Troy partner continues Tsagaan Zalaa permitting work

Mr. Rana Vig reports TROY MINERALS UPDATES ON THE OPERATIONAL MINING PERMIT FOR ITS TSAGAAN ZALAA SILICA PROJECT, MONGOLIA AND INITIATES COMMODITY OFF-TAKE DISCUSSIONS Troy Minerals Inc. has made continued progress toward securing an operating mining permit for its Tsagaan Zalaa silica project in Dornogovi province in southeastern Mongolia. Troy's local partner, Grand Samsara Consulting LLC, has now completed several critical milestones in the multistage permitting process following the successful registration of high-purity quartz (HPQ) silica resources with the Mineral Resources and Petroleum Authority of Mongolia under the Ministry of Industry and Mineral Resources. This registration -- approved by a 15-member council appointed by the ministry -- represents the most significant step toward the issuance of a mining licence. Grand Samsara has been advised that the physical mining licence certificate will be issued in early November, 2025. Strategic location and regional infrastructure The Tsagaan Zalaa project lies in Saikhandulaan Soum, Dornogovi province, approximately 95 kilometres west of Sainshand, the provincial capital. Sainshand sits along the Trans-Mongolian Highway and railway, which links Ulan Bator to China, providing direct export routes for industrial minerals. Located just 200 kilometres from the Chinese border, Sainshand serves as a major logistics and processing hub for Mongolia's mineral exports, including silica. Next steps toward the operating permit Several key components required for the operating mining permit are either completed or advancing on schedule, with the goal of final submission by December, 2025: Detailed technical and economic studies for the utilization and export of the mineral resources (completed); An environmental impact assessment study (in progress, expected to be completed in November, 2025); Local government agreement that includes an appropriate corporate social responsibility (CSR) plan (in progress, November, 2025); Blasting permit application and land quality assurance plans (in progress, December, 2025); Environmental management plan and emergency response plan (in progress, November, 2025). Concurrently, Troy has initiated discussions with HPQ specialists and potential offtake partners across Central and East Asia. This includes metallurgical sampling by independent Chinese laboratories and early-stage evaluations with industrial clients in the solar and semiconductor supply chains. Based on current progress and recent meetings with Mongolian authorities, Troy anticipates receiving the mine operating permit by late 2025 or early 2026. "I recently returned from a highly productive trip through Mongolia (Ulaanbaatar and Tsagaan Zalaa) and China (Beijing and Baotou)," said Yannis Tsitos, president of Troy Minerals. "Baotou -- recognized globally as a world green silicon city -- is a leading hub in the photovoltaic and renewable energy supply chain. Our visits to solar panel and silicon processing facilities and meetings with HPQ experts underscore the growing demand for premium-grade silica in Asia. We're extremely pleased with our permitting momentum and business development initiatives, which, together, position 2026 as a milestone year for both Grand Samsara and Troy Minerals." Note: Any production decision in advance of obtaining a National Instrument 43-101-compliant feasibility study of mineral reserves demonstrating economic and technical viability of the project is associated with increased uncertainty and risk of failure. About Troy Minerals Inc. Troy Minerals is a Canadian-based publicly listed mining company focused on building shareholder value through acquisition, exploration and development of strategically located critical mineral assets. Troy is aggressively advancing its projects within the silica (silicon), scandium, vanadium and rare earths industries within regions that exhibit high and growing demand for such commodities, in both North America (through the Table Mountain, Lake Owen and St. Jaques projects) and Central-East Asia (through the Tsagaan Zalaa project). The company's primary objective is the near-term prospect of production with a vision of becoming a cash-flowing mining company to deliver tangible monetary value to shareholders, the state and local communities. We seek Safe Harbor.