Key Infrastructure in Place

• +85 km of power lines maintained by Hydro-Quebec

and high voltage 50MW substation at site

• Active mining lease (maintained from production era)

• Permitted tailings pond – reclaimed and revegetated

• +40 km of well-maintained access roads across site & river crossings with a 130t bridge; rail access in Chibougamau

• Permitted tailings facility and operating water treatment facility

• 60-person exploration camp, expanded core loggingand cutting facility and office at site

Troilus Mine History, Project Acquisition & Recent Milestones

1996-2010• Open pit mine operated by Inmet. 2Moz Au and 70kT Cu produced over the LOM.

2017• Acquisition of Troilus for $300k cash & sliding scale NSR. Company launches with $23.5M cash.

2018 • Troilus begins trading on the TSX • +36,000m drilled increased indicated mineral resources ~90%• PDA signed with Cree Nation

2019• +36,000m drilled increased indicated mineral resource estimate ~129% since 2017 • 2,500m ongoing drilling in the Southwest Zone

16,000ha property located in Quebec, Canada One of the best mining jurisdictions in the world

Large and growing mineral resources Ind: 4.71Moz AuEq @ 0.92 g/t; Inf: 1.76Moz AuEq @ 1.04 g/t

Long-term mineral growth potentialOnly 2km of a 20km trend has been significantly drilled

Extensive infrastructure inherited from former mineExpected to positively impact project economics

Clear path to a long-life open pit operation & short timeline to production

Strong stakeholder support Supportive shareholders, community, Govt and First Nations

Advancing one of the largest undeveloped gold deposits in QuebecA new life for a former gold and copper operation

TSX: TLGOTCQB: CHXMF

Corporate Fact Sheet | Q1 2020

Catherine StretchVP Corporate Affairs

Caroline ArsenaultVP Corp. Communications

Ian PritchardSVP Technical Services

Paul R. PintPresident

Justin ReidCEO & Director

Blake HylandsSVP Exploration

Denis C. ArsenaultCFO & SVP, Quebec

Shares OutstandingOptionsWarrantsCash

~69M250K

14M~C$6.3M*

Cormark Securities - Richard GrayCanaccord Genuity - Tom GalloPI Financial - Philip KerGMP Securities - Ian Parkinson

Haywood Securities - Pierre VaillancourtEchelon Wealth Partners - Ryan Walker Mackie Research - Stuart McDougallLaurentian Bank Securities - Jacques Wortman

Senior Management Team & Quebec Team

Capital Structure & Cash Analyst Coverage

Jacqueline LerouxDir. of Environment

Daniel BergeronVP Quebec Operations

Bertrand BrassardSr. Project Geologist

*As of FQ4 ending July 31, 2019; not including $ 6.2M flow through private placement as of Oct. 7, 2019.

The technical and scientific information in this fact sheet has been reviewed and approved by Bertrand Brassard, P.Geo., who is a Qualified Person as defined by National Instrument 43-101.This fact sheet contains “forward looking information” within the meaning of applicable Canadian securities legislation. Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Troilus to be materially different from those expressed or implied by such forward looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although Troilus has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. Troilus does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Troilus Gold Corp. | 400-36 Lombard St., Toronto, ON, M5C 2X3+1 (647) 276-0050 or info@troilusgold.com | www.troilusgold.comContact Us: Follow Us:

Improving understanding of geological structures is driving exploration success and resource growth.

Total Mineral Resources

Growing Mineral Resources

+72,000m drilled since 2017: Overall indicated mineral resources increased ~129%Open pit indicated mineral resources increased ~635%

52.74 Mt 1.04 g/t 1.76 Moz

Inferred Mineral Resources

Tonnes Grade(AuEq)

Contained AuEq

Indicated Mineral Resources

Tonnes Grade(AuEq)

Contained AuEq

159.06Mt 0.92 g/t 4.71 Moz

Drilling Continues to Show a Broadening Gold System2018/2019 drilling: Creating value where there was none

Extended mineralization on strike and down-dip

Targets open in all directions

Growing open-pit potential

Mineralized Zones & Exploration Target Areas

Winter Drill Program 2,500m focused on the Southwest Zone

2019 Mineral Resource Above 0.3 g/t AuEq (open pit) & above 0.9 g/t AuEq (underground)