SOURCE: Trophy Resources, Inc.

February 26, 2008 10:00 ET

Trophy Greatly Improves Balance Sheet

ALPHARETTA, GA--(Marketwire - February 26, 2008) - Trophy Resources' (PINKSHEETS: TRSI) Joseph Canouse, CEO, is pleased to announce that the company has entered into a debt settlement with its current creditors for equity that allows the company to reduce its outstanding debt by nearly six hundred thousand dollars ($600,000.00).

The conditional settlement allows Trophy to settle its debt with the creditors for equity with releases coming as the equity price improves, halting the downward spiral nature that had previously characterized the settlement. The outstanding debts were incurred prior to Trophy entering into the energy industry and subject to previous legal settlements.

The actions of the company are consistent with our previous stated goals as outlined by Joseph Canouse in December of 2007:

--  Improving transparency for the investors by providing periodic
    updates as well as issuer information on Pink Sheets and company web site.
    
--  Reducing the outstanding debt of the company with the current
    creditors to improve the balance sheet and value of the company.
    
--  Ensuring the three existing wells in development are up and running.
    This will create cash flow to allow the company to further grow.
    
--  Fund the company, when appropriate, to take advantage of existing
    opportunities that are accretive to the value of the company.
    

The company has updated its issuer information statement on Pink Sheets. The company is also preparing to announce its communications policy with the public and schedule periodic updates on the company to its shareholders and the general public.

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 are in the Fort Worth Basin in central Texas, Williston Basin, Montana and the Wind River Basin in Wyoming. 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 exploration with limited experience in the oil and gas industry. At the time of this release Trophy Resources lacks the financial capabilities to meet its financial obligations and its management expects 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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