Western Troy Capital Resources Inc.

Western Troy Capital Resources Inc.

February 28, 2005 14:34 ET

Western Troy Capital Resources Inc.: Press Release


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: WESTERN TROY CAPITAL RESOURCES INC.

TSX VENTURE SYMBOL: WRY

FEBRUARY 28, 2005 - 14:34 ET

Western Troy Capital Resources Inc.: Press Release

TORONTO, ONTARIO--(CCNMatthews - Feb. 28, 2005) - Western Troy Capital
Resources Inc. (TSX VENTURE:WRY) (the "Company") is pleased to announce
that the Company has entered into a joint venture agreement (the "Joint
Venture') with Match Capital Resources Inc. ("Match Capital") whereby,
subject to board of director approval by each company, the Company will
acquire a 25% joint venture interest in certain mining claims held by
Match Capital (the "Match Capital Claims") for a $125,000 work
commitment.

The Match Capital Claims form part of the same exploration target and
are contiguous to the Company's mining claims in the Eastmain River
project in the James Bay area, Quebec. The Company believes that the
joint exploration of the mining claims is in the interest of both
companies. The $125,000 work commitment will enable further exploration
of the Match Capital Claims and will provide valuable information to the
Company in respect of its own mining claims. The Joint Venture is to be
implemented immediately after receipt of board of director approval so
as to enable exploration of the Match Capital Claims during the winter
season.

The Company and Match Capital are related parties in that each company
is controlled, directly or indirectly, by Stanley Mourin. The Joint
Venture is exempt from the valuation and minority shareholder approval
requirements under Ontario Securities Commission Rule 61-501 sections
5.5(2) and 5.7(2) as neither the fair market value of the subject matter
of, nor the fair market value of the consideration for, the Joint
Venture, exceeds 25% of the Company's market capitalization.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Western Troy Capital Resources Inc.
    Wayne Holmstead
    President
    (416) 361-0737
    (416) 361-0923 (FAX)
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.