Troy Resources NL

Troy Resources NL

April 27, 2008 23:00 ET

Troy Resources NL: Full Results for First Drill Hole at Two Mile Hill Prospect, Sandstone Western Australia

PERTH, WESTERN AUSTRALIA--(Marketwire - April 27, 2008) -



- Complete assay results received for Hole TDD034 to end of hole (EoH) at 450.7m;

- New assays for the interval 285m to 450.7m are 165.7m at an average of 1.45 g/t gold;

- Full hole results include: 141m at 2.30 g/t gold from 177m downhole including 12m @ 9.05g/t gold from 209m, 7m @ 9.47g/t gold from 257m, 3m at 13.51g/t gold from 268m, 4m at 2.76g/t gold from 297m, and 3m at 5.83g/t gold from 306m; and 50m at 2.71g/t gold from 321m.

Troy Resources NL ("Troy") (TSX:TRY)(ASX:TRY) is pleased to advise it has received the balance of the assay results for its first deep diamond drill hole (Hole, TDD034) at the Two Mile Hill Prospect located 2.7 kilometres northeast of the Sandstone Mill.

Complete assay results received from Hole TDD034 for downhole intervals from surface to 450.7m EoH include:

- 141m grading 2.30g/t gold from 177m to 318m. (This includes the original intersection of 108m at 2.59g/t gold from 177m depth reported in the April 9, 2008 Press Release.) The 33m interval from 285m to 318m averages 1.32g/t gold and includes 4m at 2.76g/t gold from 297m and 3m at 5.83g/t gold from 306m.

- 50m grading 2.71g/t gold from 321m including 2m at 2.03g/t gold from 323m and 1m at 109g/t gold from 336m.

- 44m grading 0.92g/t gold from 374m including 2m at 2.27g/t gold from 374m, 1m at 4.98g/t gold from 382m, 1m at 4.29g/t gold from 398m and 4m at 3.21g/t gold from 414m.

- 26.7m at 0.74g/t gold from 424m including 1m at 10.6g/t gold from 444m.

Complete results for Hole TDD034 are contained in Table 1 below. All low grade intervals are calculated using a 0.2g/t gold lower cut-off and allowing 2 meters internally at less than 0.2g/t gold. No top cut has been applied. Included high grade intervals have been calculated at a 1.0g/t gold cut-off allowing 2 metres of internal dilution at less than 1.0g/t gold and no top cut has been applied.

The hole targeted an open stockwork of flat lying quartz veins hosted in a tonalite intrusive and was drilled to 450.7 metres depth. The hole remained within the tonalite over its entire length.

Numerous quartz veins were intersected throughout the total length of the hole and 30 occurrences of visible gold were noted primarily within sets of narrow, quartz veins dipping at a shallow angle to the southeast. The known lateral extent of the tonalite is a strike length of 200 metres and a width of 50 metres. However, the extent of quartz vein hosted gold mineralisation within the intrusive is not known at this stage.

A second hole, TRCD727 located 80 metres south and 100 metres east of the first hole was drilled to test the projected intersection of a Banded Iron Formation ("BIF") near the intrusive contact on the eastern margin of the tonalite, and the tonalite itself. The hole passed through highly silica, carbonate and pyrite altered basalt to a downhole depth of 258 metres before intersecting contorted, siliceous, pyrite and magnetite bearing BIF to a depth of 306 metres where the tonalite stock was intersected. The hole was terminated at 402.6 metres within the tonalite and 11 occurrences of visible gold were noted within quartz veins in the tonalite. The core has been cut, sampled and submitted for assay, with results expected in the near future.

Troy's CEO Paul Benson commented, "Obviously its pleasing to see the continuation of mineralisation in the remainder of the first deep diamond drill hole at the Two Mile prospect. We hope to have assays from the second diamond drill hole, which intersected the Banded Iron Formation near the igneous contact, within the next couple of weeks. Once we have that data we can determine what additional work should be completed to understand the full potential of this zone."

A copy of this announcement with Drill Hole Cross Section and Location Plan can be found on the Company's website at:

This report contains forward-looking statements. These forward-looking statements reflect management's current beliefs based on information currently available to management and are based on what management believes to be reasonable assumptions. A number of factors could cause actual results, performance, or achievements to differ materially from the results expressed or implied in the forward looking statements. Such factors include, among others, future prices of gold, the actual results of current production, development and/or exploration activities, changes in project parameters as plans continue to be refined, variations in ore grade or recovery rates, plant and/or equipment failure, delays in obtaining governmental approvals or in the commencement of operations.

For purposes of Clause 3.4(e) in Canadian Instrument 43-101, the company warrants that Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.

ABN 33 006 243 750

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