Troilus Gold Corp. provided an operational update related to the advancement of its gold- copper Troilus Project ("Troilus" or the "Project"), located in northcentral Quebec; one of the largest undeveloped gold equivalent deposits in North America. The Feasibility Study for the Troilus Project is proceeding well, as the various components of the report approach finalization to create a cohesive picture of the potential future operation.

Results from trade-off studies undertaken to finalize optimal size and scope of the future mine against expected CAPEX, generated outcomes that have presented an opportunity to reassess the proposed scale of the Project while prioritizing the production of copper and higher-grade gold in the early years of contemplated production to align with the Quebec Government's Strategic Metals Initiative. On the recommendation of the Feasibility Study Technical Team, Troilus' Senior Management and its Board of Directors have determined that these results are expected to achieve the best outcome possible. The Technical Team has been applying this new information to the extensive work prepared to date for the Feasibility Study and projects a few more weeks to incorporate these results into the final design and mine plan.

As such, the Feasibility Study is now expected to be released in May 2024.