Troilus Presents Its 2021 Sustainability Report
TROILUS PRESENTS ITS 2021 SUSTAINABILITY REPORT
December 12, 2022, Montreal, Quebec – Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) (“Troilus” or
the “Company”), reports that it has published its 2021 Sustainability Report (“the Report”),
highlighting Environmental, Social and Governance (“ESG”) initiatives, activities, and achievements
over the 2021 calendar year. The report details Troilus’ commitment to operating every facet of the
company in a transparent and sustainable manner, pursuing superior corporate governance, and
positively impacting our communities and the environment , while generating long-term value for its
stakeholders and shareholders. Highlights are presented below, while the complete report can be
found on the Company’s website at www.troilusgold.com in the Sustainability section.
Highlights of the 2021 Sustainability Report include:
• Strength in Gender Diversity – ~36% of full-time employees and 40% of the Senior
Management Team at Troilus were female, surpassing mining industry standards .
• Access to a Vital Source of Renewable Energy – 71% of energy used at the Troilus site is
derived from renewable hydroelectricity with existing infrastructure that will help power
contemplated future production while minimizing GHG emissions and carbon footprint .
• Prioritizing Local Business – 65% of Troilus’ total procurement spending went to suppliers
from the local economy in Northern Quebec, making Troilus an important economic
contributor to the region.
• A Safe Place to Work – Zero fatalities and zero work-related injuries resulting in lost time
among employees and contractors at site.
• Environmental Stewardship : Troilus had zero instances of non-compliance with
environmental regulations .
Justin Reid, CEO and Director of Troilus, commented, “We are pleased to share the positive progress
of our ESG program as we continued to advance the Troilus project responsibly and upholding the
highest standards when it comes to our corporate governance, our people, our communities, and the
environment . I’m very proud of our team’s accomplish ments in 2021, and we will strive to continue
leading the way with ESG initiatives and performance among our exploration and development -stage
peers.”
Troilus implemented its Sustainability Policy in 2020 to deliver on its objective of creating value for
shareholders while ensuring the responsible development of the project. The Company aims to
operate in a safe, socially, and environmentally responsible manner, contribute to the prosperity of
employees and local communities and respect the human rights, cultures, customs, and values of
those impacted by the Company’s activities. The Sustainability Policy is based on the four pillars of
People, Environment, Health & Safety and Communiti es, ensuring sustainable practices remain at the
core of Troilus’ business strategy.
To learn more about Sustainability initiatives at Troilus, please visit
https://www.troilusgold.com/s ustainability/overview/ .
About Troilus Gold Corp.
Troilus Gold Corp. is a Canadian-based junior mining company focused on the systematic advancement
and de-risking of the former gold and copper Troilus Mine towards production. From 1996 to 2010, the
Troilus Mine produced +2 million ounces of gold and nearly 70,000 tonnes of copper. Troilus’ claims
cover 435 km² in the top-rated mining jurisdiction of Quebec, Canada, within the Frotêt-Evans
Greenstone Belt. Since acquiring the project in 2017, ongoing exploration success has demonstrated the
tremendous scale potential of the gold system on the property with significant mineral resource growth.
The Company is advancing engineering studies following the completion of a robust PEA in 2020, which
demonstrated the potential for the Troilus project to become a top-ranked gold and copper producing
asset in Canada. Led by an experienced team with a track-record of successful mine development,
Troilus is positioned to become a cornerstone project in North America.
For more information:
Justin Reid
Chief Executive Officer, Troilus Gold Corp.
+1 (647) 276-0050 x 1305
Caroline Arsenault
VP Corporate Communications
+1 (647) 407-7123
Cautionary statements
This press release contains “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 the report on the Company. Generally, forward-looking statements can be identified by the
use of forward- looking ter minology such as “plans”, “expects” or “ does not expect”, “is e xpected”,
“budget”, “scheduled”, “estimates”, “forecasts” , “intends”, “continue”, “a nticipates” or “do es not
anticipate”, or “believes”, or va riations of such words and phrases or statements that certain actions,
events or results “may”, “co uld”, “would”, “wi ll”, “might” or “will be taken ”, “occur” or “be
achieved”. Forward-looking statements are made base d upon certai n assumptions and other important
facts that, if untrue, could cause the actual results, pe rformances or achievements of Troil us to be
materially different from future result s, performances or achie vements expressed or impl ied by such
statements. Such statements and information are based on numerous assumptions regarding present
and future business strategies and the envi ronment in which Troilus will operate in the future. Cer tain
important factors t hat could cause actual re sults, performances or achie vements to differ materially
from those in the forward- looking statements include, amongst other s, currency fluctuations, t he global
economic clim ate, dilution, share price volati lity and competition. Fo rward-looking statements ar e
subject to known and unk nown risks, uncertainties and ot her important factors that may cause the
actual results, level o f activity, performance or achievem ents of Troilus to be materially different from
those expressed or impli ed by such forward- looking statements, including but not l imited to: the impact
the C OVID 19 pandemic may have on the Company’s activiti es (including without limitation on its
employees and suppliers ) a nd the economy in general; the impact of the recovery post COVID 19
pandemic and its impact on gold and other me tals; there being no assu rance that the exploration
program or programs of t he Company will result in expanded miner al resources; risks and uncertainties
inherent to mineral resource estimates; th e high degree of uncertai nties inherent to pr eliminary
economic assessments and other mining and economic studies which are based to a significant extent on
various assumptions ; variat ions in gold pr ices and other precious metals, e xchange rate fluctuations;
variations in cost of su pplies and labour; receipt of necessary approvals; general business, economic,
competitive, political and so cial uncertai nties; future gold and othe r metal prices; accidents, labour
disputes and shortages ; environmental and othe r risks of the mining ind ustry, including wit hout
limitation, risks and uncertainties discussed in the Technical Report and in other continuous discl osure
documents of the Company avai lable under the Company’s profile at www.sedar.com. Although Troilus
has attempted to identify impo rtant factors that could cause actual results to differ ma terially from
those contained in forward -looking statements, there may be other factors that cause results not to be
as anticipated, estimated or i ntended. There can be no assurance that such stat ements will prove to be
accurate, as actual results and futu re events could differ materially from those antici pated in such
statements. Accordingly, readers should not place undue reliance on forward-looking statements. Troilus
does not undertake to updat e any forward- looking statem ents, except in accordance with applicable
securities laws.