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TLG.TO ·

Troilus GOLD Corp. Announces Listing ON OTCQB

Listings & Exchange

TROILUS GOLD CORP. ANNOUNCES LISTING ON OTCQB

November 1, 2018, Toronto, Ontario – Troilus Gold Corp. (TS X: TLG) (OTCQB: CHXMF) (“Troilus” or the

“Company”) is pleased to announce th at it has received approval from the OTC Market Group Inc. to

commence trading on the OTCQB Venture Market under the OTCQB ticker symbol “ CHXMF”. Troilus’

shares will continue to trade on the TSX.

The OTCQB offers transparent trading in entrepreneurial and development stage companies that have

met a minimum bid price test, are current in their financial reporting and have undergone an annual

verification and management certification process. These standards provide a strong baseline of

transparency, as well as the technology and regulation to improve the info rmation and trading

experience for investors.

"We are very enthusiastic to be listing on the OTCQB Venture Market. We believe a secondary OTCQB

listing will provide increased access to US institutional investors and a broader shareholder base and

allow U.S. investors the opportunity to further share in the Company's continued expansion and growth

internationally," said Justin Reid, CEO of T roilus Gold Corp. "U.S. investors can obtain Real -Time quotes

and market information for the Company at www.otcmarkets.com and access the most current

company news and developments."

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 4,700-hectare Troilus property is located Northeast of the Val-d’Or district, within the

Frotêt-Evans Greenstone Belt in Quebec, Canada. From 1997 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:

Spyros Karellas

Communications Manager

+1 (416) 433-5696

[email protected]

Cautionary statements

This press release co ntains “forward -looking information” within the meaning of applicable Canadian

securities legislation. Forward-looking information includes, but is not limited to, statements regarding the

impact of U.S. trading on the Company and the receipt of any required regulatory approvals .. Generally,

forward-looking information can be identified by the use of forward -looking terminology such as “plans”,

“expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “int ends”,

“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”, “might” or “will be taken”,

“occur” or “be achieved”. Forward -looking info rmation is subject to known and unknown risks,

uncertainties and other factors that may cause the actual results, level of activity, per formance or

achievements of Troilus to be materially different from those expressed or implied by such forward-looking

information, including but not limited to: 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, ec onomic, competitive, political and social uncertainties; future

prices of mineral prices; accidents, labour disputes and shortages ; environmental and other risks of the

mining industry, including without limitation, risks and uncertainties discussed in the Technical Report and

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 information, there may be other

factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that

such information will prove to be accurate, as actual results and future events could d iffer materially from

those anticipated in such statements. Accordingly, readers should not place undue reliance on

forward-looking information. Troilus does not undertake to update any forward -looking information,

except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release does not constitu te or form a part of any offer or solicitation to purchase or subscribe

for securities in the United States. The securities referred to herein have not been and will not be

registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities

regulatory authority of any state or other jurisdiction in the United States, and may not be offered or

sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as

such term is define d in Regulation S under the Securities Act (“Regulation S”), except pursuant to an

exemption from or in a transaction not subject to the registration requirements of the Securities Act.