Troilus Drills 1.15 g/t AuEQ Over 37 m, Including 3.84 g/t AuEQ Over 5 m, at Connector Zone, Extending High-Grade Mineralization Within Current Mine Plan Area

About this update from Troilus Mining Corp

*1.15 g/t AuEQ (0.91 g/t Au, 3.23 g/t Ag, 0.13 % Cu), Including 3.84 g/t AuEQ (3.21 g/t Au, 9.76 g/t Ag, 0.34 % Cu) Over 5 m MONTREAL, June 16, 2026 (GLOBE NEWSWIRE) -- Troilus Mining Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX: CHXMF; FSE: CM5) is pleased to announce results from the Connector Zone (“Connector”) as part of its ongoing 2026 Exploration Program (see March 31, 2026 press release) at its Troilus Project located in north-central Quebec, Canada. The now completed Connector drill program was designed to support mine plan optimization by targeting inferred mineralization within the reserve pit areas and testing up-plunge extensions of previously identified high-grade trends between the formerly mined Z87 and J open pits. The latest results continue to demonstrate the presence of higher-grade mineralization within the Connector area and support the Company’s objective of evaluating opportunities to improve future mine planning, including potential resource conversion, pit sequencing, strip ratio optimization and early-year mill feed. Connector Intercept Highlights (see Figure 1): Justin Reid, CEO of Troilus, commented, “The Connector Zone continues to demonstrate the value of targeted drilling within and around the current reserve pit designs. This program was designed with a very specific mine-plan optimization objective: to test high-grade extensions toward surface and support the conversion of inferred material within the pit areas to the indicated category. For a large-scale 50,000 tonne-per-day operation, upgrading material that is currently classified as inferred and therefore treated as waste for reserve mine-planning purposes could be important for future sequencing, reduced strip ratio and early-year mill feed. The latest results are encouraging not only because they continue to demonstrate high grades and continuity in the Connector area, but because they are located in a part of the deposit that is planned for early-stage mining activities.” The Connector Zone has been a priority near-mine target since high-grade mineralization was first identified between the Z87 and J pits in 2022, with subsequent drilling in 2023 further demonstrating continuity along shallow high-grade structural trends. The 2026 program was designed to build on this work by targeting mineralization in areas already incorporated into the current mine plan, w...

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