Troilus Gold closes $172.5-million public offering

Ms. Caroline Arsenault reports TROILUS CLOSES $172.5 MILLION BOUGHT DEAL PUBLIC OFFERING INCLUDING THE FULL EXERCISE OF OVER-ALLOTMENT OPTION Troilus Gold Corp. has closed its previously announced bought deal public offering, including exercise of the overallotment option in full. Pursuant to the offering, the company has issued 133,722,000 common shares of the company at a price of $1.29 per common share for aggregate gross proceeds of $172,501,380. The offering was completed through a syndicate of underwriters co-led by Desjardins Capital Markets, Cormark Securities Inc. and Haywood Securities Inc. and including BMO Nesbitt Burns Inc., Red Cloud Securities Inc. and Velocity Trade Capital Ltd. The net proceeds from the sale of the offered shares will be used by the company to finance continuing predevelopment activities at the company's Troilus copper-gold project, debt repayment, and for working capital and general corporate purposes. The offering was completed by way of a prospectus supplement to the short-form base shelf prospectus of the company dated April 30, 2025, which supplement was filed on Nov. 7, 2025, with the securities commissions and other similar regulatory authorities in each of the provinces and territories of Canada. The offered shares were also offered in the United States pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended, and in such other jurisdictions outside of Canada and the United States as are agreed to by the company and the underwriters, in each case provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction and that the company will not be or become subject to any continuous disclosure obligations in such jurisdiction. The base prospectus and the supplement can be found at the company's profile page on SEDAR+ and contain important detailed information about the offering. Electronic or paper copies of the base prospectus, the supplement and any amendment to the documents may be obtained, without charge, from Desjardins Capital Markets at 25 York St., 10th floor, Toronto, Ont., M5J 2V5, attention: equity capital markets, or by e-mail at [email protected]. The offering remains subject to receipt of final approval of the Toronto Stock Exchange. About Troilus Gold Corp. Troilus Gold is a Canadian development-stage mining company focused on the systematic advancement of the former gold and copper Troilus mine toward production. Troilus is located in the Tier 1 mining jurisdiction of Quebec, Canada, where it holds a large land position of 435 square kilometres in the Frotet-Evans greenstone belt. A feasibility study completed in May, 2024, supports a large-scale, 22-year, 50,000-tonne-per-day open-pit mining operation, positioning it as a cornerstone project in North America. We seek Safe Harbor.