken”, “occur” or “be
achieved”. Forward-looking statements are made based upon certain assumptions and other important
facts that, if untrue, could cause the actual results, performances or achievements of Troilus to be
materially different from future results, performances or achievements expressed or implied by such
statements. Such statements and information are based on numerous assumptions regarding present and
future business strategies and the environment in which Troilus will operate in the future. Certain
important factors that could cause actual results, performances or achievements to differ materially from
those in the forward- looking statements include, amongst others, currency fluctuations, the global
economic climate, dilution, share price volatility and competition. Forward-looking statements are subject
to known and unknown risks, uncertainties and other important factors that may cause the actual results,
level of activity, performance or achievements of Troilus to be materially different from those expressed
or implied by such forward- looking statements, including but not limited to: the impact the COVID 19
pandemic may have on the Company’s activities (including without limitation on its employees and
suppliers) and the economy in general; the impact of the recovery post COVID 19 pandemic and its impact
on gold and ot her metals; there being no assurance that the exploration program or programs of the
Company will result in expanded mineral resources; risks and uncertainties inherent to mineral resource
estimates; the high degree of uncertainties inherent to prelimina ry economic assessments and other
mining and economic studies which are based to a significant extent on various assumptions; variations in
gold prices and other precious metals, exchange rate fluctuations; variations in cost of supplies and labour;
receipt of necessary approvals; general business, economic, competitive, political and social uncertainties;
future gold and other metal prices; accidents, labour disputes and shortages; environmental and other
risks of the mining industry, including without limitation, risks and uncertainties discussed in the Technical
Report and in other continuous disclosure documents of the Company available under the Company’s
profile at www.sedar.com. Although Troilus has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking statements, there may be other
factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-
looking statements. Troilus does not undertake to update any forward- looking state ments, except in
accordance with applicable securities laws.