Troilus Gold Corporation
2023  Troilus ESG Report
Published on  July 16, 2024
Troilus is a feasibility-stage Canadian mining company focused on the systematic advancement and de-risking of the former gold and copper Troilus Mine towards production. The 435 km² Troilus property is located in the top-rated mining jurisdiction of Quebec, Canada, within the prospective Frôtet-Evans Greenstone Belt.
Disclaimer and Forward Looking Statements
Company Profile
Organizational Profile
Name Troilus Gold Corporation
Describe nature of activities, brands, products and services Troilus Gold Corp. is a Canadian development-
stage mining company dedicated to the
systematic advancement of the former Troilus
gold and copper mine towards a mine-restart.
Located in the tier-one mining jurisdiction of
Quebec, Canada, Troilus holds a large land
position of 435 km² within the Frôtet-Evans
Greenstone Belt. A Feasibility Study completed
in May 2024 supports a generational scale 22-
year, 50ktpd open-pit mining operation,
projecting average annual production of
303,000 oz of gold equivalent (or 135.4 million
lbs of copper equivalent)*. The Troilus Project
ranks among Canada’s largest undeveloped
gold-copper assets .
Link to Corporate Website https://www.troilusgold.com/
Industry Classification NAICS:
21222 Gold and silver ore mining
Market Capitalization $0-$100Million USD
Type of Operations Exclusively non-producing operations
Company Headquarters Montreal, Canada
ESG Accountability
Role and Name of highest authority within company for Environment, Social and Governance strategy, programs and performance Catherine Stretch, VP Corporate Affairs
Catherine Stretch, VP of Corporate Affairs is
tasked with overseeing ESG practices and
reports directly to the CEO. Ms. Stretch
informs the ESG Committee on ESG issues
pertaining to the company on a quarterly basis;
in turn, the ESG Committee reports to the
Board of Directors.
GRI Reporting Requirements
Choose the statement as to how the organization has aligned their reporting utilizing GRI Standards The organization has reported with reference
to the GRI Standards for the period defined
below
IFRS Sustainability Disclosure Standards Reporting Requirements
Choose the statement of compliance The organization has not fully complied with all
IFRS Sustainability Disclosure Standards
ESG Reporting Period
Unless otherwise noted, all data contained in this report covers the following period
From 2023-01-01
To 2023-12-31
External Assurance
Describe your company's policy and practice for seeking external assurance, including whether and how the highest governance body and senior executives are involved The Company self reports on its ESG activities
and does not currently have external
validation.  Data is collected by senior
management for compilation into the annual
ESG Scorecard and Annual Sustainability
Report which are approved by the Board of
Directors and published on the Company's
website.  The Company does have the
ECOLOGO certification from the Quebec
Mineral Exploration Association which requires
a third-party audit every three years.
Has the report been externally assured No
Financial Reporting Period
Does the financial reporting period align with the sustainability reporting period (eg. calendar vs fiscal) No
Specify the reporting period for its financial reporting
From 2023-07-31
To 2024-07-31
If financial reporting period does not align with the period for its sustainability reporting, explain the reason for this The financial reporting period for Troilus does
not follow the calendar year.  However, Troilus
reports on Sustainability on the calendar year
as such the majority of our regulatory reporting
on environment and social issues follows the
calendar year.
Geographic Scope of Report
Unless otherwise noted, the data in this report covers sustainability matters related to the following locations of operations Canada
Identify notable exclusions of the geographical and/or business scope of the report, and reference of any existing or planned reports that do or will address these (e.g., assets recently divested or acquired, non-managed joint ventures, specific exploration activities, recently closed sites, etc.) None
Reporting Practice
Provide the full contact details (name, title, address, email and/or phone number) for an individual responsible to address questions regarding the report or its contents Catherine Stretch, VP Corporate Affairs
catherine.stretch@troilusgold.com
Currency
Unless otherwise noted, all financial figures referenced in this report are in the following currency CAD
Membership of Associations
List of the industry associations, other membership associations, and national or international advocacy organizations in which the organisation participates in a significant role, as well as any economic, environmental, and social charters, principles, or other programmes that the organisation subscribes to or supports, such as the United Nations Global Compact (UNGC), etc. UN Global Compact
ECOLOGO
AEMQ
Scale of the Organization
Describe how the organization defines its "Operation" Troilus has a single operation which is an
exploration and development site in Northern
Quebec which was formerly an operating mine
(1996-2010).  Activities at the site are focused
on exploration and development and there is no
production.  Occupancy at site ranges from 25-
65 people who are housed in a temporary camp
facility.  The camp is connected to the
hydroelectric grid.  The camp is accessible by
road.  Troilus has offices in Toronto, Montreal,
Chibougamau and a community liaison office in
Mistissini.
Report the total number of operations 1
Report the quantity of products or services provided during the reporting period and provide description (e.g. number of units produced, amount of primary commodity produced, number of services provided, etc.) No production
Fragile and Conflict-Affected Situations
Identify all of the entity's countries of operations that align with the World Bank's list of "Fragile and Conflict-Affected Situations" None
Mineral Resource Types in Scope
Which of the following mineral resource types are covered by this report
   •  Inferred
   •  Indicated
Mineral Reserve Types in Scope
Which of the following mineral reserve types are covered by this report None
Strategy
Link to company's statements of: Purpose, Vision, Mission and Values; Sustainability/ESG strategy (URL) https://troilusgold.
com/sustainability/overview/
Provide a statement from the highest governance body or most senior executive of the organization (i.e., CEO, chair, or equivalent senior position) about the relevance of sustainable development to the organization and its strategy for contributing to sustainable development. (CEO's message for this report) Please see the attached statement from our
CEO.
Sustainability at Troilus Gold Corp.
Statement from the CEO
Justin Reid, CEO
Material Topics
Governance of Material Topics
Describe the process followed to determine the organization's material topics, including:
How did the organization identify the material topics
   •  Economic impact assessment
   •  Environmental impact assessment
   •  Social impact assessment
   •  Civil society organizations
How did the organization prioritize the impacts based on their significance As an exploration & development stage project
in Northern Quebec, we have prioritized
environment (current footprint, permitting and
future planning for mine restart), engagement
with First Nations and local communities, GHG
emission (planning for a future carbon neutral
operation), health & safety, local procurement,
infrastructure, diversity and governance.
Specify the stakeholders and experts whose views have informed the process of determining its material topics and provide details
   •  Employees and other workers
   •  Governments
   •  Local communities
   •  Shareholders and other capital providers
List the organization's material topics
   •  Anti-corruption
   •  Biodiversity
   •  Child Labor
   •  Communications
   •  Compliance
   •  Diversity and Equal Opportunity
   •  Emergency Preparedness
   •  Emissions
   •  Employment
   •  Energy
   •  Environmental Assessment
   •  Equal Remuneration for Women and Men
   •  Forced or Compulsory Labor
   •  Freedom of Association and Collective
Bargaining
   •  Indigenous Rights
   •  Indirect Economic Impacts
   •  Labor Practices
   •  Local Communities
   •  Non-discrimination
   •  Occupational Health and Safety
   •  Overall environmental
   •  Permitting
   •  Procurement Practices
   •  Training and Education
   •  Water
List the organization's non-material topics
   •  Economic Performance
   •  Market Presence
   •  Materials
   •  Effluents and Waste
   •  Products and Services
   •  Transport
   •  Supplier
   •  Environmental Grievances
   •  Labor/Management Relations
   •  Supplier Assessment for Labor Practices
   •  Grievance Mechanisms
   •  Human Rights Investment
   •  Security Practices
   •  Supplier Human Rights Assessment
   •  Human Rights Grievance Mechanisms
   •  Public Policy
   •  Anti-competitive Behavior
   •  Supplier Assessment for Impacts on Society
   •  Grievance Mechanisms for Impacts on
Society
   •  Artisanal and Small-scale mining
   •  Resettlement
   •  Closure Planning
   •  Customer Health and Safety
   •  Product and Service Labeling
   •  Marketing
   •  Customer Privacy
   •  Materials Stewardship
Provide reasons for considering such topics not material, provide details Not applicable
Troilus is not in production, has no revenues, no
customers, no waste generated, no
suppliers.  Operating in northern Canada,
concerns such as artisanal mining, child labour,
forced labour, human rights abuses are not an
issue and are strictly governed by Canadian
law.  At Troilus our focus is on the health and
safety of our employees at site, engagement
with local communities, environmental
permitting and planning for a sustainable future
mine site.
Report changes to the list of material topics compared to the previous reporting period No changes this reporting period.
For the top 5 material topics, the reporting organization shall report the following information:
Topic #1 Water
An explanation of why the topic is material; describe the actual and potential, negative and positive impacts on the economy, environment, and people, including impacts on their human rights Since Troilus is at the development stage,
understanding and addressing potential future
impacts regarding water is a top
priority.  Troilus has actively engaged with
stakeholders to ensure that design and
engineering decisions for the future mine site
address concerns regarding the surrounding
watershed.  Indigenous stakeholders consider
water a priority issue and have been consulted
for their input, knowledge and advice on
ensuring water quality in the future and a site
layout that respects the local environment.
Where the impacts occur The impacts occur at the Troilus site in
northern Quebec.
Topic #2 Environmental Assessment
An explanation of why the topic is material; describe the actual and potential, negative and positive impacts on the economy, environment, and people, including impacts on their human rights Troilus is currently in the midst of the
Environmental and Social Impact Assessment
which will be submitted to the provincial and
federal governments for consideration.  Once
the ESIA is approved the permits will be
granted to move forward with construction and
eventual production.  As such, Environmental
Assessment is a key area of focus for the
Company and successful completion will result
in a license to operate - environmentally and
socially.
Where the impacts occur Northern Quebec, Canada
Topic #3 Permitting
An explanation of why the topic is material; describe the actual and potential, negative and positive impacts on the economy, environment, and people, including impacts on their human rights Troilus is currently completing the ESIA for the
project.  Acceptance of the ESIA will result in
permits being granted to move forward with
the mine development so Permitting is a
primary focus for the Company right now.
Where the impacts occur Northern Quebec, Canada
Topic #4 Indigenous Rights
An explanation of why the topic is material; describe the actual and potential, negative and positive impacts on the economy, environment, and people, including impacts on their human rights The Troilus site is located on Category 3
indigenous lands.  Indigenous people have
certain rights and responsibilities.  Troilus
works closely with the local indigenous
population, enjoys a good relationship and
consults often with local indigenous
families.  Securing social acceptance from the
local indigenous population is key to the
ongoing development of the Troilus mine.
Where the impacts occur Northern Quebec, Canada
Topic #5 Local Communities
An explanation of why the topic is material; describe the actual and potential, negative and positive impacts on the economy, environment, and people, including impacts on their human rights Troilus is located in a remote region (175 km by
gravel road to the closest town).  Local
communities are and will be an integral part of
the Company's success providing labour and
supplies and the Company will become a
significant employer, potentially changing the
local populations.  As such, the Company
engages in ongoing engagement with local
communities and is committed to being a long
term corporate neighbour that contributes to
the livelihoods and well being of local
communities.
Where the impacts occur Northern Quebec, Canada
Supply Chain
Provide a description of the organization’s supply chain, including the types of suppliers (e.g., equipment, consumables, logistics, brokers, contractors, wholesalers, etc.) Troilus is not in production, does not generate
any revenue, or sell any goods or services. The
majority of the Company's suppliers provide
services to support the Company's activities
around mineral exploration and development
which includes exploration & drilling activity in
the field and support for the operation of a 65
bed camp, engineering consultancy work, and
corporate services such as communications and
investor relations.  Physical goods are supplied
to support the work activity at the mining site -
such as food, vehicles, and fuel.  
Total estimated number of suppliers throughout its supply chain and in each tier (e.g., first tier, second tier) 15
Estimated number of first tier suppliers 15
Estimated number of second tier suppliers 0
Estimated number of third tier suppliers 0
The types of activities related to the organization’s products and services carried out by its suppliers (e.g., manufacturing, providing consulting services)
   •  Consultancy Services
   •  Food and hospitality
   •  IT Services
   •  Mobile Equipment
The Company does not have any products or
services.  It is an exploration and development
stage mining company.  There is no revenue and
no production or goods or services.  "Suppliers"
provide goods and services to the Company to
support the operation of a 65 person
exploration camp in Northern Quebec (fuel,
vehicles, food, kitchen & janitorial
services).  The Company also uses the services
of external technical consultants to develop the
design & engineering of the future mine site,
compile the ESIA, assist with communications
and investor relations.  
What is the nature of its business relationships with its suppliers
   •  Contractual
   •  Non-contractual
   •  Project-based
   •  Short-term
The sector-specific characteristics of its supply chain Labour-intensive
The estimated monetary value of payments made to all suppliers ($Millions) 31.200
The geographic location of its suppliers
   •  Canada
   •  United States of America
Environment
Climate Change - Stewardship
Strategy
Have climate-related risks and opportunities influenced your organization’s strategy and/or financial planning Yes
Since Troilus is still at the development stage,
we view planning for climate-risk as an
opportunity.  Troilus has access to low cost,
sustainable hydroelectric power and we are
incorporating increased utilization of this
energy source into our mine design and
planning to minimize the carbon footprint of
the future mining operation as much as
possible.

In 2023, operations at the Troilus site had to be
suspended for 7 weeks due to the impacts of
forest fires in northern Quebec.  Although
there was no damage at the Troilus site, access
to the electrical grid was compromised and
smoke from fires in the region made it unsafe to
continue work.  It is anticipated that forest fires
will continue to occur and have the potential to
impact future operations.
Does your organization have a process for identifying, assessing, and responding to climate-related risks and opportunities Yes
As Troilus is still in the exploration and
development stage, climate-related risks and
opportunities are not significant.  The
Company's focus with regard to climate-related
risks and opportunities is to design a future
mining operation that takes these into
account.  The Company believes that decisions
it makes now regarding the design of the mine
site can have a significant impact on the
operation's climate impact.
Risk Assessments
Have you identified any inherent climate-related risks with the potential to have a substantive financial or strategic impact on your business Yes
Risk 1 - Provide details of the most material (financial or strategic) climate-related risks to your operations:
Where in the value chain does the risk driver occur Direct operations
Risk classification Acute Physical - Increased likelihood and
severity of wildfires
Time horizon of risk Long-term
Likelihood of impact Likely
Magnitude of impact Unknown
The financial implications of the risk before action is taken ($ Millions) 0
Explain your financial estimates of impact The Troilus mine site is located in northern
Quebec.  With rising global temperatures,
summer wildfires have become an increasing
risk and are expected to happen from time to
time although the frequency is unpredictable
and will depend on weather patterns.  
At the Company's current state of
development, wildfires could cause a
temporary shutdown of operations to ensure
the health and safety of staff.  As Troilus does
not have any production as yet, there would be
no impact on revenues but this could be a
factor in the future.
Primary potential financial impact Increased indirect (operating) costs
The methods used to manage the risk Other, please specify
This risk is managed through engagement with
regional authorities and local communities and
practicing emergency preparedness.
If the reporting organization does not have a system in place to calculate the financial implications or costs, or to make revenue projections, please report its plans and timeline to develop the necessary systems to do so Temporary suspension of activities at
site.  Financial cost would be minimal since the
company is not yet in production and does not
generate revenue.  The cost is the delay of work
in advancing to relevant technical milestones
since drilling and exploration cannot take place
when there is a risk from wildfires.
Opportunity Assessments
Have you identified any climate-related opportunities with the potential to have a substantive financial or strategic impact on your business Yes
Opportunity 1 - Provide details of the most material (financial or strategic) climate-related opportunities to your operations:
Where in the value chain does the opportunity driver occur Direct operations
Opportunity type and classification Energy source: Use of new technologies
Opportunity time horizon Long-term
Opportunity likelihood Very likely
Magnitude of impact Medium
Explain your financial estimates of impact The mineral deposit at the Troilus mine
includes copper, a strategic metal necessary for
the energy transition.  Estimated revenue will
depend on copper pricing at the time of
production.  During its previous operation from
1996 to 2010, the Troilus mine produced
70,000 tonnes of copper. Over the projected 22
year mine life, Troilus expects to produce 17.3
million lbs of copper annually.
Primary potential financial impact driver Increased revenues resulting from increased
demand for products and services
The methods used to manage the opportunity Not Applicable
The costs of actions taken to manage the opportunity ($ Millions) 0
If the reporting organization does not have a system in place to calculate the financial implications or costs, or to make revenue projections, it shall report its plans and timeline to develop the necessary systems to do so The mineral resource at the Troilus site is gold
and copper.  Copper is considered a key mineral
in the drive to develop renewable energy
technologies.  As the energy transition
continues to unfold, new sources of copper
supply are expected to become increasingly
valued.  The current mineral resource estimate
indicates that once in production the Troilus
mine would be the biggest copper producer in
Quebec and one of the biggest in
Canada.  Engineering and design for the future
mine operation is currently underway which
will include maximizing copper extraction.
Greenhouse Gas Emissions
Scope 1
Disclose the entity's absolute gross greenhouse gas (GHGs) emissions generated during the reporting period, expressed as metric tonnes of CO2 equivalent (tonne CO₂-e)
Fuel related (CH₄) (tonne) 0.038
Fuel related (N₂O) (tonne) 0.007
Carbon dioxide (CO₂) (tonne CO₂-e) 970.768
Methane (CH₄) (tonne CO₂-e) 0.950
Nitrous oxide (N₂O) (tonne CO₂-e) 2.086
Hydrofluorocarbon-23 (CHF₃) (tonne CO₂-e) 0.000
Hydrofluorocarbon-32 (CH₂F₂) (tonne CO₂-e) 0.000
Sulphur hexafluoride (SF₆) (tonne CO₂-e) 0.000
Nitrogen trifluoride (NF₃) (tonne CO₂-e) 0.000
Perfluoro methane (CF₄) (tonne CO₂-e) 0.000
Perfluoro ethane (C₂F₆) (tonne CO₂-e) 0.000
Perfluoro butane (C₄F₁₀) (tonne CO₂-e) 0.000
Perfluoro hexane (C₆F₁₄) (tonne CO₂-e) 0.000
The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonne) 973.804
The percentage of its gross global Scope 1 GHG emissions that are covered under an emissions-limiting regulation or program that is intended to directly limit or reduce emissions, such as cap-and-trade schemes, carbon tax/fee systems, and other emissions control (e.g., command-and-control approach) and permit-based mechanisms 100.0000%
Discuss any change in its Scope 1 emissions from the previous reporting period, including whether the change was due to emissions reductions, divestment, acquisition, mergers, changes in output, and/or changes in calculation methodology (i.e. any changes the entity made to the measurement approach, inputs and assumptions during the reporting period and the reasons for those changes, if any) GHG emissions more than doubled in 2023, a
direct impact of the forest fires that occurred in
Northern Quebec during the summer.  Typically
Troilus gets the majority of its energy from the
electrical grid which  is derived from
hydroelectric sources.  Forest fires throughout
the region during the summer months caused
major damage to the hydroelectric lines and
grid electricity was cut off until the lines were
finally repaired in November.  As a result,
Troilus had to rely on back up generators for
power and heating at site, which run on diesel.  
In the case that current reporting of GHG emissions to the CDP or other entity (e.g., a national regulatory disclosure program) differs in terms of the scope and consolidation approach used, describe the differences and provide those reported emissions. Troilus does not report GHG emissions to any
external entities at this time.
The entity may discuss the calculation methodology for its emissions disclosure, such as if data are from continuous emissions monitoring systems (CEMS), engineering calculations, or mass balance calculations Not applicable
The entity may, where relevant, provide a breakdown of its emissions per resource produced or business unit Emissions reported are all generated at the
Troilus site.
Discuss short-term, medium-term and long-term strategy or plan to manage its Scope 1 greenhouse gas (GHG) emissions The majority of energy used to operate the
Troilus site comes from renewable sources
(hydroelectricity in Northern Quebec).  Troilus
currently generates Scope 1 GHG emissions
from the use of gasoline used for vehicle
transport, diesel used in generators and drilling
at site, and propane used for heating the camp
facilities.  

As it plans for a production restart, Troilus is
working on plans to develop alternative
sources of sustainable energy (wind) to
supplement the grid electricity.  
Please discuss reduction emissions target(s) (if any) for Scope 1 in your company, and analyse the performance against the target(s) None at present.  Will be developed in future
once the Company is in production.  GHG
emissions are currently negligible.  
If relevant, what is the scope of the emission reduction target (e.g., the percentage of total emissions the target is applicable to) The Company does not currently have an
emission reduction target.  GHG emissions are
currently negligible given the stage of
development.  
Scope 2
If company specific calculations are not available, disclose the gross location-based energy indirect (Scope 2) global greenhouse gas (GHG) emissions to the atmosphere (tonne CO₂-e):
Does the company purchase externally supplied energy (grid electricity) Yes
Report the total electricity purchased from external suppliers for the reporting year in gigajoules (GJ) 9,134.000
In what jurisdiction is the source of energy (utility) located Canada
Conversion factor (see Guidance): 0.001
Total amount of Scope 2 GHG emissions from purchased electricity (CO₂-e) (tonne) 2.537
Does the company purchase externally supplied heat No
Does the company purchase externally supplied steam No
Does the company purchase externally supplied cooling No
The total amount of gross global Scope 2 GHG emissions (CO₂-e) (tonne) 2.537
Total amount of Scope 2 GHG emissions (CO₂-e) that are covered under emissions-limiting regulations (tonne) for the jurisdiction in which the company is working. 2.537
Percentage of its gross global Scope 2 GHG emissions that are covered under an emissions-limiting regulation or program that is intended to directly limit or reduce emissions, i.e., cap-and-trade schemes, carbon tax/fee systems, and other emissions control (e.g., command-and-control approach) and permit-based mechanisms 100.0000%
Discuss long-term and short-term strategy or plan to manage Scope 2 emissions, emissions reduction targets, and an analysis of performance against those targets The Company is connected to the Hydro-
Quebec grid whose electricity is derived from
renewable sources.  Once in production, Scope
2 emissions are expected to increase but since
all Scope 2 emissions are derived from hydro
the impact is expected to be minimal.
Please discuss reduction emissions target(s) for Scope 2 (if any) in your company, and analyse the performance against the target(s) The Company does not currently have
reduction emission targets for Scope
2.  Currently all Scope 2 is derived from hydro-
electric sources.
Scope 3
Is the Organization disclosing gross "other indirect" global Scope 3 greenhouse gas (GHG) emissions to the atmosphere of the seven GHGs covered under the Kyoto Protocol (tonne CO₂-e)? These emissions are not included in Scope 2 and occur outside of the organization including both upstream and downstream emissions, e.g., transporting fuel to market, or transporting fuel to the plant or site to create your product, or transporting your product to market No
Air Emissions
Report emissions of air pollutants that are released into the atmosphere
Emissions of carbon monoxide, reported as CO (tonne) 0.000
Emissions of oxides of nitrogen (NOx), reported as NOx (tonne) 0.000
Emissions of oxides of sulphur (SOx), reported as SOx (tonne) 0.000
Emissions of Particulate Matter 10 micrometres or less in diameter (PM₁₀), reported as PM₁₀ (tonne) 0.000
Emissions of lead and lead compounds, reported as Pb (tonne) 0.000
Emissions of mercury and mercury compounds, reported as Hg (tonne) 0.000
Emissions of non-methane Volatile Organic Compounds (VOCs) (tonne) 0.000
Energy
Energy Consumption
Total energy consumption within the organization 22,704.000
Report the energy owned and controlled by the organization consumed in gigajoules for the following 22,704.000
Electricity purchased/generated for consumption (gigajoules, GJ) 9,134.000
Heating purchased/generated for consumption (gigajoules, GJ) 0.000
Cooling purchased/generated for consumption (gigajoules, GJ) 0.000
Steam purchased/generated for consumption (gigajoules, GJ) 0.000
Non-renewable fuel consumed (gigajoules, GJ) 13,570.000
Renewable fuel consumed (gigajoules, GJ) 0.000
Report energy owned and controlled by the organization sold in gigajoules and report the totals for each 0.000
Electricity sold (gigajoules, GJ) 0.000
Heating sold (gigajoules, GJ) 0.000
Cooling sold (gigajoules, GJ) 0.000
Steam sold (gigajoules, GJ) 0.000
Report the standards, methodologies, assumptions, conversion factors and/or calculation tools used Electricity purchased was calculated from
invoices from the hydroelectric utility.  Non-
renewable fuel consumption was calculated by
adding up all fuel purchases - gas, diesel,
propane, fuel oil - and converting to GJ.
Energy Management
Total energy consumed in aggregate, in gigajoules (GJ) (hydrocarbons and electricity) including the fuel types used (e.g., biomass, hydro-electric power or bioenergy) 22,704.000
Percentage energy consumed that was supplied by grid electricity 40.2308%
Percentage of energy consumed that is renewable energy (does not include purchased grid-mix) 40.2308%
Typically, the majority of energy consumed at
Troilus is derived from hydro-electric
sources.  Unfortunately in 2023, massive forest
fires across the region necessitated closing the
exploration camp for 7 weeks during the
summer due to evacuation and air quality
risks.  Once a return to site was permitted, the
Company had to rely on backup diesel
generators to provide electricity to the camp
because the transmission lines throughout the
region suffered extensive damage throughout
the region.  The lines took months to repair so
Troilus was able to return to hydroelectric
power in November of 2023.  Barring similar
circumstances (a hot dry summer and more
forest fires), Troilus anticipates the amount of
energy consumed from renewable sources will
be significantly higher and in keeping with prior
years.
Water Management - Stewardship
Quality and Quantity Dependency
Rate the importance (current and future) of freshwater quality and quantity to the success of your business
Direct use importance rating Not very important
The Troilus site has an abundance of
freshwater available for current and future
operations.  As such, freshwater quality and
quantity are not considered important factors
to the success of the business.
Indirect use importance rating Not very important
Rate the importance (current and future) of sufficient quantity of recycled, brackish and/or produced water for the success of your business
Direct use importance rating Not important at all
Indirect use importance rating Not important at all
Risk Assessments
Does your organization undertake a water-related risk assessment Yes, water-related risks are assessed
Have you identified any inherent water-related risks with the potential to have a substantive financial or strategic impact on operations No
Opportunity Assessments
Have you identified any water-related opportunities with the potential to have a substantive financial or strategic impact on your business No
Water scarcity or supply is not an issue for
Troilus.  However, ensuring the highest
standards of water management is a top
priority.  Troilus is located in a remote area of
northern Quebec.  The location of the mine site
is on traditional indigenous lands that are used
by indigenous families for hunting and
fishing.  The area also hosts flora and
fauna.  Troilus works closely in consultation
with indigenous families to ensure that any
future mining operations will not adversely
impact water quality in the region.
Responsibility
Provide the highest management-level position(s) or committee(s) with responsibility for water-related issues Sustainability Committee
Policy
Does your organization have a documented water policy No, but we plan to develop one within the next
2 years
Reporting
Frequency of reporting to the board on water-related issues Quarterly
Incentives
Do you provide incentives to C-suite employees or board members for the management of water-related issues No, not currently but we plan to introduce
them in the next two years
Strategy
Are water-related issues integrated into any aspects of your long-term strategic business plan Yes, water-related issues are integrated
If water-related issues are integrated into any aspects of your long-term strategic business plan, please describe further The two formerly mined pits at site are full of
water from years of rain accumulation and
snow melt.  Troilus has been granted a permit
to commence dewatering of the pits as part of
its exploration activities.  To date, water has
only been moved from the smaller pit (which
was threatening to overflow) to the larger pit.
In 2024, the Company plans to begin removing
water from the smaller pit, treating it and
releasing it into the environment.  This will
facilitate exploration at the bottom of the pits
once they are empty. In the future, the pits will
need to be entirely dewatered as the mineral
resources are found beneath and around the
existing pits.  Troilus tests the water in the pits
regularly and has done extensive planning and
consultations regarding the flow and dispersal
of the water to be removed from the pits,
including with the indigenous land users.  

As part of its long term strategic planning,
water management issues are being considered
and incorporated into the design of the future
mine to minimize environmental impacts
including diversion of water, run off from waste
pails, treatment of water from the tailings
facility, and recycling of water.  Water
management is a major issue of focus for the
indigenous peoples impacted by the mine site
so their guidance and input is being
incorporated into the design.
If water-related issues are integrated into any aspects of your long-term strategic business plan, identify the associated long-term time horizon 21-30 years
Water
Reuse and recycle
Total volume of water that has been used in an operational task and is recovered and used again in an operational task, either without treatment (reuse) or with treatment (recycle) (megalitres) 159.000
Water Management
Disclose the amount of freshwater water that was consumed in its operations (in thousands of cubic meters) 169.000
Analyse and list all operations for water risks and identify activities that withdraw and consume water in locations with High (40–80%) or Extremely High (>80%) Baseline Water Stress as classified by the World Resources Institute’s (WRI) Water Risk Atlas tool, Aqueduct Troilus has no areas of High or Extremely High
Baseline Water Stress.  
Water is consumed for drilling, industrial use in
the core shack and for sanitation at camp (65
people).
Disclose the freshwater withdrawn in locations with High or Extremely High Baseline Water Stress as a percentage of the total water withdrawn 0.0000%
Disclose water withdrawn in locations with High or Extremely High Baseline Water Stress (in thousands of cubic meters) 0.000
Disclose freshwater consumed in locations with High or Extremely High Baseline Water Stress as a percentage of the total water consumed 0.0000%
Total water consumed in locations with high or extremely high baseline water stress (in thousands of cubic meters) 0.000
Was your organization subject to any fines, enforcement orders, and/or other penalties for water-related regulatory violations No
Total number of incidents of non-compliance associated with water quality permits, standards, and regulations, including violations of a technology-based standard and exceedances of quality-based standards (note: only those that resulted in a formal enforcement action(s)) 0
Violations - continuous discharges, limitations, standards, and prohibitions that are generally expressed as maximum daily, weekly average, and monthly average (regardless of their measurement methodology or frequency) 0
Violations - non-continuous discharges and limitations that are generally expressed in terms of frequency, total mass, maximum rate of discharge, and mass or concentration of specified pollutants (regardless of their measurement methodology or frequency) 0
Violations - other, please specify 0
Water and Effluents
Water Withdrawal by Segment
Total water withdrawn by segment, in megalitres (ML) 169.000
Surface water (total in ML) 169.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 169.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Groundwater (total in ML) 0.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Seawater (total in ML) 0.000
Produced water (total in ML) 0.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Third-party water (total in ML) 0.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Report on the total water withdrawal from all areas with water stress in megalitres (ML), and a breakdown of this total by the following sources 0.000
Surface water (total in ML) 0.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Groundwater (total in ML) 0.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Seawater (total in ML) 0.000
Produced water (total in ML) 0.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Third-party water, in megalitres (ML), and a breakdown of this total by the withdrawal sources 0.000
Surface water source Not applicable
Surface water 0.000
Groundwater source Not applicable
Groundwater 0.000
Seawater source 0
Seawater 0.000
Produced water source Not applicable
Produced water 0.000
Waste Management
Tailings Storage Facilities Management
Does your company manage Tailings Storage Facilities Yes
Provide an inventory of all tailings storage facilities (TSFs)
TSF #1: (1) Facility name Troilus Mine
Permitted Tailings Facility
TSF #1: (2) Location Canada
TSF #1: (3) Ownership status Wholly owned
TSF #1: (4) Operational status Closed
TSF #1: (5) Construction method Upstream
The existing tailings facility used for the mine
during its previous operation was Upstream
construction. A future operation envisions a
Centerline construction.
TSF #1: (8) Consequence classification Low
TSF #1: (10) Material findings No
TSF #1: (11) Mitigation measures The tailings facility has been closed since the
previous operation closed in 2010.  The area
has been revegetated.  Water from the tailings
is monitored and treated as required before
release into the natural environment.
TSF #1: (12) Site-specific EPRP Yes
Disclose the approach to the development of Emergency Preparedness and Response Plans (EPRPs) Troilus is a closed mine site but also in the
exploration and development stage pending a
potential restart of the mine.  Camp facilities
typically house 25-65 occupants who are
engaged in exploration and development
activities.  Troilus maintains an Emergency
Preparedness Response Plan to ensure the
health and safety of employees and external
contractors at site.
Disclose the company's approach to engagement concerning Emergency Preparedness and Response Plans (EPRPs) at tailings storage facilities, including the preparedness of local stakeholders The Company meets regularly with the local
stakeholders to review the closure status of the
tailings facility.  Staff at site are trained on
emergency preparedness and response.
Innovation
Spending on Research, Development, and Technologies for waste management compliance and improvement ($Millions) 1481176
Describe nature of spending on Research, Development and Technologies for waste management compliance and improvement In 2023, Troilus had expenditures for the
design of the future tailings facility that will be
used once the mine is restarted.  The focus of
the expenditures has been to develop a tailings
facility that will be safe, long-lasting, and have a
minimal environmental footprint.  Troilus also
had research expenditures for programs to
better understand and manage future waste
rock.  These studies will have an impact on
water quality in the future.
Biodiversity
Management Plan
Describe the environmental and biodiversity management plan(s) implemented at active sites In addition to complying with conditions of
permits granted by provincial regulators for
drilling and other activities, Troilus complies
with the policies and procedures around
environmental and biodiversity management
prescribed by the ECOLOGO certification.  This
includes practices such as pre-work inspection
to confirm the presence of any endangered or
invasive species before work begins,
maintaining set distances from any waterways
or sensitive areas, inspections during and after
work to confirm no environmental risks,
etcetera.
Ecologo Policies and Procedures
1.1 Lifecycle stages to which the plan(s) apply
   •  Exploration and appraisal
   •  Site development
1.2 The topics addressed by the plan(s)
   •  Discharges to water
   •  Ecological and biodiversity impacts
   •  Natural resource consumption
   •  Waste generation
1.3 The underlying references for its plan(s), including whether they are codes, guidelines, standards, or regulations; whether they were developed by the entity, an industry organization, a third-party organization (e.g., a non-governmental organization, a governmental agency, or some combination of these groups) The Quebec Fauna Ministry (MFFP - Ministère
de la Forêt, de la Faune et des Parcs) issues
guidelines and conditions in the permits they
approve that are incorporated into operating
activities.

In addition, Troilus complies with the policies
and procedures defined by ECOLOGO.

ECOLOGO® Certified products, services and
packaging are certified for reduced
environmental impact. ECOLOGO
Certifications are voluntary, multi-attribute,
life cycle-based environmental certifications
that indicate a product has undergone rigorous
scientific testing, exhaustive auditing or both,
to prove its compliance with stringent, third-
party, environmental performance standards.
Impacts
Does access to the site involve traversing a protected area No
The Troilus site is located in a “Reserve
Faunique”, that allows permitting for
commercial tree cutting, quarries and mines.
Do any of the entities concessions share a watershed with a protected area No
Provide context and description of site access involving traversing protected areas, and/or watersheds shared with a protected area. Include reference to measures in place to assure access, any proactive programs to support the biodiversity of the protected area, and any formal complaints or compliance issues and related steps to resolve The Troilus site can easily be reached by road
from the towns of Chibougamau, Chapais and
Mistissini.

There is direct road access to the site and no
protected areas or protected watersheds are
traversed.
Access to the Troilus Gold Project
Percentage of proved reserves in sites with protected conservation status or in areas of endangered species habitat Does Not Apply
Percentage of probable reserves in sites with protected conservation status or in areas of endangered species habitat Does Not Apply
Social
Scale of the Organization
Direct Employee Information
Total number of full-time employees 30
Full-time - Male 17
Full-time - Female 13
Full-time - Non-binary 0
Total number of part-time employees 2
Part-time - Male 1
Part-time - Female 1
Part-time - Non-binary 0
Total number of permanent employees (full-time & part-time) 32
Permanent employees - Male 18
Permanent employees - Female 14
Permanent employees -Non-binary 0
Total number of temporary employees 0
Total number of direct employees (includes full-time, part-time, temporary; exclude workers who are not employees) 32
Direct employees - Male 18
Direct employees - Female 14
Direct employees - Non-binary 0
Direct employees - Gender not disclosed 0
Out of the total direct employees, what is the number of non-guaranteed hours direct employees 0
Non-guaranteed hours - Male 0
Non-guaranteed hours - Female 0
Non-guaranteed hours - Non-binary 0
Non-guaranteed hours - Gender not disclosed 0
Describe the methodologies and assumptions used to compile the data We have included all fulltime/parttime
employees as of 2023 year end.  As a small
organization this only requires a simple
headcount.
Are the numbers reported in head count, full-time equivalent (FTE), or using another methodology FTE
Are the numbers reported at the end of the reporting period, as an average across the reporting period, or using another methodology End of the period
Provide contextual information necessary to understand the direct employment information provided  All fulltime employees are salary, 1 part time
employee is salary and 1 part time is hourly.  
Describe significant fluctuations, if any, in the number of direct employees during the reporting period and between reporting periods  The number of employees did not fluctuate
significantly during the year.  
Workers Who are Not Employees
Total number of workers who are not employees - Male (full-time, part-time) 9
Full-time - Male 9
Part-time - Male 0
Total number of workers who are not employees - Female (full-time, part-time) 2
Full-time - Female 1
Part-time - Female 1
Total number of workers who are not employees - Non-Binary (full-time, part-time) 0
Full-time - Non-binary 0
Part-time - Non-binary 0
Total number of workers who are not employees - Gender not disclosed (full-time, part-time) 0
Describe the most common types of workers who are not employees and their contractual relationship with the organization The Company uses workers who are not
employees through a local staffing agency to
perform certain tasks at site.  These workers
are full-time hourly.  The Company also uses an
external firm to provide contract law clerk
services. These services are a part-time
monthly contract.
The type of work they perform The workers are typically engaged in tasks at
site including core shack and environmental
technicians.
Describe the methodologies and assumptions used to compile the information about workers who are not employees. The scale of the organization is small so the
information is compiled by a simple head count
at year end.  The number of workers who are
not employees may fluctuate during the year
depending on the level of activity at the project
site (currently this would entail drilling &
exploration)
Is the number of workers who are not employees reported in head count, full-time equivalent (FTE), or using another methodology FTE
Is the number of workers who are not employees reported at the end of the reporting period, as an average across the reporting period, or using another methodology End of period
Describe significant fluctuations, if any, in the number of workers who are not employees during the reporting period and between reporting periods The number of workers may fluctuate during
the year depending on the level of drilling and
exploration activity.  The site is closed for two
weeks at Christmas and there are no workers
present during that time.
Total Workforce
Female workforce as percentage of total employed workforce 37.2093%
Male workforce as percentage of total employed workforce 62.7907%
Non-binary workforce as percentage of total employed workforce 0.0000%
Workers who are not employees (contractors) as percentage of total employed workforce 25.5814%
Employment
Turnover & Gender Breakdown
Female direct employees 
Total number of turnover (the number of females that left during the period) 0
Rate of turnover, females 0.0000%
Male direct employees
Total number of turnover (the number of males that left during the period) 1
Rate of turnover, males 5.4054%
Non-binary direct employees
Total number of turnover (the number non-binary that left during the period) 0
Rate of turnover, non-binary Does Not Apply
Gender not disclosed employees
Total number of turnover (the number of "gender not disclosed" direct employees" that left during the period) 0
Rate of turnover, "gender not disclosed" Does Not Apply
Report the total number and rate of turnover for all Direct Employees 
Total number of turnover (the number that left during the period) 1
Rate of turnover - direct employees 3.0769%
Turnover & Age Breakdown
Direct Employees aged 30 years old and under 
Total number of turnover (the number that left during the period) 0
As percent of total direct employees 31.2500%
Rate of turnover 0.0000%
Direct Employees aged between 30 and 50 years old 
Total number of turnover (the number that left during the period) 1
As percent of total direct employees 34.3750%
Rate of turnover 8.6957%
Direct Employees over 50 years old
Total number of turnover (the number that left during the period) 0
As percent of total direct employees 34.3750%
Rate of turnover 0.0000%
Identify types of employees captured in the turnover rate calculations All employees on the payroll
Average age of direct employees 41
Diversity and Equal Opportunity
Diversity of Governance Bodies
Report the percentage of the diversity categories for the highest governance body and the total workforce per employee type
Board of Directors
Total Board of Directors 6
Percent Male 66.6667%
Percent Female 33.3333%
Percent Non-Binary 0.0000%
Percent Gender not disclosed 0.0000%
Percent under 30 years of age 0.0000%
Percent between 30 and 50 years of age 0.0000%
Percent over 50 years of age 100.0000%
Percent minority or vulnerable group individuals in the "Board of Directors" category 16.6667%
Diversity of Direct Employees
Senior Management
Total Senior Managers 10
Percent Male 60.0000%
Percent Female 40.0000%
Percent Non-Binary 0.0000%
Percent of gender not disclosed 0.0000%
Percent under 30 years of age 0.0000%
Percent between 30 and 50 years of age 30.0000%
Percent over 50 years of age 70.0000%
Percent of minority or vulnerable group individuals in the "Senior Management Employee" category 0.0000%
Salaried (excluding Senior Management)
Total Salaried (excluding Senior Management) 21
Percent Male 57.1429%
Percent Female 42.8571%
Percent Non-Binary 0.0000%
Percent Gender not disclosed 0.0000%
Percent under 30 years of age 57.1429%
Percent between 30 and 50 years of age 47.6190%
Percent over 50 years of age 19.0476%
Percent of minority or vulnerable group individuals in the "Salaried Employee" category 0.0000%
Technical Employees (skilled hourly)
Total Technical Employees 1
Percent Gender not disclosed 0.0000%
Percent of minority or vulnerable group individuals in the "Technical employee" category 0.0000%
Production Employees (unskilled hourly)
Total Production Employees 0
Percent Gender not disclosed Does Not Apply
Percent of minority or vulnerable group individual in the "Production employee" category Does Not Apply
Diversity of Workers Who Are Not Employees
Workers who are not employees
Number of Gender not disclosed 0
Labour Relations
Collective Bargaining Agreements
Percentage of total direct employees covered by collective bargaining agreements 0.0000%
For direct employees not covered by collective bargaining agreements, report whether the organization determines their working conditions and terms of employment based on collective bargaining agreements that cover its other employees or based on collective bargaining agreements from other organizations Troilus does not have any collective bargaining
agreements in place but recognizes the rights
of employees to collective bargaining if they so
wish (specifically referenced in the Company's
Sustainability Policy).  Troilus operates in a sole
jurisdiction - Canada - which has robust laws to
protect employees.
Troilus Sustainability Policy
Notice Periods
Minimum number of weeks’ notice typically provided to direct employees in the active workforce and their representatives prior to the implementation of significant operational changes that could substantially affect them 2
Occupational Health and Safety
Work-related Injuries
Injuries - For the total workforce
Number of fatalities as a result of work-related injury 0
Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours worked 0.000
Number of high-consequence work-related injuries (excluding fatalities) 0
Rate of high-consequence work-related injuries (excluding fatalities) 0.000
Number of recordable work-related injuries 1
Rate of recordable work-related injuries 2.958
Main types of work-related injury, e.g., confined space, trips, falls, etc The only recordable work-related injury was a
twisted knee that was treated with first aid.
In 2021, Troilus enacted a comprehensive Drug
& Alcohol Policy that applies to all employees
and contractors.  The objective of the Drug &
Alcohol Policy is to provide clarity to
employees and contractors and to ensure the
health & safety of all, particularly with regards
to operations at site.
Number of hours worked 67,622
Lost Time Injuries (LTIs) 0
Lost Time Injury Rate (LTIR) 0.000
Injuries - workers who are not employees, but whose work and/or workplace is controlled by the organization
Number of fatalities as a result of work-related injury 0
Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours worked 0.000
Number of high-consequence work-related injuries (excluding fatalities) 0
Rate of high-consequence work-related injuries (excluding fatalities) 0.000
Number of recordable work-related injuries 4
Rate of recordable work-related injuries 16.841
Main types of work-related injury, e.g., confined space, trips, falls, etc The 4 recordable work-related injuries were
the result of minor accidents  (pulled muscles,
cuts, getting poked in the eye by a branch).  The
most serious incident was reaction to a bee
sting which required evacuation and time off
for recovery.  
Number of hours worked 47,502
Lost Time Injuries (LTIs) 1
Lost Time Injury Rate (LTIR) 4.210
Combined (Employees and non-employees, but controlled by the organization):
Total Hours Worked 115,124
Total number of all work-related injuries 5
Rate of work-related injuries 8.686
Total Lost Time Injuries (LTIs) 1
Lost Time Injury Rate (LTIR) 1.737
Report the work-related hazards that pose a risk of high-consequence injury, including As a past producer, Troilus is a closed mine site
and hazards exist related to the past workings
including two open mine pits that are filled with
water, waste piles, and a tailings facility.

The mine site is located in northern Quebec
which is subject to extreme weather which can
include extreme cold, accumulation of snow
and ice in winter months, melting ice in spring,
forest fires in the summer.  Workers must
travel a remote northern highway to get to the
mine site which may be dangerous at times.

Troilus is engaged in exploration and
development activities which includes field
exploration, drilling, core cutting, road
maintenance, etc. The physical nature of the
work at the Troilus site can create hazards for
employees and contractors.
How have these hazards been determined These hazards have been determined through a
combination of the historical record,
monitoring of the type of work, and the physical
surroundings.
Which of these hazards have caused or contributed to high-consequence injuries during the reporting period None
Actions taken or underway to eliminate these hazards and minimize risks using the hierarchy of controls Troilus maintains strict safety protocols and
procedures to ensure the health and safety of
all employees and service providers.  Troilus
maintains a health and safety manual that is
updated annually and includes emergency
evacuation procedures in the event of a threat
to the physical site such as a forest fire or
extreme weather or in the case of severe injury.

All staff, contractors, and visitors to site are
required to participate in a safety
briefing.  Visitors to the site must report to the
camp manager and basic health information is
gathered.  Troilus ensures there is always staff
on shift who have received emergency
response training and a full-time nurse is
always on site to administer medical aid.
Report on actions taken or underway to eliminate other work-related hazards and minimize risks using the hierarchy of controls There is a fully qualified nurse stationed at site
at all times to handle medical emergencies and
accidents.  First aid is delivered promptly as
needed at site and evacuation can be
implemented quickly.  Besides the nurse, staff
at site receive first responder training to deal
with emergencies and also regularly receive
training on the safe handling of equipment and
materials.

Physical hazards are clearly marked, PPE is
provided to workers, and workers who operate
mobile equipment are required to adhere to
strict speed limits.
Have rates been calculated based on 200,000 or 1,000,000 hours worked 200,000
Whether and, if so, why any workers have been excluded from this disclosure, including the types of worker excluded, e.g., short-term contractors No workers have been excluded from this
disclosure.
Safety Training
Describe any occupational health and safety training provided to workers, including generic training, as well as training on specific work-related hazards, hazardous activities, or hazardous situations All workers at the Troilus receive induction
health & safety training on arrival at site.
Workers also participate in first responder
training annually and training on specific topics
throughout the year (use of PPE, safe use of
chainsaws, using ladders, etc.)
Disclose the average number of training hours provided to its workforce for health, safety, and emergency management training
Average hours of health, safety, and emergency response training for (a) full-time/direct employees 22
Average hours of health, safety, and emergency response training for (b) workers who are not employees (contractors) 0
Security, Human Rights and Rights of Indigenous People
Describe the nature of any social risks, for all operating countries, that could have a material impact on the operations We have identified a key social risk
is  engagement with First Nations (Cree) as the
Troilus Project is located on traditional Cree
territory.

We have extensive ongoing engagement with
the Cree Nation and align ourselves with the
James Bay Agreement signed between the
Government of Quebec and the Cree Nation.

In 2018, Troilus entered into a Pre-
Development Agreement with the Cree Nation
which serves as a precursor to a future Impact
& Benefits Agreement.  The PDA provides a
framework for communication and cooperation
between Troilus and the Cree Nation.
In 2022, Troilus commenced the first
community consultations as part of its
Environmental and Social Impact Assessment
which is required at the federal and provincial
government levels to proceed to construction
and eventually production.  Consultations and
advancement of the ESIA was ongoing in
2023.  The ESIA is expected to be filed with
federal and provincial regulators in late 2024.
Percentage of proved reserves that are located in or near areas of active conflict Does Not Apply
Percentage of probable reserves that are located in or near areas of active conflict Does Not Apply
Percentage of proved reserves that are located in or near areas that are considered to be indigenous peoples’ land Does Not Apply
Percentage of probable reserves that are located in or near areas that are considered to be indigenous peoples’ land Does Not Apply
Which indigenous rights of communities in which the entity operates or intends to operate are respected, provide a description of the entity's due diligence practices and procedures in the details. The company notifies First Nations of drilling
activity as part of the permitting process.  The
Company engages in regular communication
and interaction with First Nations families, local
leadership and community organizations to
discuss priority issues such as environment,
employment, skills training, safety and business
opportunities.  

In 2022, Troilus commenced its environmental
permitting process which includes extensive
community consultations.
Which human rights procedures the entity's due diligence practices include, provide description in the details
   •  Upholding the fundamental ILO
conventions on freedom of association (No. 87)
   •  Upholding the fundamental ILO
conventions on collective bargaining (No. 98)
   •  Upholding the fundamental ILO
conventions on forced labour (No. 29, No. 105)
   •  Upholding the fundamental ILO
conventions on child labour (No. 138, No. 182)
   •  Upholding the fundamental ILO
conventions on fair wages (No. 100)
   •  Upholding the fundamental ILO
conventions on discrimination (No. 111)
   •  Implementation of Voluntary Principles on
Security and Human Rights
Community Relations
Artisanal and Small-Scale Mining
Number of company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site (not controlled by company/unauthorized) 0
Percentage of company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site 0.0000%
Report the associated risks and the actions taken to manage and mitigate these risks Artisanal and small-scale mining do not take
place at or near the Troilus site.
Discuss the processes, procedures, and practices to manage risks and opportunities associated with the rights and interests of communities in areas where it conducts business Troilus senior management meets with local
community leaders on a regular basis to ensure
transparent communication and
collaboration.  Troilus places a priority on local
procurement which accounts for 65% of all
procurement.  Troilus works with a Cree
Community Liaison Officer and maintains a
Troilus office in the neighbouring indigenous
community.  Troilus management engages
regularly with impacted families whose
traplines are on the property and provides
monthly updates on activities and
environmental monitoring.
Programs
Report on community relations programs, objectives and achievements in the past 3 years In 2023, Troilus focused on direct engagement
with local community leadership & community
members to keep them informed of
development progress and economic
contributions, sponsorship of community
events, hiring of Indigenous people, and
planning for long-term capacity building.  This
has included community consultations,
attendance at local Council meetings, and
committee meetings with participation of
indigenous and local representatives.
Risks and Opportunities
Disclose the total number of site shutdowns or project delays due to non-technical factors 1
Disclose the total aggregate duration (in days) of site shutdowns or project delays due to non-technical factors 42
Discuss specific delays including associated costs, root cause and corrective actions for resolved delay, and status of ongoing delays The Troilus site was evacuated and shutdown in
the summer of 2023 due to the ongoing threat
of forest fires in northern Quebec.  Although
the forest fires did not infringe on the property
itself, air quality was a serious issue which
prevented workers from engaging in regular
drilling and exploration work.  Also, fires south
cut off access on the Route du Nord, the only
transportation artery to access the site.
Evacuation of all residents and businesses
operating in the region was mandated by the
provincial government.  Troilus reopened once
the evacuation order was lifted and access
became safe later in the summer.
Governance
Governance structure and composition
Describe the governance structure, including committees of the highest governance body (e.g. the Board of Directors, the Executives, the Board Environment Committee, Board Safety Committee, the Advisory Committee, etc.) Troilus has a Board of Directors comprised of 6
people, 5 of whom are independent and one is
not independent (CEO).  The Board committees
include: Audit, Compensation, Governance &
ESG, Technical.
Identify and list the committees of the highest governance body that are responsible for decision making and overseeing the management of the organization’s impacts on the economy, environment and people including the oversight of sustainability-related risks and opportunities (e.g. Board level Environment Committee, Safety Committee, ESG Committee, Advisory Committee, etc.) The Governance & ESG Committee is
responsible for decision-making on economic,
environmental and social topics.
Charter of the Environment, Social,
Governance Committee
Delegation of responsibility for managing impacts
Describe whether the highest governance body has appointed any senior executives with responsibility for the management of organization’s impacts on the economy, environment and people (e.g., is it part of the Governance structure of the company, CEO's role, CFO's role, Sustanability Executive, etc.) Yes.  The VP Corporate Affairs has
responsibility for the management of the
organization's impacts on the economy,
environment and people.
The VP of Corporate Affairs has the
responsibility for overseeing economic,
environmental and social topics and reports
directly to the CEO.  The VP Corporate Affairs
provides the Governance & ESG Committee
with an in-person quarterly report on ESG
matters.
Describe whether the highest governance body has delegated responsibility for the management of impacts to other employees The VP of Corporate Affairs reports directly to
the CEO on a daily basis and reports to the
Governance & ESG Committee on a quarterly
basis.  The VP Environment oversees all
environmental impacts and reports to the
CEO.  
Climate-related disclosures
Management's role
Provide the highest management-level position(s) or committee(s) with responsibility for climate-related policies, strategies and issues Sustainability committee
Nature of primary responsibility Both assessing and managing climate-related
risks and opportunities
Policy commitments
Provide a description of the organization’s policy commitments for responsible business conduct Troilus Gold Corp. is committed to creating
sustainable long-term value for its
stakeholders, which is achieved by adhering to
best practices in corporate governance.     
The Company has established a set of policies
with respect to ethical business practices,
personal conduct, environmental, safety, and
occupational health practices, competition and
fair dealings, and disclosure of information, that
describe its commitment to promoting the
effective functioning of its personnel and
improving the Company's performance.

In addition to its own internal policies, Troilus is
a signatory to the UN Global Compact and has
received the ECOLOGO certification from
AEMQ.

Whistleblower Policy

Anti-Bribery and Anti-Corruption Policy

Code of Business Conduct & Ethics
Code of Business Conduct and Ethics Anti- Bribery and Anti-Corruption Policy Corporate Disclosure, Insider Trading and Confidentiality Policy
Majority Voting Policy Sustainable Development Policy Supplier Code of Conduct
What are (if any) the authoritative intergovernmental instruments that the commitments reference United Nations Universal Declaration of
Human Rights, Voluntary Principles on Security
and Human Rights,
UN Global Compact
Do the commitments stipulate conducting due diligence Yes
Do the commitments stipulate applying the Precautionary Principle or Approach (see instructions). Yes
Troilus is a signatory to the UN Global Compact
and adheres to SDG 7 regarding the
Environment. In its Sustainable Development
Policy, Troilus commits to integrating
environmental considerations into all aspects
of its operations and activities to minimize,
mitigate and eliminate impacts on the
environment and specifically cites the
Precautionary Principle or Approach as set out
in Principle 15 of the UN Rio Declaration on
Environment and Development.
Do the commitments stipulate respecting human rights Yes
Describe the specific policy commitment to respect human rights Troilus commits to respect human rights in its
Sustainable Development Policy and this
commitment is also noted on its website.
What are (if any) the internationally recognized human rights that the commitment covers In general, the Sustainability Policy refers to
upholding fundamental human
rights.  Specifically, the Sustainability Policy
mentions the right to freedom of association,
freedom to engage in collective bargaining, and
freedom to refrain from child or forced labour.  

In its Code of Conduct, Troilus commits to not
discriminate on the basis of race, color, religion,
gender, sex, national origin, age, sexual
orientation or disability, or any other category,
freedom from workplace harassment or
violence, and maintaining a safe and healthy
workplace.
What are the categories of stakeholders, including at-risk or vulnerable groups, that the organization gives particular attention to in the commitment The policies of the Company apply to
employees, contractors, suppliers, communities
with particular attention paid to indigenous
peoples.
Provide links to the policy commitments, if publicly available, or, if the policy commitments are not publicly available, explain the reason for this The policies are all publicly available on the
Troilus website.
Governance policies
Sustainable Development Policy
Report the level at which each policy commitment was approved within the organization, including whether this is the most senior level The governance policies are approved at the
most senior level by the Board of Directors on
an annual basis.
To what extent the policy commitments apply to the organization’s activities and to its business relationships The policy commitments apply to all of the
organization's activities and business
relationships.  There are no exceptions.
Describe how the policy commitments are communicated to employees, business partners, and other relevant parties The policy commitments are posted on the
Company's website.  Employees are required to
review and provide signed acknowledgement of
the policies on a bi-annual basis and receive in-
person training on the corporate governance
policies annually.  Service
providers/contractors are required to adhere
to the policies in activities they undertake at
the Troilus site and provide signed
acknowledgement to the Company's Supplier
Code of Conduct.
Embedding policy commitments
Describe how the organization embeds each of its policy commitments for responsible business conduct throughout its activities and business relationships Troilus has embedded its policy commitments
for responsible business conduct at the most
senior level of the organization.  The ESG
Committee of the Board affirms the company's
commitments through the Sustainable
Development Policy and other governance
policies which all employees are required to
review and acknowledge in writing.

As a member of the UN Global Compact,
Troilus has committed to an annual affirmation
from the CEO and to complete the annual
Communication on Progress to document the
company's efforts to adhere to the 17 SDGs.

As a recipient of the ECOLOGO certification,
Troilus must renew its commitment every three
years and is subject to external audit to affirm
best practices (most recently completed in
2022).
How are responsibilities allocated in order to implement the commitments across different levels within the organization Under the direction of the ESG Committee and
the CEO, the VP Corporate Affairs works
closely with the VP Environment & Operations
and VP Legal to implement the commitments
across the different levels within the
organization.
How are the commitments integrated into organizational strategies, operational policies, and operational procedures The Sustainable Development Policy, other
corporate governance policies and the robust
legal framework in Canada (the sole jurisdiction
that Troilus operates) are integrated into
organizational strategies, policies and
procedures.  These are reviewed and updated
at least annually at the management level and
at the board level where applicable.
How does the organization implement its commitments with and through its business relationships Troilus requires its suppliers and contractors to
comply with its governance policies.  

Suppliers are required to review and provide a
signed acknowledgment of the Company's
Supplier Code of Conduct.  Troilus does not
have any customers at this time as it is not yet
in production.
What implementation training does the organization provide The organization provides employees with
training on the practical aspects of its
governance and sustainability policies through
an annual training session which includes case
studies/real-life examples.
Governance structure and composition
Describe the composition of the highest governance body and its committees by:
Number of executive members (non-independent) 1
Number of non-executive members (non-independent) 0
Number of independent members 5
Less than 3 years of tenure of members on the governance body 1
3-6 years of tenure of members on the governance body 5
6-9 years of tenure of members on the governance body 0
More than 10 years of tenure of members on the governance body 0
Number of other significant positions and commitments held by each member, and the nature of the commitments Diane Lai is Chair of Troilus.  She is AVP of Agile
Practice at TD Bank.
Justin Reid is CEO and Director of Troilus.
Eric Lamontagne is the General Manager of
Greenstone Gold Mines.
Tom Olesinski is CFO of Lithium Ionic Corp.
Pierre Pettigrew is Executive Advisor at
Deloitte Touch LLP.
Board of Directors
Number of Male governance body members 4
Number of Female governance body members 2
Number of Non-Binary governance body members 0
Number of Gender not disclosed governance body members 0
Number of members from under-represented social groups 1
Description of competencies relating to economic, environmental, and social topics Please refer to the link below for a description
of the Board's competencies relating to
economic, environmental and social topics.
Board of Directors
Highest Governance Body
Describe the nomination and selection processes for the highest governance body and its committees The nomination of new directors is the
responsibility of the Governance
Committee.  Candidates are considered based
on their skillset and experience and the
skillset/competencies of the rest of the
Board.  Candidates are presented to the rest of
the Board of Directors for consideration.  The
Board may appoint a new director, but all
directors must be re-elected by shareholders
on an annual basis.
Do you have a diversity policy and if so, provide details, link to the policy or attach the file Troilus' policies on diversity are currently
captured in the Code of Business Conduct and
Ethics.
Code of Business Conduct and Ethics
Report the criteria used for nominating and selecting highest governance body members
Discuss whether and how views of the stakeholders (including shareholders) are involved Views of shareholders and regulators are
considered in nominating and selecting
directors.
Discuss whether and how diversity is considered In 2023, Troilus took action to increase gender
diversity on its Board of Directors.  Two male
directors stepped down and one female
director was appointed.
Discuss whether and how independence is considered It is the view of the Troilus Board of Directors
that the majority of directors should be
independent and the only non-independent
director is the CEO.
Discuss whether and how competencies relevant to the impacts of the organization are considered In the selection process for new directors,
consideration is given for candidate
competencies that will contribute to the overall
strategic direction of the Company given its
stage of development.  These competencies are
expected to change over time as the Company
shifts from  exploration and development stage
to production and will include competencies
relevant to the impacts of the organization at
that stage.
Chair of the highest governance body
Is the chair of the highest governance body also a senior executive in the organization (non-independent) No
Conflicts of Interest
Describe the processes for the highest governance body to ensure that conflicts of interest are prevented and mitigated Employees, officers, and directors of the
Company are required to act with honesty and
integrity and to avoid any relationship or
activity that might create, or appear to create, a
conflict between their personal interests and
the interests of the Company. Employees must
disclose promptly in writing possible conflicts
of interest to their supervisor, or if the
supervisor is involved in the conflict of interest,
to the Chairman of the Audit Committee.

Directors or officers of the Company shall
disclose in writing conflicts of interest to the
Board of Directors or request to have entered
in the minutes of meetings of the Board the
nature and extent of such interest.  Directors
and Officers are asked if they are aware of any
conflicts of interest on a quarterly basis.
Code of Business Conduct and Ethics
Are conflicts of interest disclosed to stakeholders Yes
Are there conflicts of interest related to: cross-board membership No
Are there conflicts of interest related to: cross-shareholding with suppliers and other stakeholders No
Are there conflicts of interest related to: existence of controlling shareholder No
Are there conflicts of interest related to: related parties, their relationships, transactions, and outstanding balances No
Collective knowledge of highest governance body
Report measures taken to advance the collective knowledge, skills and experience of the highest governance body on sustainable development. (e.g. board training) The Environment, Social and Governance
Committee of the Board of Directors makes
periodic visits to corporate locations to
familiarize itself with the nature of the
operations, and to review relevant objectives,
procedures and performance with respect to
health and safety, environment and social
responsibility.  The Committee members
receive a quarterly report from management
on ESG issues and concerns within the
Company and participate in training to enhance
their knowledge of the issues.
Evaluation of Highest Governance Body
Describe actions taken in response to the evaluations, including changes to the composition of the highest governance body and organizational practices In 2021, the Governance Committee was
renamed the Environment, Social &
Governance Committee and expanded its
Charter to include oversight of ESG topics.  The
ESG committee meets quarterly to receive a
report from the VP Corporate Affairs and
provide oversight of ESG concerns within the
Company.
Transparency
Describe the role of the highest governance body and of senior executives in developing, approving and updating the organization’s purpose, value or mission statements, strategies, policies and goals related to sustainable development The Environment, Social and Governance
Committee of the Board of Directors is
responsible for encouraging, assisting,
supporting and counseling management in
developing short and long term policies and
standards to ensure that the principles set out
in any health and safety, environment, and
social responsibility policies are being adhered
to and achieved.
Describe the role of the highest governance body in overseeing the organization’s due diligence and other processes to identify and manage the organization’s impacts on the economy, environment and people The Environmental, Social, and Governance
Committee is responsible for reviewing the
effectiveness of Management’s health and
safety, environment, and social responsibility
programs and making recommendations for
improvement to adequately manage potential
health and safety, environmental, and social
responsibility liabilities.

The Committee reviews any extraordinary
incidents and where appropriate report to the
Board of Directors.
Describe whether and how the highest governance body engages with stakeholders to support these processes Engagement with stakeholders is delegated to
management which reports back to the highest
governance body in person at least quarterly
and via a written report monthly.  Mechanisms
are also in place for anonymous reporting for
whistleblowers. From time to time, the highest
governance body may visit site operations and
have the opportunity to engage directly with
stakeholders.  
Troilus' CEO engages directly with the
governing bodies of the First Nations. The VP of
Corporate Affairs and VP of Environment
engage with stakeholders directly on
community consultations, environmental
permitting, and local procurement.

The results of these consultation are reported
by the VP Corporate Affairs to the Governance
& ESG Committee on a quarterly basis.
Describe how the highest governance body considers the outcomes of these processes The highest governance body can request
follow-up or further action from management
and may discuss any items in-camera.
Governance policies and board/committee
mandates are reviewed annually to consider
whether they are appropriately addressing the
company's needs and the overarching
regulatory and reporting framework.
Ethics
Ethics and Integrity
Describe how individuals can seek advice on implementing the organization’s policies and practices for responsible business conduct Individuals all participate in an annual
information session on the organization's
policies and practices for responsible business
conduct.  This session includes an explanation
on the mechanisms to seek advice on
implementing the policies.  Individuals are
provided with options to ask questions
anonymously if preferred.
Describe the mechanisms for individuals to raise concerns about the organization’s business conduct Individuals are provided with various
mechanisms to raise concerns either to their
supervisor or if that is not possible to a more
senior member of management, up to the
CEO.  The Company has a whistleblower policy
in place which provides guidance on the
reporting mechanism, including ultimately
anonymous reporting to the chair of the audit
committee.
Troilus Whistleblower Policy
Compliance with laws and regulations
Report the total number of significant instances of non-compliance with laws and regulations that occurred during the reporting period and a breakdown of this total by 0
Number of instances for which fines were incurred 0
Number of instances for which non-monetary sanctions were incurred 0
Report the total number of fines for instances of non-compliance with laws and regulations that were paid during the reporting period 0
Report the monetary value of fines for instances of noncompliance with laws and regulations that were paid during the reporting period ($) 0
Total number of fines paid for instances of non-compliance with laws and regulations that occurred in the current reporting period 0
Total monetary value of fines for instances of non-compliance with laws and regulations that occurred in the current reporting period ($) 0
Total number of fines paid for instances of non-compliance with laws and regulations that occurred in previous reporting periods 0
Total monetary value of fines for instances of non-compliance with laws and regulations that occurred in previous reporting periods ($Million) 0
Describe the significant instances of non-compliance None occurred
Describe the management system and due diligence procedures for assessing and managing corruption and bribery risks internally and associated with business partners in its value chain Troilus' Anti-Bribery Policy is applicable to all
directors, officers, employees and outside
parties acting directly or indirectly on behalf of
the company and are prohibited from engaging
in bribery or any corrupt activity in relation to
government officials or private parties, or
enabling or facilitating such activity.

Responsibility for implementing and overseeing
the Anti-Bribery and Anti-Corruption Policy
and related standards and procedures has been
given to the Chief Financial Officer and the
Company’s Site Manager in Quebec. The Chief
Financial Officer communicates with the Site
Manager for payments in Quebec and then the
Chief Financial Officer has direct reporting
obligations to the audit committee of the board
of directors. The Chief Financial Officer has an
adequate level of autonomy as well as sufficient
resources and authority to maintain this
autonomy.

In 2023, Troilus also implemented a Supplier
Code of Conduct which requires sign-off from
suppliers regarding their compliance with the
Company's policies on corruption and bribery.
Anti-Bribery and Anti-Corruption Policy
If applicable, discuss operations that are located in countries with low rankings in the index but present low business ethics risks; the entity may provide similar discussion for operations located in countries that do not have one of the 20 lowest rankings in the index but that present unique or high business ethics risks The company does not have any operations in
countries with low rankings for business ethics.
Anti-Corruption
Confirmed Incidents and Response
Total number and nature of confirmed incidents of corruption 0
Total number of Bribery cases 0
Total number of Lobbying cases 0
Total number of Extortion cases 0
Total number of Cronyism cases 0
Total number of Nepotism cases 0
Total number of Parochialism cases 0
Total number of Patronage cases 0
Total number of Influence peddling cases 0
Total number of Graft cases 0
Total number of Embezzlement cases 0
Total number of confirmed incidents in which employees were dismissed or disciplined for corruption 0
Total number of contracts terminated or not renewed with business partners due to corruption related violations 0
Communication and Training
Total number of governance body members that the organization's anti-corruption policies and procedures have been communicated to 6
Total percentage of governance body members that have been communicated to on anti-corruption 100.0000%
Anti-corruption policies and procedures communication to direct employees by type:
Total number of the direct employees that have been communicated to on anti-corruption 32
Total percentage of the direct employees that have been communicated to on anti-corruption 100.0000%
Total number of senior management employees that have been communicated to on anti-corruption 10
Percentage of senior management employees that have been communicated to on anti-corruption 100.0000%
Total number of middle management employees that have been communicated to on anti-corruption 18
Percentage of middle management employees that have been communicated to on anti-corruption 100.0000%
Total number of technical employees that have been communicated to on anti-corruption 1
Percentage of technical employees that have been communicated to on anti-corruption 100.0000%
Total number of production employees that have been communicated to on anti-corruption 0
Percentage of production employees that have been communicated to on anti-corruption Does Not Apply
Total number of administrative employees that have been communicated to on anti-corruption 3
Percentage of administrative employees that have been communicated to on anti-corruption 100.0000%
Total number of other direct employees that have been communicated to on anti-corruption 0
Percentage of other direct employees that have been communicated to on anti-corruption Does Not Apply
Total number of governance body members that have received training on anti-corruption 3
Total percentage of governance body members that have received training on anti-corruption, broken down by region 100.0000%
Total number and percentage of direct employees that has received training on anti-corruption, broken down by employee category and region 34
Total number of direct employees that received training on anti-corruption 32
Total number of direct employees 32
Total percentage of direct employees that received training on anti-corruption 100.0000%
Total number of senior management employees who received training on anti-corruption 10
Total number of senior management employees 10
Percentage of senior management employees who received training on anti-corruption 100.0000%
Total number of middle management employees who received training on anti-corruption 18
Total number of middle management employees 18
Percentage of middle management employees who received training on anti-corruption 100.0000%
Total number of technical employees who received training on anti-corruption 1
Total number of technical employees 1
Percentage of technical employees who received training on anti-corruption 100.0000%
Total number of production employees who received training on anti-corruption 0
Total number of production employees 0
Percentage of production employees who received training on anti-corruption Does Not Apply
Total number of administrative employees who received training on anti-corruption 3
Total number of administrative employees 3
Percentage of administrative employees that received training on anti-corruption 100.0000%
Total number of all other employees who received training on anti-corruption 0
Percentage of all other direct employees that received training on anti-corruption Does Not Apply
Communication of critical concerns
Describe whether and how critical concerns are communicated to the highest governance body Any critical concerns would be shared with the
Board of Directors either through the regularly
scheduled quarterly meetings or a special
meeting.
Report the number of critical concerns that were communicated to the highest governance body during the reporting period 0
Report the nature of critical concerns that were communicated to the highest governance body during the reporting period Does not apply
Remuneration
Report which of the following remuneration policies apply to the highest governance body and senior executives:
Fixed pay Yes
Variable pay No
Performance-based pay Yes
Equity-based pay Yes
Bonuses Yes
Deferred and vested shares Yes
Sign-on bonuses No
Recruitment incentive payments No
Termination payments Yes
Clawbacks No
Retirement benefits, including the difference between benefit schemes and contribution rates for the highest governance body, senior executives and all other employees No
Do you provide incentives for the management of climate-related issues, including the attainment of targets No, not currently but we plan to introduce
them in the next two years
As Troilus is not yet in production it is
premature to set targets.  However, Troilus
considers climate-related issues at its current
stage of development to design a future mining
operation that will seek to minimize climate
impacts.  This includes considerations on future
energy sources, vehicle fleet, etc.
Describe the process for designing its remuneration policies and for determining remuneration Remuneration for Directors is established by
comparison with the Company's peer
group.  The CEO's compensation is based on
achievement of annual KPI's which are
approved by the Board and compensation is
targeted to align with peer group.  Senior
management's compensation is set by the CEO
with board approval.  KPI's for the CEO and
senior management include achieving
development milestones, ESG factors, share
performance.
Are independent members of the highest governance body or an independent remuneration committee overseeing the remuneration process Yes
Describe whether remuneration consultants are involved in determining remuneration and, if so, whether they are independent of the organization, its highest governance body and senior executives Independent Consultants
Stakeholder Engagement
Provide a list of stakeholder groups engaged by the organization
   •  Permanent or Full-time Employees
   •  Investors
   •  Financial Institution
   •  Local communities
   •  Local government bodies
   •  National government bodies
   •  Regulatory authorities
   •  Suppliers and contractors
   •  Consultants (professional services)
Report the basis for identifying and selecting stakeholders with whom to engage The Company is still small and stakeholders are
easily identifiable.
Report the purpose of the stakeholder engagement The purpose of stakeholder engagement at
Troilus is to identify actual and potential
impacts on the environment, people,
communities and health & safety. Since Troilus
is still in the exploration & development stage,
the Company considers stakeholder
engagement an opportunity to incorporate
knowledge, experience and concerns of those
who are and will be impacted by the
development of the mine over its life cycle and
beyond.  Stakeholder engagement is required
from a regulatory perspective in order to obtain
a license to operate.  Troilus is currently
conducting its Environmental and Social Impact
Assessment which will allow the Company to
advance to a construction and production
decision.
Report the organization’s approach to stakeholder engagement, including frequency of engagement by type Stakeholder engagement occurs on an almost
daily basis.  Senior management engages
regularly with investors and financial
institutions to report on the Company's
progress and to raise additional funding.  The
Company engages with local communities and
indigenous peoples on both a formal and
informal basis.  At a formal level, engagement
takes place with elected leaders several times a
year.  With community members directly
impacted by the project, engagement takes
place weekly in the form of in-person meetings,
community consultations, participation in
community events and quarterly meetings to
discuss major issues.  
As a publicly listed entity, the Company
engages with securities regulators as per
continuous disclosure requirements.  
At the operational level, the organization
engages with provincial and federal
government regulators as part of the ongoing
permitting process for the ESIA.
The Company takes a transparent and active
approach to stakeholder engagement and
prioritizes communication, integrity and
honesty.
Tax
Describe the approach to stakeholder engagement and management of stakeholder concerns related to tax, including
The approach to engagement with tax authorities Troilus retains third-party experts to advise on
tax-related issues and ensure full compliance
with  tax obligations.
The approach to public policy advocacy on tax Troilus does not directly engage in public policy
advocacy on taxes. As members of mining
industry groups we may support industry
positions on public tax policies.
The processes for collecting and considering the views and concerns of stakeholders, including external stakeholders Troilus engages with stakeholders on a regular
basis, and addresses stakeholder concerns
when raised, which may include concerns
related to royalty payments, and government
fiscal frameworks.
This document was prepared using
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