Mr. Zachary Kotowych reports

TROUBADOUR RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Troubadour Resources Inc. has arranged a non-brokered private placement offering of up to 150 million units at a price of two cents per unit for gross proceeds of up to $3-million.

The units will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the company at an exercise price of 2.5 cents per share for a period of 24 months from the date of issuance. The company intends to use the net proceeds raised from the private placement for general corporate and administrative purposes.

The company also announced a non-brokered private placement of flow-through units for aggregate gross proceeds of up to $600,000. The FT private placement will consist of up to 24 million FT units at a price of 2.5 cents per FT unit. Each FT unit will comprise one common share of the company issued on a flow-through basis and one common share purchase warrant. Each FT warrant will entitle the holder thereof to purchase one additional common share of the company at an exercise price of 2.5 cents per share for a period of 24 months from the date of issuance.

The gross proceeds from the sale of the flow-through shares will be used by the company to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures as such terms are defined in the Income Tax Act (Canada), to be renounced to subscribers with an effective date no later than Dec. 31, 2027.

Closing of the offerings is subject to receipt of all required regulatory approvals, including acceptance of the TSX Venture Exchange. All securities issued under the offerings will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws and the policies of the TSX-V. In connection with the offerings, the company may pay finders' fees.

About Troubadour Resources Inc.

Troubadour Resources 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, the OTC Markets under the symbol TROUF, and on the Frankfurt, Berlin and Tradegate stock exchanges under the symbol 2QD0/WKN: A3DBDE.

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