Troy Resources NL
ASX : TRY
TSX : TRY

Troy Resources NL

September 09, 2009 22:01 ET

Troy Resources Appoints Andrew Storrie as Operations Manager Brazil

PERTH, WESTERN AUSTRALIA--(Marketwire - Sept. 9, 2009) - Troy Resources NL (TSX:TRY)(ASX:TRY) -

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Growing junior gold producer, Troy Resources NL is pleased to announce it has appointed Mr Andrew Storrie as Operations Manager Brazil.

Mr Storrie commenced his career working at the South Crofty mine in Cornwall before working for 10 in years in Africa and Canada for De Beers and Falconbridge. For the last five years Andrew has held mine construction and management roles in South America and West Africa.

Mr Storrie is fluent in English and Spanish. He holds a Bachelor of Mining Engineering (Hons) degree from the Camborne School of Mines and Exeter University.

Mr Storrie has taken over management responsibility for Troy's Andorinhas mine in Brazil from Mr Ken Nilsson, Troy's Executive Director of Operations, allowing Mr Nilsson to focus on the construction and commissioning of the Casposo project in Argentina.

CEO Paul Benson said, "I am delighted Troy has been able to attract a manager of Andrew's capability and international operations experience. With his experience in narrow vein underground mining and the Latin American working culture, Andrew is perfectly qualified to lead the Andorinhas mine as it moves to bring the Mamao underground operations to full production.

"With Andrew taking over the management responsibility for Andorinhas, Ken Nilsson will focus his attention on building and commissioning Casposo safely, quickly and at low cost. Without doubt Casposo is the cornerstone of Troy's near term growth plans and is key to increasing Troy's production beyond 100,000 ounces per annum. With Ken's wealth of experience and impressive track record as a "mine builder", Casposo could not be in better hands.

"This is an exciting time for Troy. With a 50% jump in gold production last year to just under 62,000 ounces of gold, and forecast growth in each year through at least 2012, we continue to build the depth and talent of the Troy management team. I am confident Andrew will play a key role as we pursue our vision of growing Troy to a mid-tier gold producer."

ABOUT TROY RESOURCES

Troy Resources (TSX:TRY)(ASX:TRY) is a dividend-paying junior gold producer, with a clear growth strategy. The Company has two producing gold operations; at Sandstone in Western Australia and the Andorinhas Mine in Para State, Brazil and a gold silver development project, Casposo, in San Juan province, Argentina.

Troy has an experienced Board and management team with a portfolio of successful, fast-track mine development and low-cost operations.

Troy has an annual exploration budget of $5 million and a proven track record in exploration discoveries and strategic acquisitions.

Troy is currently focused on developing its Casposo Project, which it acquired in May 2009. With the acquisition and development of Casposo, Troy is entering a renewed growth phase which will again lift the Company's annual gold production above 100,000 ounces of gold per annum.

The Company maintains a robust balance sheet, and its current assets are forecast to continue to generate strong cash flow. Troy's gold production is unhedged; allowing its shareholders access to the full benefit of current and future gold price upside.

With the recent Casposo acquisition, Troy is positioned to continue its path of strong growth and profitable operations and is well on track to achieve its vision of becoming a highly profitable mid-tier gold producer with a portfolio of quality long-life assets.

Troy is a responsible corporate citizen, committed to the best practice of health and safety, environmental stewardship and social responsibility.

To view PROJECT LOCATIONS please click on the following link: http://media3.marketwire.com/docs/try909.jpg

ABN 33 006 243 750

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