TROILUS RESOURCE UPDATE – TECHNICAL SESSION TSX: TLG | NOVEMBER 19, 2018
Cautionary Language and Legal Disclaimers Statements and certain information contained in this presentation and any documents incorporated by reference in this document is presented for the purpose of assisting incorporated by reference may constitute “forward -looking statements” within the shareholders in understanding the financial position, strategic priorities and objectives meaning of applicable Canadian securities legislation which may include, but is not of the Corporation for the periods referenced and such information may not be limited to, information with respect to the Corporation’s expected production from, appropriate for other purposes. and further potential of, the Corporation’s properties; the Corporation’s ability to raise additional funds; the future price of minerals, particularly gold and copper; the *Mineral resource estimates reported in this presentation are based on a National estimation of mineral resources; conclusions of economic evaluation; the realization of Instrument 43-101 compliant technical report titled “Technical Report on the Troilus mineral reserve estimates; the timing and amount of estimated future production; costs Gold-Copper Mine Mineral Resource Estimate, Quebec, Canada” completed by of production; capital expenditures; success of exploration activities; mining or Roscoe Postle Associates Inc. (“RPA”)for Pitchblack Resources, with an effective date processing issues; currency exchange rates; government regulation of mining of November 20, 2017. This document can be found on Troilus’ (formerly Pitchblack operations; and environmental risks. Often, but not always, forward-looking Resources) SEDAR profile at www.sedar.com. statements/information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, The mineral resource estimate was prepared and reviewed by Mr. Luke Evans, “anticipates”, or “believes” or variations (including negative variations) of such words Executive Vice President, Geology and Resource Estimation, Principal Geologist at and phrases, or statements that certain actions, events or results “may”, “could”, RPA. Mr. Evans is an independent Qualified Person in accordance with the “would”, “might” or “will” be taken, occur or be achieved. Forward-looking requirements of National Instrument (NI) 43-101 and has approved the scientific and statements/information is based on management’s expectations and reasonable technical disclosure herein. assumptions at the time such statements are made. Estimates regarding the anticipated timing, amount and cost of exploration and development activities are The technical and scientific information in this presentation has been reviewed and based on assumptions underlying mineral reserve and mineral resource estimates and approved by Bruno Perron, P.Geo., a Qualified Person as defined by National the realization of such estimates are set out herein. Capital and operating cost Instrument 43-101. Mr. Perron is an employee of Troilus and is not independent of the estimates are based on extensive research of the Corporation, purchase orders placed Company under National Instrument 43-101. by the Corporation to date, recent estimates of construction and mining costs and other factors that are set out herein. Forward-looking information involves known and The Mineral Resource estimates contained herein may be subject to legal, political, unknown risks, uncertainties and other factors that may cause the actual results, environmental or other risks that could materially affect the potential development of performance or achievements of the Company and/or its subsidiaries to be materially such Mineral Resources. See the Technical Report for more information with respect to different from any future results, performance or achievements expressed or implied by the key assumptions, parameters, methods and risks of determination associated with the forward-looking statements. Such factors include: uncertainties of mineral resource the foregoing. estimates; the nature of mineral exploration and mining; variations in ore grade and recovery rates; cost of operations; fluctuations in the sale prices of products; volatility of Cautionary note to U.S. investors concerning estimates of Mineral Resources gold and copper prices; exploration and development risks; liquidity concerns and future financings; risks associated with operations in foreign jurisdictions; potential These estimates have been prepared in accordance with the requirements of revocation or change in permit requirements and project approvals; competition; no Canadian securities laws, which differ from the requirements of U.S. securities laws. The guarantee of titles to explore and operate; environmental liabilities and regulatory terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” requirements; dependence on key individuals; conflicts of interests; insurance; and “inferred mineral resource” are defined in NI 43-101 and recognized by Canadian fluctuation in market value of Troilus Gold Corp’s shares; rising production costs; securities laws but are not defined terms or recognized under U.S. securities laws. U.S. equipment material and skilled technical workers; volatile current global financial investors are cautioned not to assume that any part or all of mineral deposits in these conditions; and currency fluctuations; and other risks pertaining to the mining industry. categories will ever be upgraded to mineral reserves. “Inferred mineral resources” have Although Troilus Gold Corp has attempted to identify important factors that could a great amount of uncertainty as to their existence, and great uncertainty as to their cause actual actions, events or results to differ materially from those described in economic and legal feasibility. It cannot be assumed that all or any part of an “inferred forward-looking statements, there may be other factors that cause actions, events or mineral resource” will ever be upgraded to a higher category. Under Canadian results to differ from those anticipated, estimated or intended. Forward-looking securities laws, estimates of “inferred mineral resources” may not form the basis of information contained herein or incorporated by reference are made as of the date of feasibility or pre-feasibility studies. U.S. investors are cautioned not to assume that all or this presentation or as of the date of the documents incorporated by reference, as the any part of an inferred mineral resource exists or is economically or legally mineable. case may be, and Troilus Gold Corp does not undertake to update any such forward- Accordingly, these mineral resource estimates and related information may not be looking information, except in accordance with applicable securities laws. There can comparable to similar information made public by U.S. companies subject to the be no assurance that forward-looking information will prove to be accurate, as actual reporting and disclosure requirements under the U.S. federal securities laws and the results and future events could differ materially from those anticipated in such rules and regulations thereunder. information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained or 2
A Solid Footing Moving Into 2019 Established a track record of success in 2018 “In ten short months, we have outlined what could be one of Quebec’s most significant gold development assets,” said Justin Reid, CEO of Troilus Gold Corp. “Our investors will continue to benefit from our low discovery costs, mine development expertise and support from our local communities. This resource is the cornerstone upon which we will grow and build the future of Troilus. ” 3
Key Technical Milestones Setting the foundation Signed Pre-Development Exercise option with FM Agreement with Cree Nation of Mistissini Regional Opened office in exploration 2019 Exploration plan Chibougamau Open office in Mistissini commences update May January 2019 February August November April June September December 2018 Drill Program 2019 Planned 2018 Drill Program Resource delivered to Completed 50 commences Completed market Drill Program person exploration Commences camp First results released to public Z87 Waste Material Prospecting Technical Team 4
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