Western Troy Capital Resources Inc.

Western Troy Capital Resources Inc.

September 29, 2009 10:31 ET

Western Troy Completes Drilling at Schefferville Gold Prospect and Reports Results From Sampling at its Lac Washicoutai Rare Earths Prospect

TORONTO, ONTARIO--(Marketwire - Sept. 29, 2009) - Western Troy Capital Resources Inc. (TSX VENTURE:WRY) ("Western Troy") is pleased to announce today that it has completed a 700 meter core drilling program on its Schefferville Gold Prospect in Quebec, and analyses have been received from sampling at its Lac Washicoutai Rare Earths Prospect.

Schefferville Gold Prospect: Western Troy contracted with Cartwright Drilling of Goose Bay, Newfoundland to drill approximately 700 meters of diamond drill holes at Western Troy's Schefferville Gold Prospect. The claim group includes prospects over an area of approximately 40 kilometers by 30 kilometers, the center of which is located 50 kilometers northwest of Schefferville, Quebec. There is an existing road that is within 5 kilometers of the southern end of the area. Gold was discovered in the area in 1985 and the Archean rock formations of this region of Quebec are considered by Western Troy to be relatively under-explored. Western Troy presently holds 122 map staked claims in the area.

Western Troy became interested in the area as a result of examining Quebec Assessment Files (specifically GM52442) which showed anomalous gold values in grab samples, channel samples, and three short drill holes, all located in banded iron formations in the area. The historic drilling records indicate the holes were drilled no deeper than 20 meters. A NI 43-101 assessment of the area has not been prepared. The historic drilling and surface sampling results cannot be verified and should not be considered NI 43-101 compliant.

The current drilling program tested the deeper potential of 3 of the gold prospects. A total of 8 core holes were drilled (average depth of 88 meters) on anomalous gold prospects. Assay results should be available in two to four weeks.

Lac Washicoutai Rare Earth Property: The Lac Washicoutai Rare Earths Prospect is located 72 km east of the town of Natashquan on the North Shore of the St Lawrence River. The property covers 3 rare earth showings over about 5 kilometers on the boundary of gneissic intrusive rocks in contact with gneissic rocks derived from metasediments and volcanics. Trenches dug by past explorers were located and scintilometer readings taken by Western Troy over the area of the showings were found to be up to 3000 cps (counts per second) with the average 1000-2000 cps. Counts per second is a measure of total radioactivity. Background readings are normally less that 100 cps. Rare earth metals are normally associated with radioactivity usually from the associated thorium and uranium. A rock chip sample was taken at the location of the highest scintilometer reading on the prospect with the idea that if the sample taken showed high values, Western Troy would then return to the prospect for further work. The sample was analyzed for rare earth related elements and the preliminary results are as follows:

 CeriumGreater than 1,000 ppm
 Lanthanum 489 ppm
 Thorium474 ppm
 Zirconium 149 ppm
 Yttrium 69 ppm
 Lithium 18 ppm
 Niobium 8 ppm
 Uranium Less than 10 ppm

An exact determination of the cerium content requires more laboratory testing as the equipment used in the initial testing could not detect values for cerium above 1,000 ppm. Further analysis using neutron activation has been ordered. Other rare earth elements not included in the original package have also been ordered. Western Troy will wait for the additional laboratory results before determining the next phase of work on the prospect.

About Western Troy

Western Troy Capital Resources Inc. is a mineral exploration company. Its 100% owned MacLeod Lake Project, located about 275 km north of Chibougamau, Quebec, hosts a well defined Main Zone of mineralization as outlined by extensive drilling. In addition, a South Zone resource and several IP anomalies of potential interest have been identified. In April of 2008, Western Troy received an independent Preliminary Assessment (Scoping Study) consistent with National Instrument 43-101 on its MacLeod Lake Property. The report has been filed on SEDAR and is available at www.SEDAR.com and on Western Troy's website, www.WesternTroy.com. Western Troy also has a number of early stage molybdenum, copper, gold, uranium, platinum, and other minerals exploration properties in Quebec. The shares of Western Troy trade on the TSX Venture Exchange under the symbol WRY, with 19,284,970 shares outstanding.

This press release contains certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: risks related to mining and exploration operations; risks related to joint venture operations; actual results of current exploration activities; changes in project parameters as plans continue to be refined, future prices of resources; possible variations in reserves, grade or recovery rates; accident; labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Rex E. Loesby, P.E., is the qualified person that has reviewed the content of this press release.

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 this release.

Contact Information