Western Troy Capital Resources Inc.
TSX VENTURE : WRY

Western Troy Capital Resources Inc.

July 26, 2005 11:24 ET

Western Troy Capital Resources Inc.: Press Release

TORONTO, ONTARIO--(CCNMatthews - July 26, 2005) - Western Troy Capital Resources Inc. (TSX VENTURE:WRY) is pleased to announce the results obtained from the recently completed exploration program on its MacLeod Lake Property, which is situated approximately 250 km northeast of Chibougamau, Quebec.

The program consisted of induced polarization (IP) surveys in the South Zone Area and also over 15 square kilometers northeast of the Main Zone - the Northeast Area. The drilling program was comprised of a total of 3,089 metres in 24 holes with 5 holes drilled in the South Zone Area, 9 holes on the Main Zone and 10 in the Northeast Area. Western Troy has earned an interest in a group of claims held by Match Capital Resources Corporation and contiguous to the northeast of the Western Troy Property (the "Northeast Area"). Six of the holes drilled during the current program were drilled on the Match Capital Property which forms part of the Northeast Area.

The Main Zone was the site of the initial discovery in the 1980's of copper - molybdenum (gold, silver) mineralization while the South Zone, 1.7 km to the south of the Main Zone was identified in 1990.

The Main Zone of mineralization was drilled off in the early 1990's and at that time, a "mineral inventory" was identified which quantified the volume/tonnage of mineralized material within the zone as well as the grade. This estimate indicated the presence of 37,100,000 metric tonnes at an estimated grade of 0.44% Cu, 0.05% Mo, 0.04 g/t Au and 3.68 g/t Ag. This is a historical estimate prepared for the previous owner of the property and prepared by the current Qualified Person for the Property. It is not conformable to CIM Estimation of Mineral Resource and Mineral Reserve best practice and guidelines nor is it 43-101 compliant, however, it is considered that had the 43-101 requirements been in place in 1990 it would have met the requirements to be classified as an Indicated Mineral Resource. The tonnage estimate was based on prior data and reports and Western Troy has not completed the additional work necessary to verify the mineral resource estimate and therefore the historical estimate should not be relied upon. Western Troy considers this historical estimate provides an indication of the potential of the property and that it is relevant to ongoing exploration.

The purpose of the recently completed drilling on the Main Zone was to confirm the results obtained in earlier drilling as the basis for an up-dated resource estimate and to further define the limits and/or extension of the mineralization along the northern edge of the Zone and along strike to the west. The results for drill holes ML-05-85 to ML-05-93 are summarized in the following table. All lengths or distances are stated in metres. The Main Zone which has been drilled for a strike length of 1200 m remains open along strike to the east and drill holes ML-05-91, ML-05-92 and ML-05-93 indicate that the zone also remains open to the west and northwest with the potential for additional tonnage in this area.



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Hole Grid Intersection True Au Ag Cu Mo (a)
Co- Width (g/t) (g/t) (%) (%)
ordinates
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Easting Northing From Length
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85 10+75E 1+00S 7.0 82.0 63 0.100 4.27 0.72 0.169
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Azimuth 330 degrees; Inclination -50 degrees
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86 10+75E 1+00S 7.0 68.0 60 0.048 3.12 0.45 0.048
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Inclination -90 degrees
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87 13+00E BL 0+00 36.0 6.0 6 0.077 7.67 0.86 0.096
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And 66.0 8.0 8 0.058 1.5 0.730 0.136
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Azimuth 150 degrees; Inclination -55 degrees
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88 13+00E BL 0+00 43.0 16.0 --- 0.024 0.75 0.23 0.023
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Inclination -90 degrees Hole lost at 59.0 m in mineralization.
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89 15+00E BL 0+00 No significant mineralization.
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Azimuth 150 degrees; Inclination -55 degrees
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90 15+00E BL 0+00 Hole terminated before reaching mineralized zone.
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Inclination -90 degrees
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91 8+00E BL 0+00 16.0 46.0 46 0.039 2.30 0.48 0.045
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Azimuth 150 degrees; Inclination -50 degrees
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92 8+00E BL 0+00 29.0 48.0 36 0.043 2.21 0.46 0.049
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Inclination -90 degrees
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93 10+25E 0+50N 26.0 29.0 28 0.038 3.0 0.44 0.101
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And 68.0 27.0 27 0.024 1.92 0.35 0.002
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Azimuth 150 degrees; Inclination -75 degrees
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(a) Note: Molybdenum value are reported as percent Mo.


The South Zone mineralization was first intersected in 2 drill holes in 1991 and 1992 with, intersections of 5.0 m and 4.9 m of mineralization grading 0.28% Cu and 0.49% Mo and 1.40% Cu and 0.38% Mo respectively at depths of approximately 125 m. The 2005 drilling program consisted of 5 holes drilled from the ice of Rooster Lake 400 m west of the above holes. The South Zone strikes approximately north and dips to the east at approximately 10o. All 5 of the 2005 holes intersected the western up - dip edge of the South Zone, however, copper and molybdenum values were sub-economic.

In the Northeast Area, 10 drill holes were completed evaluating 6 IP anomalies. Propylitic alteration typical of porphyry copper-molybdenum mineralization was intersected in 8 drill holes and minor amounts of chalcopyrite and bornite were observed associated with the alteration in 4 holes. At MacLeod Lake the copper-molybdenum mineralization occurs at the contact with an upper, relatively flat-lying body of granodiorite and underlying gneisses. The drill holes in the Northeast Area which were in the order of 200m long intersected alteration in the granodiorite but failed to intersect the granodiorite/gneiss contact. It is considered that deeper drill holes will be required to evaluate the areas of alteration and associated IP chargeability anomalies.

The IP survey indicated a large chargeability/resistivity anomaly with a strike length of 1000 m on the northern edge of the Northeast survey area. An earlier drill hole, ML-77, completed in 1992 and located on the southern edge of this anomaly intersected 27.4 m assaying 0.20% Cu. Additional IP surveying followed by drilling will be required to completely evaluate this anomaly.

The Main and South Zones are considered to be porphyry copper-molybdenum-type mineralization of Proterozoic Age. Younger age porphyry copper-molybdenum deposits of the American Cordillera typically have molybdenum values ranging between 0.01% and 0.025%. The MacLeod Lake zones display a noticeable enrichment in molybdenum in comparison to the younger deposits and, as a result, long-term molybdenum prices will have a significant impact on the economics of the Project. Over the past two years, molybdenum-oxide prices have been rising significantly from a low in the US$3/lb range to the current level over US$30/lb.

The exploration program was carried out and managed by Stewart Winter, P.Geo., the qualified person for the Project. Mr. Winter logged the drill core in the current program, supervised the sampling and was responsible for the collection and compilation of the data. Mr. Winter also managed the exploration work on the Property in the 1990's carried out by another company.

Western Troy Capital Resources Inc. is a mineral exploration company with 6,248,061 shares outstanding. The Company's 100%-owned MacLeod Lake Property hosts one well defined zone of mineralization as outlined by extensive drilling as well as the South Zone and several IP anomalies of potential interest. The shares of Western Troy trade on the TSX-Venture exchange under the symbol WRY.

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

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