News: TRY Troy Resources Updates On Operations At Karouni Gold Mine In Guyana

Oct 15 (Reuters) - Troy Resources Ltd (TRY) :

• UPDATES ON OPERATIONS AT KAROUNI GOLD MINE IN GUYANA
• ON 10 OCT, RECEIVED LETTER FROM JUNIOR MINISTER DIRECTING THAT THERE BE CESSATION OF ALL MINING ACTIVITIES WITH IMMEDIATE EFFECT
• MANAGEMENT IS HOPING TO MEET WITH RELEVANT OFFICIALS OF GUYANESE GOVERNMENT OVER COMING DAYS TO DISCUSS WAY FORWARD AT KAROUNI
• CO TOOK STEP OF STANDING DOWN ALL SITE EMPLOYEES EXCEPT FEW
• EMPLOYEES ARE NOT DISMISSED AND CAN RESUME THEIR NORMAL DUTIES IF, OR WHEN ACTIVITIES ON-SITE ARE ABLE TO RESUME
• CO HAS ENCOUNTERED ONGOING STABILITY ISSUES AT SMARTS 3 PIT