Troilus Awards Detailed Design Engineering Contract to Bba to Advance the Troilus Copper-GOLD Project Towards Construction
TROILUS AWARDS DETAILED DESIGN ENGINEERING CONTRACT TO BBA TO ADVANCE THE
TROILUS COPPER-GOLD PROJECT TOWARDS CONSTRUCTION
January 28, 2025, Montreal, Quebec – Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FRA: CM5R)
(“Troilus” or the “Company”), is pleased to announce that it has awarded BBA Inc. (“BBA”) the
contract for basic and detailed engineering work for the copper and gold Troilus Project (the
“Project”) , located in north-central Quebec, Canada. This milestone marks a key advancement on the
path to construction.
BBA is a leading Canadian engineering consulting firm with over 40 years of experience delivering
innovative and sustainable solutions across the mining and natural resources sectors. The firm has
played a significant role in the development of some of Canada’s most successful and largest gold
operations , including the Canadian Malartic Mine and Detour Lake. Additionally, the firm has a
longstanding connection to the Troilus site, having contributed to the optimization of the flotation
circuit used during its operation under Inmet Mining Corp. With extensive experience in project
execution within Quebec and internationally, BBA is uniquely positioned to deliver top-tier
engineering for the Troilus Project.
Justin Reid, CEO of Troilus, commented, “Partnering with an experienced and trusted expert like BBA
underscores our commitment to unlocking the immense value of the Troilus mine. BBA’s proven track
record as a leader in designing and delivering some of Canada’s most successful gold mines instills
confidence in their ability to drive innovation and operational excellence for the Troilus Project. Their
familiarity with the site, dating back to its operation under Inmet, further strengthens their ability to
deliver a comprehensive and optimized design. With the recent additions to our engineering team, we
are confident that we have assembled the internal and external expertise necessary to ensure the
Project is construction -ready.”
BBA’s responsibilities will include the development of on-site infrastructure, such as mine services
buildings, administrative offices, and access roads; designing an optimized process plant to maximize
efficiency, including crushing, grinding, flotation, and gold recovery circuits; and preparing detailed
technical specifications to facilitate procurement activities. Their work will focus on refining designs,
optimizing capital by integrating existing infrastructure, and coordinating with contractors on
external elements, including power supply, tailings, and water management systems. The work
program is expected to commence in early February 2025.
About BBA Inc.
BBA has been providing a wide range of consulting engineering services for over 40 years. Today, its
engineering, environmental and commissioning experts team up to quickly and accurately pinpoint the
needs of industrial and institutional clients. The firm’s expertise is recognized in the Energy and Natural
Resources industry. With 20 offices in Canada and internationally (USA and Chile), offering clients local
support and field presence, BBA provides some of the industry’s most innovative, sustainable and
reliable engineering solutions.
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) 407-7123
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 contract award on the Company, the timing and impact of the dewatering and ESIA,
statements regarding the non -binding nature of the LOI and the likelihood that binding funding
commitments will follow on the timeline projected or at all, development plans, opportunity 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; the estimation of mineral resources and reserves;
realization of mineral resource and reserve estimates; the timing and amount of estimated future
exploration; costs of future activities; capital and operating expenditures; success of exploration
activities; the anticipated ability of investors to continue benefiting from the Company’s low discovery
costs, technical expert ise and support from local communities, the timing and amount of estimated
future exploration; and the anticipated results of the Company’s 2024 drill program and their possible
impact on the potential size of the mineral resource estimate. 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 statemen ts 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 risk s, 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 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.