Troilus Announces CFO Transition
TROILUS ANNOUNCES CFO TRANSITION
February 5, 2024, Montreal, Quebec – Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FRA: CM5R)
(“Troilus” or the “Company”), announces the retirement of Denis C. Arsenault , CPA, CA, Chief
Financial Officer (“CFO”), effective February 1, 2024, capping an illustrious 45-year career. Susanna
Milne, the Company’s Corporate Controller since its inception, will step into the CFO role, bringing
her extensive experience and deep understanding of Troilus' financial landscape to the forefront.
Justin Reid, CEO & Director of Troilus commented, “Denis has been the cornerstone of our finance
team from the very beginning, instrumental in laying the financial groundwork for Troilus' future
endeavours. Under his guidance and leadership, Susanna has demonstrated herself to be a dedicated
and proven leader and over the last year has been fully prepared for her new responsibilities to
ensure a seamless transition. We are excited to welcome Susanna to her new role as CFO. On behalf
of the Board and our entire team, I extend our heartfelt thanks to Denis for his exemplary service
and wish him all the best in his well-earned retirement. ”
Reflecting on his tenure, Mr. Arsenault commented, “My journey as Troilus' CFO has been immensely
rewarding, contributing to a team that has transformed a dormant site into one of North America's
largest undeveloped gold-copper deposits. I am confident in passing the baton to Susanna Milne, a
proficient and dedicated professional whose financial expertise and company knowledge position her
excellently for this role. Having worked closely with Susanna for over a decade, I am assured of her
capabilities to lead Troilus’ financial future. As I transition to retirement, I look forward to watching
Troilus' continued success as a committed shareholder.”
Ms. Susanna Milne, a Chartered Professional Accountant, brings nearly two decades of experience in
the mining sector, specializing in financial reporting, regulatory compliance, and strategic financial
planning. Her career includes significant roles at QMX Gold Corporation and Avion Gold Corporation,
where her financial leadership greatly contributed to their growth and success. Since joining Troilus
in 2017, Ms. Milne has been integral to the company's strategic achievements, combining her
comprehensive financial expertise with a profound understanding of the mining industry. Her
appointment as CFO is a testament to her unwavering commitment and proven ability to drive
financial excellence and corporate success.
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’ claims
cover 435 km² in the top-rated mining jurisdiction of Quebec, Canada, within the Frotêt-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 more information:
Justin Reid
Chief Executive Officer
+1 (647) 276-0050 x 1305
Caroline Arsenault
VP Corporate Communications
+1 (647) 407-7123
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 retirement and appointment on the Company. Generally, forward-looking statements
can b e identified by the use of forward -looking ter minology such as “plans”, “expects” or “ does not
expect”, “is e xpected”, “budget”, “scheduled”, “estimates”, “forecasts” , “intends”, “continue”,
“anticipates” or “does not a nticipate”, or “beli eves”, or variations of su ch words and phrases or
statements th at certain ac tions, events or res ults “m ay”, “co uld”, “would”, “will”, “might” or “ will be
taken”, “occur” or “be achieved”. Forward-looking statements are made based upon certain assumptions
and other i mportant facts that, if untrue, could cause the actua l results, performances or achievements
of Troil us to be materi ally different from future result s, performances or achie vements expressed or
implied by such stat ements. Such statements and information ar e based on numer ous 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 k nown and unknown risks, uncertainties and other important factors that may cause the
actual results, level o f activity, performa nce or achievements of Troilus to be materially di fferent from
those expressed or implied by such forward-looking statements, including but not limited to: there being
no assurance that the exploration program or programs of t he Company will result in expanded mineral
resources; risks and uncertainties inher ent to minera l resource estimates; th e high degree of
uncertainties inherent to pr eliminary ec onomic assessments and oth er mining and economic studies
which are based to a s ignificant ex tent on various assumptions ; variat ions in gold pr ices and other
precious metals, e xchange r ate fluctuation s; variations in cost of supplies and lab our; receipt of
necessary approvals; gene ral business, economic, competitive, political and so cial uncertainties; future
gold and other metal prices; accidents, labour disputes and shortages; environmental and other risks of
the mining ind ustry, including wit hout lim itation, risks and uncertainti es discussed in the Technical
Report and in other con tinuous disclosure documents of the Comp any avai lable under the Company’s
profile at www.sedar.com. Although Troilus has attempted to identify important factors that could cause
actual r esults to differ materially from those contained in forward -looking st atements, the re may be
other fact ors that cause results not to be as anticipated, e stimated or i ntended. There can be no
assurance that such statements will prove to be accurate, as actual results and future events could differ
materially from those antici pated in such statements. Accordingly, r eaders s hould not place undue
reliance on f orward-looking statements. Troilus do es not undertake to updat e any forward -looking
statements, except in accordance with applicable securities laws.