Mr. Charles Elbourne reports

TROJAN GOLD INC. ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Trojan Gold Inc. has closed its previously announced non-brokered private placement of units, originally announced on Feb. 24, 2026. Pursuant to the offering, the company issued an aggregate of 501,390 units at a deemed price of 10 cents per unit.

The units were issued in settlement of outstanding indebtedness of the company to certain creditors in the amount of $50,139.

Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share for a price of 15 cents for a period of 24 months, subject to acceleration in certain circumstances.

All securities issued pursuant to the offering are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.

Certain insiders of the company participated in the offering, which constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a), respectively, as neither the fair market value of the securities issued to insiders, nor the consideration for such securities exceeds 25 per cent of the company's market capitalization. No new insiders were created, nor did any change of control occur, as a result of the offering.

About Trojan Gold Inc.

Trojan is an active Ontario-based prospect generator junior exploration company, led by a team of professionals having exploration, engineering, project financing and permitting experience. Trojan has accumulated land positions in the Hemlo gold camp and Shebandowan greenstone belt, which in management's view represent mineral exploration potential. Trojan is listed on the Canadian Securities Exchange under the symbol TGII and on the Frankfurt exchange under the symbol KC1.

We seek Safe Harbor.