Troy Resources NL
ASX : TRY
TSX : TRY

Troy Resources NL

August 03, 2011 09:00 ET

Troy Resources NL: Public Announcement Media Speculation

PERTH, WESTERN AUSTRALIA--(Marketwire - Aug. 3, 2011) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Troy Resources NL ("Troy") (TSX:TRY)(ASX:TRY) refers to the article appearing in the Financial Review newspaper today, 3 August, titled Troy to Sell Sandstone.

As previously disclosed to ASX, the Sandstone operation in Western Australia is under care and maintenance and its future is under review. Troy Resources is considering a number of options in relation to Sandstone, which could include the sale of all or part of the property and/or underlying assets. Troy Resources is uncertain as to what the potential value of a transaction would yield for the Company, however notes that based on recent transactions an expected range could be $0 to $20 million.

Troy Resources remains in compliance with ASX Listing Rule 3.1.

ABN 33 006 243 750

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