Troilus

Operator : Troilus Gold Corporation  (100%)

Sustainability : Program Overview

Acquisition Date : August 4, 2020

Acquisition Price: $7.5 Million

Terms : 1% NSR royalty

Upcoming Catalysts and Milestones

• Ongoing Expansion Drilling: 10,000m per month throughout Summer
• 2021: Regional Exploration
• H2 2021: Complete EIA
• H2 2021: Pre-Feasibility Study & Mineral Resource Update

Overview

The Troilus gold project offers a unique opportunity for a mine restart in Québec, Canada with significant existing infrastructure worth an estimated US$350 million and located within the Plan Nord region. Over 80,500 metres of drilling over the last two years has been completed on the project. Troilus has become one of the largest undeveloped gold resources in Canada and based on recent PEA results, the project shows potential to become a top-ranked gold producing asset in the country.

Recent PEA Highlights:

• After-tax IRR of 22.9% and NPV5% of $576 million based on $1,475/oz gold
• Projected gold production of 220,000 oz average per year for the first 5 years and 246,000 oz average per year for the first 14 years
• Open pit mine life of 14 years
• Total mine life of 22 years with future underground development
• Initial capital of $333 million
• Average cash operating costs of $919/oz gold and all-in sustaining costs of $1,051/oz gold
• Payable Gold of 3.8 million ounces, payable Copper of 265 million lbs and payable Silver of 1.5 million ounces
• Average strip ratio for the open pit life of the mine estimated at 3.9:1

Upside Potential:

• Southwest: New discovery in 2020: +11km mineralized trend confirmed to date
• Allongé: Future drill target