File: Attachment TR_NR_Revised_Debt_Settlement_terms_01312025.pdf

Troubadour Resources Inc. TSX.V TR troubadourresources.com +1.604.968.4844

Troubadour Announces Revised Debt Settlements Terms

Vancouver, British Columbia / January 31, 2025 Troubadour Resources Inc. ("Troubadour", or the "Company") (TSXV:TR) (OTCQB:TROUF) announces revised terms to its shares-for-debt arrangements with certain non-arm's-length creditors, initially announced on August 22, 2024. Originally, the Company intended to satisfy $200,480 of outstanding debt through the issuance of up to 801,920 common shares at a deemed price of $0.25 per share. Following a decrease in the Company's share price and cash payments made to a certain Creditor in Q3, 2024, Troubadour will now satisfy $185,722 of outstanding debt through the issuance of up to 1,547,680 common shares (the "Settlement Shares") at a revised deemed price of $0.12 per share. Completion of the shares-for-debt transaction is subject to TSX Venture Exchange approval. The Settlement Shares issued under this transaction will be subject to a statutory hold period of four months and one day from the date of issuance.

About Troubadour Resources Inc. Troubadour Resources Inc. is a North American mineral acquisition and exploration company focused on the development of quality critical mineral and precious metal properties that are drill- ready with high-upside and expansion potential. Based in Vancouver, BC, Troubadour trades on the TSX Venture Exchange under the symbol TR and the OTCQB Venture Market under the symbol TROUF.

TROUBADOUR RESOURCES INC.

Chris Huggins CEO and Director

For more information, please call Chris Huggins at (604) 968-4844 or email chris@troubadourresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements: This news release may include "forward-looking information" under applicable Canadian securities legislation, including statements respecting high-upside and expansion potential, and statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the completion of the issuance of Settlement Shares to settle its debt with certain creditors. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof. Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will obtain regulatory approval for the issuance of the Settlement Shares. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the inability of the Company to obtain regulatory approval of the issuance of the Settlement Shares as anticipated, market conditions and timeliness of regulatory approvals. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward- looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

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