Troubadour Resources Inc. Announces Amendment to May 21, 2024 Option Agreement with Xander Resources Inc.

Vancouver, British Columbia, Canada, June 13, 2024 TROUBADOUR RESOURCES INC. (the “Company”) (TSX VENTURE: TR) (OTC: TROUF) announces an amendment to the Option Agreement with Xander Resources Inc. (“Xander” or the “Optionee”), initially announced on May 21, 2024.

The amendment modifies the share issuance terms as follows:

• Troubadour will issue 2,000,000 of the 2,500,000 shares to Xander at each payment milestone. The first issuance occurs upon signing, with the second due by the six-month anniversary of the Agreement. An arms-length party will receive 500,000 shares, i.e., 20% of the payment, for each of the payments. The total consideration due remains a total of 5,000,000 shares of Troubadour to earn 100%.
• Share issuances will proceed only if they do not cause Xander or the arm’s-length party to hold more than 10% of Troubadour’s total issued shares.

All other terms of the original Agreement remain unchanged.

The amended Agreement and the share issuances are subject to approval from the TSX Venture Exchange.

About Troubadour Resources Inc. Troubadour Resources Inc. is a North American mineral acquisition and exploration company focused on the development of quality battery and precious metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Troubadour trades on the TSX Venture Exchange under the symbol TR and the OTCPK Market under the symbol TROUF.