Western Troy Capital Resources Inc.
TSX VENTURE : WRY

Western Troy Capital Resources Inc.

August 27, 2007 11:01 ET

Western Troy Announces Share Repurchase Program

TORONTO, ONTARIO--(Marketwire - Aug. 27, 2007) - Western Troy Capital Resources Inc. (TSX VENTURE:WRY)("Western Troy") announced today its intention to effect a normal course issuer bid through the facilities of the TSX Venture Exchange, subject to receipt of regulatory approval. Upon receiving regulatory approval, Western Troy may, during the 12 month period commencing September 4, 2007 and ending September 3, 2008, purchase on the TSX Venture Exchange up to 977,548 common shares in total, representing approximately 5% of the common shares currently issued and outstanding. The price which Western Troy will pay for any such shares will be the market price at the time of acquisition. The actual number of common shares which may be purchased and the timing of any such purchases will be determined by Western Troy. Western Troy has retained W.D. Latimer Co. Limited to effect purchases on its behalf pursuant to the bid.

Western Troy's President, Rex Loesby, commented, "There has been no fundamental change within Western Troy that might account for the recent decline in our share price. We have more than enough cash to cover our 2007 and 2008 planned expenditures and, along with developing our projects on accelerated schedules, we see this repurchase program as beneficial for our shareholders."

About Western Troy

Western Troy Capital Resources Inc. is a mineral exploration company. Its 100%-owned MacLeod Lake Property hosts a well defined Main Zone of mineralization as outlined by extensive drilling, as well as the South Zone and several IP anomalies of potential interest. In October of 2005, Western Troy received an independent Technical Report consistent with National Instrument 43-101 on its MacLeod Lake Property located about 275 km north of Chibougamau, Quebec. 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 has also entered into an Exploration and Development agreement with Aurum Exploration Inc. of Panama, to earn up to 70 percent of Aurum's interest in the Viento Frio Mineral Exploration Concessions, District of Santa Isabel, Colon Province, Panama. The Viento Frio Concessions consist of 10,363 hectares (104 square kilometers) of land that is prospective for gold and base metal mineral deposits. 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.

Contact Information