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Asset Portfolio - Troilus Gold Corp

The Troilus Project - Flagship Asset

Troilus Gold Corp. operates as a single-asset company, with 100% ownership of the Troilus Project, a world-class gold-copper asset located in Quebec, Canada. This strategic focus allows the company to concentrate all resources and expertise on maximizing the value of this exceptional property.

Geographic Location and Infrastructure

The Troilus Project is situated approximately 170 kilometers northeast of Chibougamau within the prolific Frotêt-Evans Greenstone Belt in Quebec. This location provides several strategic advantages:

The property benefits from Quebec's established mining infrastructure, including access to power grids, transportation networks, and a skilled local workforce. The province's supportive regulatory environment and mining-friendly policies further enhance the project's development prospects.

Land Position and Property Details

The company holds an extensive land package covering approximately 435 square kilometers (107,326 hectares). This substantial holding consists of a single mining lease and 2,585 mineral claims, providing comprehensive coverage of the mineralized system and significant exploration potential beyond the current resource areas.

The large land position offers multiple advantages including resource expansion opportunities, operational flexibility, and protection of the core mining areas. This extensive coverage ensures the company controls the entire geological system, providing security for long-term operations and expansion.

Geological Setting and Mineralization

The Troilus Project is hosted within the Frotêt-Evans Greenstone Belt, a highly prospective geological environment known for hosting significant gold and copper deposits. The mineralization occurs in multiple zones, with the main deposits including the Troilus, Pontax, and Z87 zones.

The deposit geology consists of gold-copper mineralization associated with volcanic and sedimentary rocks typical of Archean greenstone belt environments. This geological setting has produced numerous world-class deposits throughout Canada, validating the potential for significant mineral resources.

Resource Base and Economics

Following systematic exploration and resource expansion programs, the Troilus Project now hosts a significantly expanded resource base compared to the original inherited resource. The company has achieved a 447% increase in gold equivalent resources since acquisition, demonstrating the exceptional exploration potential of the property.

The May 2024 Feasibility Study outlines a robust economic model supporting a 22-year mine life with 50,000 tonnes per day processing capacity. The study projects average annual production of 303,000 ounces of gold equivalent, establishing the project among Canada's largest undeveloped gold-copper assets.

Historical Production and Proven Viability

The Troilus mine's operational history from 1996 to 2010 under Inmet Mining Corporation provides compelling evidence of the deposit's viability. During this period, the open-pit operation successfully produced:

• More than 2 million ounces of gold
• Nearly 70,000 tonnes of copper

This production history demonstrates the deposit's metallurgical characteristics, operational feasibility, and economic viability under previous market conditions. The historical data provides valuable baseline information for current development planning and risk assessment.

Development Potential and Expansion Opportunities

The extensive land package and proven geological system offer significant potential for resource expansion beyond current defined areas. Ongoing exploration programs continue to identify new mineralized zones and extend known deposits, suggesting the current resource base may represent only a portion of the property's total potential.

The project's scale and infrastructure requirements position it for potential expansion opportunities, including satellite deposits, processing facility optimization, and integration of additional mineral zones within the land package.

Strategic Value and Market Position

The Troilus Project represents one of Canada's premier undeveloped gold-copper assets, combining substantial scale, proven geology, favorable jurisdiction, and existing infrastructure. The asset's characteristics align with institutional investor preferences for large-scale, long-life mining operations in stable jurisdictions.

The project's position within Quebec's established mining region, combined with its significant resource base and development-ready status, creates a compelling value proposition for the transition from development to production phase.