Troilus Relocates Its Head Office to Montreal
TROILUS RELOCATES ITS HEAD OFFICE TO MONTREAL
February 1, 2022, Toronto, Ontario – Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX:
CHXMF) reports the relocation of its head office to Montreal, Quebec, from Toronto, Ontario, effective
today, February 1, 2022. The relocation reflects Troilus’ focus on the successful advancement and
development of its Troilus gold and copper project, located in northcentral Quebec, Canada, as well as
the strong commitment to its host province and local stakeholders.
Justin Reid, President, CEO and Director, of Troilus, commented: “We strongly believe that the Troilus
project is on track to becoming a cornerstone project in the province of Quebec, and in Canada. As we
steadily continue to de-risk and advance the project towards production, our host province of Quebec will
become the center of gravity for all development and growth; our Montreal office becoming our center
of operation and administration, where we will be in a better position to take advantage of the
outstanding local consultants, contractors, and other mining expertise the province has to offer. Our
commitment to the province has been reciprocated by the strategic investment of Quebec’s largest
institutional investors, providing a backstop and partnership as we move towards ultimate project
financing and development. We’re lucky to advance a project in a province that continues to place among
the most favourable mining jurisdictions in the world by the Fraser Institute, and we are proud to be able
to support Montreal’s long-established reputation as a main center for the Canadian Mining Industry.”
Troilus’ head office is now located at 715 Square Victoria, Suite 705, Montreal, Quebec, H2Y 2H7, which
can be reached at +1 (438) 320-4370. Our registered office remains at 36 Lombard Street in Toronto and
management will continue to work out of both locations.
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 is located in
the top-rated mining jurisdiction of Quebec, Canada, where is holds a strategic land position of 1,420 km²
in the Frôtet-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:
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 impact of the
change of head office location, the 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 timing and amount of estimated future exploration; the anticipated results of the Company’s
ongoing 2022 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. Generally, forward-looking statements can be identified by the use of forwa rd-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 c ause 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 regardi ng 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 will result in expanded mineral resources; risks and uncertainties inherent to mineral
resource estimates; 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; the receipt of necessary approvals; general business, economic,
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 most recent 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 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.