Troy Resources NL
ASX : TRY

Troy Resources NL

December 07, 2007 18:57 ET

Troy Resources NL Files Preliminary Prospectus and Receives Conditional Approval for TSX Listing

PERTH, WESTERN AUSTRALIA--(Marketwire - Dec. 7, 2007) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Troy Resources NL ("Troy") (ASX:TRY) is pleased to announce that it has filed and received a receipt for its preliminary prospectus in respect of a public offering of fully paid ordinary shares in each of the provinces of Canada. The number of ordinary shares to be offered and the price per share will be determined prior to the filing of the final prospectus.

The offer will be made by a syndicate of agents led by Scotia Capital Inc. and including Macquarie Capital Markets Canada Ltd., National Bank Financial Inc. and RBC Capital Markets.

The Toronto Stock Exchange (the "TSX") has conditionally approved the listing of Troy's fully paid ordinary shares on the TSX. Listing of Troy's fully paid ordinary shares on the TSX is conditional upon Troy fulfilling all of the listing requirements and conditions of the TSX on or before February 19, 2008. When listed, Troy's ordinary shares will trade under the code "TRY", the same code as Troy trades under on the Australian Securities Exchange (the "ASX").

Troy's CEO Paul Benson commented, "This is an important step in Troy's evolution. Troy will become a dual listed company and thus have access to broader international markets. The share issue will increase the number of Troy's institutional share holders and help fund the company's aggressive growth strategy."

Troy is a gold mining and exploration company incorporated under the laws of Australia and is listed on the ASX. Troy has been engaged in the acquisition, exploration, development and operation of mineral properties since 1984. Troy's portfolio includes gold projects in Brazil, Australia and Mongolia.

Additional information relating to Troy is available on the company's website at: www.try.com.au.

The securities referred to herein have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States or to a U.S. person absent registration or an applicable exemption from registration.

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