Troy completes 2025 summer fieldwork at Table Mountain

Executive Summary

• Troy Minerals completed its 2025 summer field exploration program at the 100%-owned Table Mountain High-Purity Silica Project in British Columbia, Canada.
• The company expanded the project footprint by 222.2 hectares, bringing total holdings to 2,526.3 hectares, and conducted channel sampling, prospecting, and lidar surveys to define grade continuity and identify new targets.
• Two bulk samples totaling ~250kg were collected for metallurgical testing, and drill permits for the 2026 season have been submitted; the company also announced the grant of 1.5 million stock options to consultants and advisers.

Key Details

• Project Expansion: Expanded project area by 222.2 hectares via an amendment to the option agreement with the property vendor, adding ground directly north of the main silica zone along the strike of the Mount Wilson quartzite formation.
• Total Holdings: Project now covers 2,526.3 hectares, encompassing up to 11 kilometers of regionally mapped strike length of the Mount Wilson formation quartzite.
• Channel Sampling: Completed continuous channel sampling within the main mineralized zone to understand grade continuity and generate data for future drill hole planning.
• Prospecting: Systematic exploration across the entire property, including newly acquired northern claims, led to the discovery of several new quartzite exposures and potential high-purity silica targets.
• Lidar Survey: Completed unmanned aerial vehicle (UAV) lidar survey across approximately 3.5 square kilometers on the expanded northern part of the property to aid in drill planning and assess project access areas near the Trans-Canada Highway.
• Bulk Sampling: Collected two bulk quartzite samples totaling approximately 250 kilograms from the main quartzite silica zone for metallurgical studies to evaluate silica quality, impurities, and suitability for high-end applications.
• Future Drilling: Submitted drill permit application in anticipation of the 2026 field season; plans include resource definition drilling within the main zone and initial testing of high-priority targets.
• Upcoming Deliverables: Company will announce analytical results from channel sampling and present total lidar coverage maps once processed.
• Option Grants: Granted 1.5 million options to consultants and advisers of the company.
  • Exercise Price: 12 cents.
  • Vesting: Immediate.
  • Expiration: September 10, 2030.
• Contextual Resource Data: Reference is made to a maiden mineral resource estimate (effective June 30, 2025) of 56,945,602 tonnes inferred at an average grade of 98.91% SiO2 with very low impurities.

Notable Quotes

• "The announcement of our maiden inferred resource earlier in the summer in conjunction with the successful completion of this season's exploration program represents an important step in the advancement of the Table Mountain silica project, an asset which benefits from its size, quality, infrastructure and location, situated across the Trans-Canada Highway and four kilometres away from the CPKC Golden rail yard." — Yannis Tsitos, President of Troy Minerals.
• "With drill permits submitted for the 2026 season and our planned metallurgical works and scoping studies planned for the winter season, we are positioning Troy to move into the next stage of exploration and resource development at the Table Mountain project." — Yannis Tsitos, President of Troy Minerals.