Troilus Announces AGM Results and Appointment of Chantal Lavoie as Chair of the Board

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TORONTO, Dec. 13, 2024 (GLOBE NEWSWIRE) — Troilus Gold Corp. (TSX: TLG; OTCQB: CHXMF) (“Troilus” or the “Company”) is pleased to report the results of its Annual General Meeting of Shareholders (the “Meeting”) held on December 12, 2024, in Toronto, Ontario.

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In accordance with the policies of the Toronto Stock Exchange, all nominees listed in the Management Information Circular dated November 5, 2024, were elected as directors of the Company. Over 55% of the Company’s issued and outstanding shares were represented at the Meeting.

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The shareholders approved the election of the following individuals as directors of the Company, based on the following vote:

Following election by shareholders at the Meeting, the Company is pleased to announce the appointment of Mr. Chantal Lavoie as the new Chair of the Board. Mr. Lavoie, who joined Troilus September 2024, is a Professional Mining Engineer with over 35 years of experience in mining operations, permitting, construction, and executive leadership across various global mining regions, including Quebec.

Mr. Lavoie succeeds Ms. Diane Lai who previously served as Chair of the Board. Ms. Lai will continue to contribute as a valued member of the Board. The Company extends its gratitude to Ms. Lai for her dedication and leadership during her tenure as Chair.

Shareholders also approved the appointment of McGovern Hurley LLP as the Company’s auditors for the ensuing year.

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Troilus’ Board of Directors expresses their gratitude to all shareholders and stakeholders for their continued support.

About Troilus

Troilus is a Canadian-based junior mining company focused on the systematic advancement and de-risking of the former gold and copper Troilus Mine towards production. From 1996 to 2010, the Troilus Mine produced +2 million ounces of gold and nearly 70,000 tonnes of copper. Troilus is located in the top-rated mining jurisdiction of Quebec, Canada, where it holds a strategic land position of 435 km² in the Frôtet-Evans Greenstone Belt. Since acquiring the project in 2017, ongoing exploration success has demonstrated the tremendous scale potential of the gold system on the property with significant mineral resource growth. Led by an experienced team with a track-record of successful mine development, Troilus is positioned to become a cornerstone project in North America.

For Further Information, Please Contact:

Caroline Arsenault
VP Corporate Communications
+1 (647) 276-0050
info@troilusgold.com

Cautionary Note Regarding Forward-Looking Statements and Information

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This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. Such forward-looking statements include, without limitation, statements regarding the impact of the results and appointment on the Company. Although the Company believes that such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors and risks, including, uncertainties of the global economy, market fluctuations, the discretion of the Company in respect to the use of proceeds discussed above, any exercise of termination by counterparties under applicable agreements, the Company’s inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies and other risks identified in its disclosure documents filed at www.sedarplus.ca. This press release is not, and is not to be construed in any way as, an offer or recommendation to buy or sell securities in Canada or in the United States.

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Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual events, results and/or developments may differ materially from those in the forward-looking statements. Readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with and as required by applicable securities laws.

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