Western Troy Capital Resources Inc.

Western Troy Capital Resources Inc.

March 23, 2009 11:19 ET

Western Troy Announces Quebec Funding of the Otish Mountain Road

TORONTO, ONTARIO--(Marketwire - March 23, 2009) - Western Troy Capital Resources Inc. (TSX VENTURE:WRY) ("Western Troy") announced today that within Quebec's just published 2009-2010 Budget, funding in the amount of $130 million has been allocated for construction of the Otish Mountain Road (Highway 167 from Temiscamie to the Otish Mountains). This road is projected to pass within 70 kilometers of Western Troy's MacLeod Lake Project. Below is a portion of the text of the Quebec Ministry of Finance's press release relating to the Otish Mountain Road:

"Implementation of the Northern Plan

The Northern Plan is a major project for the future of Quebec, a project for a generation that consists in developing northern Quebec in partnership with the First Nations, the Inuit and all local communities inhabiting this vast territory. "With this budget, we are taking the first steps toward giving life to this vision for the future," stated the Minister. To that end, she announced:

- the extension of Highway 167 from Chibougamau to the Otish Mountains, and repairs to Highway 389 between Baie-Comeau and Fermont, for a total investment of $698 million;

- a $106-million envelope to improve northern airports."

Western Troy's President, Rex Loesby, commented, "This is a huge positive for our efforts to develop our MacLeod Lake Molybdenum/Copper Project. We are very happy to see that Quebec will support responsible resource development in the North with the Otish Mountain Road Project. Our Scoping Study for MacLeod Lake, published by Western Troy last year, included funds for a 70 kilometer spur road from the planned Otish Mountain Road to MacLeod Lake. So we are on track with our assumptions and plans for the development of the MacLeod Lake Project."

MacLeod Lake Metallurgical Report Received

Western Troy has received the final metallurgical study results from SGS Lakefield following a detailed analysis of the MacLeod Lake ore samples. SGS found that Western Troy should expect to recover approximately 96 percent of the copper and 85 percent of the molybdenum at MacLeod Lake. These results are much better than the recoveries used in the Scoping Study last year (92% for copper and 85% for molybdenum). The full SGS report is available on Western Troy's website at www.westerntroy.com.

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, 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.

Statements in this release that are forward-looking reflect Western Troy's current views and expectations with respect to its performance, business, and future events. Such statements are subject to various risks and assumptions, some, but not necessarily all, are disclosed elsewhere in the Company's periodic filings with Canadian securities regulators. Such statements and information contained herein represent management's best judgment as of the date hereof based on information currently available; however actual results and events may vary significantly. The Company does not assume the obligation to update any forward-looking statement.

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.

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