Troilus Announces Change of Auditor
TROILUS ANNOUNCES CHANGE OF AUDITOR
October 22, 2025, Montreal, Quebec – Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FSE: CM5R)
(“Troilus” or the “Company”) announces that it has changed its auditor from McGovern Hurley LLP
(“Former Auditor”) to Deloitte LLP (“Successor Auditor” or “Deloitte LLP”) effective October 21,
2025. The appointment of Deloitte LLP was approved by the Board of Directors .
There were no reservations in the Former Auditor's audit reports for any financial period during
which the Former Auditor was the Company's auditor. There are no "reportable events" (as the term
is defined in National Instrument 51-102 - Continuous Disclosure Obligations) between the Company
and the Former Auditor. The Company wishes to express its sincere appreciation to McGovern
Hurley LLP for their services and professionalism during their tenure as auditor.
In accordance with NI 51-102, the Company has filed a Notice of Change of Auditor along with the
required letters from the Former Auditor and the Successor Auditor on SEDAR+.
About Troilus Gold Corp.
Troilus Gold Corp. is a Canadian development -stage mining company focused on the systematic
advancement of the former gold and copper Troilus Mine towards production. Troilus is located in the
tier-one mining jurisdiction of Quebec, Canada, where it holds a large land position of 435 km² in the
Frôtet-Evans Greenstone Belt. A Feasibility Study completed in May 2024 supports a large-scale 22-year,
50ktpd open-pit mining operation, positioning it as a cornerstone project in North America.
For more information:
Caroline Arsenault
VP Corporate Communications
+1 (647) 276-0050
Cautionary Note Regarding Forward-Looking Statements and Information
This press release contains “forward -looking statements” within the meaning of applicable Canadian
securities legislation. Forward-looking statements include, but are not limited to, statements regarding,
the impact of the change of auditor 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: there being
no assurance Troilus will meet all conditions for further draw downs under the Loan; uncertainties with
respect to additional warrants being exercised; 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 and reserve estimates; the high degree of uncertainties inherent to feasibility studies
and other mining and economic studies which are based to a significant extent on various assumptions;
variations in gold prices and other metals, exchange rate fluctuations; variations in cost of supplies and
labour; receipt of necessary approvals; availability of financing for project development; uncertainties
and risks with respect to developing mining projects; 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 Company’s latest Annual Information Form, its technical reports and other continuous
disclosure documents of the Company available under the Company’s profile at www.sedarplus.ca.
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 statements, except in accordance
with applicable securities laws.