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Yalgoo Update – Expanded Drilling Program at Limouse

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Each unit represents one common share (“Common Share” ) and one-half of the common stock purchase warrants (for each common stock purchase warrant, “Unit WarrantsEach unit warrant will entitle the holder thereof to purchase one common share of the Company at a price of C$0.08 for a period of 24 months from the closing date, subject to accelerated expiration upon the occurrence of certain events.

Each FT Unit consists of one common share, which is Income Tax Law (Canada) and one-half of a common share purchase right (each common share purchase right is aFTwarrantEach FT Warrant will entitle the holder to purchase one common share in the capital stock of the Company at a price of C$0.12 for a period of 24 months from the closing date.

The Unit Warrants and FT Warrants may be pre-redeemed on their 24-month maturity dates if, at any time following the closing of the offering, the closing price of the Common Shares on the Canadian Securities Exchange is equal to or greater than $0.20 for five consecutive business days and the Company gives 30 days’ prior notice of pre-redemption.

The Units and FT Units will be sold to purchasers resident in Canada (excluding Quebec) and/or other eligible jurisdictions pursuant to the public issuer financing exemption under Part 5A of National Instrument 45-106. Prospectus exemption (“Listed Issuer Lending Exemption” . The securities issued pursuant to this offering will not be subject to any statutory hold periods under applicable Canadian securities laws.

The amended offer document can be accessed on our profile. Click here for details It will also be available on the Company’s website at https://trojangold.com. Prospective investors should read the amended offering document before purchasing any securities issued in connection with the offering.

The proceeds from the FT Units sold pursuant to the Offering will be used by the Company to meet cost requirements relating to the proposed exploration program on the Hermo South Property and to conduct exploration on the Paulpic/Adair-Wascana Property and the Watershed Property. The proceeds from the Units sold pursuant to the Offering will be used as general working capital and may also be used to fund further exploration.

About Trojan Gold Inc.

Trojan is an Ontario-based prospective mineral producing junior exploration company led by a team of professionals experienced in exploration, engineering, project financing and permitting. Trojan owns lands in the Hemlo Gold Camp and Shebandowan Greenstone Belt which, in management’s opinion, exhibit mineral exploration potential. More information about the company can be found at https://trojangold.com. Trojan is listed on the Canadian Securities Exchange under the symbol (CSE: TGII), on the OTC Pink Market under the ticker symbol TRJGF and on the Frankfurt Stock Exchange under the symbol KC1.

For further information, please contact:
Charles J. Elborn, President and CEO
Troy Gold Inc.
82 Richmond Street East, Suite 401
Toronto, Ontario M5C 1P1
Phone: 416-315-6490
Email: elbourne007@gmail.com
Website: https://trojangold.com

Further information

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained in this press release that are not clearly based on historical fact may be forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may,” “will,” “expect,” “likely,” “should,” “would,” “plan,” “anticipate,” “intend,” “potential,” “propose,” “estimate,” “believe,” or the negative of these terms or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will occur,” or discussions of strategy. Forward-looking information contained in this press release includes, but is not limited to, statements regarding the terms and timing of the private placement described in this press release and the expected uses of the proceeds raised from such private placement.

If the Company expresses or implies any expectations or beliefs regarding future events or results, such expectations and beliefs are based on assumptions made in good faith and believed to have a reasonable basis, including, but not limited to, that the Company will obtain all necessary approvals to complete the issuance of securities pursuant to the private placement described in this press release, that sufficient interest will be received from potential investors to complete the private placement on the terms described herein or at all, and that the Company will have the necessary resources to be able to use the proceeds raised in the private placement for exploration expenses as expected.

However, forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the future results expressed, projected or implied by the forward-looking statements, including, but not limited to, the risk that the Company may not be able to proceed with the issuance of the securities on the terms described in this press release or at all, the risk that the Company may not be able to conduct exploration activities on its current mineral properties as anticipated, and other risks described in the Company’s public disclosure records (including, but not limited to, risks faced by issuers in the mining industry generally). Click here for details.

Accordingly, undue reliance should not be placed on forward-looking statements, and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as of the date hereof and are based on management’s beliefs, estimates, expectations and opinions as of such date. The Company undertakes no obligation to publicly update or revise any forward-looking statements contained in such forward-looking statements or other documents, or to explain any material differences between subsequent actual events and such forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Readers are cautioned to consider these factors, uncertainties and potential events carefully and not to place undue reliance on the forward-looking information.

To view the source version of this press release, https://www.newsfilecorp.com/release/210478

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