Troilus Files Ni 43-101 Technical Report FOR the Troilus Project’S Feasibility Study
TROILUS FILES NI 43-101 TECHNICAL REPORT FOR THE TROILUS PROJECT’S FEASIBILITY STUDY
JUNE 28, 2024, Montreal, Quebec – Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG ; OTCQX:
CHXMF; FSE: CM5R) is pleased to announce that it has filed its NI 43 -101 Technical Report in support of
its Feasibility Study (“FS”) for the Troilus Project, located in northcentral Quebec, Canada within the
Frôtet-Evans Greenstone Belt.
The Technical Report titled “ NI 43-101 Feasibility Study: Troilus Gold – Copper Project Québec Canada”
dated June 28, 2024, with an effective date of May 14, 2024, was prepared by AGP Mining Consultants
Inc. and is in accordance with the National Instrument 43-101 Standards of Disclosure for Mineral Projects
and supports the disclosures made by the Company in its news release dated May 14, 2024. A full copy of
the Report is available on the Troilus website at www.troilusgold.com and can be found at SEDAR+
(www.sedarplus.ca) under the Company’s issuer profile.
Qualified Person
The FS is prepared by independent representatives of AGP, Lycopodium, Lamont and WSP, each of whom
are Qualified Persons as defined by NI 43-101 Standards of Disclosure for Mineral. Each of the QPs are
independent of Troilus Gold Corp. and have reviewed and confirmed that this news release fairly and
accurately reflects, in the form and context in which it appears, the information contained in the
respective sections of the Troilus FS for which they are responsible.
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. The Troilus copper-gold
project 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 results of the FS, including, without limitation various project economics, financial and operational
parameters such as the timing and amount of future production from the Project , expectations with
respect to the IRR, NPV, payback and costs of the Project, anticipated mining and processing methods of
the Project; proposed infrastructures, anticipated mine life of the Project, expected recoveries and grades,
timing of future studies including the environmental assessments (including the timing of an
environmental impact study) and 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 inve stors to
continue benefiting from the Company’s low discovery costs, technical expertise 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 take n”, “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 resul ts,
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 the
Company will result in expanded mineral resources; risks and uncertainties inherent to m ineral 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.