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Troilus Announces Agm Results and Welcomes Brigitte Berneche to the Board

Management Changes Shareholder Meetings

TROILUS ANNOUNCES AGM RESULTS AND WELCOMES BRIGITTE BERNECHE TO THE BOARD

December 7, 2023, Toronto, Ontario – Troilus Gold Corp. (TSX: TLG; OTCQX: 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 October 31, 2023, for the Annual Special & General

Meeting of Shareholders of the Company (the “Meeting”) were elected as directors of the Company. Over

58% 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 7, 2023 in

Toronto, Ontario are set out below.

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

vote.

Board of Director Nominees % Votes For % Votes Withheld

Justin Reid 97.8 2.2

Diane Lai 97.9 2.1

Hon. Pierre Pettigrew 97.9 2.1

Tom Olesinski 98 2

Eric Lamontagne 97.9 2.1

Brigitte Berneche 98 2

Mr. Jamie Horvat and Mr. John Hadjigeorgiou did not stand for re-election. The Company would like to

thank them for their service.

Following election by shareholders at the Meeting, the Company is pleased to welcome Ms. Brigitte

Berneche to the Board. Ms. Berneche is a CPA, CA and has 15 years of experience with public companies

in the mining and publishing sectors, as well as experience with large accounting firms, specializing in

corporate tax. Since 2014, she has dedicated her time to a grass roots non-profit organization she created

which provides financial assistance to families with children with cerebral palsy. The organization gained

its charitable status in 2017. Ms. Berneche holds an Honours B.A. from the University of Toronto.

In addition, shareholders at the annual meeting also approved the appointment of the Company's auditors

and the re-approval of the Company’s existing Incentive Share Unit Plan.

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

About Troilus

Troilus 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 it holds a strategic land position of 435 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. 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 Further Information, Please Contact:

Caroline Arsenault

VP Corporate Communications

+1 (647) 276-0050

[email protected]

Cautionary Note Regarding Forward-Looking Statements and Information

This press release contains forward-looking statements and forward-looking information (collectively,

“forward-looking statements”) within the meaning of applicable securities laws. Such forward-looking

statements include, without limitation, statements regarding the use of proceeds from the Offering and

future results of operations, performance and achievements of the Company. Although the Company

believes that such forward-looking statements are reasonable, it can give no assurance that such

expectations will prove to be correct. Forward-looking statements are typically identified by words such

as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by

their nature, refer to future events. The Company cautions investors that any forward-looking statements

by the Company are not guarantees of future results or performance, and that actual results may differ

materially from those in forward-looking statements as a result of various factors and risks, including,

uncertainties of the global economy, market fluctuations, the discretion of the Company in respect to the

use of proceeds discussed above, any exercise of termination by counterparties under applicable

agreements, the Company’s inability to obtain any necessary permits, consents or authorizations required

for its activities, to produce minerals from its properties successfully or profitably, to continue its projected

growth, to raise the necessary capital or to be fully able to implement its business strategies and other

risks identified in its disclosure documents filed at www.sedarplus.ca. This press release is not, and is not

to be construed in any way as, an offer or recommendation to buy or sell securities in Canada or in the

United States.

Although the Company believes the expectations expressed in such forward-looking statements are based

on reasonable assumptions, such statements are not guarantees of future performance and actual events,

results and/or developments may differ materially from those in the forward-looking statements. Readers

should not place undue reliance on the Company's forward-looking statements. The Company does not

undertake to update any forward-looking statement that may be made from time to time by the Company

or on its behalf, except in accordance with and as required by applicable securities laws.