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TLG.TO ·

Troilus Welcomes Jamie Horvat to Its Board of Directors

Management Changes

TROILUS WELCOMES JAMIE HORVAT TO ITS BOARD OF DIRECTORS

September 20, 2019, Toronto, Ontario – Troilus Gold Corp. (TSX: TLG; OTCQB: CHXMF) (“Troilus” or

the “Company”) is pleased to announce the appointment of Mr. Jamie Horvat to its board of directors,

effective immediately.

Justin Reid, CEO of Troilus, commented, “I am pleased to welcome Mr. Horvat to our Board. With two

decades of experience in asset management, Mr. Horvat has extensive knowledge of global capital

markets. His network of professional relationships will help us to identify new investors and increase

Troilus’s name recognition beyond the Canadian market. His years evaluating companies in the resource

sector for investment will help us to refine our value proposit ion and focus on delivering meaningful

returns to investors.”

Mr. Horvat is a Senior Executive who has had a highly successful, twenty-year career in asset management

with extensive experience within the North American and Global marketplace. His mandates have

included resources and precious metals, all-cap and small-cap, hedge funds and alternative

investments. In addition, Jamie has managed various institutional mandates for clients based in Europe,

Asia, the Middle East and North America. Mr. Horvat brings extensive capital markets expertise including

financial analysis, capital budgeting, stakeholder engagement, as well as environmental, social and

governance (ESG) acumen. Throughout his career Jamie has been acknowledged for his achievements,

winning numerous awards for his investment performance. Jamie holds an MSc Finance from the London

School of Economics and Political Science, a B. Com (Hons) from McMaster University and a Mechanical

Engineering Technology Diploma from Mohawk College.

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 16,000-hectare Troilus property is located northeast of the Val-d’Or district, 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:

Spyros Karellas

Director, Global Communications

+1 (416) 433-5696

[email protected]

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 appointment 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”, “intends”,

“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 information is subject to known and unknown risks, uncertainties and other

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 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, 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 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 differ materially from those anticipated in such

statements. Accordingly, readers should not place undue reliance on forward-looking information.

Pitchblack and Troilus do not undertake to update any forward-looking information, except in accordance

with applicable securities laws.