Mr. Chris Huggins reports

TROUBADOUR ANNOUNCES WARRANT REPRICING

Troubadour Resources Inc. intends to amend the exercise price of 10,221,000 common share purchase warrants issued as part of the company's private placement that closed on July 18, 2024. The warrants are currently exercisable at a price of 17.5 cents and expire on July 18, 2026.

Subject to the approval of the TSX Venture Exchange, the exercise price of the warrants will be repriced from 17.5 cents to 10 cents.

In accordance with the policies of the TSX-V the expiration of the warrants will be accelerated to 30 days if, for any 10 consecutive trading days, the closing price of the common shares of the company on the TSX-V is 12.5 cents or greater, with such 30-day period starting seven days after the acceleration trigger.

All other terms of the warrants will remain unchanged.

The company confirms that no insiders hold any of the warrants that are subject to the proposed repricing.

About Troubadour Resources Inc.

Troubadour 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, B.C., Troubadour trades on the TSX Venture Exchange under the symbol TR and on the OTCQB Venture Market under the symbol TROUF.

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