AAA_Troilus Gold Corp - pending
Research Report

Disclosures

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Troilus Gold Corp. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Troilus Gold Corp., a company mentioned in this article.

Important Disclosures from Stifle GMP, Troilus Gold Corp., April 22nd, 2022

We, Ian Parkinson and Cole McGill, certify that our respective views expressed in this research report accurately reflect our respective personal views about the subject securities or issuers; and we, Ian Parkinson and Cole McGill, certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendations or views contained in this research report. Our European Policy for Managing Research Conflicts of Interest is available at www.stifel.com/institutional/ImportandDisclosures. 

For a price chart with our ratings and target price changes for TLG CN go to http://stifel2.bluematrix.com/sellside/Disclosures.action?ticker=TLG CN
The rating and, where applicable, target price history for Stifel and its securities prior to December 9, 2019 on the above price chart reflects research analyst views at GMP Securities L.P. prior to its acquisition by Stifel Financial Corporation. Prior to October 18, 2020, Stifel Canada utilized an investment rating system that was different from the rating system currently utilized at Stifel Canada. For a description of the investment rating system previously utilized by Stifel Canada research analysts during the past three years, go to https://www.stifel.com/docs/pdf/disclosures/Canada/ResearchRecommendationStructure.pdf
Troilus Gold is a client of Stifel Canada or an affiliate or was a client of Stifel Canada or an affiliate within the past 12 months.
Troilus Gold has paid the research analyst’s travel expenses to view their material operations.
Troilus Gold is provided with investment banking services by Stifel Canada or an affiliate or was provided with investment banking services by Stifel Canada or an affiliate within the past 12 months. Troilus Gold is provided with non-investment banking securities related services by Stifel Canada or an affiliate or was provided with noninvestment banking securities related services by Stifel Canada or an affiliate within the past 12 months.
Stifel Canada or an affiliate has received compensation for investment banking services from Troilus Gold in the past 12 months.
Stifel Canada or an affiliate expects to receive or intends to seek compensation for investment banking services from Troilus Gold in the
next 3 months. Stifel Canada or an affiliate managed or co-managed a public offering of securities for Troilus Gold in the past 12 months.
The equity research analyst(s) responsible for the preparation of this report receive(s) compensation based on various factors, including
Stifel's overall revenue, which includes investment banking revenue.

Additional Disclosures
Please visit the Research Page at www.stifel.com for the current research disclosures and respective target price methodology applicable to the companies mentioned in this publication that are within Stifel Canada's coverage universe. For a discussion of risks to target price including basis of valuation or methodology, please see our stand-alone company reports and notes for all stocks. The information contained herein has been prepared from sources believed to be reliable but is not guaranteed by us and is not a complete summary or statement of all available data, nor is it considered an offer to buy or sell any securities referred to herein. Opinions expressed are as of the date of this publication and are subject to change without notice. These opinions do not constitute a personal recommendation and do not take into account the particular investment objectives, financial situation or needs of individual investors. Employees of Stifel, or its affiliates may, at times, release written or oral commentary, technical analysis or trading strategies that differ from the opinions expressed within. Stifel or any of its affiliates may have positions in the securities mentioned and may make purchases or sales of such securities from time to time in the open market or otherwise and may sell to or buy from customers such securities on a principal basis; such transactions.
may be contrary to recommendations in this report. Past performance should not and cannot be viewed as an indicator of future performance.
Unless otherwise noted, the financial instruments mentioned in this report are priced as of market close on the previous trading day and
presumed performance is calculated always over the next 12 months.
As a multi-disciplined financial services firm, Stifel regularly seeks investment banking assignments and compensation from issuers for
services including, but not limited to, acting as an underwriter in an offering or financial advisor in a merger or acquisition, or serving as a
placement agent in private transactions.
Affiliate Disclosures
This report has been prepared by Stifel Nicolaus Canada Incorporated. (“Stifel Canada”), which is authorized and regulated by
the Investment Industry Regulatory Organization of Canada (“IIROC”), and also trades under the names “Stifel GMP” and/or “Stifel
FirstEnergy”. All relevant disclosures required by regulatory rules (including IIROC)and Stifel Canada’s recommendation statistics and
research dissemination policies can be obtained at www.Stifel.com/Research or by calling Stifel Canada’s Compliance Department. Stifel
Canada will provide, upon request, a statement of its financial condition and a list of the names of its Directors and senior officers.
References to “Stifel” (collectively ”Stifel”) refer to SFC and other associated affiliated subsidiaries including (i) Stifel, Nicolaus & Company,
Incorporated (“SNC”); (ii) Keefe, Bruyette & Woods, Incorporated (“KBWI’’), which are both U.S. broker-dealers registered with the United
States Securities and Exchange Commission (“SEC”) and members of the Financial Industry National Regulatory Authority (“FINRA”),
respectively; (iii) Stifel Nicolaus Canada, Incorporated. (“Stifel Canada”), which is authorised and regulated by Investment Industry
Regulatory Organization of Canada (“IIROC”), and also trades under the names “Stifel GMP” and/or “Stifel FirstEnergy”; (iv) Stifel Nicolaus
Europe Limited (“SNEL”), which is authorised and regulated by the Financial Conduct Authority (“FCA”) (FRN 190412) and is a member of
the London Stock Exchange and also trades under the name Keefe, Bruyette & Woods Europe (“KBW Europe”); and (v) Stifel Europe Bank
AG (“SEBA”), which is regulated by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht;
“BaFin”) and is a member of Deutsche Boerse and SIX Swiss Exchange and (vi) Stifel Schweiz AG (“STSA”), which is representative of
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to as Stifel Europe.
Registration of non-US Analysts: Any non-US research analyst employed by Stifel contributing to this report is not registered/qualified as
a research analyst with FINRA and is not an associated person of the US broker-dealer and therefore may not be subject to FINRA Rule
2241 restrictions on communications with a subject company, public appearances, and trading securities held by a research analyst account.
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is produced by analysts in accordance with local regulatory requirements relating to such research. In certain jurisdictions, this issuer
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Policy for Managing Research Conflicts of Interest for additional information.
Country Specific and Jurisdictional Disclosures
United States: Research produced and distributed by Stifel Canada is distributed by Stifel Canada to "Major US Institutional Investors" as
defined in Rule 15a-6 under the US Securities Exchange Act of 1934, as amended. SNC may also distribute research prepared by Stifel
Canada directly to US clients, including US clients that are not Major US Institutional Investors. In these instances, SNC accepts responsibility
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document must be effected by SNC. US clients wishing to place an order should contact their SNC representative.