Pitchblack Completes Acquisition of Option to Buy Troilus GOLD Project and Announces Corporate NAME Change to Troilus GOLD Corp.

PITCHBLACK COMPLETES ACQUISITION OF OPTION TO BUY TROILUS GOLD PROJECT

AND ANNOUNCES CORPORATE NAME CHANGE TO TROILUS GOLD CORP.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

December 20, 2017, Toronto, Ontario - Pitchblack Resources Ltd. ( NEX: PIT.H) (“Pitchblack”) is

pleased to announce the closing of the previously announced reverse-takeover of Pitchblack

resulting in the acquisition of an option to buy the Troilus Gold Project (the “Transaction”) , located

northeast of the Val-d’Or district in Quebec, Canada.

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n connection with and immediately prior to the closing of the Transaction, the escrow release

conditions outlined in the press release of Sulliden Mining Capital Inc. (“Sulliden”) and Pitchblack

dated Nove mber 21, 2017 were all satisfied and, as a result, each subscription receipt (“Subscription

Receipt”) issued pursuant to the bought deal private placement offering (the “Offering”) of 2507868

Ontario Inc., a wholly -owned subsidiary of Sulliden (“Sulliden S ubco”), were converted into one (1)

common share and one (1) common share purchase warrant of Sulliden Subco. In connection with

the closing of the Transaction, the outstanding common shares and common share purchase

warrants of Sulliden Subco were exchang ed for common shares and common share purchase

warrants of Pitchblack , and Pitchblack common shares were consolidated on a four (4) for one (1)

basis. An aggregate of 14,030,000 Subscription Receipts were sold pursuant to the Offering, including

the full exercise of the over -allotment option, for aggregate gross proceeds of $23,009,200.

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pon completion of the Transaction, the conversion of the Subscription Receipts and the share

consolidation, the Company will have 41,510,620 common shares issued and outstanding. The Company

will mail a letter of transmittal to shareholders instructing shareholders to surrender the certificates

representing their common shares for replacement certificates representing the number of common

shares to which they are entitled as a result of the consolidation.

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urther details about the Transaction and Troilus Gold Corp. following the completion of the Transaction

are available in the information circular of Pitchblack dated November 22, 2017, which has been filed

under Pitchblack's profile on SEDAR.

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inal acceptance of the Transaction will occur upon the issuance of a final exchange bulletin by the

TSX Venture Exchange.

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orporate Name Change to Troilus Gold Corp. & New Website Launch

In co

nnection with the Transaction, Pitchblack has changed its corporate name and brand identity to

Troilus Gold Corp. (“Troilus”) to reflect the Company’s focus on the exploration and development of

the Troilus gold project. A new website has been launched for Troilus at www.troilusgold.com, which

will provide accurate and up-to-date information as the Troilus gold project advances.

Troilus common shares are expected to commence trading under the symbol “TLG” in the coming days

and following the issuance of a final listing bulletin by the TSX Venture Exchange.

Operations and Technical Focused Management Team & Board

As of closing of the transaction, Mr. Justin Reid has become Troilus’ new Chief Executive Officer and

board member and has concurrently resigned as Chief Executive Officer of Sulliden Mining Capital

Inc. Mr. Reid replaces Mr. G. Scott Moore, who will now assume the role of Chairman of the board of

directors of Troilus. Along with Mr. Reid’s appointment, Troilus is pleased to welcome Mr. Denis C.

Arsenault as its new Chief Financial Officer, Mr. Peter Tagliamonte as Executive Director, and the

Honourable Pierre Pettigrew as Director.

Troilus reports that Mr. Bill Clarke and Mr. Patrick Gleeson have resigned from the Company as

directors, effective immediately. The Troilus board now consists of the following five directors: Mr.

G. Scott Moore as Chairman, Mr. Peter Tagliamonte as Executive Director, Mr. Justin Reid together

with his role as Chief Executive Officer, Hon. Pierre Pettigrew, and Mr. Tom Olesinski. Short

biographies of the new board and officers, if not listed below, can be found in the Pitchblack and

Sulliden joint news release dated November 21, 2017.

Mr. Justin Reid is a geologist and capital markets executive with over 20 years of experience focused

exclusively in the mineral resource space. Mr. Reid started his career as a geologist with Saskatchewan

Geological Survey and Cominco Global Exploration after which he became a partner and senior mining

analyst at Sprott/Cormark Securities in Toronto. He is the former Managing Director Global Mining Sales

at National Bank Financial, where he directed the firm’s sales and trading in the mining sector. Most

recently, he was Chief Executive Officer of Sulliden Mining Capital Inc. where he actively managed the

company’s portfolio of projects and investments and played an integral role in structuring the

Transaction. He formerly acted as President and Director of Sulliden Gold Corporation, until its

acquisition by Rio Alto Mining in 2014, and has been a Managing Director at Aguia Resources Ltd. since

2015. He holds a B.Sc from the University of Regina, a M.Sc from the University of Toronto and an MBA

from the Kellogg School of Management at Northwestern University.

Mr. Denis Arsenault is a Chartered Professional Accountant with more than 30 years of experience. He

has held a variety of senior financial positions in a range of sectors, including mining and resources,

communications, truck trailer manufacturing and life sciences. Mr. Arsenault was the former CFO of

Sulliden Gold Corp. and Central Sun Mining Inc. Mr. Arsenault currently serves as a director of the

following Canadian mining companies: Thompson Creek Metals Company Inc., Murchison Minerals Ltd.,

Stonegate Agricom Ltd. and Belo Sun Mining. He formerly served on the board of directors of Rockcliff

Resources Inc., MBAC Fertilizer Corp. and Alliance Grain Traders Inc. Mr. Arsenault began his career with

KPMG in 1981, before co-founding Wasserman Arsenault, Chartered Accountants. Mr. Arsenault holds a

Bachelor of Commerce from the University of Toronto.

Mr. Tagliamonte is a professional mining engineer with over 25 years of progressive managerial

experience building and operating mines. He was formerly the CEO and a Director of Sulliden Gold Corp.

(acquired by Rio Alto Mining), President and CEO of Central Sun Mining Inc. (acquired by B2Gold) and

Chief Operating Officer of Desert Sun Mining Corp. (acquired by Yamana) where he was responsible for

the development of the Jacobina Mine in Brazil into a 4,200-tonne-per-day mining operation. In 2005,

Mr. Tagliamonte received the Mining Journal's "Mine Manager of the Year" award in recognition for his

work in the mining sector. Mr. Tagliamonte obtained his Mining Engineering degree at Laurentian

University in Sudbury, Ontario; he also holds an MBA from the Richard Ivey School of Business at the

University of Western Ontario.

The Honourable Pierre Pettigrew has had a distinguished career in both the public and private sectors.

From January 1996 to February 2006, he served as a member of the Government of Canada where he

led a number of senior government departments in successive Canadian governments. Among other

positions, he served Canada as the Minister of Foreign Affairs, the Minister of International Trade and

the Minister for International Cooperation. Pierre Pettigrew currently works with Deloitte & Touche LLP

in the role of Executive Advisor, International.

About Troilus Gold Corp.

Troilus Gold is a Toronto-based development-stage mining company focused on the mineral expansion

and potential mine re-start of the former gold and copper Troilus Mine. The 4,700 hectare Troilus

property is located northwest of the Val-d’Or district, within the Frotêt-Evans Greenstone Belt in

Quebec, Canada. From 1997 to 2010, Inmet Mining Corporation operated the Troilus Project as an

open-pit mine, producing more than 2,000,000 ounces of gold and 70,000 tonnes of copper.

Qualified Person

The technical and scientific information in this press release has been reviewed and approved by Blake

Hylands, P.Geo., who is a Qualified Person as defined by National Instrument 43-101.

For more information:

Caroline Arsenault

Corporate Communications

+1 (416) 861-5805

Cautionary statement regarding forward-looking information

This press release contains “forward-looking information” within the meaning of applicable Canadian

securities legislation. Forward-looking information includes, but is not limited to, statements regarding

Troilus’ plans for developing its properties, the intended use of the net proceeds of the Offering, receipt of

any required regulatory approvals and other statements related to the Transaction. Generally,

forward-looking information 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”,

“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”, “might” or “will be taken”,

“occur” or “be achieved”. Forward- looking information is subject to known and unknown risks,

uncertainties and other 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

information, including but not limited to: transaction risks; the impact of the appointments on the

company; receipt of necessary third party, shareholder and regulatory approvals; general business,

economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour

disputes and shortages and other risks of the mining industry. Although Troilus has attempted to identify

important factors that could cause actual results to differ materially from those contained in forward-

looking information, there may be other factors that cause results not to be as anticipated, estimated or

intended. There can be no assurance that such information 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 information. Pitchblack and Troilus do not undertake

to update any forward-looking information, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the

securities in the United States. The securities have not been and will not be registered under the United

States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may

not be offered or sold within the United States or to , or for the account or benefit of, U.S. Persons unless

registered under the U.S. Securities Act and applicable state securities laws or an exemption from such

registration is available.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.