Jermyn Waterman

Troy Resources Limited is engaged in gold and silver production. The Company is engaged in exploration activities principally for gold, at Karouni gold project in Guyana. The Company at its Karouni Block has outlined an inferred resources of approximately 1.6 million ounces (Moz) at the smarts deposit and hicks deposits. The Andorinhas Mine is located in the state of Para in northern Brazil approximately 45 kilometers from the town of Rio Maria, approximately 17 kilometers from the town of Floresta do Araguaia and approximately 310 kilometers from the town of Maraba. The Karouni gold project produced approximately 34, 740 ounces of gold and approximately 356, 770 tons of ore. The Andorinhas mine produced approximately 8, 789 ounces of gold. The Casposo mine operation comprises an open pit, underground mine and a processing plant. The Casposo mine produced approximately 17, 210 ounces of gold.