Troilus Gold Corp. reported additional assay results from the Southwest Zone at its Troilus Project, located in northcentral Quebec, Canada. The Southwest Zone is located ~2.5 kilometres from the formerly mined open pits.

It was initially discovered and drilled in late 2019 and has quickly evolved into the most significant growth target on its property. The intercepts reported largely located outside of the pit shell modelled in the Preliminary Economic Assessment. The results are a combination of infill drill holes, focused on increasing drill density and upgrading the resource category from Inferred to Indicated, as well as exploration drill holes, which have confirmed mineral continuity to the southwest, identifying a down-dip extension of mineralization to the west, 300 metres below PEA pit shell.

All the results reported will be included in the mineral resource update and Pre-Feasibility Study, expected in mid-2022. As announced on April 21, 2022, Troilus reached the cut-off for drilling to be included in these studies in March in light of its targeted timeline. Southwest Zone Intercept Highlights: Hole SW-616: 2.11 g/t AuEq over 10m, including 3.60 g/t AuEq over 2m; 4.24 g/t AuEq over 3m; Infill drill hole located within the pit, focused on upgrading Inferred blocks to Indicated blocks for the upcoming PFS.

Hole SW-527: 2.42 g/t AuEq over 6m, including 12.56 g/t AuEq over 1m; 1.72 g/t AuEq over 4m, including 30.66 g/t AuEq over 1m. All intercepts located outside of the PEA pit shell. Hole SW-558: 13.64 g/t AuEq over 3m, including 29.81 g/t AuEq over 1m.

All intercepts located outside of the PEA pit shell; high-grade gold intersected 300m below the PEA pit shell to the southwest. Hole SW-531: 1.28 g/t AuEq over 14m, including 2.75 g/t AuEq over 2m. Hole located entirely outside of the PEA pit shell; confirms mineral continuity to the southwest.

Hole SW-555: 1.65 g/t AuEq over 5m, including 6.12 g/t AuEq over 1m. Located outside of the PEA pit shell; confirming mineral continuity to the southwest.