Mr. Justin Reid reports

TROILUS RECEIVES FULL POWER ALLOCATION FROM HYDRO-QUEBEC AND QUEBEC'S MINISTERE DE L'ECONOMIE, DE L'INNOVATION ET DE L'ENERGIE (MEIE) TO SUPPORT MINE CONSTRUCTION AND OPERATIONS

Hydro-Quebec and Quebec's Ministere de l'Economie, de l'Innovation et de l'Energie have approved Troilus Mining Corp.'s request for a 70-megawatt power allocation to support the development and operation of its Troilus copper-gold project in north-central Quebec.

The allocation represents a major project derisking milestone and reinforces Troilus's strategic importance as one of Quebec's next large-scale critical mineral projects. The formal power request was submitted in early 2025, followed by continuous constructive engagement with Hydro-Quebec and key government stakeholders. With permitting, detailed engineering and project financing advancing in parallel, the allocation ensures that sufficient power will be available to support development as planned. Access to Quebec's low-carbon hydroelectric grid is expected to be a key contributor to the project's long-term emission reduction objectives and provides Troilus with access to reliable, competitively priced renewable energy. Power infrastructure, including 107 kilometres of 161-kilovolt high-tension power lines, is already in place and connected to a substation at the Troilus site.

Justin Reid, chief executive officer of Troilus, commented: "This confirmation from Hydro-Quebec and the MEIE marks a crucial milestone for Troilus that meaningfully advances the project's overall development readiness. Access to reliable hydroelectric power is a critical component of responsible mine development in Quebec, and this allocation reflects the advanced stage and broader strategic importance of the Troilus project within the province's industrial and critical minerals landscape.

"Troilus is positioned to become a long-life project for Quebec -- one capable of delivering meaningful economic benefits, supporting domestic copper supply and contributing to long-term regional development in Northern Quebec. Securing this allocation further strengthens the foundation of the project and derisks our path toward the next stage of development."

The Troilus project is the largest copper project currently at the permitting stage in Quebec and one of the largest undeveloped gold projects in Canada. The May, 2024, feasibility study outlined a 22-year mine life and average annual production of 303,000 gold equivalent ounces or 135.4 million pounds of copper equivalent, with peak production of 536,400 AuEq ounces. The project is expected to generate significant economic benefits for the region, including approximately 1,000 direct jobs during construction and over 680 permanent jobs during operations.

About Troilus Mining Corp.

Troilus is a Canadian development-stage mining company focused on the responsible advancement of the former gold and copper Troilus mine toward near-term production. Troilus is located in the Tier 1 mining jurisdiction of Quebec, Canada, where it holds a large land position of 435 square kilometres in the Frotet-Evans greenstone belt. A feasibility study completed in May, 2024, supports a large-scale 22-year, 50,000-tonne-per-day open-pit mining operation, positioning it as a cornerstone project in North America.

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