Mr. Justin Reid reports

TROILUS STRENGTHENS FINANCIAL LEADERSHIP AS PROJECT ADVANCES TOWARDS CONSTRUCTION

Troilus Mining Corp. (formerly Troilus Gold Corp.) has appointed Marty Rendall as chief financial officer (CFO), effective March 1, 2026. The appointment further strengthens the company's financial leadership as Troilus advances toward construction readiness.

As part of this transition, Susanna Milne will assume the role of vice-president, finance, continuing to oversee the company's financial reporting, accounting, budgeting and internal control functions. Ms. Milne remains a key member of Troilus's leadership team and will work closely with Mr. Rendall as the finance organization continues to scale.

Justin Reid, chief executive officer of Troilus, commented: "We are very pleased to welcome Marty as chief financial officer at a pivotal stage in Troilus's development. He brings deep experience in leading mining companies through complex financing, construction and operations -- capabilities that align directly with where we are today. At the same time, Susanna has been instrumental in building Troilus's financial foundation since inception, and her continued leadership as vice-president, finance, ensures continuity, strength and depth across the finance function. Together, Marty and Susanna provide a highly complementary leadership team as we prepare for the next phase of growth."

Mr. Rendall is a senior finance executive with nearly 30 years of experience in the mining industry, having supported companies through exploration, development, construction and production across multiple commodities and jurisdictions. Most recently, he served as chief financial officer of Electra Battery Materials Corp., where he supported financing and the start of construction of its Ontario-based cobalt refinery.

Prior to Electra, Mr. Rendall spent 17 years as chief financial officer of Victoria Gold Corp., where he played a central role advancing the Eagle gold mine in Yukon from early stage exploration through construction and into operation. During his tenure, Victoria completed more than $1-billion in total financings, including large-scale construction financing and executed multiple corporate transactions. Mr. Rendall also served as corporate secretary and supported board and governance committee. Earlier in his career, he held senior finance roles with De Beers Canada and Breakwater Resources Ltd. and acted as a director of Takara Resources.

Mr. Rendall holds an honours bachelor of business administration from Brock University and is a chartered financial analyst (CFA).

Ms. Milne is a chartered professional accountant with nearly two decades of experience in the mining sector. Since joining Troilus at its inception in 2017, she has played a key role in establishing the company's financial systems, governance and reporting framework, and was appointed chief financial officer in 2024. In her new role, Ms. Milne will continue to lead financial reporting and the accounting team while supporting broader financial planning and strategy.

About Troilus Mining Corp.

Troilus Mining is a Canadian development-stage mining company focused on the responsible advancement of the former gold and copper Troilus mine toward near-term production. Troilus is located in the Tier 1 mining jurisdiction of Quebec, Canada, where it holds a large land position of 435 square kilometres in the Frotet-Evans greenstone belt. A feasibility study completed in May, 2024, supports a large-scale 22-year, 50,000-tonne-per-day open-pit mining operation, positioning it as a cornerstone project in North America.

We seek Safe Harbor.