Mr. Chris Huggins reports

TROUBADOUR RESOURCES LAUNCHES NEW WEBSITE

Troubadour Resources Inc. has launched a new website, brand and corporate presentation. The website and presentation can be found on-line.

The updated website and corporate presentation will provide investors, stakeholders and interested parties with a comprehensive overview of the company's mission and exploration strategy as it advances the Senneville project in Val d'Or, Que., quickly toward drilling.

The company is also pleased to advise that it will be applying for uplisting on the OTC Markets to the OTCQB from the pink sheets, subject to final approval. The company will provide subsequent updates on timing in due course.

The OTCQB is a premier marketplace for entrepreneurial and development-stage United States and international companies that are committed to providing a high-quality trading and information experience for their U.S. investors. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process every six months. The OTCQB quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve investors' access to information and trading experience.

The company is also pleased to announce that it is preparing to launch its 2024 field programs at its Senneville copper VMS (volcanic massive sulphide) property. The initial work at the property will be to complete a biogeochemical survey before embarking on ground geophysics which will lead into Troubadour's maiden drill program planned to commence later this fall.

The property is prospective for polymetallic VMS-style mineralization and comprises 173 mineral claims located in the eastern part of the Abitibi greenstone belt, about 25 kilometres (km) northeast of the gold mining centre of Val-d'Or, Que. It covers over 100 square kilometres and is contiguous in the south to Probe Metals' Novador project, host to the 2.04-million-ounce Monique resource grading 1.42 grams per tonne (g/t) gold (Au) and in the north to Monarch Mining's Beaufor mine, which has produced over 1.1 Moz Au.

"We are excited to apply modern and novel exploration techniques to the Senneville property," stated Troubadour Resources chief executive officer Chris Huggins. "The Senneville property is exceptionally well positioned for the Val d'Or's next major discovery and our planned exploration program will apply techniques that have proven their applicability but have not previously been applied to this ground. This work will help us finalize drill targets, prior to our fully funded maiden drill program, for which planning has already begun."

In particular, the company intends to carry out a biogeochemical survey to identify additional priority targets prospective for high-grade gold and copper mineralization that will be included in the company's maiden drill program to commence this coming fall.

Biogeochemical surveys are exploration techniques that excel at testing for buried mineralization not exposed at the surface by sampling and analyzing whole or selected parts of plants. As plants grow, metals and ions dissolved in the soil and groundwater are incorporated by the plants and migrate to the various parts (roots, truck, stem, bark, leaves) and, thus, the plants attain a chemistry reflective of the underlying bedrock. By sampling these biological materials along a systematic grid, Troubadour plans to identify areas most rich in metals or elements that indicate the most likely areas to host gold or copper mineralization.

Biogeochemical surveys have proven to be an effective method in identifying metal anomalies associated with gold and copper mineralization. The details of the sampling for the company's planned program (tree species, sampled material and more) are yet to be finalized. Sampling will be followed by ground-based geophysics to refine target horizons within the mineralized trend.

The work program will be completed pursuant to its option agreement whereby it may acquire a 100-per-cent interest in the property by completing $2-million in work expenditures at the property prior to the second anniversary of the execution of the option. The complete terms to acquire 100 per cent of the property are indicated in the attached table.

The property has the following net-smelter returns royalties (NSRs) which will be assumed by the company:

• 2-per-cent NSR to North American Exploration Ltd. for 72 claims;
• 2-per-cent NSR to Silverwater Capital Corp. for 62 claims;
• 2-per-cent NSR to Terrance Coyle/9093-6725 Quebec Inc. for 39 claims.

Troubadour is also pleased to announce that it has entered into shares-for-debt arrangements whereby the company will satisfy $200,480 of outstanding debt owed to certain arm's-length creditors through the issuance of up to 801,920 common shares of the company at a deemed price of 25 cents per common share. The completion of the shares-for-debt transaction is contingent upon customary closing conditions, including approval from the TSX Venture Exchange. The company anticipates finalizing the transaction in August, 2024. The common shares issued as part of this transaction will be subject to a statutory hold period of four months and one day from the date of issuance.

Qualified person

The technical content of this news release has been reviewed and approved by Deepak Varshney, PGeo, a qualified person as defined by National Instrument 43-101. Historical reports provided by the optionors were reviewed by the qualified person. The information provided has not been verified and is being treated as historic non-compliant intercepts.

About Troubadour Resources Inc.

Troubadour Resources 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.

We seek Safe Harbor.