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Troilus Corporate Presentation

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Advancing one ofNorth America’s largest undeveloped gold-copper deposits in QuebecTSX: OTCQX: FSE:March 2024TLGCHXMFCM5R

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| 2CAUTIONARY LANGUAGE, QP STATEMENTS AND LEGAL DISCLAIMERSvMineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that the Indicated Mineral Resources will be converted to the Probable Mineral Reserve category, and there is no certainty that the updated Mineral Resource statement will be realized.The mineral resource estimates contained herein may be subject to legal, political, environmental or other risks that could materially affect the potential development of such mineral resources. See the Resources Report filed on SEDAR (or the Technical Report, once filed), for more information with respect to the key assumptions, parameters, methods and risks of determination associated with the foregoing.The Troilus project has not been the subject of a current feasibility study and as such there is no certainty that a potential mine will be realized. There is a significant risk that any production from the project will not be profitable with these risks elevated by the absence of a compliant NI 43 101 feasibility study. The mineral resource estimate disclosed in this presentation was prepared by Mr. Paul Daigle, géo., Senior Associate Resource Geologist with AGP. The supporting Technical Report will be filed on SEDAR (www.sedar.com) under the Company’s issuer profile within 45 days from October 16, 2023. Mr. Paul Daigle, who is an independent Qualified Person as defined under NI 43-101, has reviewed and approved the mineral resource estimate disclosed in this presentation.The technical and scientific information in this presentation has been reviewed and approved by Nicolas Guest, P.Geo., Exploration Manager for Troilus, who is a Qualified Person as defined by NI 43-101. Mr. Guest has also verified the technical data contained in this presentation using industry accepted standards. Mr. Guest is an employee of Troilus and is not independent of the Company under NI 43-101. This presentation contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements related to the Company’s Mineral Resource estimates, recovery rates, sensitivity analysis to gold prices, timing and likelihood of future studies including the feasibility study being completed as targeted or at all, the prospect of any future potential economic viability of the project, future demand for commodities, environmental assessments (including the timing of an environmental impact study) and development plans, the Company’s understanding of the project; the development potential and timetable of the project; the opportunity to expand the scale of the project, the project becoming a cornerstone mining project in Quebec and Canada, the estimation of mineral resources; realization of mineral resource estimates; the timing and amount of estimated future exploration; costs of future activities; capital and operating expenditures; success of exploration activities; technical expertise and support from local communities; and the anticipated timing of filing the Technical Report. 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”, “contemplates”, “goal”, “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: the economy in general; 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 estimates; variations in gold prices and other precious metals, exchange rate fluctuations; variations in cost of supplies and labour; receipt of necessary approvals; 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 latest annual information form of the Company, in the Resources Report (and the Technical Report to be filed) and in other continuous disclosure documents of the Company available under the Company’s profile at www.sedar.com. 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.Cautionary Note to U.S. Investors Concerning Estimates of Mineral ResourcesMineral 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.| 2

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| 3We are responsibly advancing the past-producing gold-copper Troilus Project towards production.One of the largest undevelopedgold equivalent deposits in North AmericaLargest permitting-stage copper project in Quebec *3rd largest undeveloped copper deposit3

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| 4FavourableMining Jurisdiction#8Feasibility Study UnderwayFeasibility Study expected for completion in May 20242024Quality Brownfield ProjectPast-producing mine (1996-2010); extensive inherited infrastructure1996 - 2010Experienced Leadership TeamProven track-record of permitting, developing and building minesA+Robust Mineral Resource11.21 Moz AuEq (Ind.), and 1.80 Moz AuEq (Inf.)*. Among the largest undeveloped Au-Cu deposits in N.A.11.21 MozESG LeadershipECOLOGO certified & UNGC member; Aiming for carbon-neutral operationCertifiedQuebec ranked #8 globally by the Fraser Institute in 2022VALUE PROPOSITION$115.01$82.77$54.03$16.88$11.19$10.98$10.64$7.72$7.53$5.08$4.40Average EV/Resource = C$31.52 /oz AuEq.Artemis Osisko Mining Skeena Falco Banyan Troilus Spanish Mountain First Mining Wallbridge Goldshore STLLR GoldConstruction FS (2022) FS (2023) FS (2021) Adv. Exploration PEA (2020) PFS (2021) PFS (2021) PEA (2023) Adv.Exploration PEA (2023)65%DISCOUNT TO PEERSTroilus trades at a 65% discount compared to select Canadian undeveloped peersFS UnderwaySource: Red Cloud Securities, Company Reports and S&P Capital as of February 16th, 2024EV/RESOURCE (C$/oz AuEq.)

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| 5CormarkRichard GrayLaurentian BankJacques WortmanHaywood Pierre VaillancourtSprott Capital Partners New analyst tbd.Velocity Trade Capital Paul O’BrienTSX: TLGOTCQX: CHXMF FRA: CM5RTSX SHARE PRICE (March 26th, 2024)CAPITAL STRUCTUREShares Outstanding283,415,632RSUs15,527,898Warrants9,089,999 OptionsNilFully Diluted308,033,529ANALYSTS52-week high/low$0.31-$0.79Market Cap.~$147 millionSHAREHOLDER DISTRIBUTIONCAPITAL STRUCTURECASH & MARKETABLE SECURITIES~50%INSTITUTIONAL(+50 GLOBAL FUNDS)~8%MANAGEMENT& INSIDERS~25%RETAIL &OTHEROF WHICH~10%AREQUEBEC-BASED~283MSHARES OUTSTANDING~7%Debt: NilAs of FQ2 ending January 31, 2024C$8.8 million

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| 6LEADERSHIP TEAM IN PLACE TO ADVANCE TROILUS MINE RESTARTJustin ReidCEO, DirectorSusanna MilneCFOJacqueline LerouxVP Environment, Permitting & Qc OperationsIan PritchardSVP Technical ServicesCatherine StretchVP Corporate AffairsBrianna DaviesSVP Legal & CorporateSecretaryCaroline ArsenaultVP Corporate CommunicationsDaniel BergeronVP Special ProjectsSENIOR MANAGEMENT BOARD OF DIRECTORSDiane Lai, ICD.D, MBA – ChairpersonSeasoned executive and entrepreneur with +20 yrs of global marketing experienceBrigitte Berneche, CPA, CA+15 yrs of experience in the mining sector and large accounting firms specializing in corporate taxHon. Pierre Pettigrew, p.c.Former Minister of Foreign Affairs to three Prime Ministers; current Executive Advisor at DeloitteDr. Eric Lamontagne, Eng.PhD.Former Superintendent of the Troilus mine; GM Greenstone JV (Equinox Gold/Orion)Thomas Olesinski, CPA, CMA20 years of finance and management experience;former forensic accountantJustin Reid, M.Sc., MBAGeologist and capital markets executive with +20 yrs of experience in the mineral resource spaceNicolas GuestExploration ManagerKyle FrankVP Exploration

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| 7TROILUS’ HISTORY AS A PAST-PRODUCER$0$200$400$600$800$1,000$1,200$1,400$1,600$1,800$2,000198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920201950’sInitial explorationGold Price1996-2010Inmet Mining Corp. operated the Troilus mine; +2Moz of gold and ~70,000t of copper produced1986Initial drilling1993Positive Feasibility Study2017Troilus is acquiredin Dec. 2017 for:- $300,000 cash- 2.5% NSR2018Troilus Gold Corp. begins trading on the TSX2011Failed merger with Lundin Mining2012Hostile takeover of Inmet by First Quantum MineralsThe 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. FORMERLY PRODUCING MINE1996-2010Gold: +2 million ouncesCopper: ~70,000 tonnes$350 million2.05Moz 1.17MozINDICATED INFERRED44Mt @1.45 g/t 18.7Mt @1.16 g/t14 Years in OperationOpen Pit Mine - Total ProductionValue of Remaining InfrastructureRemaining AuEq Resources Upon ClosurePrimarily Below-pit Underground Resources2.5% NSR bought back in Nov. 2020 for $20M

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| 82023MINERAL RESOURCE GROWTH202020192018▪ +36,000m of drilling▪ Development plan shifts from underground to open-pit▪ Focus on expanding near-surface mineralization.▪ The Troilus mine produced +2Moz Au and ~70,000t of Cu from a conventional open-pit mine1996-2010▪ +36,000m of drilling▪ Mineral definition along strike and down dip.▪ +8,500m of drilling▪ Discovery of the Southwest zone * Indicated category2.05 Moz* 3.92 Moz 4.71 Moz 4.96 Moz 11.21 Moz+91% +20%+129% since acquisition+5%+142% since acquisition+126%+446% since acquisition2.05 3.92 4.71 4.96 11.21024681012142016 2018 2019 2020 2023Moz AuEqMoz AuEqMoz AuEqMoz AuEqMoz AuEqMozFormation of Troilus Gold Corp.AuEq AuEq AuEq AuEq AuEq▪ +216,502m of drilling▪ ~322,000m drill since 2018▪ Expansion and definitionat Southwest▪ Discovery anddefinition of X22

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| 9*According to the Fraser Institute’s annual survey of mining (2022)Chibougamau (~170km south of Troilus)Val-d’OrChibougamauMontrealQuebec CityQUEBEC, CANADA: TOP-RATED MINING JURISDICTION GLOBALLYEstablished regulatory and permitting frameworkAccess to mining labour, suppliers & contractorsStrong collaborative efforts between Governments and mining industry to support mineral developmentQuebec is ranked 8th globally on themining “Investment Attractiveness Index”*

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| 10TROILUS LOCATED IN ONE OF THE WORLD’S RICHEST GOLD REGIONS10

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| 11PROJECT LOCATION0 5 10kmZ87 pitJ4 pitFormerly mined pitsSouthwestX22Z87J ZoneFormer Mine Site & Main Mineral Zones 0 2.5 5kmCAMPFormerlyMined Pits

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| 12Permitted Tailings Facility& Associated InfrastructureWater Treatment Facility50MW Substation Core Storage & LoggingInitial Construction Starter Camp *installed septic60 km Power Line, Site Roads and River Crossings+US$500MOF INHERITED VALUEBROWNFIELD ADVANTAGE| 12

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| 132.05 3.92 4.71 4.96 11.210.70 1.17 1.76 3.15 1.802016 2018 2019 2020 202344.0 121.7 159.1 177.3 508.31.45 1.00 0.92 0.87 0.6918.7 36.1 52.7 116.7 80.51.16 1.01 1.04 0.84 0.69Moz AuEqMoz AuEqMoz AuEqMoz AuEqMoz AuEqMoz AuEqMoz AuEqMoz AuEqInd.Inf.Ind. Inf. Ind. Inf. Ind. Inf.Ind.Inf.Tonnage (Mt)AuEq* Grade (g/t)Tonnage (Mt)AuEq* Grade (g/t)Acquisition of Troilus300mZ87 pitJ pit2016: INHERITED RESOURCEZ87Z87S SouthSouthwestJ ZoneInd. Inf.Moz AuEqMoz AuEq2023: SIGNIFICANT MINERAL GROWTH AT SURFACE800m*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.MINERAL RESOURCE GROWTH| 13~216,502 metres2023 MRE includes new drill data from:~322,000 metresTotal drilled since 2018:1. 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)OP + UG: 2016-2023

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| 14VISUAL EVOLUTIONOF TROILUSZ87 ZoneJ ZoneX22 ZoneSW ZoneZ87S Zone2023~850m2016 201920202023

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| 15MAIN MINERAL CORRIDOR, LONG SECTION FACING NORTHWEST *See press release dated October 16, 2023, for details and assumptions related to this mineral resource estimate.▪ Discovered late 2019 ▪ 1.89 Moz AuEq (Indicated)▪ ~2km strike length▪ ~100,000m drilled▪ Road access BA1kmBAZ87 J ZONEX22SOUTHWEST ZONE GAP ZONE2023 Resource Pit 2023 Mineralization Envelope 2018-2023 DrillingSOUTHWEST ZONE▪ Larger of the two formerly mined pits▪ Significant near-pit expansion since 2018▪ 5.04Moz AuEq (Indicated) Z87▪ Discovered in 2022▪ 1.19Moz AuEq (Indicated)▪ +1km strike length▪ 23,300m drilledX22▪ Smaller of the two formerly mined pit ▪ 2.98 Moz AuEq (Indicated)J ZONE

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| 16MINERAL RESOURCE SUMMARY - BY ZONERESOURCEDISTRIBUTIONBY ZONE(OP+UG AuEqIndicated Category)X2211%Z8746%J27%SW16%*See press release dated October 16, 2023, for details and assumptions related to this mineral resource estimate.**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.

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| 17Z87 & J ZONE*See press release dated April 8, 2021, and Appendix for details and assumptions related to the 2023 mineral resource estimate| 17J ZONEX22SOUTHWEST ZONE• ~80,000m drilled• AuEq intercept highlights:• 2.10 g/t over 31m,incl. 4.40 g/t over 12• 1.57 g/t over 31m, incl. 4.72 g/t over 7m and 22.51 g/t over 1mZ87J ZONEJ ZONE HIGHLIGHTSGAP ZONE Z87Z87 HIGHLIGHTS• ~73,000m drilled• AuEq intercept highlights:• 2.74 g/t over 42m,incl. 42.49 g/t over 2m• 20.85 g/t AuEq over 7m

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| 18Z87, J ZONE & ZONE X22*See press release dated April 8, 2021, and Appendix for details and assumptions related to the 2023 mineral resource estimate| 181kmZ87 J ZONEX22SOUTHWEST ZONE GAP ZONEX22• Zone discovered in 2022• ~23,300m drilled• +1km strike length• AuEq intercept highlights:• 2.72 g/t over 34m incl. 10.83 g/t over 6m • 1.80 g/t over 80m incl. 10.13 g/t over 10m• 1.15 g/t over 70m incl. 3.5 g/t over 11m and 2.42 g/t over 6mX22 HIGHLIGHTS

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| 19vSOUTHWEST ZONE*See press release dated April 8, 2021, and Appendix for details and assumptions related to the 2020 mineral resource estimate| 191kmZ87 J ZONEX22SOUTHWEST ZONEGAP ZONESW ZONE• Zone discovered in 2019• 2.5km from main zones• ~100,000m drilled• ~2km strike length• AuEq intercept highlights:• 3.58 g/t over 15m,incl. 6.76 g/t over 7m• 1.56 g/t over 73m,incl. 2.05 g/t over 48m• 1.95 g/t over 20m,incl. 2.73 g/t over 9mSOUTHWEST HIGHLIGHTS

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| 20LONGITUDINAL SECTION LOOKING NW: 2020 VS. 2023MAIN MINERAL CORRIDOR & ZONES*See press release dated October 16, 2023, for details and assumptions related to this mineral resource estimate.500mZ87 ZoneJ ZoneSW ZoneGap Zone2023 Resource Pit 2023 Mineralization Envelope 2018-2023 Drilling2020 Resource Pit 2020 Mineralization Envelope Historical DrillingZ87 ZoneJ ZoneX22 ZoneSW ZoneGap Zone20232020

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2020 20232020 VS. 2023 MINERAL RESOURCE ESTIMATE0.3-0.5 g/t AuEQ0.5-0.9 g/t AuEQabove 0.9 g/t AuEQ2020 Mineral Resource EstimateEffective Date August 31, 2020Cut-off grade: 0.30g/t AuEq* Grade blocks: 0.3-0.5 g/t AuEQ0.5-0.9 g/t AuEQabove 0.9 g/t AuEQ2023 Mineral Resource EstimateEffective Date October 2, 2023Cut-off grade: 0.30g/t AuEq* Grade blocks:*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.Longitudinal SectionPlan ViewCross Sections Cross SectionsLongitudinal SectionPlan View

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13.611.24.512.46.97.66.34.03.45.6 5.63.14.94.74.02.73.15.51.88.30.33.1 1.72.93.36.22.76.02.40.30.41.12.30.40.02.04.06.08.010.012.014.016.018.020.0M&I InferredIAMGOLDCoteTROILUSTroilus ProjectMONETATowerGoldEQUINOXGreenstoneARTEMISBlackwaterFALCOHorne 5B2 GOLDBack RiverOSISKO/GOLDFIELDSWindfallSKEENAEskayCreekGOLDSHOREMossFIRST MININGDuparquetWALLBRIDGEFenelonFIRST MININGSpringpoleSPASpanishMountainMARATHONValentineKINROSSGreat BearBANYANAurMacAGNICOHammond ReefTHESISLawyers/RanchGOLD RESOURCES (Moz Au & AuEq, where applicable)Source: Cormark Securities, S&P Capital and corporate disclosuresM&I Grade (g/t)Inf. Grade (g/t)Open PitUnderground0.86 0.69 Eq* 0.90 0.65 Eq 1.27 2.25 Eq 5.88 11.40 0.00 1.55 0.00 0.723.47 Eq3.09 1.00 Eq 0.79 1.90 2.57 1.45 Eq0.66 0.69 Eq* 0.92 0.53 Eq 3.83 2.23 Eq 6.44 8.40 0.61 1.62 1.02 0.001.92 Eq2.96 0.57 Eq 0.74 1.65 3.56 2.65 EqOP OP OP OP OP UG OP+UG UG OP OPOP+UGOP OP OP OP OP OP OP+UG OP+UGONE OF CANADA’S LARGEST UNDEVELOPED AU-CU DEPOSITSSelect Undeveloped Canadian Gold ProjectsConstructionConstructionConstructionConstructionConstructionConstruction*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.

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CLOSING THE VALUE GAP: TROILUS VS. ARTEMIS*As represented by the Lassonde Curve showing the typical lifecycle of a mineral discovery* 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.Construction 45% complete;First gold pour in H2 2024Market Cap: ~$1.57 billionFeasibility Study in May 2024; Permitting underwayMarket Cap: ~$147 millionARTEMISBlackwater MineBC, CanadaTROILUS Troilus ProjectQC, CanadaM&I596.8Mt12.4Moz AuEq0.65 g/t AuEq508.3Mt11.2Moz AuEq0.68 g/t AuEqInferred16.9Mt0.3Moz AuEq0.53 g/t AuEq76.5Mt1.2Moz AuEq0.65 g/t AuEq

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| 24AuEq: COMMODITY DISTRIBUTIONINDICATED MINERAL RESOURCES (OPEN PIT + UNDERGROUND)Au9.3MozGOLD83%Cu729.5MlbsCOPPER15%Ag17.8MozSILVER2%INDICATED729.5Mlbs0.07%508.2MtINFERRED115.4Mlbs0.06%80.5MtStrong Strategic Metal Exposure11.2MozAuEqCopper Mineral Resource:largest undeveloped copper resource in Quebeclargest undeveloped copper resource in CanadaAmongthe

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| 25CANADIAN COPPER DEVELOPERS & ADVANCED EXPLORERS75%DISCOUNT TO PEERSTroilus trades at a 75% discount compared to select Canadian copper developers & advanced explorersSource: Red Cloud Securities, Company reports and Capital IQ market prices as of February 9, 2024. Average EV/Resource: C$0.08/lb CuEq

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| 26MULTIPLE REGIONAL TARGETS TO SUPPORT GROWTH STRATEGY1 2 3 4 110 g/t Au grab sample (2018)ALLONGÉ BEYAN / CRESSIDADrill results: 1.62 g/t Au/ 34m1.23 g/t Au/ 21m1.11 g/t Au/ 19.3m1.0 g/t Au/ 44.6mTESTARD / BULLSEYEDrilling Results:10.14 g/t Au/ 1.8m4.6 g/t Au/ 7.6mincl. 20.2 g/t Au/ 1.2m6.7 g/t Au/ 3.2mChannel Samples:19.5 g/t Au over 0.5m19.3 g/t Au over 0.5m12.2 g/t Au over 1.3mPALLADOR & ROCKETOn strike with recent Sumitomo/KLD discovery hole: 8.47 g/t Au over 29mDrill Highlights:4.74g/t Au/ 2.5m, incl. 19.24 g/t Au/ 0.5mBoulder Grab Samples:Up to 102 g/t goldGrab Samples:12 g/t Au9.7 g/t Au32.5 g/t AgGrab SamplesHighlights:203 g/t Au2,440 g/t Ag1,020 g/t Ag6.02% Cu1 2 3 4

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| 27PRIORITIZING STRONG ESG & SUSTAINABILITY PERFORMANCEENVIRONMENTAL1SOCIAL GOVERNANCEKey HighlightsScope 1 GHG Emissions448.9tCO2eScope 2 GHG Emissions<5 tCO2eenergy used from renewable sources68.9% Instances of non-compliance with environmental regulations01. Data collected in 2022. See 2022 Sustainability Report for more information.2. According to Grant Thornton’s Women in Business Reportof Board of Directors are women40%of Senior Management are women Global average in the industry: 32%256%of all employees are women41%GENDER DIVERSITYWell-established set of corporate policiesIn Quebec procurement for 2023$21.2MIn local procurement for 2023$15.3MNumber of Employees3735 full time2 consultantsBreakdown

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| 28COMMITTED TO THE RESPONSIBLE DEVELOPMENT OF OUR PROJECTInaugural ESG Reporttroilusgold.com/sustainabilityECOLOGO CertificationTroilus proudly became the first company to obtain certification for UL 2723 Certification Program for Responsible Development for Mineral ExplorationRecipient of theEXCELLENCE INSUSTAINABLEDEVELOPMENT AWARDpresented annually by the Quebec Mineral Exploration Association (AEMQ).We are committed to creating value for our shareholders while operating in a safe, socially and environmentally responsible manner.Implementation of the ONYEN ESG Reporting SystemInternationally recognized reporting standardsTroilus implements a Sustainable Development Policy focused on four pillars:People, Environment,Health & Safety, Communities202020202020202020212022Troilus 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 operationESG MILESTONES2022UN Global CompactTroilus joins the United Nations Global Compact initiative2023Troilus Engages BluMetric/ Stantecto complete the ESIA

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| 29ADVANCING THE PERMITTING PROCESSSTAKEHOLDERENGAGEMENT▪ Priority on open, transparent and honest communications with its stakeholders▪ Proactive approach to building relationships with First Nations groups to incorporate knowledge of the land into project development▪ Community consultations have been ongoing since the initiation of the Federal and Provincial permitting process in May 2022 | 29PRE-DEVELOPMENT AGREEMENT (PDA) SIGNED IN 2018▪ Establishes the framework for the on-going and mutually beneficial relationship regarding business and employment opportunities for the Cree ▪ Facilitates continued support for exploration activities and preparation of the ESIA studies▪ Illustrates the completion of the Impacts and Benefits Agreement (IBA) to show the economic viability of the Troilus Project At Z87 during a Cree Community Site VisitWater analysis at Troilus’sCree Cultural PavilionCree Cultural Pavilion at the Troilus PropertyMAY 2022Federal and Provincial permitting process in May 2022 Cree Nation of MistissiniGrand Council of the Crees (Eeyou Istche)Cree Nation

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| 30RECENT MILESTONES & PATH FORWARD2022 2023 2024Steadily De-Risking the Troilus Project2025 - 2026Pilot Plant Met. Test ProgramUpdated Mineral Resource EstimateDefinitive Feasibility StudyInaugural Mineral Reserve25,000m Drill ProgramConstruction DecisionConstruction FinancingConstruction StartBaseline Studies & MonitoringInitiation of Permitting Process ESIA CompletionProvincial ApprovalFederal Approval(Federal & Provincial) | 30

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| 31POSITIONED FOR GROWTH

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| 32| 32TSX: TLGOTCQX: CHXMFFRA: CM5RJustin ReidCEO & Director(647) 276-0050, x1305justin.reid@troilusgold.comCaroline ArsenaultVP Corporate Communications(647) 407-7123caroline.arsenault@troilusgold.comFollow us: