Troy Appoints Martin Purvis as Chief Executive Officer and Managing Director

PERTH, WESTERN AUSTRALIA--(Marketwired - Sept. 1, 2014) -

NOT FOR RELEASE TO UNITED STATES NEWSWIRE SERVICES

Gold producer Troy Resources Limited (ASX:TRY)(TSX:TRY) is pleased to announce it has appointed experienced international mining executive Martin Purvis as its new Chief Executive Officer and Managing Director, with effect from 1 September, 2014.

Mr Purvis, a qualified mining engineer, was most recently Chief Executive Officer of Singapore-based Sakari Resources Limited, a 10Mtpa coal mining business that was demerged from ASX-listed Straits Resources in 2010.

He joined Straits in 1997 to set up the Group's Indonesian operations and went on to hold several key executive roles in the Company, including Chief Operating Officer and Executive Director - Marketing and Business Development.

Mr Purvis started his career in the deep level gold mines in South Africa as an Anglo American Scholar before moving to diversified mining house Gold Fields Limited where he held a number of Senior Corporate Management roles.

Prior to accepting the role, Mr Purvis visited the Casposo mine in Argentina and the Company's main growth project, Karouni in Guyana.

"There's no question about the future potential and quality of the asset portfolio, as well as the proven skills and dedication of the workforce at both these sites," he said.

"The Troy team has a wonderful track record of building mines quickly and at a low cost and then returning profits to shareholders."

"I'm really looking forward to working with this team, to grow the production base and to lift the Company's valuation through continuous improvement at the Casposo and Andorinhas operations as well as the successful development of Karouni."

Troy Chairman David Dix said the Company was very pleased to have secured an executive of Mr Purvis's calibre to lead it forward after an extensive local and international search conducted by Gerard Daniels.

"With over 30 years' experience on the front line of the mining industry, in a variety of challenging roles, we are confident that Martin is the right match for Troy. He has the right skill set to ensure the Company maintains the significant momentum it has built up over recent years," Mr Dix said.

Key terms of Mr Purvis's Executive Service Agreement are included below.

ABOUT TROY RESOURCES

Troy (ASX:TRY)(TSX:TRY) is a successful gold and silver producer with a track record of low cost mine development and production. The Company is unique amongst its peers having paid 13 fully franked cash dividends over the 13 years to 2012. The Company expects to recommence paying dividends once the Karouni Project is in production.