Troy Resources NL files final prospectus



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/

    TSX, ASX: TRY

    PERTH, Western Australia, Feb. 1 /CNW/ - Troy Resources NL ("Troy" or the
"Company") (TSX, ASX: TRY) is pleased to announce that it has filed a final
prospectus, and received a receipt therefore, in all of the provinces of
Canada, in respect of an offering of 8,462,000 ordinary shares at a price of
C$2.60 per share for gross proceeds of C$22,001,200 (approx A$24,580,000). In
connection with the offering, the agents have been granted an option to
purchase up to an additional 1,269,300 shares for a period of 30 days from the
closing of the offering. If the option is exercised in full, gross proceeds of
the offering will be C$25,301,380 (approx A$28,270,000). The offering is
scheduled to close on or about February 11, 2008.
    Scotia Capital Inc. is acting as lead agent in connection with the
offering together with a syndicate that includes Macquarie Capital Markets
Canada Ltd., National Bank Financial Inc. and RBC Capital Markets.

    Troy is a gold mining and exploration company, incorporated under the
laws of Australia and is listed on the ASX and the TSX, in each case under the
symbol "TRY". Troy has been engaged in the acquisition, exploration,
development and operation of mineral properties since 1984. Troy's portfolio
includes gold projects in Brazil, Australia and Mongolia.
    Additional information relating to Troy is available on the company's
website at: www.try.com.au.

    The securities referred to herein have not been registered under the US
Securities Act of 1933 and may not be offered or sold in the United States or
to a US person absent registration or an applicable exemption from
registration.





For further information:

For further information: Mr Paul Benson, Chief Executive Officer, Troy
Resources NL, Perth, Western Australia, Tel: (6 18) 9481 1277, Email:
troy@troyres.com.au

Organization Profile

Troy Resources Limited

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