Troilus Gold - CHXMF STOCK NEWS

Troilus Gold Corp (TSX: TLG; OTCQX: CHXMF) has awarded BBA Inc. the contract for basic and detailed engineering work for its copper and gold Troilus Project in north-central Quebec. BBA, a Canadian engineering consulting firm with over 40 years of experience, will be responsible for developing on-site infrastructure, designing an optimized process plant, and preparing technical specifications for procurement activities.

The scope includes mine services buildings, administrative offices, access roads, and designing crushing, grinding, flotation, and gold recovery circuits. BBA has previously contributed to major Canadian gold operations like Canadian Malartic Mine and Detour Lake, and has historical experience with the Troilus site from its operation under Inmet Mining Corp.

The work program is scheduled to begin in early February 2025, marking a significant step toward construction readiness.

Troilus Gold Corp (TSX: TLG; OTCQX: CHXMF) has announced three key appointments to strengthen its engineering team as the Troilus Project advances toward development and construction. Denis Rivard will join as Executive Vice President, Projects, Chris Sharpe as Vice President of Technical Services, and Jérôme Girard as Process Manager, all effective in February 2025.

Rivard brings over 35 years of experience in managing multi-billion-dollar mining projects, Sharpe contributes 20+ years in mine planning and technical studies, and Girard offers 25 years of mineral processing expertise, including previous experience at the Troilus site. Additionally, Ian Pritchard will transition to Senior Vice President, Technical Planning, following his role in delivering the May 2024 Feasibility Study, which outlined a 22-year, 50,000-tonne-per-day open-pit mining operation.

Troilus Gold Corp. (TLG; CHXMF) has released a year-end review highlighting key achievements in 2024 and outlining plans for 2025. The company completed a Feasibility Study in May 2024, demonstrating a 22-year open-pit operation with projected annual production of 303,000 gold-equivalent ounces. Notable developments include securing in-principle support for over US$1.3 billion from export credit agencies and beginning the dewatering of the J4 pit in August 2024.

The company made a significant 'West Rim' discovery in September, featuring high-grade intercepts of 1.66 g/t AuEq over 20m. Environmental initiatives included installing 500 solar panels and a wind turbine, while studies confirmed low potential for Acid Rock Drainage. For 2025, Troilus plans to complete pit dewatering, submit Environmental and Social Impact Assessment, advance engineering work, secure equipment orders, and continue exploration efforts.

Troilus Gold Corp. announces the appointment of Andy Fortin as Vice President of Operations and General Manager of the Troilus Mine. Fortin brings 28 years of experience, including 12 years at Troilus Mine from 1996-2008. The company reports significant operational progress, including dewatering operations that have removed over 2 million cubic metres of water from the J4 pit. The company has secured Letters of Intent totaling US$1.3 billion from multiple Export Credit Agencies. The Environmental and Social Impact Assessment is advancing, with final community consultations completed and submission planned for early Q1 2025.

Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) has announced the installation of a new solar and wind energy generation system at its Troilus site. The system, developed in collaboration with Tugliq Energie Co., includes 500 solar panels capable of generating up to 222.5 kWp and a wind turbine generating up to 15kWp. This installation will supplement the existing 50MW substation connected to the Hydro-Quebec grid and provide backup power.

The company aims to develop a mix of sustainable energy solutions as it prepares for a potential mine restart. Troilus is also collecting wind data to explore future wind farm development. The new system is expected to reduce reliance on diesel generators, which doubled Scope 1 GHG emissions and increased energy costs by 33% during the 2023 forest fires.

Troilus is currently the largest permitting stage copper project in Quebec, with projected average production of 17.3 million pounds of copper annually over a 22-year mine life, aligning with Quebec's priority on battery metal production for energy transition.

Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) has announced positive drill results from its newly discovered 'West Rim' VMS target at the Troilus Project in Quebec, Canada. Key highlights include:

- Hole WR-24-003: 1.66 g/t AuEq over 20m, including 3.10 g/t AuEq over 8m
- Hole WR-24-004: 1.08 g/t AuEq over 11m, including 7.13 g/t AuEq over 1m

The West Rim target is located within 150 meters of the North Reserve Pit Shell and shows potential to enhance the mine model. The prospective trend extends for about 4km and remains largely unexplored. The company plans to commence the next round of drilling in the coming weeks, focusing on identifying higher-grade ounces that could be incorporated early in the mine plan.

Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) has initiated a major milestone in its exploration and development plans by starting the dewatering process of the J4 pit. This operation is expected to take approximately 6 months, with dewatering of the larger Z87 pit scheduled to begin in 2025, lasting about 18 months. The dewatering will provide safe access for ongoing exploration and is important for the redevelopment of the existing mine site.

Key points:

• Three 140Hp pumps are currently operating at the J4 pit
• New infrastructure has been constructed, including a main basin and spillway
• The project uses renewable hydroelectric power from Hydro-Quebec
• Water treatment facilities have been upgraded to meet government quality standards
• Environmental monitoring systems are in place to ensure minimal impact
• The company received approval for the dewatering project in 2020 after submitting an Environmental Impact Assessment in 2019

Troilus Gold has filed its NI 43-101 Technical Report for the Troilus Project's Feasibility Study (FS). The FS, prepared by AGP Mining Consultants, is in accordance with the National Instrument 43-101 Standards of Disclosure for Mineral Projects. The report supports disclosures made in the company's May 14, 2024, news release and is available on the Troilus website and SEDAR+. The Troilus Project is located in northcentral Quebec, Canada, within the Frôtet-Evans Greenstone Belt.

The report titled 'NI 43-101 Feasibility Study: Troilus Gold – Copper Project Québec Canada' has an effective date of May 14, 2024. It confirms the independent review by Qualified Persons from AGP, Lycopodium, Lamont, and WSP, who have verified the accuracy of the FS in their respective sections.

Troilus Gold has announced successful metallurgical results from its pilot plant testing for Zone X22, part of its Troilus Project in Quebec. The tests confirmed high recovery rates with 91.4% for gold, 94.0% for copper, and 87.2% for silver. These results align with previous data from other zones, ensuring consistent and predictable outcomes across the project.

The testing involved two representative samples, each weighing around 1.5 tonnes, and was conducted at Eriez's facility in Pennsylvania and FLSmidth Knelson in Utah. These findings bolster confidence in the projected production rates and support the company's environmentally friendly, cyanide-free process.