Western Troy Capital Resources Inc.

Western Troy Capital Resources Inc.

July 08, 2008 09:03 ET

Western Troy Announces the Quebec Ministry of Transport Begins Otish Mountain Access Road Feasibility Field Work

TORONTO, ONTARIO--(Marketwire - July 8, 2008) - Western Troy Capital Resources Inc. (TSX VENTURE:WRY) ("Western Troy") announced today that the Quebec Ministry of Transport has contracted for an airborne survey of the proposed route for the Otish Mountain Access Road. Geolocation Nord-du-Quebec (GNQ) will perform the airborne survey beginning July 8, 2008. The proposed route includes two alternatives for the road that will pass near Western Troy's MacLeod Lake Molybdenum/Copper Project. One of the routes passes to within 70 kilometers of MacLeod Lake and the other passes to within 55 kilometers of MacLeod Lake. The recently completed Preliminary Assessment of the MacLeod Lake Project included the estimated cost of a 70 kilometer road spur from the Otish Mountain Access Road to the project site. The Quebec Ministry of Transport is targeting early 2010 for the start of construction of the Otish Mountain Access Road which would fit well with Western Troy's plans for the start of mine construction at MacLeod Lake in early 2010.

Western Troy has also contracted with GNQ to perform an airborne survey of the road spur from the Otish Mountain Access Road to MacLeod Lake and the MacLeod Lake proposed mine site area. The survey work for Western Troy will be performed concurrent with GNQ's work for the Quebec Ministry of Transport.

About Western Troy

Western Troy Capital Resources Inc. is a mineral exploration company. Its 100%-owned MacLeod Lake Molybdenum/Copper Project, located approximately 275 kilometers 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) of the MacLeod Lake Project from Scott Wilson Roscoe Postle Associates of Toronto. The Scoping Study indicates that at copper and molybdenum prices that are roughly 55% of current market prices, the MacLeod Lake Project has a net present value (NPV at a 10% discount rate) of $156 million and an internal rate of return (IRR) of 32%. The Scoping Study along with a resource estimate consistent with NI 43-101 have 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 and uranium exploration properties in Quebec. The shares of Western Troy trade on the TSX Venture Exchange under the symbol WRY, with 19,550,970 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

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