Return to flip book view

Advancing one ofNorth America’s largest undeveloped gold-copper deposits towards productionTSX: OTCQX: FSE:TLGCHXMFCM5RA Generational Scale Asset in a Tier-1 JurisdictionA P R I L 2025

CAUTIONARY LANGUAGE, QP STATEMENTS AND LEGAL DISCLAIMERSvThe 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 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 informationThis 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 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.

We 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

| 4VALUE PROPOSITION: LOCATION, SCALE, NEAR-TERM PRODUCTION*See AuEq disclosure in the AppendixTier 1 JurisdictionQuality Brownfield SiteRobust Feasibility Study11.2 Moz AuEq DepositProven LeadershipPast-producing mine (1996-2010); +US$500 million worth of existing infrastructure.Quebec ranked #5 globally by the Fraser Institute in 2023.22-year mine life with peak production of 536,400 oz AuEq per year.+1.80 Moz Inferred – Among the largest undeveloped Au-Cu deposits in N.A.Proven ability to capitalize and attract financing. Construction-ready team in place. ESG LeadershipECOLOGO certified & UNGC member; Aiming for carbon-neutral operation

| 5Pit dewatering initiated Aug. 2024; Construction start expected in 2027 Federal/Provincial processes initiated in 2022All permits for start of construction expected by end of 2026 PEA (2020); FS (2024); Basic and detailed engineering underway | 52018 2019 2026 20292020 2021 2022 2023 2024 2025 2027 2028Indicated Mineral Resources grow 447% from 2.05 Moz to 11.21 Moz AuEq DISCOVERYOUR JOURNEY FROM DISCOVERY TO PRODUCTIONENGINEERINGPERMITTINGPRE-DEVELOPMENT & CONSTRUCTIONWE ARE HERECommissioning &pre-production in 2028/2029START UPKEY MILESTONES IN A DECADE OF RAPID DEVELOPMENTPROJECT ACQUISITION

| 6GROWTH SINCE INCEPTIONINHERITED RESOURCEZ87Z87S SouthSouthwestJ Zone300mZ87 pitJ pit800mSIGNIFICANT MINERAL GROWTH AT SURFACE+325,000mMetres drilled since 2018:| 6+500%Mineral Resource GrowthZ87 pitJ pitCOPPER EQUIVALENTGOLD EQUIVALENTCOPPER EQUIVALENTGOLD EQUIVALENT

| 711.24.56.77.66.35.54.14.01.52.73.45.65.53.14.73.44.04.64.01.88.33.31.72.92.33.33.37.05.23.92.62.40.41.71.10.30.70.02.04.06.08.010.012.014.0M&I InferredTROILUSTroilus ProjectSTLLRTowerGoldPROBENovadorB2 GOLDBack RiverFALCOHorne 5SNOWLINEValleyAGNICOHope BayAGNICOHammond ReefBANYANAurMacKINROSSGreat BearSKEENAEskayCreekCALIBREValentineWALLBRIDGEFenelonSTLLRColomacGOLDSHOREMossGOLDFIELDSWindfallFIRST MININGDuparquetFIRST MININGSpringpoleSource: Cormark Securities, S&P Capital and corporate disclosuresM&I Grade (g/t)Inf. Grade (g/t)Open PitUnderground0.69 Eq0.92 1.51 2.25 Eq 5.88 5.88 1.66 11.40 0.00 1.23 2.81 1.55 0.68 3.40 Eq 3.09 0.50 1.50 1.90 0.94 1.51 Eq0.69 Eq1.09 2.03 2.23 Eq 6.44 5.44 1.25 8.40 0.63 1.11 4.74 1.62 0.00 1.90 Eq 2.96 0.63 2.17 1.65 0.54 1.82 EQOP OP OP+UG UG OP+UG OP+UG UG UG OP OP+UG OP+UG OP OP OP OP+UG OP OP+UG OP OP OP+UGAMONG LARGEST UNDEVELOPED AU-CU DEPOSITS IN CANADASelect Undeveloped Canadian Gold ProjectsConstructionConstructionConstruction*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.SPASpanishMountainTHESISLawyers/RanchGOLD RESOURCES (MMoz Au & AuEq, where applicable)

| 8CormarkRichard GrayDesjardinsAllison CarsonHaywood Pierre VaillancourtRed Cloud SecuritiesRon StewartVelocity Trade Capital Paul O’BrienTSX: TLG OTCQX: CHXMF FRA: CM5RCASH & MARKETABLE SECURITIESTSX SHARE PRICE (April 1st , 2025)CAPITAL STRUCTUREShares Outstanding382,803,626RSUs19,837,422Warrants37,300,035OptionsNilFully Diluted439,941,083ANALYSTS52-week high/low$0.25-$0.85Market Cap.~$174 millionSHAREHOLDER DISTRIBUTION~64%INSTITUTIONAL~8%MANAGEMENT& INSIDERS~28%RETAIL &OTHEROF WHICH~12%AREQUEBEC-BASED~382MSHARES OUTSTANDINGCAPITAL STRUCTURETOP INSTITUTIONAL SHAREHOLDERSEquinox | Franklin | Caisse de Depot, Qc | Investissement Quebec (IQ) | Konwave | Sprott | Ixios | Ruffer | VanEck~40% collectively owned by: C$20.5MAs of FQ2 ending January 31, 2025(As of February 10th , 2025)*Not including VanEck investment of $5.8m announced Feb. 6, 2025.

| 9SENIOR MANAGEMENTPROVEN TEAM & BOARD FOCUSED ON PROJECT EXECUTIONDenis RivardEVP, ProjectsJustin ReidCEO, DirectorIan PritchardSVP Technical PlanningBrianna DaviesSVP Legal & Corporate SecretaryKyle FrankVP ExplorationSusanna MilneCFOCatherine StretchVP Corporate Affairs & Sustainability Jacqueline LerouxVP Environment, PermittingCaroline ArsenaultVP Corporate CommunicationsDaniel BergeronVP Special ProjectsAndy FortinVP Operations & General ManagerChris SharpeVP Technical ServicesBOARD OF DIRECTORSChantal Lavoie, Eng., P. Eng., ICD.D, ChairpersonFormer COO of Iron Ore Company of Canada, + 35 years in mining operations & executive leadershipDiane Lai, ICD.D, MBAFrançois Biron, B. Sc. A.Brigitte Berneche, CPA, CAHon. Pierre Pettigrew, p.c.Thomas Olesinski, CPA, CMAJustin Reid, M.Sc., MBARecently expanded engineering team = technical expertise and project execution capacity.Detailed Engineering work underway by BBA Inc; involved in some of Canada’s largest and most successful gold operations: Canadian Malartic Mine+ Detour Lake

10TIER-ONE MINING JURISDICTION OF QUEBEC, CANADA| 10Chibougamau (~170km south of Troilus)Val-d’OrChibougamauMontrealQuebec CityStrong collaborative efforts between Governments and mining industry to support mineral developmentQuebec is ranked 5th globally on the mining “Investment Attractiveness Index”*Established regulatory and permitting frameworkAccess to experienced mining labour, suppliers & contractors*According to the Fraser Institute’s annual survey of mining (2023)

11LOCATED IN ONE OF THE WORLD’S RICHEST GOLD REGIONS

| 12PROJECT LOCATION435 km2 propertyZ87 pitJ4 pitFormerly mined pitsSouthwestX22Z87J Zone0 2.5 5kmCAMPFormerlyMined PitsTroilusAu-Cu Project

Permitted Tailings Facility& Associated InfrastructureWater Treatment Facilities50MW Substation Core Storage & LoggingInitial Construction Starter Camp *installed septic60 km Power Line, Site Roads and River Crossings+US$500MOF INFRASTRUCTURE | 13

One of Canada’s largest future gold-copper operations. A generational scale asset in a Tier-1 jurisdiction.THE TROILUS PROJECT22 yearsM I N E L I F E536,400ozP E A K A N N U A L A V G A u E q P R O D U C T I O N303,000ozA V G A N N U A L A u E q P R O D U C T I O N L O MF E A S I B I L I T Y S T U D Y R E S U L T S| 14T O T A L R E C O V E R E D O U N C E S A u E q6.7Moz*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.

FEASIBILITY STUDY HIGHLIGHTS22 yearsM I N E L I F E303,000 ozA N N U A L P R O D U C T I O NA v g . L O M135.4MlbsA N N U A L P R O D U C T I O NA v g . L O MC u E qA u E q$1.08BI N I T I A L C A P E X$1,109/ozL O M A v g . A I S C5.7-year P A Y B A C K*All figures in US$ unless stated otherwise| 15*See AuEq disclosure in the Appendix$1.56B 18%I R RP R E - TAXN P V5% A F T E R - TAX$885M 14%I R RN P V5% 5.7 yearsA F T E R - T A X P A Y B A C KBASE CASEAu: $1,975 /oz | Cu: $4.05/lb | Ag: $23/oz

FEASIBILITY STUDY SUMMARY$150M FCFA v g . A n n u a l L O M @ B a s e C a s e*All figures in US$ unless stated otherwise| 16PRODUCTIONAverage Annual Total Production303,000oz AuEqAverage Annual Gold Production 244,600 ozAverage Annual Copper Production 17.3 M lbs Average Annual Silver Production 446,700 ozMill Throughput50,000 tpdProbable Reserves (AuEq)380Mt (7.26Moz @ 0.59 g/t)Mine Life22 yearsStrip Ratio3.1:1COSTSTotal cost per tonne of ore$19/t AuAll-In-Sustaining Costs (AISC)$1,109/oz AuInitial CAPEX$1.08BSustaining CAPEX$276.6M6.7 Moz AuEqT o t a l R e c o v e r e d L O M*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. 536,400 oz AuEqP e a k A n n u a l A v g . P r o d u c t i o n

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 0100,000200,000300,000400,000500,000600,000YR -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 22PRODUCTION PROFILE: GOLD EQUIVALENT314,200ozY E A R S 1 - 5300,000ozY E A R S 6 - 22303,000ozA v g . L O M0.59 g/tA v g . G R A D E*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. | 17

05101520253035 - 100,000 200,000 300,000 400,000 500,000 600,000 700,000YR -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 22Million PoundsOuncesGold Silver CopperPRODUCTION PROFILE: Au, Cu, Ag6.7MozA u E qTOTAL METAL RECOVERED LOM5.4M o z G O L D382M l b s C O P P E R9.9M o z S I L V E R| 183.0BlbsC u E qAverage AnnualProductionY E A R S 1 - 5 Y E A R S 6 - 22 L O M256,200oz Au16.1 Mlbs Cu475,200oz Ag241,200oz Au17.7 Mlbs Cu438,300oz Ag244,600oz Au17.3 Mlbs Cu446,700oz Ag*See AuEq disclosure in the Appendix. AuEq and CuEq recovered metal assumes a 92% recovery rate for all metals. $4.6BBASE CASE GROSS CASH FLOW(PRE-TAX,EXCL. DEBT)

$900 $1,109 $1,125 $1,130 $1,200 $1,370 $1,475 $1,500 $1,510 $1,650 $1,875 $1,890 IslandTroilusMount MilliganLamaqueYoung-DavidsonBrucejackRainy RiverEleonorePorcupineHemloCasa BerardiTimmins2nd lowest AISC in CanadaPROJECT POSITIONING - CANADA2024 Forecasted Production and AISC of Active Gold-producing Assets1| 19#6 in Gold ProductionAnnual Production (Koz)677 604 432 364 307 303 286 260 260 232 229 185 177 167 154 141 141 133 131 90 Detour LakeCanadian MalarticMeadowbankMeliadineLaRondeTroilusBrucejackPorcupineRainy RiverEleonoreMacassaYoung-DavidsonLamaqueEagle GoldMount MilliganHemloGoldexTimminsIslandCasa BerardiAISC (US$/oz)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.$775 $781 $854 $890 $1,046 $1,109 Back RiverBlackwaterCoteGreenstoneValentineTroilusAISC (US$/oz)E M E R G I N G P R O D U C E R SHighlights Troilus’ conservative approach to costing and inputs.

| 20 $(1,500,000,000) $(1,000,000,000) $(500,000,000) $- $500,000,000 $1,000,000,000 $1,500,000,000 $2,000,000,000 $2,500,000,000YR 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| 20CUMULATIVE FREE CASH FLOWCumulativeAfter-Tax FCF$2.2BB A S E C A S EYR 4R3 YR5$150MA V G . A N N U A L F C FB A S E C A S E

| 21Au5.4MozGOLD83%Cu382MlbsCOPPER15%Ag9.9MozSILVER2%STRATEGIC METAL EXPOSURE: COPPERTotal Metal Recovered LOM 74,900 WMTL O M A V E R A G E A N N U A L C O P P E R C O N C E N T R A T E135.4 MlbsA V E R A G E L O M C u E q A N N U A L P R O D U C T I O N*See AuEq disclosure in the Appendix. CuEq recovered metal assumes a 92% recovery rate for all metals. | 21

| 22CAPEXInitial and Sustaining$258M$443M$100M$173M$89M$11MMiningProcess PlantInfrastrutureIndirectsContingencyEnvironmental$209.1MS U S T A I N I N G C A P I T A L$67.5MC L O S U R E C O S T S$276.6MSUSTAINING CAPEX$1,074MINITIAL CAPEXB R O W N F I E L D P R O J E C T A D V A N T A G EValue of existing installed and upgraded infrastructure from former Troilus mine (1996-2010)$500M

| 23TROILUS’S COMPETITIVE EDGE IN CAPEX EFFICIENCYThe Troilus Project stands out for its low capital intensity, with a CAPEX/oz well below the average of comparable development-stage projects in Canada.$623 $348 $337 $323 $293 $252 $251 $235 $224 $216 $0 $100 $200 $300 $400 $500 $600 $700IAMGOLD (Cote)Artemis (Blackwater)NexGold (Goliath)Spanish Mountain (Spanish Mountain)Calibre (Valentine)Skeena (Eskay Creek)Equinox (Greenstone)B2 Gold (Black River)First Mining (Springhole)Troilus (Troilus)Troilus (Troilus)$310/ozaverageSource: 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 $29/oz Ag. Total capex includes initial, expansion, and sustaining capex, but excludes closure/reclamation costs.Total CAPEX/Total AuEq Production (US$/oz)

| 24OPERATING COSTSAverage LOM$19/t$19.06/t O P E R A T I N G C O S T / t O R E$1,109/oz AuA I S C$11.60Mining$5.64Processing$1.82G&A, Trucking, Port, ShippingBrucejackMacassaGoldexCanadian MalarticDetour LakeIslandMeliadineLaRondePorcupineLamaqueEleonoreMusselwhiteYoung-DavidsonDublin GulchRainy RiverRed LakeMeadowbankHemloTimmins$0$200$400$600$800$1,000$1,200$1,400$1,600$1,800$2,000AISC (US$/oz Au)2023 Paid Gold Ounces in (000s) 1st quartile AISC among the major Canadian gold minesTimminsWeighted Average AISC: US$1,256/oz AuSource: Red Cloud Securities, Company Reports and S&P Capital as of May 7th, 2024

MINE SITE LAYOUTULTIMATE PIT SIZES AT YEAR 22| 25

PROCESS FLOWSHEET& PROCESS PLANTCopperConcentrateDoré Bar| 26Cyanide-free operation

| 27PROCESS PLANT - 3D RENDERINGCRUSHING & HPGRSTOCKPILE & RECLAIMFLOTATION & REGRINDTHICKENINGCONCENTRATE FILTRATION & SHIPPINGGRAVITY & REFININGBALL MILLS| 27

| 28L AT E S T D EV E LO P M E N TS & PAT H F O R WA R D| 28

US$1.3 BILLION IN LOI’SFINANCING THE TROILUS PROJECTUP TO US$300MUP TO US$500MUP TO US$500MEquipment ExportsGuarantee90% Guarantee Raw Material ImportsNOVEMBER 2024MANDATED LENDERS FOR UP TO US$700MMARCH 2025Up to US$ 700M(+ C$ 1 billion)MANDATED LEAD ARRANGERSEXPORT CREDIT AGENCIESAdditional GuaranteeEquipment Exports90% GuaranteeRaw Materials Imports*See press releases dated November 13, 2024, November 19th, 2024, November 21st, 2024, and March 13th, 2025.

| 302025 2026 2027 2028 2029Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4| 30PATH TO PRODUCTIONESIA SubmissionAll Required Federal/ Provincial PermitsProject FinancingDetailed EngineeringEarly WorksConstruction Commissioning & Pre-Production& Pre-Production

| 31DEWATERING OF THE J4 PITKey step in theredevelopment of Troilus▪ J4 dewatering = ~6 months ▪ Three 140Hp pumps currently operating▪ Dewatering of Z87 pit expected to start in 2025INITIATED AUGUST 2024 | +3.17M m3 DISPLACED TO DATEResponsible 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 monitoringStakeholder 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.

| 32On-Site Renewable Energy500 solar panels (222.5 kWp) and a 15 kWp wind turbine provide supplemental and backup power.Lowering Carbon FootprintDesigned to cut diesel use and support Troilus’s path toward carbon neutrality.Future Wind Energy PotentialWind monitoring devices installed, with early studies confirming strong viability for large-scale wind power integration.ADVANCING LOW-CARBON ENERGY SOLUTIONSTroilus is proactively investing in sustainable energy to secure a reliable, low-emission power mix for its operations.

Inaugural 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).Creating value for all our stakeholders 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 202020202020202020212022Troilus 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 initiative2024Troilus Engages Stantec/ Blue Metric to complete the ESIACOMMITTED TO THE RESPONSIBLE DEVELOPMENT OF OUR PROJECT2023Installation of alternative solar and wind energy system

POSITIONED FOR GROWTH| 34Low-cost Production1st quartile AISC among the major Canadian gold mines.Generational Scale Asset22-year mine life with excellent potential for growth. Tier-1 JurisdictionRated one of the top mining jurisdictions globally.Upcoming Major De-Risking MilestonesExcellent progress with Project funding & permitting nearing final stages.Proven Team with a Strong Track RecordConstruction-ready team & external consultants in place.

| 35TSX: TLGOTCQX: CHXMFFRA: CM5RJustin ReidCEO & Director(647) 276-0050, x1305justin.reid@troilusgold.comCaroline ArsenaultVP Corporate Communications(647) 407-7123caroline.arsenault@troilusgold.comFollow us:

| 36$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 mine1986Initial 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: +2MozCopper: ~70,000tUS$500M2.05Moz 0.70MozINDICATED 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 $20MTROILUS’ HISTORY AS A PAST-PRODUCER

500mZ87 J X22 SOUTHWESTLONGITUDINAL SECTION: RESOURCES & RESERVES2023 Resource Pits & 2024 Reserve Pits2018-2023 Drilling2023 Resource Pit2024 Reserve Pit2023 Mineralization Envelope Former Z87 Pit Former J Pit380Mt7.26Moz AuEq0.59 g/t AuEqR E S O U R C E S R E S E R V E S508.3Mt11.21Moz AuEq0.69 g/t AuEqI N F E R R E DI N D I C A T E D P R O B A B L E80.5Mt1.80Moz AuEq0.69 g/t AuEq| 37*See AuEq disclosure in the Appendix.

| 38MULTIPLE 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 & ROCKETDrill 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 | 38*See Appendix slide titled “Notes related to REGIONAL EXPLORATION RESULTS” for references to original filings of regional exploration results.

| 39MINING SEQUENCESouthwestZ87 JX22Low grade material will be stockpiled on a large pad which provides feed material later in the mining schedule or as required.Southwest pit has 2 phases, mined between years 1 to 9.Pre-production mining starts in Z87.Z87 is comprised of 4 phases, with final phase completed in year 19.J has 2 phases, mined between years 5 to 15.X22 has 2 phases, mined between years 18 to 21. 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.0.96 $/t (0.2g/t AuEq) 24 $/t (0.5 g/t AuEq)43 $/t (0.9 g/t AuEq) Mineral Reserve EstimateEffective Date Jan 15, 2024Cut-off grade: 9.96 $/t (0.20g/t AuEq) Grade blocks:| 39

| 40ZoneSample Head Assay Final Tails Assay Overall Recoveries (%)Gold (g/t)Copper (%)Silver (g/t)Au (g/t)Copper(%)Silver (g/t)Gold RecoveryCopper RecoverySilver RecoveryJ ZONE 0.371 0.059 0.772 0.036 0.004 0.141 92.7% 93.2% 85.9%SOUTHWEST 0.388 0.052 0.762 0.046 0.005 0.138 90.6% 91.3% 86.2%Z87 0.460 0.072 0.353 0.030 0.007 0.030 94.0% 88.1% 96.7%ZONE X22 0.324 0.024 0.476 0.023 0.002 0.091 94.1% 96.2% 90.8%3000 kg CompositeZoneSample Head Assay Final Tails Assay Overall Recoveries (%)Gold (g/t)Copper (%)Silver (g/t)Au (g/t)Copper(%)Silver (g/t)Gold RecoveryCopper RecoverySilver RecoveryJ ZONE 0.434 0.059 0.836 0.035 0.006 0.096 92.8% 90.4% 90.4%SOUTHWEST 0.624 0.065 1.123 0.078 0.004 0.124 84.0% 93.4% 87.6%Z87 0.590 0.070 0.262 0.029 0.003 0.022 94.0% 95.1% 97.8%ZONE X22 0.327 0.069 1.110 0.028 0.004 0.142 94.3% 93.1% 85.8%800 kg Composite| 40METALLURGICAL TESTWORK – OVERALL RECOVERIESMetallurgy Consultants

| 41ZONE PHASEOre(Mt)Au(g/t)Cu(%)Ag(g/t)NSR(C$/T)Waste(Mt)Total(Mt)Strip RatioJ ZONE1 74.4 0.45 0.06 0.91 29.53 153.0 227.4 2.12 50.8 0.42 0.058 0.84 27.79 164.7 215.5 3.2TOTAL125.2 0.44 0.058 0.88 28.82 317.7 442.9 2.5ZONE 870 1.6 0.65 0.04 0.95 42.20 8.5 10.1 5.31 31.6 0.55 0.062 1.17 37.09 139.3 170.9 4.42 69.0 0.58 0.068 1.14 39.38 179.5 248.5 2.63 63.9 0.52 0.055 1.08 34.26 272.0 335.9 4.3TOTAL166.1 0.55 0.062 1.12 37.00 599.4 765.5 3.6ZONE X221 16.5 0.43 0.07 1.61 29.59 56.5 73.0 3.42 20.0 0.40 0.047 0.79 25.48 53.1 73.0 2.7TOTAL36.4 0.41 0.058 1.16 27.34 109.6 146.0 3.0SOUTHWEST ZONE1 34.0 0.48 0.05 0.75 29.09 75.1 109.0 2.22 17.9 0.52 0.035 0.78 30.67 69.2 87.1 3.9TOTAL51.9 0.49 0.045 0.76 29.64 144.3 196.1 2.8SUMMARY380 0.49 0.058 1.00 32.37 1,171 1,550 3.13.1:1L O M S T R I P R A T I OSTRIP RATIOSTRIP RATIO BY ZONE2.5J Z O N E3.6Z873.0X 2 23.0S O U T H W E S T

| 42| 42NOTES RELATED TO AuEq & CuEq CALCULATIONSOpen 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 gradeMetal 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

CLASSTonnage(Mt)Gold Grade(g/t Au)Copper Grade(%Cu)Silver Grade(g/t Ag)AuEq Grade(g/t AuEq)CuEq Grade(%)ContainedGold(Moz)ContainedCopper(Mlbs)ContainedSilver(Moz)ContainedAuEq(Moz)ContainedCuEq(Blbs)Proven- - - - - - - - - - -Probable380 0.49 0.058 1.00 0.59 0.39 6.02 484 12.15 7.26 3.24PROBABLE RESERVES BY ZONEZONETonnage(Mt)Gold Grade(g/t Au)Copper Grade(%Cu)Silver Grade(g/t Ag)AuEq Grade(g/t AuEq)CuEq Grade(%)ContainedGold(Moz)ContainedCopper(Mlbs)ContainedSilver(Moz)ContainedAuEq(Moz)ContainedCuEq(Blbs)Z87166.1 0.55 0.062 1.12 0.660.432.95 225 5.97 3.53 1.58J Zone125.2 0.44 0.058 0.88 0.540.361.76 161 3.56 2.16 1.00X2236.4 0.41 0.058 1.16 0.520.340.48 46 1.35 0.60 0.27Southwest51.9 0.49 0.045 0.76 0.580.350.82 52 1.26 0.96 0.40Total380 0.49 0.058 1.00 0.59 0.39 6.02 484 12.15 7.26 3.24Note: 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.MINERAL RESERVE| 43

| 44| 44MINERAL RESERVE AND AuEq & CuEq DISCLOSURETroilus AuEq Equations by Pit (Reserve)Metal Prices UnitsAu 1,550US$/ozCu 3.5US$/lbAg 20US$/ozNote: 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.Pit Recoveries (%)Value per grade unit AuEq Factors AuEq formulas CuEq Factors CuEq formulasAt With At theAt With At the With At the At At the8795.5% 94.7% 98.2%47.5973.100.631.53610.0133AuEq = Au + 1.5361*Cu +0.0133 *Ag0.65100.0086CuEq = Cu + 0.6510*Au +0.0086 *AgJ93.1% 89.3% 88.9%46.4068.890.571.48490.0123AuEq = Au + 1.4849*Cu +0.0123 *Ag0.67350.0083CuEq = Cu + 0.6735*Au +0.0083 *AgSW85.7% 91.5% 85.6%42.7270.640.551.65350.0129AuEq = Au + 1.6535*Cu +0.0129 *Ag0.60480.0078CuEq = Cu + 0.6048*Au +0.0078 *AgX2295.5% 94.7% 98.2%47.5973.100.631.53610.0133AuEq = Au + 1.5361*Cu +0.0133 *Ag0.65100.0086CuEq = Cu + 0.6510*Au +0.0086 *Ag

| 45| 45NOTES RELATED TO REGIONAL EXPLORATION RESULTSAllongé 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-to-80-gt-gold-and-1060-gt-silver-and-channel-samples-up-to-195-gt--beyan-zone-expanded-with-12-gt-gold-outcrop-sample-located-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-gt-gold-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-76m-incl-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-outcrop-samples-up-to-80-gt-gold-and-1060-gt-silver-and-channel-samples-up-to-195-gt--beyan-zone-expanded-with-12-gt-gold-outcrop-sample-located-600-metres-north-of-main-discovery Pallador/ Rocket Results:Boulder Grab sample up to 102 g/t goldSee 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/csa-party/records/document.html?id=1498be21b4e72b73a5d9d182d3fde0f90324d68bef60afd8acef575a344deb51 Drill highlights 4.74g/t Au/ 2.5m, incl. 19.24 g/t Au/ 0.5mSee 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/csa-party/records/document.html?id=744a74045b7e8935a59ce7d6f88334bc6a5897f31bff674e0f0ee22c8d98d3a6