Troilus WINS “Excellence IN Sustainable Development” Award at Xplor 2020
TROILUS WINS “EXCELLENCE IN SUSTAINABLE DEVELOPMENT” AWARD AT XPLOR 2020
October 19, 2020, Toronto, Ontario – Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) (“Troilus” or the
“Company”) is proud to announce that it is the recipient of the “Excellence in Sustainable Development”
award presented annually by the Quebec Mineral Exploration Association (AEMQ), for the advancement
of its 100%-owned Troilus Gold Project, located northeast of Chibougamau, Quebec, within the Frôtet-
Evans Greenstone Belt. The Excellence in Sustainable Development is awarded to a company that has
exhibited high standards in sustainable development during the year.
The award was accepted by Justin Reid, CEO of Troilus, on behalf of the Company at AEMQ’s XPLOR 2020
Virtual Award Ceremony on October 19, 2020. 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 +140 corporate members.
Justin Reid, CEO and Director of Troilus, commented, “We couldn’t be more proud to have been selected
as the winner of the Excellence in Sustainable Development Award from an esteemed field of finalists who
represent some of the highest quality mining operations in Quebec and Canada. We at Troilus believe
that our job is not only to deliver returns to shareholders, but to make sure the decisions we make now
will have a long-lasting positive impact on all of our stakeholders. Earlier this year we became the first
Quebec mineral exploration company to obtain UL 2723: ECOLOGO Certification Program for Mineral
Exploration Companies, a new third party standard launched by AEMQ in November 2019 to validate,
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.”
To learn more about Sustainability at Troilus, please visit our website: www.troilusgold.com
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 operating
expenditures; success of exploration activities; the anticipated ability of investors to continue benefiting
from the Company’s low discovery costs, technical e xpertise and support from local communities .
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” 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 achiev ed”. 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 achie vements
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 t hat 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 impli ed 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 business,
economic, competitive, political and social uncertainties; future gold and other metal prices; accidents,
labour disputes and shortages; environmental and othe r risks of the mining industry , including without
limitation, risks and uncertainties discussed 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 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.