Mr. Zachary Kotowyc reports

TROUBADOUR ANNOUNCES SHARE CONSOLIDATION

Troubadour Resources Inc.'s board of directors has approved the implementation of a consolidation of the company's issued and outstanding common shares on the basis of 10 preconsolidation common shares for one postconsolidation common share. The consolidation was approved by shareholders at the company's annual general and special meeting held on March 11, 2026.

As of the date hereof, the company has 70,068,574 common shares issued and outstanding. Following completion of the consolidation, the company expects to have approximately 7,006,857 common shares issued and outstanding, subject to rounding. The effective date and record date of the proposed consolidation will be announced upon final approval from the TSX Venture Exchange.

No fractional shares will be issued as a result of the consolidation. Any fractional shares resulting from the consolidation will be rounded down to the nearest whole share without compensation. The exercise or conversion price, and the number of common shares issuable under any of the company's outstanding convertible securities, will be proportionately adjusted upon the effectiveness of the consolidation.

The company's transfer agent, Endeavor Trust Corp., will act as the exchange agent for the consolidation. The company will provide additional information regarding the new Cusip number for the postconsolidation shares once it has been assigned.

Following completion of the share consolidation, the company's common shares will continue to trade on the TSX-V under the symbol TR.

Completion of the consolidation remains subject to final approval of the TSX-V.

About Troubadour Resources Inc.

Troubadour 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, B.C., Troubadour trades on the TSX Venture Exchange under the symbol TR, on the OTC Venture Market under the symbol TROUF, and on the Frankfurt, Berlin and Tradegate stock exchanges under the symbol 2QD0/WKN: A3DBDE.

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