SOURCE: Trophy Resources, Inc.

February 24, 2009 10:00 ET

Trophy Resources Settles Debt With Major Creditors

ALPHARETTA, GA--(Marketwire - February 24, 2009) - Trophy Resources (PINKSHEETS: TRSI) is pleased to announce a final settlement with its three major creditors. With these agreements Trophy has settled over $800,000.00 in debts owed from the company's past ventures. By settling these debts the company is positioned to move forward in making strategic acquisitions or combinations that will be accretive to the company.

Please note that Trophy is not completely debt free with approximately $60,000 in other small debts, but that these settlements greatly improve our ability to move forward. We would like to thank our creditors for their cooperation in this matter. We look to further update the investment community and our investors as we move forward.

Lastly, we are committed to improving transparency for the investors by providing periodic updates as well as our intent in updating issuer information on the pink sheets and company web site as they occur.

Trophy Resources, Inc. (www.trophyoil.com) is a development stage company. The Company's goal is to evaluate profitable options, build a solid foundation of assets through acquisition of existing businesses, 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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