Troilus One of Three Finalists FOR Aemq’S “Excellence IN Sustainable Development” Award and “Entrepreneur of the Year” Award
TROILUS ONE OF THREE FINALISTS FOR AEMQ’S “EXCELLENCE IN SUSTAINABLE DEVELOPMENT”
AWARD AND “ENTREPRENEUR OF THE YEAR” AWARD
October 15, 2020, Toronto, Ontario – Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) (“Troilus” or the
“Company”) is pleased to report that it is one of three finalists for two awards to be presented by the
Quebec Mineral Exploration Association (AEMQ) at next week’s XPLOR 2020 Virtual Conference: the
“Excellence in Sustainable Development” award and the “Entrepreneur of the Year” award.
The Excellence in Sustainable Development is awarded to a company that has exhibited high standards in
sustainable development. The Entrepreneur of the Year is awarded to recognize the work of a team or
company that has experienced significant progress over the past year related to the development of a
specific project, a company’s overall activities or the advancement of a mining project leading to its
production phase.
Justin Reid, CEO and Director of Troilus Gold, commented, “We are very proud and honoured to have
been shortlisted for these awards among an esteemed field of Quebec mining companies. We’ve come
incredibly far since the acquisition of Troilus just a few years ago and delivered some major milestones
this year including an update to our mineral resource estimate which has resulted in a 142% increase to
the estimated indicated mineral resources and a 350% increase to the estimated inferred mineral
resources since 2017, as well as a positive Preliminary Economic Assessment that demonstrates a long life
project with robust economics. We also became the first Quebec mineral exploration company to obtain
certification for UL 2723: ECOLOGO Certification Program for Mineral Exploration Companies, a new
standard launched by AEMQ in November 2019 to recognize and promote environmental, social and
economic best practices. This recognition by AEMQ is a testament to the hard work and dedication of our
entire team as well as our commitment to the highest environmental and social standards as we continue
to advance the Troilus Gold project.”
Award recipients are selected by a committee reporting to AEMQ’s Board of Directors, who make their
selections based on an evaluation of the work, projects and research carried out during the year by
AEMQ’s corporate members.
XPLOR 2020 Virtual Conference
The award recipients will be announced at next week’s XPLOR 2020 virtual conference, which you can
register for at the following link: https://xplor.aemq.org/en/
We encourage you to tune into a presentation about the Troilus Gold Project by our Senior Vice-President
of Exploration, Blake Hylands and Chief Geologist Bertrand Brassard, on October 21, 2020 at 3:10pm.
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 will 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 of the likelihood of the Company receiving the awards and the impact in the event the Company
is successful, the planned drill program and results on the Company, the reliability of historical estimates
and the likelihood that they will be updated to current mineral resource estimates, the possible economics
of the project, 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 timing and
amount of estimated future exploration; the anticipated results of the Company’s 2020 drill program and
their possible impact on the potential size of the mineral resource estimate; the impact of the novel
coronavirus (COVID-19) and the considerable uncertainties about the geographic, social and economic
impact on the Company of its continuing global spread costs of future activities; capital and operati ng
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 ..
Generally, forward-looking statements can be i dentified 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 f acts 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 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 impo rtant
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 (including without
limitation on its employees and suppliers) 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 or programs of the Company will result in expanded mineral resources; risks and
uncertainties inherent to mineral resource estimates; the high degree of uncertainties inherent to
preliminary economic assessments and other mining and economic studies which are based to a significant
extent on various assumptions; variations in gold prices and other precious metals, exchange rate
fluctuations; variations in cost of supplies and labour; receipt of necessary approvals; general busine ss,
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 discuss ed in the Technical Report 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 event s 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.