Troilus Gold Corporation

2022 Troilus ESG Report

Published on July 24, 2023

At Troilus we are committed to creating value for our shareholders while operating in a safe, socially and environmentally responsible manner, contributing to the prosperity of our employees and our local communities while respecting human rights, cultures, customs and values of those impacted by our activities.

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-based junior
mining company focused on the systematic
advancement and de-risking of the former gold
and copper Troilus Mine towards production.

Troilus is located in the top-rated mining
jurisdiction of Quebec, Canada, where it holds a
strategic land position of 435 km² in the Frotêt-
Evans Greenstone Belt. Since acquiring the
project in 2017, ongoing exploration success
has demonstrated the tremendous scale
potential of the gold system on the property
with significant mineral resource growth.

From 1996 to 2010, the Troilus Mine produced
+2 million ounces of gold and nearly 70,000
tonnes of copper.

The Company is advancing engineering studies
toward a Feasibility Study targeted for late
2023. A PEA in 2020, demonstrated the
potential for the Troilus project to become a
top-ranked gold and copper-producing asset in
Canada. Led by an experienced team with a
track record of successful mine development,
Troilus is positioned to become a cornerstone
project in North America.

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.

ESG Reporting Period

Unless otherwise noted, all data contained in this report covers the following period

From

2022-01-01

2022-12-31

Audit Status

Identify the degree to which any inputs of the report are third-party checked

Self-Declared

Financial Reporting Period

Specify the frequency of sustainability reporting

Annually

Whether Financial reporting period aligns with the period for its sustainability reporting

Specify the reporting period for its financial reporting

From

2023-07-31

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
such the majority of our regulatory reporting
on environment and social issues follows the
calendar year.

Specify the contact point for questions about the report or reported information

Catherine Stretch, VP Corporate Affairs

Geographic Scope of Report

Unless otherwise noted, the data in this report covers ESG matters related to the following countries of operations

Canada

Identify notable exclusions, and reference 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

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

Business Operations Scope of Report

There are no exclusions from this report.

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

Currency

Unless otherwise noted, all financial figures referenced in this report are in the following currency

CAD

Organizational Profile

Provide a list of externally-developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes, or which it endorses, e.g., GRI, UN Global Compact

GRI, UN Global Compact, SASB, Ecologo

Strategy

Provide a description of key impacts, risks, and opportunities,

As a mine site under development, Troilus is
engaged in the permitting process for the
Environment & Social Impact Study which
commenced in 2022 at the provincial and
federal level. The future construction and
production at the mine are dependent on the
successful and timely completion of the
regulatory approval process.

As a closed mine site, Troilus is responsible for
the management and reclamation of the former
tailings facility which includes ongoing
monitoring and treatment of water,
revegetation, and restoration.

The Troilus project is located on lands that are
the traditional territory of the Cree Nation.
Troilus is committed to working closely with
the families and communities that use the land
to ensure its long-term health and
sustainability.

The Troilus project is subject to known and
unknown risks of the mining industry, including
without limitation, risks and uncertainties
discussed in the company’s most recent 43-101
Technical Report, annual information form,
financial statements, and MD&A, as well as
other continuous disclosure documents
available under the Company’s profile at www.
sedar.com.

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 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

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

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

Company policies include specific requirements
for regular internal review to ensure
compliance and consider amendments. Based
on the outcome of internal auditing, policies are
updated accordingly. Policies and procedures
related to the environment, health & safety,
and human resources are continuously
reviewed to ensure compliance with the
regulatory framework under which the
company operates in the Province of Quebec.

In 2022, Troilus conducted an internal audit of
its policies and procedures at site in advance of
a physical audit for the ECOLOGO
certification. Troilus also reviewed its activities
in 2022 to identify actions that contributed to
the UN Sustainable Development Goals with
progress to be reported in 2023.

Do the commitments stipulate applying the Precautionary Principle or Approach

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,
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

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 workers, 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. Service
providers/contractors are required to adhere
to the policies in activities they undertake at
the Troilus site.

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, VP Legal and
Director of Human Resources to implement the
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. 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
a tutorial.

Supply Chain

Estimated Total number of Business Entities in its downstream

Estimated End-Use customers

Types of activities related to the organization’s products and services carried out by the downstream entities (e.g., manufacturing, wholesale, retail);

Troilus is still in the exploration and
development stage and as such does not sell
any products or services.

The nature of its business relationships with the downstream entities

None

Report other relevant business relationships

None

Describe significant changes in the information reported about business activities, value chain and other business relationships compared to the previous reporting period

None

Material Topics

Governance of Material Topics

Describe the process followed to determine the organization's material topics, including:

i. How has the organization identified actual and potential, negative and positive impacts on the economy, environment, and people, including impacts on their human rights, across its activities and business relationships; provide details

• Economic impact assessment
• Environmental impact assessment
• Social impact assessment
• Civil society organizations

ii. How has the organization prioritized the impacts for reporting 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 reason 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

Child labour, forced labour, and collective
bargaining have moved to material topics
compared to the previous reporting
period. None of these are an issue for Troilus
which operates in a single jurisdiction (Canada)
where such issues are strongly protected under
the legal framework. However, since the last
reporting period we have specifically stated our
commitment to these issues in our policies.

Environment

General Disclosure

Compliance with laws and regulations

Report the total number of significant instances of non-compliance with laws and regulations during the reporting period, and a breakdown of this total by:

Number of instances for which fines were incurred

Number of instances for which non-monetary sanctions were incurred

Report the total number of fines for instances of non-compliance with laws and regulations that were paid during the reporting period

Report the monetary value of fines for instances of noncompliance with laws and regulations that were paid during the reporting period ($Million)

Total number of fines for instances of non-compliance with laws and regulations that occurred in the current reporting period

Total monetary value of fines for instances of non-compliance with laws and regulations that occurred in the current reporting period ($Million)

Total number of fines for instances of non-compliance with laws and regulations that occurred in previous reporting periods

Total monetary value of fines for instances of non-compliance with laws and regulations that occurred in previous reporting periods

Describe the significant instances of non-compliance

In 2022, Troilus was in compliance with all
environmental laws and/or regulations

Greenhouse Gas Emissions

Scope 1

For your operations, disclose the gross global Scope1 greenhouse gas (GHG) emissions to the atmosphere of the seven GHGs covered under the Kyoto Protocol (tonne CO₂-e)

Carbon dioxide (CO₂) (tonne CO₂-e)

448.939

Methane (CH₄) (tonne CO₂-e)

0.000

Nitrous oxide (N₂O) (tonne CO₂-e)

0.000

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

Perfluoromethane (CF₄) (tonne CO₂-e)

0.000

Perfluoroethane (C₂F₆) (tonne CO₂-e)

0.000

Perfluorobutane (C₄F₁₀) (tonne CO₂-e)

0.000

Perfluorohexane (C₆F₁₄) (tonne CO₂-e)

0.000

The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonne)

448.939

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%

The entity shall discuss its long-term and short-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.

In 2022, Troilus conducted an audit of GHG
emissions generated since inception in 2018
and is currently developing a roadmap to
minimize GHG emissions for the future with
the objective of building a carbon-neutral
mining operation.

Carbon Offset

Credits

How much CO₂ (metric tonnes) offset credits were purchased?

0.000

Where were these credits purchased from

Not Applicable

Troilus has not yet purchased credits to offset
historical GHG, but is currently exploring
options to do so.

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 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)

19,692.000

Percentage energy consumed that was supplied by grid electricity

68.8503%

Percentage of energy consumed that is renewable energy

68.8503%

Water

Efficiency

Proportion of water reused and recycled by the site to reduce the overall consumptive water demand

94.0828%

Water is used at the Troilus site for sanitation &
drinking, core cutting and drilling. Drilling
makes up the vast majority of the water usage
and this water is returned to the ecosystem
once the drilling is complete. Water used for
core cutting is also reused.

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 water that was withdrawn from freshwater sources (in thousands of cubic meters)

169.000

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%

Disclose the amount of water that was consumed in its operations (in thousands of cubic meters)

169.000

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

Total number of instances of non-compliance, including violations of a technology-based standard and exceedances of quality-based standards

Waste Management

Disclose the total weight of tailings produced (tonne)

0.000

Troilus is not yet in production and does not
generate any tailings.

Tailings Storage Facilities Management

Does your company manage Tailings Storage Facilities

Yes

Provide an inventory of all talings 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

TSF #1: (11) mitigation measures

None required. 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
Impacted Families 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

684954

Describe nature of spending on Research, Development and Technologies for waste management compliance and improvement

In 2022, 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.

Water and Effluents

Water Discharge

Report the total water discharge to all areas in megalitres

3,238.000

The Troilus mine previously operated from
1996-2010 and as such has a closed tailings
facility which discharges water into the
environment. The water from the tailings
facility is monitored and tested. There is a
water treatment facility adjacent to the
Tailings. However, at this time most of the
water being discharged from the Tailings
facility is in compliance without treatment
required and can be discharged into the
environment. In certain instances where the
water is not in compliance it is treated before
being released into the environment.

Surface water

3,238.000

Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS)

3,238.000

Other water (>1,000 mg/L Total Dissolved Solids or TDS)

0.000

Groundwater

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

Biodiversity

Management Plan

List 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, etc.

Ecologo Policies and Procedures

1.1 Mine 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

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

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

Percentage of inferred, indicated and/or measured resources in sites with protected conservation status or in areas of endangered species habitat

0.0000%

Social

Scale of the Organization

Describe how the organisation 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.

Report the total number of operations

Scale of the Organization

Report the total number of direct employees worldwide (exclude contractors)

Report the total number of male direct employees worldwide (exclude contractors)

Report the total number of female direct employees worldwide (exclude contractors)

Report the total number of contract employees worldwide

Female employees and contractors as percentage of total employees and contractors

41.1765%

Male employees and contractors as percentage of total employees and contractors

58.8235%

Non-binary employees and contractors as percentage of total employees and contractors

0.0000%

Employee Information

Report the total number of direct employees by employment type (permanent and temporary), by gender

Total number of permanent employees

Total number of permanent employees - female

Total number of permanent employees - male

Total number of permanent employees - Non-binary

Total number of temporary employees

Report the total number of non-guaranteed hours employees by gender

Total number of non-guaranteed hours employees - female

Total number of non-guaranteed hours employees - male

Total number of non-guaranteed hours employees - Non-binary

Report the total number of employees by employment type (full-time and part-time), by gender

Report the total number of full-time employees

Report the total number of part-time employees

Total number of full-time employees - female

Total number of part-time employees - female

Total number of full-time employees - male

Total number of part-time employees - male

Total number of full-time employees - Non-binary

Total number of part-time employees - Non-binary

Describe the methodologies and assumptions used to compile the data

We have included all fulltime/parttime
employees and contractors as of 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 employment information provided

33 of 34 are direct employees. 32 of the direct
employees are full-time and 1 is part-time. In
addition, 1 person is a part-time contractor and
provides a specialized service that is not
required on a full-time basis.

Describe significant fluctuations, if any, in the number of employees during the reporting period and between reporting periods

The number of employees did not fluctuate
significantly during the year. 7 people left
during 2022 and 8 new people were hired.

Workers who are not employees

Describe the most common types of worker and their contractual relationship with the organization

The Company has service agreements with
external companies to supply staffing at the
project site that will fluctuate throughout the
year depending on the level of activity. The
Company does not have a direct contractual
relationship with these workers, but with the
service provider (i.e. a drilling company). They
are typically paid an hourly wage by the service
provider.

The type of work they perform

The workers are typically engaged in drilling,
kitchen and janitorial work, core shack
technicians

Report the total number of contractors by employment type (permanent and temporary), by gender

Total number of permanent contractors

Total number of permanent contractors - female

Total number of permanent contractors - male

Total number of permanent contractors - Non-binary

Total number of temporary contractors

Report the total number of contractors by employment type (full-time and part-time), by gender

Total number of full-time contractors - female

Total number of part-time contractors - female

Total number of full-time contractors - male

Total number of part-time contractors - male

Total number of full-time contractors - Non-binary

Total number of part-time contractors - Non-binary

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.

Turnover

Report the total number and rate of employee turnover during the reporting period, by age group, and gender

All Employees

Total number of turnover (the number that left during the period)

Rate of turnover

20.8955%

Female employees

Total number of turnover (the number of females that left during the period)

Rate of turnover, females

7.6923%

Male employees

Total number of turnover (the number of males that left during the period)

Rate of turnover, males

29.2683%

Non-binary employees

Total number of turnover (the number non-binary that left during the period)

Rate of turnover, non-binary

Does Not Apply

Turnover & Age Breakdown

Employees aged 30 years old and under

Total number of turnover (the number that left during the period)

As percent of total employees

35.2941%

Rate of turnover

27.2727%

Employees aged between 30 and 50 years old

Total number of turnover (the number that left during the period)

As percent of total employees

41.1765%

Rate of turnover

14.8148%

Employees over 50 years old

Total number of turnover (the number that left during the period)

As percent of total employees

20.5882%

Rate of turnover

25.0000%

Identify types of employees captured in the turnover rate calculations

All employees on the payroll

Average age of employees

Diversity and Equal Opportunity

Report the percentage of employees per employee category in each of the following diversity categories

Board of Directors

Total Board of Directors

Percent Male

85.7143%

Percent Female

14.2857%

Percent Non-Binary

0.0000%

Percent under 30 years of age

0.0000%

Percent between 30 and 50 years of age

42.8571%

Percent over 50 years of age

57.1429%

Senior Management

Total Senior Managers

Percent Male

55.5556%

Percent Female

44.4444%

Percent Non-Binary

0.0000%

Percent under 30 years of age

0.0000%

Percent between 30 and 50 years of age

44.4444%

Percent over 50 years of age

55.5556%

Salaried (excluding Senior Management)

Total Salaried (excluding Senior Management)

Percent Male

62.5000%

Percent Female

37.5000%

Percent Non-Binary

0.0000%

Percent under 30 years of age

50.0000%

Percent between 30 and 50 years of age

37.5000%

Percent over 50 years of age

8.3333%

Technical Employees (skilled hourly)

Total Technical Employees

Production Employees (unskilled hourly)

Total Production Employees

Contractors:

Total Contractors

Percent Male

0.0000%

Percent Female

100.0000%

Percent Non-Binary

0.0000%

Percent under 30 years of age

0.0000%

Percent between 30 and 50 years of age

100.0000%

Percent over 50 years of age

0.0000%

Labour Relations

Collective Bargaining Agreements

Percentage of total direct employees covered by collective bargaining agreements

0.0000%

For 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. Troilus operates in a sole jurisdiction -
Canada - which has robust laws to protect
employees.

Notice Periods

Minimum number of weeks’ notice typically provided to employees and their representatives prior to the implementation of significant operational changes that could substantially affect them

Occupational Health and Safety

Work-related Injuries

Injuries - For all employees

i. Number of fatalities as a result of work-related injury

i. Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours worked

0.000

ii. Number of high-consequence work-related injuries (excluding fatalities)

ii. Rate of high-consequence work-related injuries (excluding fatalities)

0.000

iii. Number of recordable work-related injuries

iii. Rate of recordable work-related injuries

0.000

iv. Main types of work-related injury, e.g., confined space, trips, falls, etc.

Minor contusions, cuts, scrapes, sprains due to
use of tools and physical activity.

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.

v. Number of hours worked

65,920

Lost Time Injuries (LTIs)

Lost Time Injuries Rate (LTIR)

0.000

Injuries - workers who are not employees but whose work and/or workplace is controlled by the organization

i. Number of fatalities as a result of work-related injury

i. Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours

0.000

ii. Number of high-consequence work-related injuries (excluding fatalities)

ii. Rate of high-consequence work-related injuries (excluding fatalities)

0.000

iii. Number of recordable work-related injuries

iii. Rate of recordable work-related injuries

0.000

iv. Main types of work-related injury, e.g., confined space, trips, falls, etc.

Minor contusions, cuts, scrapes, sprains due to
use of tools and physical activity.

v. Number of hours worked

70,000

Workers for service contractors hired by
Troilus completed 70,000 hours of work during
the year.

Lost Time Injuries (LTIs)

Lost Time Injuries Rate (LTIR)

17.143

Combined (Employees and non-employees, but controlled by the organization):

Total Hours Worked

135,920

Total number of all work-related injuries

Rate of work-related injuries

0.000

Total Lost Time Injuries (LTIs)

Lost Time Injuries Rate (LTIR)

8.829

Report the work-related hazards that pose a risk of high-consequence injury, including

i. How have these hazards been determined

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, aging infrastructure, 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.

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.

ii. Which of these hazards have caused or contributed to high-consequence injuries during the reporting period

None

iii. 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.

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 in 2022, a full-time nurse
is always on site.

Report on actions taken or underway to eliminate other work-related hazards and minimize risks using the hierarchy of controls

With the exception of a 6 week period at the
beginning of the global pandemic in 2020,
Troilus has remained in operation. In 2022,
Troilus continued to monitor public health
guidance and ensured protocols were in place
to minimize the risk of the spread of COVID-19
amongst staff and contractors at site. This
included physical modifications of common
areas to allow for social distancing, health
questionnaire, and testing in advance of arrival
at site, isolation rooms in the event of
symptoms, and increased cleaning and hygiene
protocols. In 2022, the Company employed a
full-time nurse at the project site on a 24/7
basis.

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

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

20.63

Average hours of health, safety, and emergency response training for (b) contract employees

Security, Human Rights and Rights of Indigenous People

Identify the countries of operations within the World Bank's list of “Fragile and Conflict-Affected Situations”

None

Describe the nature of any social risks, for all operating countries, that could have a material risk to 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.

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 inferred, indicated and measured resources 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

Percentage of inferred, indicated and measured resources that are located in or near areas that are considered to be indigenous peoples’ land

100.0000%

Describe due diligence practices and procedures with respect to indigenous rights of communities in which it operates or intends to operate

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.

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)

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.

Programs

Report on community relations programs, objectives and achievements in the past 3 years

In 2022, Troilus has focused on direct
engagement with local community leadership
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.

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 employs a Community
Liaison Officer who is indigenous 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.

Risks and Opportunities

Disclose the total number of site shutdowns or project delays due to non-technical factors

Disclose the total aggregate duration (in days) of site shutdowns or project delays due to non-technical factors

Governance

Climate Change

Oversight

Is there board-level oversight of climate-related issues within your organization

Yes

Responsibility

Provide the highest management-level position(s) or committee(s) with responsibility for climate-related issues

Sustainability committee

Nature of primary responsibility

Assessing climate-related risks and
opportunities

Reporting

Frequency of reporting to the board on climate-related issues

Quarterly

Incentives

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.

Risk and Opportunity Management

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

Provide details of identified risks in your direct operations with the potential to have a substantive financial or strategic impact on your business, and your response to those risks

Risk 1

Where in the value chain does the risk driver occur

Direct operations

Risk type and primary driver

Acute Physical - Increased likelihood and
severity of wildfires

Time horizon of risk

Long-term

Likelihood of impact

Likely

Magnitude of impact

Unknown

Potential impact financial figure and explanation

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 for 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

Other, please specify

Wildfires have the potential to cause
temporary shutdown of exploration and
development activities which could delay
development timelines.

Cost of response to risk and description

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 co