Troilus Gold Corp (CHXMF)

[TradingCharts]

TROILUS DRILLS 1.46 G/T AUEQ OVER 30M, INCL. 2.62 G/T AUEQ OVER 11M, AND 1.36 G/T AUEQ
OVER 18M IN ZONE X22
March 30, 2023, Montreal, Quebec – Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX:
CHXMF; FSE: CM5R) is pleased to report assay results from Zone X22 (“X22”) at its Troilus Project, located
in northcentral Quebec, Canada. The results herein are part of an ongoing 7,800 metre drill campaign
designed to define and expand mineralization of Zone X22, initially identified in late 2022 (see October
17, 2022, press release). Since its discovery, the strike length of this zone has expanded to 1 kilometre,
originating at the western border of the formerly mined Z87 pit and extending southwest into the Gap
Zone (see Figure 1). The X22 delineation program is nearing completion, however over 4,000 metres of
assays are pending and will be reported as they become available.
The latest results have confirmed mineral continuity between previously drilled and reported holes in this
zone, which continue to return higher than average grades over large thicknesses. All results reported
herein lie entirely outside of the PEA pit shells and will be included in the upcoming Feasibility Study.
Zone X22 Drill Intercept Highlights:
Hole X22-23-021
• Intersected 1.36 g/t AuEq over 18m and 3.62 g/t AuEq over 3 metres within a broader intersection
of 0.94 g/t AuEq over 32m, extending down-dip mineralization by 50 metres beyond previously
reported hole X22-23-024, which intersected 1.49 g/t AuEq over 34.5m (see Figure 2).
Hole X22-23-023
• Confirmed 100 metres of up-dip mineralization with at-surface intersections of 2.07 g/t AuEq over 4
metres, including 6.10 g/t AuEq over 1 metre (31- 35m downhole), demonstrating mineral continuity
from previously reported hole 87-22-446 which intersected 1.79 g/t AuEq over 8 metres, incl. 7.57
g/t over 1 metre and 4.31 g/t over 1 metre (See Figure 3).
• Intersected 2.62 g/t AuEq over 11 metres within a broader intersection of 1.46 g/t AuEq over 30m,
from 151 to 181 metres downhole, confirming an additional mineral extension by 100 metres up-dip
beyond previously reported hole 87-22-446, which intersected 1.52 g/t AuEq over 12m, incl. 10.51
g/t AuEq over 1m (see Figure 3).
Justin Reid, CEO of Troilus Gold, commented, “Drilling at X22 only began in late 2022, and results to date
have consistently attested to this shallow zone’s strong potential to positively impact the grade profile of
Troilusin early years of the mine life. Today’sresults have bridged existing gaps between previously drilled
intercepts and provide an increased level of confidence in the continuity of mineralization at higher grades
across X22. We look forward to releasing the remaining results of incoming assays in the coming weeks
and believe they will build on today’s positive results.”

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