Mr. Justin Reid reports

TROILUS UPSIZES DEBT FINANCING MANDATE FOR UP TO US$1.2 BILLION

Troilus Mining Corp. has further increased its previously announced debt financing mandate from up to $1.0-billion (U.S.) to up to $1.2-billion (U.S.), reflecting continued strong lender support and advancing progress toward a fully financed construction package for the Troilus copper-gold project, located in north-central Quebec, Canada.

The financing is being led by a syndicate of leading global financial institutions, including Societe Generale, KfW IPEX-Bank and Export Development Canada, and is expected to form the cornerstone of the project's overall financing structure. The increased mandate underscores the strong alignment between Troilus and its lending partners, supported by the project's scale, long-life production profile and growing strategic importance as one of North America's next major copper-gold mines. The structure of the facility is expected to provide a flexible, competitively priced source of capital, with meaningful support from export credit agency partners.

Justin Reid, chief executive officer of Troilus, commented: "The increase of up to $1.2-billion (U.S.) marks a major milestone as we advance the debt financing along with other components of the project financing package to position Troilus toward a fully funded construction decision. This expanded mandate reflects the significant progress made by the company through basic and into detailed engineering, which has provided the lending syndicate with increased confidence as our execution plan becomes more clearly defined. Troilus is also a uniquely flexible asset. We will produce dore on site while also shipping a precious-metal-rich copper concentrate to both international and domestic markets. That level of optionality is a real strength of the project as we move through the final gating items required to advance to construction."

Technical, financial, and environmental and social due diligence with the MLAs is well advanced and progressing toward completion, with finalization of the debt financing package subject to credit approvals, execution of definitive documentation and satisfaction of conditions precedent thereunder.

Auramet International Inc. continues to act as project finance adviser, supporting the company in structuring and executing a comprehensive financing solution to advance the project toward construction.

About Troilus Mining Corp.

Troilus 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.

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