Troilus Closes Strategic Sale of Non-Core Mike Lake Properties in Yukon to Prospector Metals; Retains ~20% Ownership Interest

MONTREAL, March 05, 2024 (GLOBE NEWSWIRE) — Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FSE: CM5R) (“Troilus” or the “Company”) announces it has closed its previously announced strategic divestiture of its non-core Mike Lake properties (“Mike Lake” or “Mike Lake Project”) in Yukon, Canada, to Prospector Metals Corp. (“Prospector Metals”)(see News release dated January 2, 2024). This transaction streamlines Troilus’ portfolio of properties, allowing it to focus entirely on the development of its flagship Troilus Gold Project in Quebec, while maintaining a stake in the potential success of Mike Lake under Prospector Metal’s experienced leadership.

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