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Ryan Kalt: Early Warning Press Release Regarding Investment in Troubadour Resources Inc. Open-Market Common Shares ) of Troubadour Resources Inc. ( TSXV:TR)( Triggering Acquisition ). An average price of $0.1684 per common share was paid for the Open-Market Common Shares having aggregate consideration of $25,265. Following the Triggering Acquisition, Mr. Kalt owns, on a beneficial indirect basis through Kalt Industries Ltd. (an entity wholly-owned by Mr. Kalt), a total of 2,600,000 common shares of Troubadour representing 7.48% of the issued and outstanding common shares of Troubadour, as at the date hereof, and 1,000,000 common share purchase warrants of Troubadour which, if exercised in full, would result in Mr. Kalt owning 3,600,000 common shares of Troubadour, representing 10.07% of the issued and outstanding common shares of Troubadour on a post-exercise basis.

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