SOURCE: Trophy Resources, Inc.

March 08, 2007 08:18 ET

Trophy Announces an Aggressive Campaign to Drill for an Estimated $95 Million in Natural Gas and Oil

CLEVELAND, OH -- (MARKET WIRE) -- March 8, 2007 -- (PINKSHEETS: TRSI) -- Trophy Resources (Oil and Natural Gas Division), with the aid of renowned oil and gas "wildcatter" and Harvard University lecturer (also a partner and advisor to the company on this prospect), Mr. Charles Laser, Trophy has determined a recommended sight for the initial test well on their Diamond Springs prospect in Freemont County, Wyoming.

The Diamond Springs prospect is composed of three (Northwest, North and West) independent but geologically similar prospective locations located within the 3300 acre track. It has been determined by Mr. Laser with the assistance of Mr. Ed Finch (of Barnhart Drilling) and Geologist C. P. Abrassart that the Northwest Diamond Springs Prospect holds the greatest initial interest and a sight in this prospect is being recommended.

"This shallow drilling prospect is estimated to be completed within a range of depth 250' to 900' and yield a 75' pay zone in the Frontier Sands (a very prolific oil producing sand). Such a shallow well in this area is initially estimated to cost less than $200,000 for turnkey drilling. If successful this segment of the Diamond Springs prospect could yield an estimated return of approximately $95 million in gross revenue based on current oil and gas prices and therefore should prove to be a great investment for Trophy and any joint venture partners that join this project as we move forward," said Trophy CEO Eric Leonetti.

Trophy is currently, and will continue to actively pursue joint venture partners to become a member of our working team and potentially benefit from any or all of the three segments of this prospect. The company intends to continue to update its shareholders as major events occur.

About Trophy Resources

Trophy Resources, Inc. (www.trophyoil.com) is an independent natural resource company with the goal of controlling lease hold acreage and mineral rights. Trophy's oil interests to date are in the Fort Worth Basin in central Texas, and the Williston Basin, Montana. Trophy expects to acquire advanced-stage projects and/or producing mines in some of the most prolific precious metal districts in the world. The Company's goal is to evaluate profitable options, build a solid foundation of assets through acquisition of land and/or leases, and explore and develop opportunities on these leases.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Trophy Resources, Inc. is an early exploration and production company. At the time of this release Trophy Resources lacks the financial capabilities to meet its financial obligations and its management may find it necessary to dilute the company's shares to raise the necessary operating capital. Based upon industry standards Trophy would be considered highly speculative and lacks any competitive advantage over its competition. Additional risks you should consider, this list is limited and additional risk not mentioned may apply: failure to meet Trophy's financial and contractual obligations, Trophy's managerial errors made based upon the Company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

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