Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF) (FSE: CM5R) is pleased to announce positive drill results from its 2025 drill campaign. The program is focused on identifying and delineating higher-grade mineralization and enhancing confidence in the block model.

The results reported today include the best intercept drilled to date in the Southwest Zone based on linear grade (grade x width). These results confirm the continuity of higher-grade material within the Phase 1 reserve pit, which covers Years 1 to 5 of the mine plan. All intercepts reported lie within the current mine plan and drill hole locations relative to the Southwest reserve pit are shown in Figure 1. All grades are uncut and true thicknesses are approximately 75% to 90% of drilled length.

Southwest Drill Intercept Highlights: 

• Hole SW-25-688 intersected 2.44 g/t gold equivalent (2.03 g/t Au, 2.55 g/t Ag, 0.23 % Cu) over 56 m, including 3.28 g/t AuEq (2.74 g/t Au, 3.38 g/t Ag, 0.29 % Cu) over 34 m starting at 174 metres This is the best drill intercept in the history of the Southwest in terms of linear grade.
• Hole SW-25-679 intersected 1.22 g/t AuEq (1.13 g/t Au, 0.81 g/t Ag, 0.04 % Cu) over 51 mincluding 6.82 g/t AuEq (6.71 g/t Au, 2.90 g/t Ag, 0.05 % Cu) over 1 m, 1.75 g/t AuEq (1.71 g/t Au, 0.46 g/t Ag, 0.02 % Cu) over 9 m, 15.39 g/t AuEq (15.25 g/t Au, 0.60 g/t Ag, 0.08 % Cu)over 1 m, and 8.18 g/t AuEq (7.33 g/t Au, 8.50 g/t Ag, 0.44 % Cu) over 1 m starting at 9 metres downhole.
• Hole SW-25-712 intersected 0.97 g/t AuEq (0.68 g/t Au, 0.80 g/t Ag, 0.14 % Cu) over 73 m, including 1.84 g/t AuEq (1.34 g/t Au, 0.76 g/t Ag, 0.29 % Cu) over 19 m starting at 189 metres downhole.

Justin Reid, CEO of Troilus Gold, commented, “We are very encouraged by the latest results from the Southwest Zone, which will be the first area mined when production begins. Hole SW-25-688 returned the highest linear-grade intercept drilled to date in this zone, highlighting the continuity of wide, high-grade mineralization in the core of the deposit. Additionally, SW-25-679 encountered strong near-surface grades that could further strengthen the early years of the mine plan. As the campaign progresses, we look forward to sharing more results that continue to improve confidence of the block model, de-risk the early production years, and enhance the overall development plan for the Troilus Project.”

*The completed NI 43-101 technical report associated with the Troilus Project FS can be found on SEDAR+ at www.sedarplus.ca under the Company’s issuer profile or on the Company’s website at www.troilusgold.com.

Southwest Drilling

The ongoing drill program at the Southwest Zone is focused on better defining high-grade zones in the early years of production. These first reported results include Troilus’s single best intercept in the history of drilling at the Southwest, in terms of linear grade. Drill hole SW-25-688 returned 2.44 g/t AuEq over 56 metres from the primary ore shoot on which the Phase 1 pit is centered and surpasses the previous strongest result from the Southwest of 1.56 g/t AuEq over 73 metres in hole TLG-ZSW20-189 (see April 21, 2020 press release).

Hole SW-25-679 returned several higher-grade intervals of 6.82 g/t AuEq over 1 metre, 1.75 g/t AuEq over 9 metres, 15.39 g/t AuEq over 1 metre and 8.18 g/t AuEq over 1 metre within a broader intersection of 1.22 g/t AuEq over 51 metres starting at just 9 metres downhole. These grades are notably higher than previously reported results from this area of the Southwest Zone, highlighting the potential for the ongoing drill program to not only de-risk the early years of mining, but also identify additional near-surface high-grade zones that could enhance early production.

Drilling in the Southwest is scheduled to continue until mid-May. In addition to drilling in the current pit shell, the program will include initial testing of several geophysical anomalies located outside the existing resource. These electro-magnetic anomalies are interpreted to be the result of volcanogenic mineralization, which, when encountered, has shown the potential to host significantly higher grades than those seen in the primary ore zones at Troilus. Follow-up drilling on these targets is planned for Fall 2025.

Figure 1. Plan map with the reported drill hole locations relative to the Southwest reserve pit

Table 1. Southwest Drill Results

* AuEq = Au + 1.6823 x Cu + 0.0124 x Ag

Quality Assurance and Control 

During the drill program, one meter assay samples were taken from NQ core and sawed in half. One-half was sent for assaying at ALS Laboratory, a certified commercial laboratory, and the other half was retained for results, cross checks, and future reference. A strict QA/QC program was applied to all samples; which included insertion of one certified mineralized standard and one blank sample in each batch of 25 samples. Every sample was processed with standard crushing to 85% passing 75 microns on 500 g splits. Samples were assayed by one-AT (30 g) fire assay with an AA finish and if results were higher than 3.5 g/t Au, assays were redone with a gravimetric finish. For QA/QC samples, a 50 g fire assay was done. In addition to gold, ALS laboratory carried out multi-element analysis for ME-ICP61 analysis of 33 elements four acid ICP-AES.

Qualified Person

The technical and scientific information in this press release has been reviewed and approved by Nicolas Guest, P.Geo., Exploration Manager, who is a Qualified Person as defined by NI 43-101. Mr. Guest is an employee of Troilus and is not independent of the Company under NI 43-101.

AuEq Disclosure

The formulas used to calculate equivalent values for resources are as follows, for 87 Pit AuEq = Au + 1.5628*Cu +0.0128 *Ag, for J Pit AuEq = Au + 1.5107*Cu +0.0119 *Ag, for SW Pit AuEq = Au + 1.6823*Cu +0.0124 *Ag, for X22 Pit AuEq = Au + 1.5628*Cu +0.0128 *Ag. AuEq was calculated using metal prices of $1,850/oz Au; $4.25/lb Cu and $23.00/oz Ag.

About Troilus Gold Corp.

Troilus Gold Corp. is a Canadian development-stage mining company focused on the systematic advancement of the former gold and copper Troilus Mine towards production. Troilus is located in the tier-one mining jurisdiction of Quebec, Canada, where it holds a large land position of 435 km² in the Frôtet-Evans Greenstone Belt. A Feasibility Study completed in May 2024 supports a large-scale 22-year, 50ktpd open-pit mining operation, positioning it as a cornerstone project in North America.