Mr. Justin Reid reports

FEDERAL LEADERS ENDORSE STREAMLINED PERMITTING PROCESS FOR MINING PROJECTS

Troilus Gold Corp. is encouraged by the increased national attention on the importance of mining and critical minerals development. Recent policy proposals from both the Liberal Party of Canada (LPC) and the Conservative Party of Canada (CPC) reflect a bipartisan consensus on the need to streamline permitting and enable the timely advancement of strategic projects that support Canada's energy transition, economic growth and global competitiveness.

Notably, the Troilus copper-gold project was recently identified as one of 10 key natural resource developments of interest in a CPC proposal to simplify and accelerate permitting and development. This recognition follows similar indications of support for a more efficient regulatory framework from the LPC, which has publicly endorsed a "one project, one review" permitting system.

As the largest copper project currently at the permitting stage in Quebec and one of the largest undeveloped copper-gold deposits in Canada, Troilus represents a significant opportunity to contribute to the country's economy and critical mineral objectives. A 2024 feasibility study outlined a 22-year mine life with an average annual production of 135.4 million copper equivalent pounds or 303,000 gold equivalent ounces (see press release dated May 14, 2024). At base-case metal prices of $1,975 (U.S.) for gold, $4.05 (U.S.) per pound for copper and $23 (U.S.) per ounce for silver and an exchange rate of 1.35, the Troilus project is expected to generate $1.23-billion in tax contributions to Quebec and $584-million to the government of Canada over its mine life. The scale and quality of the project have attracted strong international institutional interest, including a $700-million (U.S.) project financing mandate signed in March, 2025, with a syndicate of global financial institutions (see press release dated March 13, 2025).

Justin Reid, chief executive officer of Troilus, commented: "The growing dialogue at the federal level, on both sides of the floor, around streamlining permitting for major projects is an encouraging development for Canada's resource sector. We're pleased to see Troilus is recognized among the country's most strategic developments. As one of the largest development-stage assets in the country, Troilus has the potential to support national critical mineral priorities while generating long-term value and meaningful fiscal contributions. A clearer and more efficient regulatory pathway will help unlock that value sooner, for all Canadians."

With final submission of its environmental and social impact assessment (ESIA) expected in Q2 2025, Troilus remains committed to advancing the project in close collaboration with indigenous partners, local communities and government stakeholders at all levels. The company welcomes continued discussions on regulatory modernization and looks forward to doing its part to responsibly advance one of Canada's most important gold and copper projects.

Qualified person

The technical information in this press release has been reviewed and approved by Kyle Frank, PGeo, vice-president, exploration, corporate development, who is qualified person as defined by National Instrument 43-101. Mr. Frank is an employee of Troilus and is not independent of the company under NI 43-101.

About Troilus Gold Corp.

Troilus Gold is a Canadian development-stage mining company focused on the systematic advancement of the former Troilus gold and copper 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.

We seek Safe Harbor.