About Troilus Gold Corp

Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) is focused on the systematic advancement and de-risking of the former gold and copper Troilus Mine towards production. The company benefits from ~US$350M of installed infrastructure from the former mine, which produced +2 Moz of gold and nearly 70,000 tonnes of copper from 1996-2010. The project is located in the top-rated mining jurisdiction of Quebec, Canada, where it holds a strategic land position of 1,420 km² (142,000 ha) in the Frôtet-Evans Greenstone Belt, the under-explored north-eastern extension of the Abitibi Greenstone Belt and one of the richest gold regions in the world.

Since acquiring the project in late 2017, the Troilus team has increased the total resources on its property from ~2 million ounces to 8.1 million ounces of gold equivalent ounces (~15% copper) in the inferred and indicated categories. In parallel, a robust PEA was completed in Aug. 2020, featuring a mine life of 22 years, annual production of 246,000 oz Au, all-in cash costs of $850/oz, CAPEX of $333M, with a post-tax NPV of ~$1 billion ($1,750/oz Au) – results which place Troilus among the top five gold producers in Canada today, and the largest copper producer in the province of Quebec. Major de-risking milestones coming up, including an updated mineral resource and inaugural reserve estimate, which will feed into a pre-feasibility study – both scheduled for completion in mid-2022. Led by an experienced team with a track-record of successful mine development, Troilus is positioned to become a cornerstone project in North America.