Troilus Selected BY the Government of Quebec to Receive Specialized Support Through the New Filon Initiative FOR Strategic Mining Projects
TROILUS SELECTED BY THE GOVERNMENT OF QUEBEC TO RECEIVE SPECIALIZED SUPPORT
THROUGH THE NEW FILON INITIATIVE FOR STRATEGIC MINING PROJECTS
July 27, 2026, Montreal, Quebec – Troilus Mining Corp. (TSX: TLG; OTCQX: CHXMF; FSE: CM5)
(“Troilus” or the “Company ”), is pleased to announce that the Troilus Project has been selected by
Québec's Minister of Natural Resources and Forests, the Honourable Kateri Champagne Jourdain, as
one of the first projects to benefit from Filon, a specialized support service established by the
Government of Québec to enhance government coordination and support the advancement of
strategic mining projects through the provincial permitting process.
Announced as part of Québec's 2025-2031 Strategy for the Development of Critical and Strategic
Minerals, Filon is designed to strengthen coordination among government ministries and agencies
involved in the authorization process for qualifying projects. Through a dedicated team of mining
specialists , the specialized support facilitate s communication between project proponents and the
government ministries and agencies responsible for issuing permits and authorizations , while
maintaining Québec's rigorous environmental review framework.
In addition, the specialized support provided through the Filon initiative comes amid broader efforts
by the Governments of Québec and Canada to improve the efficiency, clarity and predictability of
regulatory processes for major projects. Earlier this week, the two governments announced a
proposed "One Project, One Review" agreement aimed at harmonizing provincial and federal
environmental assessments, reducing duplication while maintaining rigorous environmental
oversight. Together, these initiatives reflect a growing commitment by the Governments of Québec
and Canada to supporting the responsible development of strategic mineral projects.
The Troilus Project is among the first projects to receive specialized support through the Filon
initiative, reflecting its strategic importance to Québec's critical minerals objectives and its advanced
stage of development. Troilus submitted the Environmental and Social Impact Assessment ("ESIA")
for its copper-gold Troilus Project in June 2025 and is currently advancing detailed engineering and
project financing. In June 2026, the Project secured a 70 MW hydroelectric power allocation from
Hydro-Québec and the Ministère de l'Économie, de l'Innovation et de l'Énergie ("MEIE").
Justin Reid, Chief Executive Officer of Troilus, commented, “We are honoured that the Government of
Québec has recognized the Troilus Project as one of the first projects to benefit from the specialized
support of Filon. As one of Québec's largest and most advanced copper-gold development projects,
Troilus is well positioned to contribute to Québec's economic growth and long-term critical minerals
strategy. We welcome initiatives that improve collaboration across government while maintaining a
rigorous and transparent permitting process, and we appreciate the Government of Québec's
continued commitment to advancing the responsible development of strategic mining projects in
Québec.”
Kateri Champagne Jourdain, Québec's Minister of Natural Resources and Forests, commented,
"Troilus is a large-scale mining project that will unlock Québec's significant gold and copper
resources. The Project will help strengthen our economy, create lasting benefits for Northern Québec
and reinforce Québec's position as one of the world's leading mining jurisdictions. Through Filon, the
Company will benefit from specialized support to help advance its project."
Through Filon, Troilus will benefit from specialized support provided by mining experts through
ongoing engagemen t with the Québec government ministries and agencies responsible for issuing
the permits and authorizations required to advance the Project. Through this service, each project is
assigned a dedicated expert whose role is to guide and direct companies through their administrative
processes, identify bottlenecks and facilitate engagement with the relevant government ministries.
This specialized support is expected to contribute to a more efficient and predictable permitting
process and help advance the Project on schedule. Selection of the Troilus Project for specialized
support through the Filon initiative represents another important milestone as the Company
continues to advance toward a construction decision.
About Troilus Mining Corp.
Troilus Mining Corp. is a Canadian development -stage mining company focused on the systematic
advancement of the former gold and copper Troilus Mine towards production. Troilus is located in the
tier-one mining jurisdiction of Quebec, Canada, where it holds a large land position of 435 km² in the
Frôtet-Evans Greenstone Belt. A Feasibility Study completed in May 2024 supports a large-scale 22-year,
50ktpd open-pit mining operation, positioning it as a cornerstone project in North America.
For more information:
Caroline Arsenault
VP Corporate Communications
+1 (647) 276-0050
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 participation in the Filon initiative on the Company and the likelihood that it will lead to
increased collaboration and improved coordination with regulators . 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” o r “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 sta tements. 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 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 or programs of the Company will result in expanded mineral
resources; risks and uncertainties inherent to mineral resource and reserve estimates; the high degree of
uncertainties inherent to feasibility studies and other mining and economic studies which are based to a
significant extent on various assumptions; variations in gold prices and other metals, exchange rate
fluctuations; variations in cost of supplies and labour; receipt of necessary approvals; availability of
financing for project development; uncertainties and risks with respect to developing mining projects;
general business, 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 discussed in the Company’s latest Annual
Information Form, its technical reports and other continuous disclosure documents of the Company
available under the Company’s profile at www.sedarplus.ca. 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.