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TLG.TO ·

Troilus Announces Agm Results

Shareholder Meetings

TROILUS ANNOUNCES AGM RESULTS

December 16, 2020, Toronto, Ontario – Troilus Gold Corp. (TSX: TLG; OTCQB: CHXMF) (“Troilus” or

the “Company”), reports, in accordance with the policies of the Toronto Stock Exchange, that the

nominees listed in the Management Information Circular dated November 9, 2020 for the Annual

General & Special Meeting of Shareholders of the Company (the “Meeting”) were elected as directors of

the Company. Over 61% of all of the issued and outstanding shares of the Company were represented at

the Meeting.

Detailed results of the vote for the election of directors held at the Meeting on December 16, 2020 in

Toronto, Ontario are set out below.

The shareholders approved the election as directors of the persons listed below, based on the following

vote.

% Votes For % Votes Withheld

Justin Reid 93.7 6.3

Diane Lai 93.7 6.3

Andrew Cheatle 99.7 0.3

Hon. Pierre Pettigrew 93.4 6.6

Jamie Horvat 93.7 6.3

Tom Olesinski 93.4 6.6

Eric Lamontagne 93.4 6.6

John Hadjigeorgiou 93.3 6.7

Shareholders at the annual meeting also approved the appointment of the Company's auditors and

approved the adoption of an incentive share unit plan.

Troilus’ board would like to express its gratitude to its shareholders for their continued support.

About Troilus Gold Corp.

Troilus is a Toronto-based, Quebec focused, advanced stage exploration and early-development

company focused on the mineral expansion and potential mine re-start of the former gold and copper

Troilus mine. The 107,326 hectare Troilus property is located within the Frotêt-Evans Greenstone Belt in

Quebec, Canada. From 1996 to 2010, Inmet Mining Corporation operated the Troilus project as an open

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

For more information:

Justin Reid

Chief Executive Officer

+1 (647) 276-0050 x 1305

[email protected]

Cautionary statements

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,

the impact of the results on the Company and the receipt of any required regulatory approvals. 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: there being no assurance that the exploration program will result

in expanded mineral resources; ;risks and uncertainties inherent to mineral resource estimates; receipt of

necessary approvals; general business, economic, competitive, political and social uncertainties; future

prices of mineral 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

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 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.