Return to flip book view

Troilus Corporate Presentation

Page 1

Advancing one of North America s largest undeveloped gold copper deposits towards production A Generational Scale Asset in a Tier 1 Jurisdiction DECEMBER 2024 TSX TLG OTCQX CHXMF FSE CM5R

Page 2

CAUTIONARY LANGUAGE QP STATEMENTS AND LEGAL DISCLAIMERS The mineral reserve estimate disclosed herein has an effective date of January 15 2024 and is based on the mineral resource estimate dated October 2 2023 for Troilus Gold by AGP Mining Consultants Inc The Mineral Reserve estimate was completed under the supervision of Willie Hamilton P Eng of AGP who is a Qualified Person as defined under NI 43 101 Mineral Reserves are stated within the final pit designs based on a US 1 550 oz gold price US 20 00 oz silver price and US 3 50 lb copper price An NSR cut off of C 9 96 t was used to define reserves The life of mine mining cost averaged C 3 99 t mined preliminary processing costs were C 8 02 t ore and G A was C 1 94 t ore placed The metallurgical recoveries were varied according to gold head grade and concentrate grades 87 pit recoveries for equivalent grades were 95 5 94 7 and 98 2 for gold copper and silver respectively J pit recoveries for equivalent grades were 93 1 89 3 and 88 9 for gold copper and silver respectively X22 pit recoveries for equivalent grades were 95 5 94 7 and 98 2 for gold copper and silver respectively SW pit recoveries for equivalent grades were 85 7 91 5 and 85 6 for gold copper and silver respectively The formulas used to calculate equivalent values are as follows for 87 Pit AuEq Au 1 5361 Cu 0 0133 Ag for J Pit AuEq Au 1 4849 Cu 0 0123 Ag for SW Pit AuEq Au 1 6535 Cu 0 0129 Ag for X22 Pit AuEq Au 1 5361 Cu 0 0133 Ag Please refer to the identified risks in the Company s Annual Information Form available under the Company s profile at www sedarplus ca for known legal political environmental and other risks that could materially affect the potential development of the mineral resources and mineral reserves The completed NI 43 101 technical report associated with the Troilus Project FS will be available on SEDAR at www sedarplus ca under the Company s issuer profile as well as the Company s website at www troilusgold com within 45 calendar days This presentation reflects the technical information presented in the May 14 2024 press release Nicolas Guest P Geo Exploration Manager at Troilus Gold and Kyle Frank P Geo VP Exploration at Troilus Gold both of whom are Qualified Persons as defined by NI 43 101 have reviewed and approved the written disclosure in this presentation Feasibility Study Consultants The Troilus Project Feasibility Study was prepared and compiled by AGP Mining Consultants Inc AGP and supported by independent consulting firms Lycopodium Limited Lycopodium and WSP Canada Inc WSP in collaboration with Troilus technical team Qualified Persons for the Feasibility Study press release announced on May 14 2024 The FS is prepared by independent representatives of AGP Lycopodium and WSP each of whom are Qualified Person as defined by NI 43 101 Standards of Disclosure for Mineral Each of the QPs are independent of Troilus Gold Corp and have reviewed and confirmed that this news release fairly and accurately reflects in the form and context in which it appears the information contained in the respective sections of the Troilus FS for which they are responsible The affiliation and areas of responsibility for each QP involved in preparing the Troilus FS are provided below AGP QPs Paul Daigle P Geo Mineral Resources estimate Willie Hamilton P Eng Mineral Reserves Mine design and scheduling Gordon Zurowski P Eng Mine Costing and financial analysis Lycopodium QPs Ryda Peung P Eng Metallurgical review process design and operating cost estimate Balvinder Singh P Eng Capital cost estimates Zuned Shaikh P Eng Design and material take off for the process plant related infrastructure WSP QPs Vlad Rojanschi P Eng Design and material takeoff for the surface water management infrastructure hydrogeology and mine site water balance prediction Laurent Gareau P Eng Geotechnical design and v material takeoff for the Tailings Storage Facility Pierre Primeau P Eng Design and costs for TSF water treatment for suspended solids removal and selected surface water conveyance pipelines and pumping Marc Rougier P Eng Mine geotechnical aspects of open pits slopes design Cautionary Note regarding forward looking information This presentation contains forward looking statements within the meaning of applicable Canadian securities legislation Forward looking statements include but are not limited to statements regarding the results of the FS including without limitation various project economics financial and operational parameters such as the timing and amount of future production from the Project expectations with respect to the IRR NPV payback and costs of the Project anticipated mining and processing methods of the Project proposed infrastructures anticipated mine life of the Project expected recoveries and grades timing of future studies including the environmental assessments including the timing of an environmental impact study and development plans opportunity to expand the scale of the project the project becoming a cornerstone mining project in Noth America the development potential and timetable of the project the estimation of mineral resources and reserves realization of mineral resource and reserve estimates the timing and amount of estimated future exploration costs of future activities capital and operating expenditures success of exploration activities the anticipated ability of investors to continue benefiting from the Company s low discovery costs technical expertise and support from local communities the timing and amount of estimated future exploration and the anticipated results of the Company s 2024 drill program and their possible impact on the potential size of the mineral resource estimate Generally forward looking statements can be identified by the use of forward looking terminology such as plans expects or does not expect is expected budget scheduled estimates forecasts intends continue anticipates or does not anticipate or believes or variations of such words and phrases or statements that certain actions events or results may could would will might or will be taken occur or be achieved Forward looking statements are made based upon certain assumptions and other important facts that if untrue could cause the actual results performances or achievements of Troilus to be materially different from future results performances or achievements expressed or implied by such statements Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Troilus will operate in the future Certain important factors that could cause actual results performances or achievements to differ materially from those in the forward looking statements include amongst others currency fluctuations the global economic climate dilution share price volatility and competition Forward looking statements are subject to known and unknown risks uncertainties and other important factors that may cause the actual results level of activity performance or achievements of Troilus to be materially different from those expressed or implied by such forward looking statements including but not limited to there being no assurance that the exploration program or programs of the Company will result in expanded mineral resources risks and uncertainties inherent to mineral resource and reserve estimates the high degree of uncertainties inherent to feasibility studies and other mining and economic studies which are based to a significant extent on various assumptions variations in gold prices and other metals exchange rate fluctuations variations in cost of supplies and labour receipt of necessary approvals availability of financing for project development uncertainties and risks with respect to developing mining projects general business economic competitive political and social uncertainties future gold and other metal prices accidents labour disputes and shortages environmental and other risks of the mining industry including without limitation risks and uncertainties discussed in the Company s latest Annual Information Form its technical reports and other continuous disclosure documents of the Company available under the Company s profile at www sedarplus ca Although Troilus has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking statements there may be other factors that cause results not to be as anticipated estimated or intended There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements Accordingly readers should not place undue reliance on forward looking statements Troilus does not undertake to update any forward looking statements except in accordance with applicable securities laws Non IFRS Financial Measures The Company has included certain non IFRS financial measures or ratios in this presentation such as Initial Capital Cost All In Sustaining Cost Sustaining Capital and Capital Intensity which are not measures recognized under IFRS and do not have a standardized meaning prescribed by IFRS As a result these measures may not be comparable to similar measures reported by other corporations Each of these measures used are intended to provide additional information to the user and should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS Non IFRS financial measures used in this news release and common to the gold mining industry are defined below As construction and operation of the Project are at the study stage the Company does not have historical non IFRS financial measures nor historical comparable measures under IFRS and therefore the foregoing prospective non FRS financial measures or ratios may not be reconciled to the nearest comparable measures under IFRS All in Sustaining Costs AISC and AISC per Ounce AISC is reflective of all of the expenditures that are required to produce an ounce of gold from operations AISC reported in the FS includes total cash costs sustaining capital expansion capital and closure costs but excludes corporate general and administrative costs and salvage AISC per Ounce is calculated as AISC divided by payable gold ounces and copper silver credits Cautionary Note to U S Investors Concerning Estimates of Mineral Resources Mineral resource estimates have been prepared in accordance with the requirements of Canadian securities laws which differ from the requirements of U S securities laws The terms mineral resource measured mineral resource indicated mineral resource and inferred mineral resource are defined in NI 43 101 and recognized by Canadian securities laws but are not defined terms or recognized under U S securities laws U S investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be upgraded to mineral reserves Inferred mineral resources have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category Under Canadian securities laws estimates of inferred mineral resources may not form the basis of feasibility or pre feasibility studies U S investors are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable Accordingly these mineral resource estimates and related information may not be comparable to similar information made public by U S companies subject to the reporting and disclosure requirements under the U S federal securities laws and the rules and regulations thereunder

Page 3

We are responsibly advancing the pastproducing gold copper Troilus Project towards production One of the largest undeveloped gold equivalent deposits in North America Largest permitting stage copper project in Quebec 3rd largest undeveloped copper deposit 3

Page 4

VALUE PROPOSITION A Generational Scale Asset in a Tier 1 Jurisdiction Favourable Mining Jurisdiction 5 Quebec ranked 5 globally by the Fraser Institute in 2023 Quality Brownfield Site 1996 2010 Past producing mine extensive inherited and upgraded infrastructure Feasibility Study Generational Scale Asset 22 year Mine Life 1 56B Base Case PreTax NPV5 18 Pre Tax IRR 303 000 oz Avg Annual AuEq Production LOM 536 400 oz Peak Annual AuEq Production Year 7 1 109 oz Au LOM Avg AISC Large Mineral Resource 11 2 Moz AuEq Ind 1 80 Moz Inf Among the largest undeveloped Au Cu deposits in N A ESG Leadership Certified ECOLOGO certified UNGC member Aiming for carbonneutral operation See AuEq disclosure in the Appendix

Page 5

PROJECT ACQUISITION WE ARE HERE OUR JOURNEY FROM DISCOVERY TO PRODUCTION KEY MILESTONES IN A DECADE OF RAPID DEVELOPMENT 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 DISCOVERY Indicated Mineral Resources grow 447 from 2 05 Moz to 11 21 Moz AuEq ENGINEERING PEA 2020 FS 2024 Basic and detailed engineering underway PERMITTING Federal Provincial processes initiated in 2022 All permits for start of construction expected by end of 2026 PRE DEVELOPMENT CONSTRUCTION Pit dewatering initiated Aug 2024 Construction start expected in 2027 START UP Commissioning pre production in 2028 2029 5

Page 6

US 1 3 BILLION IN LOIs FOR TROILUS PROJECT DEVELOPMENT A strong foundation for a multi faceted financing structure from leading global export credit agencies GLOBAL RECOGNITION AS A HIGHLY FINANCEABLE COPPER GOLD PROJECT UP TO US 300M UP TO US 500M UP TO US 500M LOI from Canadian led ECA aligned with its Critical Minerals Strategy Funding subject to EDC s rigorous due diligence process including technical environmental and social considerations LOI backed by Germany s Federal Ministry for Economic Affairs and Climate Action Supports critical mineral development aligned with Europe s sustainable energy transition goals See press releases dated November 13 2024 November 19th 2024 and November 21st 2024 Combined US 500 million US 300M from Finland s Finnvera plc and US 200M from Sweden s EKN under Sweden s Raw Material Guarantee Contingent on strategic partnerships with Finnish equipment suppliers and a 10 year offtake agreement with Boliden Builds on historical relationships with concentrate from Troilus historically refined in Scandinavian smelters 6

Page 7

TIER ONE MINING JURISDICTION OF QUEBEC CANADA Strong collaborative efforts between Governments and mining industry to support mineral development Quebec is ranked 5th globally on the mining Investment Attractiveness Index Established regulatory and permitting framework Access to experienced mining labour suppliers contractors Chibougamau 170km south of Troilus According to the Fraser Institute s annual survey of mining 2023 Chibougamau Val d Or Quebec City Montreal 7

Page 8

LOCATED IN ONE OF THE WORLD S RICHEST GOLD REGIONS 8

Page 9

FEASIBILITY STUDY RESULTS THE TROILUS PROJECT One of Canada s largest future gold copper operations A generational scale asset in a Tier 1 jurisdiction 22 years MINE LIFE 536 400oz PEAK ANNUAL AVG AuEq PRODUCTION 303 000oz AVG ANNUAL AuEq PRODUCTION LOM 6 7Moz TOTAL RECOVERED OUNCES AuEq See AuEq disclosure in the Appendix AuEq production assumed a 92 recovery rate for all metals Refer to next slides for breakdown of individual metals 9

Page 10

FEASIBILITY STUDY HIGHLIGHTS All figures in US unless stated otherwise 22 years MINE LIFE 1 08B INITIAL CAPEX 5 7 year P A Y B A C K 1 109 oz LOM Avg AISC See AuEq disclosure in the Appendix 303 000 oz ANNUAL PRODUCTION Avg LOM AuEq 135 4Mlbs ANNUAL PRODUCTION Avg LOM CuEq BASE CASE Au 1 975 oz Cu 4 05 lb Ag 23 oz PRE TAX 1 56B 18 N P V 5 IRR AFTER TAX 885M N P V 5 14 IRR 5 7 years AFTER TAX PAYBACK 10

Page 11

FEASIBILITY STUDY SUMMARY All figures in US unless stated otherwise 150M FCF Avg Annual LOM Base Case 6 7 Moz AuEq Total Recovered LOM 536 400 oz AuEq Peak Annual Avg Production PRODUCTION Average Annual Total Production Average Annual Gold Production Average Annual Copper Production Average Annual Silver Production Mill Throughput Probable Reserves AuEq Mine Life Strip Ratio 303 000oz AuEq 244 600 oz 17 3 M lbs 446 700 oz 50 000 tpd 380Mt 7 26Moz 0 59 g t 22 years 3 1 1 COSTS Total cost per tonne of ore All In Sustaining Costs AISC Initial CAPEX Sustaining CAPEX See AuEq disclosure in the Appendix AuEq production assumed a 92 recovery rate for all metals Refer to next slides for breakdown of each individual metal 19 t Au 1 109 oz Au 1 08B 276 6M 11

Page 12

PRODUCTION PROFILE GOLD EQUIVALENT 314 200oz YEARS 1 5 600 000 300 000oz YEARS 6 22 303 000oz Avg LOM 0 59 g t Avg GRADE 9 913 229 206 248 148 278 161 349 822 465 720 399 806 536 370 409 404 324 719 358 310 384 422 249 052 286 789 315 809 218 219 216 386 240 073 386 833 304 505 261 598 195 719 7 161 500 000 400 000 300 000 200 000 100 000 0 YR 1 YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7 YR 8 YR 9 YR 10 YR 11 YR 12 YR 13 YR 14 YR 15 YR 16 YR 17 YR 18 YR 19 YR 20 YR 21 YR 22 See AuEq disclosure in the Appendix AuEq production assumed a 92 recovery rate for all metals Refer to next slide for breakdown of each individual metal 12

Page 13

Ounces Million Pounds PRODUCTION PROFILE Au Cu Ag Average Annual Production 700 000 600 000 500 000 400 000 256 200oz Au 16 1 Mlbs Cu 475 200oz Ag YEARS 1 5 241 200oz Au 17 7 Mlbs Cu 438 300oz Ag YEARS 6 22 244 600oz Au 17 3 Mlbs Cu 446 700oz Ag LOM 35 4 6B BASE CASE 30 GROSS CASH FLOW PRE TAX EXCL DEBT 25 20 300 000 15 200 000 10 100 000 5 0 YR 1 YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7 YR 8 YR 9 YR 10 YR 11 YR 12 YR 13 YR 14 YR 15 YR 16 YR 17 YR 18 YR 19 YR 20 YR 21 YR 22 See AuEq disclosure in the Appendix AuEq and CuEq recovered metal assumes a 92 recovery rate for all metals Gold Silver Copper TOTAL METAL RECOVERED LOM 6 7 Moz AuEq 3 0 Blbs CuEq 5 4 Moz GOLD 382 Mlbs COPPER 9 9 Moz SILVER 13

Page 14

PROJECT POSITIONING CANADA 2024 Forecasted Production and AISC of Active Gold producing Assets 1 Annual Production Koz AISC US oz Detour Lake Canadian Malartic Meadowbank Meliadine LaRonde Troilus Brucejack Porcupine Rainy River Eleonore Macassa Young Davidson Lamaque Eagle Gold Mount Milligan Hemlo Goldex Timmins Island Casa Berardi 677 604 432 364 307 303 6 in Gold Production 286 260 260 232 229 185 177 167 154 141 141 133 131 90 Timmins Casa Berardi Hemlo Porcupine Eleonore Rainy River Brucejack Young Davidson Lamaque Mount Milligan Troilus Island 1 890 1 875 1 650 1 510 1 500 1 475 1 370 1 200 1 130 1 125 1 109 2nd lowest AISC in Canada 900 Source Company disclosures 1 Based on 2024 management guidance Some companies do not provide AISC on an asset level Troilus metrics based on May 2024 FS results on an AuEq basis EMERGING PRODUCERS AISC US oz Troilus 1 109 Highlights Troilus conservative approach to costing and inputs Valentine 1 046 Greenstone 890 Cote 854 Blackwater 781 Back River 775 14

Page 15

CUMULATIVE FREE CASH FLOW 2 500 000 000 2 000 000 000 1 500 000 000 BASE CASE 150M AVG ANNUAL FCF BASE CASE 2 2B Cumulative After Tax FCF 1 000 000 000 500 000 000 YRR3 YR 4 YR 55 YR 6 YR 7 YR 8 YR 9 YR 10 YR 11 YR 12 YR 13 YR 14 YR 15 YR 16 YR 17 YR 18 YR 19 YR 20 YR 21 YR 22 500 000 000 1 000 000 000 1 500 000 000 15

Page 16

STRATEGIC METAL EXPOSURE COPPER Total Metal Recovered LOM 83 Au GOLD 5 4Moz Cu COPPER 382Mlbs 15 Ag SILVER 9 9Moz 2 See AuEq disclosure in the Appendix CuEq recovered metal assumes a 92 recovery rate for all metals 74 900 WMT LOM AVERAGE ANNUAL COPPER CONCENTRATE 135 4 Mlbs AVERAGE LOM CuEq ANNUAL PRODUCTION 16

Page 17

CAPEX Initial and Sustaining INITIAL CAPEX 1 074M SUSTAINING CAPEX 276 6M 443M 258M 11M 89M 100M 173M Mining Process Plant Infrastruture Indirects Contingency Environmental 209 1M S U S T A I N I N G C A P I T A L 67 5M C L O S U R E C O S T S BROWNFIELD PROJECT ADVANTAGE 500M Value of existing installed and upgraded infrastructure from former Troilus mine 1996 2010 17

Page 18

TROILUS S COMPETITIVE EDGE IN CAPEX EFFICIENCY The Troilus Project stands out for its low capital intensity with a CAPEX oz well below the average of comparable development stage projects in Canada Total CAPEX Total AuEq Production US oz TroiTlruoislu sT rToroililuuss First Mining Springhole 216 224 310 oz average B2 Gold Black River 235 Equinox Greenstone 251 Skeena Eskay Creek 252 Calibre Valentine 293 Spanish Mountain Spanish Mountain 323 NexGold Goliath 337 Artemis Blackwater 348 IAMGOLD Cote 623 0 100 200 300 400 500 600 700 Source Data provided by Desjardins Securities based on Company filings as at October 1 2024 Capex and production figures sourced from technical reports available at the time of construction and do not reflect subsequently announced capex increases AuEq calculated using Desjardins 2026 metal price assumptions of Au 2 300 oz Cu 5 lb and 29 oz Ag Total capex includes initial expansion and sustaining capex but excludes closure reclamation costs 18

Page 19

AISC US oz Au Brucejack Macassa Goldex OPERATING COSTS Average LOM 1 109 oz Au AISC 19 06 t OPERATING COST t ORE 1st quartile AISC among the major Canadian gold mines 2 000 1 800 1 600 1 400 1 200 Weighted Average AISC US 1 256 oz Au 1 000 800 LaRonde Island Meliadine Detour Lake Canadian Malartic 600 400 200 0 2023 Paid Gold Ounces in 000s Source Red Cloud Securities Company Reports and S P Capital as of May 7th 2024 Porcupine Lamaque Eleonore Musselwhite Young Davidson Dublin Gulch Rainy River Red Lake Meadowbank Hemlo Timmins Timmins 11 60 Mining 19 t 5 64 Processing 1 82 G A Trucking Port Shipping 19

Page 20

US 500M OF INHERITED VALUE Initial Construction Starter Camp installed septic 50MW Substation Core Storage Logging 60 km Power Line Site Roads and River Crossings Water Treatment Facilities Permitted Tailings Facility Associated Infrastructure 20

Page 21

MINE SITE LAYOUT ULTIMATE PIT SIZES AT YEAR 22 21

Page 22

PROCESS FLOWSHEET PROCESS PLANT Cyanide free operation Copper Concent rate Dor Bar 22

Page 23

PROCESS PLANT 3D RENDERING CRUSHING HPGR STOCKPILE RECLAIM CONCENTRATE FILTRATION SHIPPING THICKENING GRAVITY REFINING BALL MILLS FLOTATION REGRIND 23

Page 24

LONGITUDINAL SECTION RESOURCES RESERVES 2023 Resource Pits 2024 Reserve Pits RESOURCES INDICATED 508 3Mt 11 21Moz AuEq 0 69 g t AuEq INFERRED 80 5Mt 1 80Moz AuEq 0 69 g t AuEq RESERVES PROBABLE 380Mt 7 26Moz AuEq 0 59 g t AuEq SOUTHWEST X22 Z87 Former Z87 Pit J Former J Pit 2018 2023 Drilling 2023 Resource Pit 2024 Reserve Pit 2023 Mineralization Envelope See AuEq disclosure in the Appendix 500m 24

Page 25

MINERAL RESOURCE GROWTH OP UG 2016 2023 Acquisition of Troilus 11 21 Moz AuEq Tonnage Mt AuEq Grade g t Tonnage Mt AuEq Grade g t 2 05 Moz AuEq 0 70 Moz AuEq Ind Inf 2016 44 0 1 45 18 7 1 16 2016 INHERITED RESOURCE J pit Z87 pit 3 92 Moz AuEq 1 17 Moz AuEq Ind Inf 2018 121 7 1 00 36 1 1 01 4 71 Moz AuEq 1 76 Moz AuEq Ind Inf 2019 159 1 0 92 52 7 1 04 4 96 Moz AuEq 3 15 Moz AuEq Ind Inf 2020 177 3 0 87 116 7 0 84 1 80 Moz AuEq Ind Inf 2023 508 3 0 69 80 5 0 69 2023 SIGNIFICANT MINERAL GROWTH AT SURFACE J Zone Z87 Z87S South Southwest 300m Inf Ind 800m Cut off grades are based on US 1 850 oz Au 4 25 lb Cu and 23 00 oz Ag with an exchange rate of US 1 00 CAD 1 30 Recoveries varied with an average of 90 Gold 92 5 Silver and 91 8 copper without considering revenues from other metals AuEq formulas are calculated as follows Z87 Zone AuEq Au grade 1 5628 Cu grade 0 0128 Ag grade J Zone AuEq Au grade 1 5107 Cu grade 0 0119 Ag grade X22 Zone AuEq Au grade 1 5628 Cu grade 0 0128 Ag grade SW Zone AuEq Au grade 1 6823 Cu grade 0 0124 Ag grade 1 See NI43 101 Technical Report related to this Mineral Resource Estimate dated Jun 30 2016 RPA 2 See NI43 101 Technical Report related to this Mineral Resource Estimate dated Jan 1 2019 RPA 3 See NI43 101 Technical Report related to this Mineral Resource Estimate dated Dec 20 2019 RPA 4 See NI43 101 Technical Report related to this Mineral Resource Estimate dated Aug 27 2020 AGP 5 See NI43 101 Technical Report related to this Mineral Resource Estimate dated Oct 2 2023 AGP 25

Page 26

ONE OF CANADA S LARGEST UNDEVELOPED AU CU DEPOSITS Select Undeveloped Canadian Gold Projects 14 0 12 0 1 8 Construction 0 3 Inferred M I GOLD RESOURCES MMoz Au AuEq where applicable 10 0 8 3 8 0 Construction 3 3 1 7 2 9 Construction 6 0 11 2 12 4 4 0 6 7 2 0 4 5 0 0 TROILUS Troilus Project STLLR Tower Gold ARTEMIS Blackwater PROBE Novador 3 3 7 6 6 3 4 0 7 0 5 2 3 9 2 7 2 6 3 4 5 6 5 5 2 4 3 1 0 4 4 7 1 7 3 4 1 1 4 0 0 3 Construction 0 7 1 8 4 6 4 0 2 1 FALCO Horne 5 B2 GOLD GOLDFIELDS BANYAN GOLDSHORE KINROSS Back River Windfall AurMac Moss Great Bear FIRST MINING Duparquet AGNICO Hammond Reef SKEENA WALLBRIDGE SPA Eskay Fenelon Spanish Creek Mountain STLLR Colomac CALIBRE Valentine FIRST MINING Springpole THESIS Lawyers Ranch AGNICO Upper Canada M I Grade g t 0 69 Eq 0 92 Inf Grade g t 0 69 Eq 1 09 Open Pit Underground OP OP 0 65 1 51 2 25 Eq 5 88 11 40 0 53 2 03 2 23 Eq 6 44 8 40 OP OP UG UG OP UG UG 0 00 1 23 2 81 1 55 0 61 1 11 4 74 1 62 OP OP UG OP UG OP 0 68 3 40 Eq 3 09 0 50 1 50 1 90 0 94 1 51 Eq 3 57 0 00 1 90 Eq 2 96 0 63 2 17 1 65 0 54 1 82 EQ 3 11 OP OP OP UG OP OP UG OP OP OP UG OP UG Source Cormark Securities S P Capital and corporate disclosures Cut off grades are based on US 1 850 oz Au 4 25 lb Cu and 23 00 oz Ag with an exchange rate of US 1 00 CAD 1 30 Recoveries varied with an average of 90 Gold 92 5 Silver and 91 8 copper without considering revenues from other metals AuEq formulas are calculated as follows Z87 Zone AuEq Au grade 1 5628 Cu grade 0 0128 Ag grade J Zone AuEq Au grade 1 5107 Cu grade 0 0119 Ag grade X22 Zone AuEq Au grade 1 5628 Cu grade 0 0128 Ag grade SW Zone AuEq Au grade 1 6823 Cu grade 0 0124 Ag grade 26

Page 27

CLOSING THE VALUE GAP TROILUS VS ARTEMIS As represented by the Lassonde Curve showing the typical lifecycle of a mineral discovery M I Inferred Avg Annual Production ARTEMIS Blackwater Mine BC Canada 596Mt 14 4Moz AuEq 0 75 g t AuEq 20Mt 0 4Moz AuEq 0 61 g t AuEq 468 TROILUS Troilus Project QC Canada 508 3Mt 11 2Moz AuEq 0 68 g t AuEq 76 5Mt 1 2Moz AuEq 0 65 g t AuEq 285 TROILUS VS ARTEMIS 14 22 9 285 200 7 40 Feasibility Study completed in Q2 2024 Construction Permits in 1 year Market Cap 118 million Construction 95 complete First gold pour in Q4 2024 Market Cap 3 4 billion The Lassonde Curve is conceptual in nature and does not imply that the Troilus Gold share price will follow this path at any given time 27

Page 28

MULTIPLE REGIONAL TARGETS TO SUPPORT GROWTH STRATEGY 1 ALLONG 110 g t Au grab sample 2018 2 BEYAN CRESSIDA Drill results 1 62 g t Au 34m 1 23 g t Au 21m 1 11 g t Au 19 3m 1 0 g t Au 44 6m Grab Samples 12 g t Au 9 7 g t Au 32 5 g t Ag 3 TESTARD BULLSEYE Drilling Results 10 14 g t Au 1 8m 4 6 g t Au 7 6m incl 20 2 g t Au 1 2m 6 7 g t Au 3 2m Channel Samples 19 5 g t Au over 0 5m 19 3 g t Au over 0 5m 12 2 g t Au over 1 3m Grab Samples Highlights 203 g t Au 2 440 g t Ag 1 020 g t Ag 6 02 Cu 1 2 3 4 4 PALLADOR ROCKET Drill Highlights 4 74g t Au 2 5m incl 19 24 g t Au 0 5m Boulder Grab Samples Up to 102 g t gold See Appendix slide titled Notes related to REGIONAL EXPLORATION RESULTS for references to original filings of regional exploration results 28

Page 29

CAPITAL STRUCTURE TSX TLG OTCQX CHXMF FRA CM5R CASH MARKETABLE SECURITIES C 17 1 million As of FQ3 ending April 30 2024 Not including the C 28M bought deal financing closed on October 18th 2024 TSX SHARE PRICE December 3rd 2024 52 week high low Market Cap 0 25 0 85 118 million CAPITAL STRUCTURE As of October 18th 2024 Shares Outstanding RSUs Warrants Options Fully Diluted 362 919 414 13 883 101 37 300 035 Nil 414 102 550 SHAREHOLDER DISTRIBUTION 8 MANAGEMENT INSIDERS 28 RETAIL OTHER 363M SHARES OUTSTANDING 64 INSTITUTIONAL OF WHICH 12 ARE QUEBECBASED TOP INSTITUTIONAL SHAREHOLDERS 40 collectively owned by Equinox Franklin Caisse de Depot Qc Investissement Quebec IQ Konwave Sprott Ixios Ruffer ANALYSTS Cormark Richard Gray Desjardins Allison Carson Haywood Pierre Vaillancourt Sprott Capital Partners Brandon Gaspar Velocity Trade Capital Paul O Brien 29

Page 30

LEADERSHIP TEAM IN PLACE TO ADVANCE TROILUS MINE RESTART SENIOR MANAGEMENT Justin Reid CEO Director Ian Pritchard SVP Technical Services Brianna Davies SVP Legal Corporate Secretary Susanna Milne CFO Kyle Frank VP Exploration Catherine Stretch VP Corporate Affairs Sustainability Andy Fortin VP Operations General Manager of Troilus Mine Daniel Bergeron VP Special Projects Jacqueline Leroux VP Environment Permitting Caroline Arsenault VP Corporate Communications Nicolas Guest Exploration Manager BOARD OF DIRECTORS Chantal Lavoie Eng P Eng ICD D Chairperson Former COO of Iron Ore Company of Canada with 35 years in mining operations and executive leadership previously held senior roles at Barrick and De Beers Diane Lai ICD D MBA Seasoned executive and entrepreneur with 20 yrs of global marketing experience Fran ois Biron B Sc A 40 years of experience as a professional mining engineer Former GM of the Troilus mine Brigitte Berneche CPA CA 15 yrs of experience in the mining sector and large accounting firms specializing in corporate tax Hon Pierre Pettigrew p c Former Minister of Foreign Affairs to three Prime Ministers current Executive Advisor at Deloitte Thomas Olesinski CPA CMA 20 years of finance and management experience former forensic accountant Justin Reid M Sc MBA Geologist and capital markets executive with 20 yrs of experience in the mineral resource space 30

Page 31

PATH TO PRODUCTION 2024 2025 2026 2027 2028 2029 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 ESIA Submission All Permits Received Project Financing Detailed Engineering Early Works Construction Commissioning Pre Production 31

Page 32

DEWATERING OF THE J4 PIT INITIATED AUGUST 2024 2 17M m3 DISPLACED TO DATE Key step in the redevelopment of Troilus J4 dewatering 6 months Three 140Hp pumps currently operating Dewatering of Z87 pit expected to start in 2025 Responsible process management Electricity is generated from renewable hydroelectric sources maintaining a minimal carbon footprint Water treatment facility has been upgraded to comply with government targets on water quality before release to the local environment Continuous water monitoring Stakeholder Engagement Troilus submitted an EIA to the MELCC requesting permission to dewater the Pits in 2019 approved in 2020 Troilus has engaged in community consultations with Cree impacted families and local communities to keep them informed address their concerns and integrate their feedback 32

Page 33

INSTALLATION OF ALTERNATIVE SOLAR AND WIND ENERGY SYSTEM SEPTEMBER 2024 INTEGRATION OF SOLAR AND WIND ENERGY 500 solar panels generating up to 222 5 kWp and a 15 kWp wind turbine Provides on site supplemental and backup power for the Troilus site Designed for rapid deployment and scalability to meet evolving energy needs forming part of Troilus s long term strategy for reliable and diversified energy supply REDUCING ENVIRONMENTAL IMPACT Aims to decrease reliance on diesel generators Supports Troilus s goal of reducing future carbon emissions and moving towards carbon neutrality Contributes to a sustainable reliable energy mix for future operations UNLOCKING FUTURE WIND ENERGY OPPORTUNITIES Wind monitoring devices installed to assess potential wind farm development Early indications suggest potential for significant wind power with ongoing studies to determine feasibility for future development 33

Page 34

SUSTAINABLE AND COMMUNITY BACKED PROJECT SUSTAINABLE MINING OPERATION Targeting a carbon neutral mining operation Low cost and sustainable hydroelectric power to site C 0 07 kWh in Quebec compared to Canada average of 0 19 kWh Currently evaluating the development of supplemental sustainable energy sources wind and solar in partnership with First Nations No water scarcity Project not located in a protected or endangered species area SOCIAL ENDORSEMENT Community First Nations Support Long and good standing relationships with local Indigenous communities Quebec procurement in 2023 21M 70 Local Procurement in 2023 15M 50 Troilus uses an Indigenous run camp services provider 5 4M towards salaries and sponsorships to First Nations in 2023 According to the Fraser Institute s annual survey of mining 2023 LOW RISK JURISDICTION Government Support Project in alignment with the Provincial and Federal Critical Minerals Strategy Investment arms of the Quebec government and other local institutions collectively own 15 of Troilus 3344

Page 35

COMMITTED TO THE RESPONSIBLE DEVELOPMENT OF OUR PROJECT Creating value for all our stakeholders while operating in a safe socially and environmentally responsible manner ESG MILESTONES 2020 Troilus implements a Sustainable Development Policy focused on four pillars People Environment Health Safety Communities 2020 Recipient of the EXCELLENCE IN SUSTAINABLE DEVELOPMENT AWARD presented annually by the Quebec Mineral Exploration Association AEMQ 2021 Inaugural ESG Report troilusgold com sustainability 2022 2023 UN Global Compact Troilus joins the United Nations Global Compact initiative Troilus Engages Stantec Blue Metric to complete the ESIA 2020 Implementation of the ONYEN ESG Reporting System Internationally recognized reporting standards 2020 ECOLOGO Certification Troilus proudly became the first company to obtain certification for UL 2723 Certification Program for Responsible Development for Mineral Exploration 2022 Troilus Engages To conduct an inventory of its historical and current GHG emissions Develop a roadmap towards a future carbon neutral mining operation Identify opportunities to reduce or eliminate the use of fossil fuels and their resulting GHG emissions at the future Troilus mining operation

Page 36

POSITIONED FOR GROWTH Feasibility Study supports a long life 50ktpd open pit mining operation A large scale project in a tier one mining jurisdiction that stands out in the Quebec and Canadian mining landscapes Large Scale Open Pit Project 22 year open pit mine with future underground development LOM avg annual AuEq production 303 000 oz Among the largest gold projects in Canada 6th largest among Canadian gold producers Strong Economic Results 1 55B NPV5 and IRR of 19 5 at April 2024 avg metal prices Low Cost Operation 1st quartile AISC among the major Canadian gold mines Attractive Capital Intensity US 500M of existing infrastructure key to Project s success 36

Page 37

TSX TLG OTCQX CHXMF FRA CM5R Follow us Justin Reid CEO Director 647 276 0050 x1305 justin reid troilusgold com Caroline Arsenault VP Corporate Communications 647 407 7123 caroline arsenault troilusgold com 37

Page 38

TROILUS HISTORY AS A PAST PRODUCER FORMERLY PRODUCING MINE 14 Years in Operation 1996 2010 1950 s Initial exploration Open Pit Mine Total Production Gold 2Moz Copper 70 000t Remaining AuEq Resources Upon Closure Primarily Below pit Underground Resources INDICATED INFERRED 2 05Moz 1 17Moz 44Mt 1 45 g t 18 7Mt 1 16 g t Value of Remaining Infrastructure US 500M 1986 Initial drilling 2 000 1 800 1 600 1 400 1 200 1 000 800 600 400 200 0 Gold Price 1993 Positive Feasibility Study 2012 Hostile takeover of Inmet by First Quantum Minerals 2011 Failed merger with Lundin Mining 1996 2010 Inmet Mining Corp operated the Troilus mine 2017 Troilus is acquired in Dec 2017 for 300 000 cash 2 5 NSR 2 5 NSR bought back in Nov 2020 for 20M 2018 Troilus Gold Corp begins trading on the TSX The Troilus Mine operated during a weak gold environment which among other factors resulted in minimal expansion drilling outside of the main mineralized zones to replace the mine s reserves 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 38

Page 39

MINING SEQUENCE Southwest pit has 2 phases mined between years 1 to 9 Southwest Pre production mining starts in Z87 Z87 is comprised of 4 phases with final phase completed in year 19 X22 has 2 phases mined between years 18 to 21 J has 2 phases mined between years 5 to 15 Grade blocks 0 96 t 0 2g t AuEq 24 t 0 5 g t AuEq 43 t 0 9 g t AuEq Mineral Reserve Estimate Effective Date Jan 15 2024 Cut off grade 9 96 t 0 20g t AuEq Z87 X22 J The northern pits 87 J X22 have waste dump locations located to the north and south while the SW pit primarily sends waste to nearby west and south waste dumps Low grade material will be stockpiled on a large pad which provides feed material later in the mining schedule or as required 39

Page 40

METALLURGICAL TESTWORK OVERALL RECOVERIES 800 kg Composite Zone J ZONE SOUTHWEST Z87 ZONE X22 Gold g t 0 371 0 388 0 460 0 324 Sample Head Assay Copper Silver g t 0 059 0 772 0 052 0 762 0 072 0 353 0 024 0 476 Zone J ZONE SOUTHWEST Z87 ZONE X22 Sample Head Assay Gold g t Copper Silver g t 0 434 0 059 0 836 0 624 0 065 1 123 0 590 0 327 0 070 0 069 0 262 1 110 3000 kg Composite Metallurgy Consultants Au g t 0 036 0 046 0 030 0 023 Final Tails Assay Copper 0 004 0 005 0 007 0 002 Silver g t 0 141 0 138 0 030 0 091 Au g t 0 035 0 078 0 029 0 028 Final Tails Assay Copper 0 006 0 004 0 003 0 004 Silver g t 0 096 0 124 0 022 0 142 Overall Recoveries Gold Recovery Copper Recovery Silver Recovery 92 7 93 2 85 9 90 6 91 3 86 2 94 0 88 1 96 7 94 1 96 2 90 8 Overall Recoveries Gold Recovery Copper Recovery Silver Recovery 92 8 90 4 90 4 84 0 93 4 87 6 94 0 94 3 95 1 93 1 97 8 85 8 40

Page 41

FEASIBILITY STUDY ECONOMIC SENSITIVITIES COMMODITY PRICE Copper lb Gold oz 4 2000 4 125 2250 4 25 2500 4 375 4 5 2750 3000 4 625 4 75 3250 3500 4 875 3750 5 4000 NPV5 millions 1 626 5 2 379 5 3 127 4 3 875 3 4 623 1 5 371 0 6 118 9 6 866 8 7 614 6 PRE TAX IRR 18 5 23 3 27 6 31 6 35 4 39 0 42 5 45 8 49 1 POST TAX NPV5 millions 923 3 1 378 6 1 826 6 2 265 4 2 703 3 3 136 0 3 568 7 3 999 5 4 427 2 IRR 14 3 18 1 21 6 24 7 27 8 30 6 33 3 35 9 38 4 All figures reported in US unless stated otherwise All conditions are assuming a silver price of 23 oz 41

Page 42

STRIP RATIO 3 1 1 LOM STRIP RATIO STRIP RATIO BY ZONE 2 5 J ZONE 3 6 Z87 3 0 X22 3 0 SOUTHWEST ZONE PHASE Ore Mt Au g t Cu Ag NSR Waste Total Strip g t C T Mt Mt Ratio J ZONE 1 74 4 0 45 0 06 0 91 29 53 153 0 227 4 2 1 2 50 8 0 42 0 058 0 84 27 79 164 7 215 5 3 2 TOTAL 125 2 0 44 0 058 0 88 28 82 317 7 442 9 2 5 ZONE 87 0 1 6 0 65 0 04 0 95 42 20 8 5 10 1 5 3 1 31 6 0 55 0 062 1 17 37 09 139 3 170 9 4 4 2 69 0 0 58 0 068 1 14 39 38 179 5 248 5 2 6 3 63 9 0 52 0 055 1 08 34 26 272 0 335 9 4 3 TOTAL 166 1 0 55 0 062 1 12 37 00 599 4 765 5 3 6 ZONE X22 1 16 5 0 43 0 07 1 61 29 59 56 5 73 0 3 4 2 20 0 0 40 0 047 0 79 25 48 53 1 73 0 2 7 TOTAL 36 4 0 41 0 058 1 16 27 34 109 6 146 0 3 0 SOUTHWEST ZONE 1 34 0 0 48 0 05 0 75 29 09 75 1 109 0 2 2 2 17 9 0 52 0 035 0 78 30 67 69 2 87 1 3 9 TOTAL 51 9 0 49 0 045 0 76 29 64 144 3 196 1 2 8 SUMMARY 380 0 49 0 058 1 00 32 37 1 171 1 550 3 1 42

Page 43

NOTES RELATED TO AuEq CuEq CALCULATIONS Open pit cut off grade is C 9 96 t NSR where the metal equivalents were calculated as follows Z87 Zone AuEq Au grade 1 5361 Cu grade 0 0133 Ag grade J Zone AuEq Au grade 1 4849 Cu grade 0 0123 Ag grade X22 Zone AuEq Au grade 1 5361 Cu grade 0 0133 Ag grade SW Zone AuEq Au grade 1 6535 Cu grade 0 0129 Ag grade Metal prices for the AuEq formulas are US 1 550 oz Au 3 50 lb Cu and 20 00 oz Ag Metal recoveries for the AuEq formulas are Z87 Zone 95 5 for Au recovery 94 7 for Cu recovery and 98 2 for Ag recovery J Zone 93 1 for Au recovery 89 3 for Cu recovery and 88 9 for Ag recovery X22 Zone 95 5 for Au recovery 94 7 for Cu recovery and 98 2 for Ag recovery SW Zone 85 7 for Au recovery 91 5 for Cu recovery and 85 6 for Ag recovery 43

Page 44

MINERAL RESERVE CLASS Proven Probable Tonnage Mt 380 Gold Grade g t Au 0 49 Copper Grade Cu 0 058 Silver Grade g t Ag 1 00 AuEq Grade g t AuEq 0 59 CuEq Grade 0 39 Contained Gold Moz Contained Copper Mlbs Contained Silver Moz Contained AuEq Moz Contained CuEq Blbs 6 02 484 12 15 7 26 3 24 PROBABLE RESERVES BY ZONE ZONE Z87 J Zone X22 Southwest Total Tonnage Mt 166 1 125 2 36 4 51 9 380 Gold Grade g t Au 0 55 0 44 0 41 0 49 0 49 Copper Grade Cu 0 062 0 058 0 058 0 045 0 058 Silver Grade g t Ag 1 12 0 88 1 16 0 76 1 00 AuEq Grade g t AuEq 0 66 0 54 0 52 0 58 0 59 CuEq Grade 0 43 0 36 0 34 0 35 0 39 Contained Gold Moz 2 95 Contained Copper Mlbs 225 Contained Silver Moz 5 97 Contained AuEq Moz 3 53 Contained CuEq Blbs 1 58 1 76 161 3 56 2 16 1 00 0 48 46 1 35 0 60 0 27 0 82 52 1 26 0 96 0 40 6 02 484 12 15 7 26 3 24 Note This mineral reserve estimate has an effective date of January 15 2024 and is based on the mineral resource estimate dated October 2 2023 for Troilus Gold by AGP Mining Consultants Inc The Mineral Reserve estimate was completed under the supervision of Willie Hamilton P Eng of AGP who is a QP as defined under NI 43 101 Mineral Reserves are stated within the final pit designs based on a US 1 550 oz gold price US 20 00 oz silver price and US 3 50 lb copper price An NSR cut off of C 9 96 t was used to define reserves The life of mine mining cost averaged C 3 99 t mined preliminary processing costs were C 8 02 t ore and G A was C 1 94 t ore placed The metallurgical recoveries were varied according to gold head grade and concentrate grades 87 pit recoveries for equivalent grades were 95 5 94 7 and 98 2 for gold copper and silver respectively J pit recoveries for equivalent grades were 93 1 89 3 and 88 9 for gold copper and silver respectively X22 pit recoveries for equivalent grades were 95 5 94 7 and 98 2 for gold copper and silver respectively SW pit recoveries for equivalent grades were 85 7 91 5 and 85 6 for gold copper and silver respectively The formulas used to calculate equivalent values are as follows for 87 Pit AuEq Au 1 5361 Cu 0 0133 Ag for J Pit AuEq Au 1 4849 Cu 0 0123 Ag for SW Pit AuEq Au 1 6535 Cu 0 0129 Ag for X22 Pit AuEq Au 1 5361 Cu 0 0133 Ag Please refer to the identified risks in the Company s Annual Information Form available under the Company s profile at www sedarplus ca for known legal political environmental and other risks that could materially affect the potential development of the mineral resources and mineral reserves 44

Page 45

MINERAL RESERVE AND AuEq CuEq DISCLOSURE Troilus AuEq Equations by Pit Reserve Metal Au Cu Ag Prices 1 550 3 5 20 Units US oz US lb US oz Pit Recoveries Value per grade unit AuEq Factors AuEq formulas CuEq Factors CuEq formulas At With At the At With At the With At the At At the 87 95 5 94 7 98 2 47 59 73 10 0 63 1 5361 0 0133 AuEq Au 1 5361 Cu 0 0133 Ag 0 6510 0 0086 CuEq Cu 0 6510 Au 0 0086 Ag J 93 1 89 3 88 9 46 40 68 89 0 57 1 4849 0 0123 AuEq Au 1 4849 Cu 0 0123 Ag 0 6735 0 0083 CuEq Cu 0 6735 Au 0 0083 Ag SW 85 7 91 5 85 6 42 72 70 64 0 55 1 6535 0 0129 AuEq Au 1 6535 Cu 0 0129 Ag 0 6048 0 0078 CuEq Cu 0 6048 Au 0 0078 Ag X22 95 5 94 7 98 2 47 59 73 10 0 63 1 5361 0 0133 AuEq Au 1 5361 Cu 0 0133 Ag 0 6510 0 0086 CuEq Cu 0 6510 Au 0 0086 Ag Note The mineral reserve estimate has an effective date of January 15 2024 and is based on the mineral resource estimate dated October 2 2023 for Troilus Gold by AGP Mining Consultants Inc The Mineral Reserve estimate was completed under the supervision of Willie Hamilton P Eng of AGP who is a Qualified Person as defined under NI 43 101 Mineral Reserves are stated within the final pit designs based on a US 1 550 oz gold price US 20 00 oz silver price and US 3 50 lb copper price An NSR cut off of C 9 96 t was used to define reserves The life of mine mining cost averaged C 3 99 t mined preliminary processing costs were C 8 02 t ore and G A was C 1 94 t ore placed The metallurgical recoveries were varied according to gold head grade and concentrate grades 87 pit recoveries for equivalent grades were 95 5 94 7 and 98 2 for gold copper and silver respectively J pit recoveries for equivalent grades were 93 1 89 3 and 88 9 for gold copper and silver respectively X22 pit recoveries for equivalent grades were 95 5 94 7 and 98 2 for gold copper and silver respectively SW pit recoveries for equivalent grades were 85 7 91 5 and 85 6 for gold copper and silver respectively 45

Page 46

NOTES RELATED TO REGIONAL EXPLORATION RESULTS Allong Results See press release dated December 9 2020 Troilus Expands High Grade Testard Zone with Outcrop Samples up to 80 g t Gold and 1 060 g t Silver and Channel Samples up to 19 5 g t Gold Beyan Zone Expanded with 12 g t Gold Outcrop Sample Located 600 Metres North of Main Discovery A copy of which is available on SEDAR www sedarplus ca under the Company s issuer profile https troilusgold com news and media news releases troilus expands high grade testard zone with outcrop samples up to80 gt gold and 1060 gt silver and channel samples up to 195 gt beyan zone expanded with 12 gt gold outcrop samplelocated 600 metres north of main discovery Beyan Cressida Results See press release dated April 11 2023 Troilus Drills 10 78 g t Gold Over 7m incl 66 8 g t Gold Over 1m and 1 64 g t Gold Over 16m at the Cressida Target 10 Km Southwest of the Main Resource Gold Zone Confirmed Over 1 3km Strike Length A copy of which is available on SEDAR www sedarplus ca under the Company s issuer profile https troilusgold com news and media news releases troilus drills 1078 gt gold over 7m incl 668 gt gold over 1m and 164 gtgold over 16m at the cressida target 10 km southwest of the main resource gold zone confirmed over 13km strike length Testard Results Grab Samples See press release dated March 31 2022 Troilus Announces New Discovery At Testard Drills 4 6 G T Gold Over 7 6m Incl 20 2 G T Over 1 2m 6 7 G T Gold Over 3 2m 10km From Main Mine Site A copy of which is available on SEDAR www sedarplus ca under the Company s issuer profile https troilusgold com news and media news releases troilus announces new discovery at testard drills 46 gt gold over 76mincl 202 gt over 12m 67 gt gold over 32m 10km from main mine site Channel Samples See press release dated December 9 2020 Troilus Expands High Grade Testard Zone with Outcrop Samples up to 80 g t Gold and 1 060 g t Silver and Channel Samples up to 19 5 g t Gold Beyan Zone Expanded with 12 g t Gold Outcrop Sample Located 600 Metres North of Main Discovery A copy of which is available on SEDAR www sedarplus ca under the Company s issuer profile https troilusgold com news and media news releases troilus expands high grade testard zone with outcropsamples up to 80 gt gold and 1060 gt silver and channel samples up to 195 gt beyan zone expanded with 12gt gold outcrop sample located 600 metres north of main discovery Pallador Rocket Results Boulder Grab sample up to 102 g t gold See UrbanGold Minerals Minerals Inc press release dated September 2 2020 UrbanGold Announces up to 102 g t Au in Additional Grab Samples at Pallador A copy is available under the company s profile on SEDAR www sedarplus ca under the Company s issuer profile https www sedarplus ca csaparty records document html id 1498be21b4e72b73a5d9d182d3fde0f90324d68bef60afd8acef575a344deb51 Drill highlights 4 74g t Au 2 5m incl 19 24 g t Au 0 5m See UrbanGold Minerals Inc press release dated March 17 2021 UrbanGold Confirms Recent Regnault Discovery Intersecting Gold in Three New Drill Holes A copy is available under the company s profile on SEDAR www sedarplus ca under the Company s issuer profile https www sedarplus ca csaparty records document html id 744a74045b7e8935a59ce7d6f88334bc6a5897f31bff674e0f0ee22c8d98d3a6 46