Mr. Justin Reid reports

TROILUS SELECTED BY THE GOVERNMENT OF QUEBEC TO RECEIVE SPECIALIZED SUPPORT THROUGH THE NEW FILON INITIATIVE FOR STRATEGIC MINING PROJECTS

Troilus Mining Corp.'s Troilus project has been selected by Quebec's Minister of Natural Resources and Forests, Hon. Kateri Champagne Jourdain, as one of the first projects to benefit from Filon, a specialized support service established by the government of Quebec to enhance government co-ordination and support the advancement of strategic mining projects through the provincial permitting process.

Announced as part of Quebec's 2025 to 2031 Strategy for the Development of Critical and Strategic Minerals, Filon is designed to strengthen co-ordination among government ministries and agencies involved in the authorization process for qualifying projects. Through a dedicated team of mining specialists, the specialized support facilitates communication between project proponents and the government ministries and agencies responsible for issuing permits and authorizations, while maintaining Quebec's rigorous environmental review framework.

In addition, the specialized support provided through the Filon initiative comes amid broader efforts by the governments of Quebec and Canada to improve the efficiency, clarity and predictability of regulatory processes for major projects. Earlier this week, the two governments announced a proposed "One Project, One Review" agreement aimed at harmonizing provincial and federal environmental assessments, reducing duplication while maintaining rigorous environmental oversight. Together, these initiatives reflect a growing commitment by the Governments of Quebec and Canada to supporting the responsible development of strategic mineral projects.

The Troilus project is among the first projects to receive specialized support through the Filon initiative, reflecting its strategic importance to Quebec's critical minerals objectives and its advanced stage of development. Troilus submitted the Environmental and Social Impact Assessment (ESIA) for its copper-gold Troilus project in June, 2025, and is currently advancing detailed engineering and project financing. In June, 2026, the project secured a 70-megawatt hydroelectric power allocation from Hydro-Quebec and the Ministere de l'Economie, de l'Innovation et de l'Energie (MEIE).

Justin Reid, chief executive officer of Troilus, commented: "We are honoured that the government of Quebec has recognized the Troilus project as one of the first projects to benefit from the specialized support of Filon. As one of Quebec's largest and most advanced copper-gold development projects, Troilus is well positioned to contribute to Quebec's economic growth and long-term critical minerals strategy. We welcome initiatives that improve collaboration across government while maintaining a rigorous and transparent permitting process, and we appreciate the government of Quebec's continued commitment to advancing the responsible development of strategic mining projects in Quebec."

Kateri Champagne Jourdain, Quebec's Minister of Natural Resources and Forests, commented: "Troilus is a large-scale mining project that will unlock Quebec's significant gold and copper resources. The project will help strengthen our economy, create lasting benefits for Northern Quebec and reinforce Quebec's position as one of the world's leading mining jurisdictions. Through Filon, the company will benefit from specialized support to help advance its project."

Through Filon, Troilus will benefit from specialized support provided by mining experts through continuing engagement with the Quebec government ministries and agencies responsible for issuing the permits and authorizations required to advance the project. Through this service, each project is assigned a dedicated expert whose role is to guide and direct companies through their administrative processes, identify bottlenecks and facilitate engagement with the relevant government ministries. This specialized support is expected to contribute to a more efficient and predictable permitting process, and help advance the project on schedule. Selection of the Troilus project for specialized support through the Filon initiative represents another important milestone as the company continues to advance toward a construction decision.

About Troilus Mining Corp.

Troilus Mining is a Canadian development-stage mining company focused on the systematic advancement of the former gold and copper Troilus mine toward 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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