Mr. Justin Reid reports

TROILUS STRENGTHENS LEADERSHIP TEAM AS PROJECT DEVELOPMENT ADVANCES

Troilus Gold Corp. has expanded its engineering team with three key appointments, further strengthening its capabilities as the Troilus project advances into the development and construction phase. The company is pleased to welcome Denis Rivard as executive vice-president, projects, and Chris Sharpe as vice-president of technical services, effective Feb. 1, 2025. In addition, Jerome Girard will be joining the team as process manager for the Troilus project, effective Feb. 10, 2025. These additions underscore Troilus's commitment to assembling a best-in-class team to advance one of the largest undeveloped gold-copper deposits in Canada, bolstering the company's technical expertise and project execution capacity.

Denis Rivard, PEng, has been appointed executive vice-president, projects, where he will lead the development of the Troilus project, overseeing the assembly of a professional team to execute detailed engineering, procurement and construction as well as directing all preconstruction activities. Mr. Rivard is a professional engineer with over 35 years of experience leading multibillion-dollar mining, infrastructure and processing projects worldwide. His extensive leadership experience includes senior roles at Freeport-McMoRan Copper & Gold Inc., Ausenco, SNC-Lavalin and WorleyParsons. At Freeport, Mr. Rivard served as regional director of projects in Africa, overseeing the delivery of major capital projects, including the development of a cobalt refinery, the rehabilitation of the Nseke hydro power plant and the management of prefeasibility work on a $2.3-billion copper-cobalt project. Most recently, he served as vice-president of the Reseau Express Metropolitain (REM) project at CDPQ Infra, where he oversaw the construction of Montreal's 65-kilometre autonomous light rail network -- one of the largest fully automated transit projects in the world. Mr. Rivard is a member of the Ordre des ingenieurs du Quebec (OIQ) and holds a bachelor's degree in mechanical engineering.

Chris Sharpe, PEng, has been appointed vice-president of technical services. In this role, Mr. Sharpe will oversee all technical and engineering aspects of the Troilus project, liaising closely with operations and project teams to ensure optimal performance, compliance, safety and cost-efficiency. With over 20 years of experience in mine planning, technical studies and project management, he has held leadership roles at Centerra Gold Inc. and Minera Alamos. Most recently, as vice-president of project development at Minera Alamos, Mr. Sharpe oversaw long-term open-pit mine planning activities of the Santana mine and Cerro de Oro open project, focusing on National Instrument 43-101 technical reports, economic modelling and mine design. Mr. Sharpe holds a bachelor's degree in mining engineering from Dalhousie University and is a member of the Association of Professional Engineers of Ontario.

Mr. Girard, who has been appointed process manager for Troilus, brings over 25 years of experience in mineral processing, mine operations and project management. Notably, he has a deep familiarity with the Troilus site, having held several senior roles during the mine's operation, including mill superintendent and chief metallurgist. Throughout his career, Mr. Girard has also held key positions at leading mining companies, including Cambior, Niobec, Goldcorp, Iamgold and TMAC Resources, where he managed processing facilities, optimized operations and oversaw the development of mining infrastructure. He holds a bachelor's degree in materials and metallurgical engineering from Laval University and is a member of both the OIQ and Professional Engineers Ontario (PEO). Mr. Girard will report to Andy Fortin, who was recently appointed as vice-president, operations, and general manager of the Troilus mine.

Ian Pritchard, ICDD, who previously held the role of senior vice-president, technical services, for Troilus, will now assume the role of senior vice-president, technical planning. Mr. Pritchard has played an instrumental role in shaping the technical direction of the Troilus project, most notably leading the delivery of the May, 2024, feasibility study, which outlined a generational-scale asset capable of supporting a 22-year, 50,000-tonne-per-day open-pit mining operation. In his new role, Mr. Pritchard will focus on co-ordinating all technical components of the project, ensuring seamless collaboration between internal teams, external consultants, senior management and the board of directors.

Justin Reid, chief executive officer of Troilus, commented: "The addition of Denis, Chris and Jerome to our leadership team reflects an exciting new chapter for the Troilus project. With engineering advancing, permitting well under way and early works planned for this year, we are bringing together the leadership required to ensure the project is construction ready. Denis's extensive track record in managing complex, large-scale projects, coupled with Chris's proven background in mine planning and development and Jerome's unique expertise in mineral processing and deep knowledge of the Troilus site, will significantly enhance our capabilities. Their leadership will build on Ian's foundational work, which has helped establish Troilus as one of the largest undeveloped copper-gold projects in Canada. Together, this team will be instrumental in executing our strategy and unlocking the immense value of the Troilus project as we move toward construction."

About Troilus Gold Corp.

Troilus Gold 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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