Airborne Geophysics And Ground Exploration Completed On Lake Owen Project

VANCOUVER - Troy Minerals Inc. reported that the USGS (United States Geologic Survey) has completed an airborne magnetics and radiometric survey in Wyoming which included the Lake Owen Project in Wyoming, located approximately 50km southwest of Laramie. As part of the US Government's Critical Metals strategy and their accompanying Earth MRI program, the USGS has shown great interest in the region which has led to the completion of an airborne geophysical survey over the Lake Owen Complex that included flight lines of 100-metre line spacing over the Company's Lake Owen Project area - all at no cost to the Company.

The USGS' focus, and Troy's, is to support and explore the layered mafic intrusive at Lake Owen for critical metals including Titanium, Vanadium, and Platinum Group Elements (PGE).

In addition to the airborne program, USGS geologists visited the Lake Owen project and performed "boots on the outcrop" field work.

Five days were spent on the project by the USGS, sampling a few transects perpendicular to the layering, focusing on the Lower Zone. Magnetic susceptibility measurements were collected along the way and targeted sampling of the more magnetic outcrops. Also sampled was the contact between the Lower and Upper zones, the chill margin at the base of the complex Proterozoic-Archean contact, and some of the felsic units (the quartz diorite and orthogneiss) in the footwall.

Forty-two (42) rock samples were collected for thin section and major/trace element geochemistry. This will include vanadium and titanium concentrations. Analysis will also include PGE geochemistry, Sm-Nd isotopes, and Re-Os isotopes.