Troilus Gold Corp (CHXMF)

[TradingCharts]

January 26, 2023, Montreal, Quebec – Troilus Gold Corp. (“Troilus” or the “Company”) (TSX: TLG; OTCQX:
CHXMF; FRA: CM5R) reports positive assay resultsfrom the Connector Zone, a target located between the
two previously mined Z87 and J4 open pits, at its gold-copper Troilus Project in northcentral, Quebec,
Canada. The results herein are part of an ongoing 5,000-metre drill program designed to target and
expand on shallow high-grade mineralization intersected in thiszone late last year(see November 8, 2022,
press release).
The latest results further demonstrate high-grade mineral continuity extending on a north, north-west
trend between the two formerly mined pits (see Figures 1 and 2). Highlights are reported below, with
results presented in Table 1.
Connector Zone Intercept Highlights:
Hole 87-449
? 2.07 g/t AuEq over 11.2m, including 4.07 g/t AuEq over 5m
This interval is located directly at surface; the hole collared into bedrock within this high-grade
mineralized zone.
? 1.22 g/t AuEq over 10.0m, including 1.49 g/t AuEq over 6.2m
? 1.31 g/t AuEq over 6m
Hole 87-451
? 4.33 g/t AuEq over 29m, including 6.37 g/t AuEq over 18m
? 5.5 g/t AuEq over 6m
? 1.01 g/t AuEq over 49m, including 1.99 g/t AuEq over 10m
Justin Reid, CEO of Troilus Gold, commented, “The latest drill results from this new and exciting target
further demonstrate the continuity of mineralized high-grade structures between the two formerly mined
open pits. Detailed structural work completed by the geology team has greatly contributed to the
understanding and successful targeting of these high-grade trends. These shallow high-grade zones exist
within and in close proximity to the PEA pit shells and we believe they could be brought into the mine
plan to positively impact the strip ratio and project economics. In the coming months our team will
continue to focus on maximizing opportunities for discovery and delineation of high-grade near surface
targets for inclusion in our upcoming Feasibility Study, expected in the second half of 2023.

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