Troubadour Resources Options its Monarch Uranium Project to Pluto Ventures
Troubadour Resources Inc.
TSX.V TR
troubadourresources.com
Troubadour Resources Options its Monarch Uranium Project to Pluto Ventures
Vancouver, British Columbia / May 8, 2025 – Troubadour Resources Inc. ( “Troubadour”, or the
“Company”) (TSXV: TR) (OTCQB: TROUF), a North American mineral acquisition and exploration
company, is pleased to announce that it has entered into an option agreement (the “ Option” or the
“Agreement” or the “ Transaction”) with Pluto Ventures Inc. ( “Pluto”), whereby P luto may acquire a
100% interest in the Company’s Monarch Uranium Project (the “Project”), located in Nunavut, Canada.
The Transaction is not subject to Exchange approval, as it qualifies as an " Exempt Transaction" under
Exchange Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets.
The Agreement aligns with Troubadour’s strategy to streamline its portfolio and focus on its core assets,
including its gold and polymetallic projects in British Columbia and Quebec. By optioning the Project to
Pluto, Troubadour secures immediate and staged financial benefits while transferring exploration risk to a
capable partner with expertise in uranium exploration.
“We are thrilled to announce this option agreement with Pluto Ventures, which allows Troubadour to unlock
value from the Monarch Uranium Project while sharpening our focus on our core gold and polymetallic
assets,” said Zachary Kotowych, CEO of Troubadour Resources Inc.
Mr. Kotowych continued: “Pluto’ s expertise and commitment to advancing this high-potential uranium
project positions Troubadour to benefit from Monarch’ s upside as global uranium demand surges. This
transaction is a win -win, strengthening our balance sheet and aligning with our disciplined growth
strategy.”
In order to exercise the Option, Pluto must fulfill the following conditions:
Share Issuances
Pluto will issue an aggregate of 650,000 common shares to Troubadour, as follows:
• 250,000 shares on the effective date of the Agreement;
• 250,000 shares on or before the first anniversary of the Agreement; and
• 150,000 shares on or before the second anniversary of the Agreement.
Cash Payments
Pluto will pay Troubadour $50,000 in total cash consideration, on or before the second anniversary of the
Agreement.
Exploration Expenditures
Pluto will incur a minimum of $150,000 in exploration expenditures to be completed on or before the
second anniversary of the Agreement.
Pluto will serve as the operator of the Project while it is under option and has the flexibility to accelerate
share issuances, cash payments, and/or exploration expenditures to earn its interest ahead of schedule.
About Troubadour Resources Inc.
Troubadour Resources Inc. is a North American mineral acquisition and exploration company focused on
the development of quality critical mineral and precious metal properties that are drill -ready with high -
upside and expansion potential. Based in Vancouver, BC, Troubadour trades on the TSX Venture Exchange
under the symbol TR, and the OTCQB Exchange under the symbol TROUF.
Troubadour’s flagship project is the Senneville Gold -Copper Project. Comprised of 230 mineral claims
totalling over 130 km2, the Senneville Project is located within the prolific Val d’Or Mining Camp between
Probe Gold’s McKenzie Break deposit (1,453,400 ounces Inferred) to the north and the Probe’s Novador
Development Project to the south (6,049,100 ounces M&I and 1,400,900 ounces Inferred).
Note: Readers are cautioned that the geology of nearby properties is not necessarily indicative of the
geology of the Company's properties.
TROUBADOUR RESOURCES INC.
Zachary Kotowych
Chief Executive Officer and Director
437-855-4540
Neither TSX V enture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements:
This news release may include "forward -looking information" under applicable Canadian securities
legislation. Such forward -looking information reflects management's current beliefs and are based on a
number of estimates and/or assumptions made by and information currently available to the Company that,
while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that
may cause the actual results and future events to differ materially from those expressed or implied by such
forward-looking information. Readers are cautioned that such forward -looking information are neither
promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not
limited to, general business, economic, comp etitive, political and social uncertainties, uncertain and
volatile equity and capital markets, lack of available capital, actual results of exploration activities,
environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays
in obtaining governmental approvals and permits, and other risks in the mining industry.
The Company is presently an exploration stage company. Exploration is highly speculative in nature,
involves many risks, requires substantial expenditures, and may not result in the discovery of mineral
deposits that can be mined profitably. Furthermore, t he Company currently has no reserves on any of its
properties. As a result, there can be no assurance that such forward -looking statements will prove to be
accurate, and actual results and future events could differ materially from those anticipated in suc h
statements.