Trojan Gold Inc. (CSE: TGII) is pleased to announce that, further to its press releases dated March 2, 2026 and August 9, 2026, it has executed a definitive agreement dated October 1, 2026 with Tashota Resources Inc. and Strike Copper Corp., pursuant to which Trojan will acquire all of the issued and outstanding common shares and convertible securities of Tashota and Strike Copper, by way of a three-cornered amalgamation involving a newly-incorporated wholly-owned subsidiary of Trojan. Following the Transaction, the amalgamated company will be a wholly-owned subsidiary of the Company. The Transaction will constitute a “Fundamental Change” of the Company in accordance with the policies of the Canadian Securities Exchange.

In connection with the Transaction, it is anticipated that the Company will change its name to “Trilogy Gold Inc.”. The business and objectives of the Company following the Transaction will continue to be the business and objectives of the Company. However, the assets of the Company will also include the mineral property interests currently held by each of Tashota and Strike.

As part of the Transaction and pursuant to the terms of the Definitive Agreement, the Company will complete a consolidation of its issued and outstanding common shares on the basis of approximately one post-Consolidation common share for every five outstanding common shares in the capital of the Company. Following completion of the Consolidation and as part of the Transaction, each of the shareholders of Tashota will receive one common share in the capital of the Company in exchange for each common share held in the capital of Tashota, and each of the shareholders of Strike will receive one common share in the capital of the Company for each common share held in the capital of Strike.

In connection with the Transaction, the Company anticipates completing a brokered private placement financing for aggregate gross proceeds of up to $7,000,000. The Financing is expected to involve the issuance of: (i) units at an issuance price of $0.20 per unit comprised of one common share in the capital of the Company and one half of one common share purchase warrant, with each Warrant exercisable for one common share in the capital of the Company at a price of $0.30 for a period of two years, for gross proceeds of up to $3,000,000; and (ii) “flow-through” common shares issued at a price of $0.24 per common share, for gross proceeds of up to $4,000,000.

It is anticipated that, upon closing of the Proposed Transaction, the board of Trojan will consist of four directors in total, being the four existing Trojan directors (Charles Elbourne, Rodney Barber, Jason Bagg and Sarah Morrison).

MI 61-101

The Proposed Transaction may be considered a “related party transaction” for Trojan pursuant to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions, as Charles Elbourne is a director of each of Trojan, Strike Copper and Tashota. The board of directors of each of Trojan, Strike Copper and Tashota have formed committees of independent directors to consider and evaluate the Proposed Transaction, and Trojan will be seeking disinterested shareholder approval for the Proposed Transaction. The Proposed Transaction is exempt from the formal valuation requirements.

Steps to Completion of the Transaction

The Transaction is subject to a range of conditions including, but not limited to, the receipt of all required approvals, including the approval of the CSE, the requisite approval by the shareholders of Trojan (on a disinterested basis) at a special meeting of Trojan shareholders and shareholder approval of Strike Copper and Tashota. There can be no assurance that the Transaction will be completed.

About Trojan Gold Inc.

Trojan is an active Ontario-based prospect generator junior exploration company, led by a team of professionals having exploration, engineering, project financing and permitting experience. Trojan has accumulated land positions in the Hemlo Gold Camp and Shebandowan Greenstone Belt which in management’s view represent mineral exploration potential. For further information on the Company, please visit www.trojangold.com. Trojan is listed on the Canadian Securities Exchange under the symbol (CSE: TGII), on the OTC Pink Market under the ticker symbol TRJGF and on the Frankfurt Exchange under the symbol KC1.

About Tashota

Tashota Resources Inc. is a Prospect Generator junior resource exploration company currently focused on defining and monetizing the mineral deposits on its multiple properties in historically prolific gold camps in Northern Ontario. Tashota has a management and advisory team with significant exploration, engineering, project financing and permitting experience. This includes decades-long experience in prospecting and mining operations in the Hemlo, Shebandowan, and Beardmore-Geraldton Gold Camps where Tashota has significant property interests comprising nearly 65,000 acres.

About Strike Copper

Strike Copper Corp. is a junior resource exploration company currently focused on defining and monetizing the resource potential of its Sungold property in the historic Shebandowan Greenstone Belt just 85 km west of Thunder Bay in Northwestern Ontario.