Mr. Justin Reid reports

TROILUS ANNOUNCES $5.8 MILLION STRATEGIC INVESTMENT BY VANECK VIA A NON-BROKERED PRIVATE PLACEMENT

Troilus Gold Corp. has completed a non-brokered private placement of approximately $5.8-million to funds managed by VanEck Associates Corp., a globally recognized investment management firm known for its forward-looking approach to identifying investment trends and one of the most influential institutional investors in the precious metals and junior mining sectors.

The offering consisted of 16,478,900 common shares of the company at a price of 35 cents per share, representing a 1.45-per-cent premium to the five-day volume-weighted average price (VWAP) of 34.5 cents as of Jan. 29, 2025. Following the closing of the offering, the accounts managed by VanEck now hold approximately 4.3 per cent of Troilus's total issued and outstanding shares, further aligning itself with the company's long-term growth and development. The net proceeds of the offering shall be used for general corporate and working capital purposes. The securities issued are subject to a regulatory hold period that expires on June 7, 2025.

VanEck's participation in this offering is a powerful endorsement of the Troilus project's quality, value potential and long-term scalability, further strengthening the company's position as it advances toward construction and future production.

Justin Reid, chief executive officer of Troilus, commented: "We are pleased to welcome VanEck as a strategic investor in Troilus. Their investment is a strong endorsement of the Troilus project's quality and its potential to become a cornerstone Canadian mining operation. As one of the most respected institutional investors in the gold sector, VanEck's support further strengthens our position as we advance toward construction."

VanEck is a leading global investment manager, offering both active and passive strategies across various structures, including ETFs (exchange-traded funds), mutual funds and institutional portfolios. The firm is known for identifying long-term investment trends, including its early recognition of gold's transformative potential as an asset class.

About Troilus Gold Corp.

Troilus 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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