Troy Energy Corp. (TSX VENTURE:TEG.H) (the "Corporation" or "Troy") announces
its intention to conduct a private placement financing of up to 3,000,000 common
shares at a price of $0.15 per share for aggregate gross proceeds of up to
$450,000. In accordance with applicable securities laws, the common shares
issued under this offering will be subject to four-month hold periods. The
proceeds from this offering will be used for restructuring costs and for general
working capital purposes.


Forward Looking Statements

Except for statements of historical fact relating to the Corporation, certain
information contained herein constitutes forward-looking statements.
Forward-looking statements are based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking statements. The
Corporation undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking statements.


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