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Troy Receives Mining Licence for Karouni

Marketwired

PERTH, WESTERN AUSTRALIA--(Marketwired - Feb. 13, 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 the Mining Licence for its Karouni gold project in Guyana (Karouni) has been issued.

As a result of receiving the Licence, the Company is now in a position to proceed to the advanced stage of project development, including plant construction and pre-strip mining operations.

The issue of the Licence also completes the list of conditions and requirements for Troy's $30 million Tranche B Facility with Investec Bank.

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Troy CEO Martin Purvis said the Company recognized the support and commitment it had received from the Guyanese Government in processing the Licence. "With the final stage of permitting now complete, and all major components for construction on site, Troy is now only a matter of months away from commencing production at Karouni."

ABN: 33 006 243 750