Troilus Gold Corp. reported assay results from the X22 Zone ("X22") at its Troilus Project, located in northcentral Quebec, Canada. The results herein are from the Company's drill campaign at X22, a body of mineralization identified in late 2022 that originates at the Z87 open pit and extends to the southwest into theap Zone, which has rapidly defined and expanded a high-grade NE-SW deformation corridor that characterizes the zone.

The reported drill holes have further demonstrated continuity of mineralization between the high-grade trends of this zone. The results reported represent the final set of drill holes from the X22 definition drill program and the data cut-off for inclusion in the upcoming mineral resource estimate ("MRE"). All results reported herein lie entirely outside of the PEA pit shells and will be included in the MRE, on track for completion in the coming weeks.

Zone X22 Intercept Highlights: 10.13g/t AuEq over 10m within a broader intersection of 1.80 g/t AuEq over 80m confirming mineral continuity - 300 metres from surface and remains open at depth (hole X22-23-071); 1.15g/t AuEq Over 70m, including 11m of 3.54 g/t AuEq and 6m of 2.42 g/t AuEq & 0.96 g/t AuEq Over 17m, incl. 3.23 g/t AuEq across 1m (Hole X22-23-049); 0.85 g/t AuEqover 44m including 1.79 g/t AuEq for 8m and6.65 g/t AuEq under 1m (Hole X 22-23-061); 0.86 g/t AuEq within a broader intersection of 0.89 g/t AuEQ over 9m (H Hole X22-23-048); 1.02 g/t AuEqOver 22m (Hole X22,054); 2.65 g/t Au Eq over 3m within a larger interval of 0.77 g/t AuEq in 27m (Hole X22 -064); 32.5 g/t AuEq through 1m and 12.4 g/t AuEq into 1m (Hole X 2022-23-075). The occurrence of exceptional high grades at X22 is also of note, as the zone accounts for less than 7% of total drilling executed at Troilus, but from which 60% of assay results have grades greater than 100 g/t AuEq.

All results from the recently completed drilling program at X22 have now been reported. These results will all be incorporated into an updated MRE, expected to be announced in the coming weeks, and included in a Feasibility Study, expected to be complete by the end of 2023 or early 2024. With the X22 drilling now complete, the Company has curtailed exploration activities to focus on exploration activities to focus on exploration and development activities.