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Troilus Appoints Mining Executive Rob Doyle as Strategic Advisor Ahead of Construction Phase

Management Changes Mine Development & Operations

TROILUS APPOINTS MINING EXECUTIVE ROB DOYLE AS STRATEGIC ADVISOR AHEAD OF

CONSTRUCTION PHASE

July 9, 2025, Montreal, Quebec – Troilus Gold Corp. (“Troilus” or the “Company” ) ( TSX: TLG; OTCQX:

CHXMF; FSE: CM5R) is pleased to announce the appointment of Mr. Rob Doyle as Strategic Advisor to the

CEO and Chairman, effective August 1, 2025. A highly respected executive in the global mining sector, Mr.

Doyle will provide strategic , financial and operational guidance as the copper -gold Troilus Project

advances toward construction and long-term production.

Mr. Doyle brings more than 25 years of experience in international mining finance, corporate strategy and

project development. He is best known as a n executive and long -time Chief Financial Officer of Pan

American Silver Corp., where over an 18-year tenure he helped grow the company from inception to a

multi-billion-dollar producer, building multiple mines and leading numerous large -scale M&A

transactions. Most recently, he served as CFO of SilverCrest Metals Inc., acquired by Coeur Mining in a

$1.7 billion transaction earlier this year. Earlier in his career, he was the Senior Vice President of M ining

Finance and Metals Marketing for Standard Bank, where he structured financing and advisory transactions

for mining companies across the Americas.

In his advisory role, Mr. Doyle will work closely with the Company’s executive and finance teams to help

ensure operational readiness, robust internal controls, and disciplined financial strategy as Troilus

transitions into its next phase of growth. His mandate includes strategic support on financial governance,

project financing, risk management, and systems optimization - all with the goal of ensuring the Company

is well-positioned for construction and beyond.

Justin Reid, CEO of Troilus, commented, “Rob’s experience speaks for itself - he has been at the helm of

some of the most successful mine builds and financings in our industry and his perspective will be

invaluable as we finalize our development plans and prepare to execute. Having Rob on board strengthens

our internal capacity and sharpens our focus as we aim to build one of the next major Canadian copper -

gold producers. We’re thrilled to have him join our team at this pivotal time.”

Mr. Doyle currently serves as a board member and Audit Chair of several TSX and NYSE-listed mining

companies, and was named BC CFO of the Year (Large Public Company) by Business in Vancouver in 2019.

He holds a B.Bus.Sc in Finance from the University of Cape Town, is a Chartered Accountant (SA), CFA

charterholder, and holds the ICD.D designation from the Institute of Corporate Directors.

Troilus is advancing one of Canada’s largest undeveloped gold-copper projects in Quebec. With a

Feasibility Study completed in 2024 and the Environmental and Social Impact Assessment submitted last

month, the Company is targeting a construction decision in 2026. Key project financing milestones are

advancing in parallel, including an indicative offtake agreement with leading European smelter, Aurubis,

as part of a structured project financing process led by a syndicate of international financial institutions

(see press releases from March 13, 2025, June 18, 2025).

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 i t 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

[email protected]

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 appointment on the Company, the likelihood that the Company will be able to negotiate

a definitive offtake agreement on the terms and timeline indicated or at all, the likelihood that binding

funding commitments will follow on the timeline projected or at all, the likelihood that ECAs will provide

financing and guarantees, advancing towards a fully funded construction package, the expected capacity

of the Troilus Gold-Copper Project development plans to advance the Troilus project towards construction,

the impact of due diligence on structuring a definitive project debt package, the likelihood of structuring a

definitive project debt package with financial close on stated timeline or at all, structuring, identifying, and

engaging potential financing participants, development plans, opportuni ty to expand the scale of the

project, the project becoming a cornerstone mining project in Noth America; the development potential

and timetable of the project . 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 “d oes not anticipate”, or

“believes”, or variations of such words and phrases or statements that c ertain 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 re sults, 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 that the exploration program or programs of t he

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 si gnificant 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 uncerta inties discussed in the

Company’s latest Annual Information Form, its technical reports and other continuous disclos ure

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 int ended. 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 suc h

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.