Troy Receives Finalised Environmental Permit for the Karouni Gold Project in Guyana

PERTH, WESTERN AUSTRALIA--(Marketwired - Jan. 12, 2015) -

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

Gold producer Troy Resources Limited (TRY.AX)(TRY.TO) is pleased to announce that it has received the Finalised Environmental Permit (Permit) for the construction and operation of its highly rated Karouni gold project (Karouni).

The Permit follows a detailed review and assessment of the Company's Environmental and Social Impact Assessment (ESIA) by the Environmental Protection Agency (EPA). The Permit is valid for 5 years and forms an essential requirement for approval and operation of the Mining Licence.

Notably, the Permit has been issued in accordance with the timeline and guidance provided by the EPA to Troy, at the start of the review process. As a result, Karouni remains on track for the start of operations in Q2 this year.

Commenting on the event, Martin Purvis, CEO said: "This is another important milestone in the development of Karouni and represents a significant achievement in terms of the constructive working relationship between the authorities in Guyana and Troy's local management team. Karouni is now gathering momentum in terms of activity on the ground and the mobilisation of a skilled local workforce and we look forward to meeting our first production target in the June quarter."

ABN: 33 006 243 750