Troy Resources NL: Change of Company Chairman

PERTH, WESTERN AUSTRALIA–(Marketwire – Oct. 3, 2008) –

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Troy Resources NL (“Troy”) (TSX:TRY)(ASX:TRY) wishes to advise that Mr John Jones will be stepping down as Non-Executive Chairman with effect from 3rd October 2008 but will remain as a Non- Executive Director of the company. Mr Jones was elected as Chairman in November 1988 and has overseen the development of Troy from a junior Western Australian exploration company in the early stages through to a dividend paying gold producer with operations in Australia and overseas.

Mr John Dow has been elected as the new Non-Executive Chairman. Mr Dow has been a Non-Executive Director of Troy since February 2006 and has had a 40-year international career as an explorer and mining executive, most recently as Managing Director of Newmont Australia.

Mr Jones said “I have enjoyed my time leading Troy and I am very proud of what the company has achieved. With production now coming from the new Andorinhas mine in Brazil and a strong balance sheet, Troy is very well placed to pursue further growth opportunities”.

“However, I have decided that now is the appropriate time to pass the baton to John Dow in preparation for the Company’s next phase of growth. I will remain a committed and active Non-Executive Director of Troy and look forward to being a part of the Company’s future successes.

Mr Dow said “On behalf of the Board I would like to thank John Jones for his service and leadership of Troy over more than twenty years. During this time he has been responsible for the creation of significant value for Troy’s Shareholders. Troy now has an exciting future as an international miner and I look forward to working with the Board and management team on this next stage of the Company’s development.”

Information of a scientific or technical nature in this report was prepared under the supervision of Peter J. Doyle, Vice President Exploration and Business Development of Troy, a “qualified person” under National Instrument 43-101 – “Standards of Disclosure for Mineral Projects”, a member of the Australasian Institute of Mining and Metallurgy. Mr. Doyle has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration, and to the activity he is undertaking, to qualify as a “competent person” as defined in the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Doyle has reviewed and approved the information contained in this report. For further information regarding the Sandstone project, including a description of Troy’s quality assurance program, quality control measures, the geology, samples collected and testing procedures in respect of the Sandstone project please refer to the technical report entitled Troy Resources NL: Sandstone Gold project, Mid West Region Western Australia” dated June 2007, which is available under the Company’s profile at www.sedar.com.

This report contains forward-looking statements. These forward- looking statements reflect management’s current beliefs based on information currently available to management and are based on what management believes to be reasonable assumptions. A number of factors could cause actual results, performance, or achievements to differ materially from the results expressed or implied in the forward looking statements. Such factors include, among others, future prices of gold, the actual results of current production, development and/or exploration activities, changes in project parameters as plans continue to be refined, variations in ore grade or recovery rates, plant and/or equipment failure, delays in obtaining governmental approvals or in the commencement of operations.

For purposes of Clause 3.4(e) in Canadian Instrument 43-101, the company warrants that Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.

ABN 33 006 243 750

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