VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 21, 2012) - Troy Energy Corp. (the "Corporation" or "Troy") (NEX:TEG.H) announces that is has acquired four Petroleum & Natural Gas Leases in Eastern Saskatchewan, north of the Town of Pelly. The Leases were acquired via Crown Land sales for an aggregate cost of $106,172.50 and cover an aggregate net acreage of 8,960 acres. Subject to further diligence, acquisition of surface rights and financing, the Corporation expects to conduct an exploratory drilling program under the Leases in 2012.
Forward Looking Statements
Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.
Contact Information:
James Owen
President and Chief Executive Officer
(604) 684-9201
(604) 684-9877 (FAX)