Troilus Files Technical Report
TROILUS FILES TECHNICAL REPORT
August 31, 2020, Toronto, Ontario – Troilus Gold Corp. (TSX: TLG; OTCQB: CHXMF) (“Troilus” or the
“Company”) today announces the filing of a technical report (the “Technical Report”) for its 100% owned
Troilus property located 170 km by road north of Chibougamau, in northwestern Quebec, Canada (the
“Troilus Project”). The Technical Report, dated August 27, 2020 effective July 20, 2020 supports the
scientific and technical disclosure in the updated mineral resource estimates (see news release dated July
28, 2020).
The Technical Report titled, “Technical Report on the Troilus Gold-Copper Project Mineral Resource
Estimate, Quebec, Canada” was prepared by Mr. Paul Daigle, géo., Senior Associate Resource Geologist
with AGP Mining Consultants Inc. (AGP). Mr. Daigle is an independent Qualified Person in accordance with
the requirements of National Instrument 43-101 (“NI 43-101”). The Technical Report is available on SEDAR
at www.sedar.com and on the Company’s website at www.troilusgold.com.
Qualified Person
The technical and scientific information in this press release has been reviewed and approved by Bertrand
Brassard, M.Sc., P.Geo., Senior Project Geologist, who is a Qualified Person as defined by NI 43-101. Mr.
Brassard has also verified the technical dat a contained in this press release using industry accepted
standards. Mr. Brassard is an employee of Troilus and is not independent of the Company under NI 43-
101.
About Troilus Gold Corp.
Troilus is a Toronto-based, Quebec focused, advanced stage exploration and early-development company
focused on the mineral expansion and potential mine re-start of the former gold and copper Troilus mine.
The 107,326 hectare Troilus property is located within the Frotêt-Evans Greenstone Belt in Quebec,
Canada. From 1996 to 2010, Inmet Mining Corporation operated the Troilus project as an open pit mine,
producing more than 2,000,000 ounces of gold and nearly 70,000 tonnes of copper.
For more information:
Justin Reid
Chief Executive Officer
+1 (647) 276-0050 x 1305
Paul Pint
President
+1 (416) 602-1050
Cautionary Note Regarding Forward-Looking Statements and Information
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability; the
estimate of Mineral Resources in the updated Mineral Resource statement may be materially affected by
environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There
is no certainty that the Indicated Mineral Resources wi ll be converted to the Probable Mineral Reserve
category, and there is no certainty that the updated Mineral Resource statement will be realized.
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 and implications of the updated mineral resource estimate and drill results on the Company,
the growth potential and possible economics of the project and the Company’s understanding of the
project; the development potential and timetable of the project; the estimation of mineral resources;
realization of mineral resource estimates; the anticipated timing of the Preliminary Economic Assessment;
the timing and amount of estimated future exploration; the anticipated results of the Company’s planned
2020 drill program and their possible impact on the potential size of the mineral resource estimate; 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 expertise and
support from local communities; and the anticipated timing of filing the Technical Report. 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 resul ts, 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: the impact
the COVID 19 pandemic may have on the Company’s activities and the economy in general; the impact of
the recovery post COVID 19 pandemic and its impact on gold and other metals; there being no assurance
that the exploration program will result in expanded mineral resources; risks and uncertainties inherent to
mineral resource estimates; receipt of necessary approvals; general business, economic, competitive,
political and social uncertainties; future gol d 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 latest annual information form of the Company, in the Technical Report to
be filed and in other continuous disclosure documents of the Company available under the Company’s
profile at www.sedar.com. 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.
Cautionary Note to U.S. Investors Concerning Estimates of Mineral Resources
These mineral resource estimates have been prepared in accordance with the requirements of Canadian
securities laws, which differ from the requirements of U.S. securit ies laws. The terms “mineral resource”,
“measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in
NI 43-101 and recognized by Canadian securities laws but are not defined terms or recognized under U.S.
securities laws. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these
categories will ever be upgraded to mineral reserves. “Inferred mineral resources” have a great amount of
uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot
be assumed that all or any part of an “inferred mineral resource” will ever be upgraded to a higher
category. Under Canadian securities laws, estimates of “inferred mineral resources” may not form the
basis of feasibility or pre-feasibility studies. U.S. investors are cautioned not to assume that all or any part
of an inferred mineral resource exists or is economically or legally mineable. Accordingly, these mineral
resource estimates and related information may not be comparable to similar information made public by
U.S. companies subject to the reporting and disclosure requirements under the U.S. federal securities laws
and the rules and regulations thereunder.