Vancouver, British Columbia, Canada, March 12, 2021 – TROUBADOUR RESOURCES INC. (the “Company”) (TSX VENTURE: TR) (OTCQB: TROUF) is pleased to announce a private placement financing of up to 5,000,000 units (each a “Unit”) at $0.12 per Unit for gross proceeds of up to $600,000 (the “Offering”).

Each Unit consists of one common share (a “Share”) in the capital of the Company and one-half of one non-transferable share purchase warrant (each whole share purchase warrant a “Warrant”) of the Company.  Each full Warrant will entitle the holder to purchase one additional Share at a price of $0.18 for an 18-month period after the Closing Date.

The Company may pay a finder’s fee in cash in connection with the Offering.

Proceeds raised from the Offering will be used to fund eligible exploration expenditures on the Company’s Texas project.  All securities issued under the Offering, including securities issuable on the exercise thereof, are subject to a hold period expiring four months and one day from the date of issuance.

The Offering is subject to the acceptance of the TSX Venture Exchange.

About Troubadour
TROUBADOUR RESOURCES INC. (TSX.V: TR) (OTC PINK: TROUF) is a public Canadian mining exploration company focused on copper and gold in British Columbia, Canada. The Company is managed by an experienced team consisting of youthful and seasoned professionals with proven track records as mine finders.  The newly acquired Texas gold property diversifies the Company’s commodity focus and compliments Troubadour’s Amarillo copper project located 10 km south of the past-producing Brenda Mine in southern BC and 35 km east of Kodiak Copper’s MPD discovery.

For further information please contact:
Troubadour Resources Inc.
625 Howe Street, Suite 488
Vancouver, BC V6C 2T6
Geoff Schellenberg, President
Office: (604) 681-0221
geoff@troubadourresources.com