On 30 January 2004 in its Quarterly Report Troy reported that...

On 30 January 2004 in its Quarterly Report Troy reported that two reconnaissance rotary
air blast (“RAB”) drill holes 3.2 kilometres north of the Lord Henry Deposit had returned
early promising gold results, namely 50m @ 0.51g/t Au and 28m @ 0.4g/t Au.
Today’s announcement outlines the exceptional results from the initial follow-up drill holes at Lord Nelson. Follow-up, which is ongoing, has included RAB, air core and
reverse circulation drilling in excellent dry drilling conditions. Table 1 (attached) lists all
significant intersections obtained to date.

The gold lode system has been intersected on four drill traverses. The deepest
intersections on each traverse are:

• Section 6883812N 17m @ 7.67g/t Au
• Section 6883740N 16m @ 9.51g/t Au
• Section 6883700N 24m @ 9.86g/t Au
• Section 6883602N 24m @ 4.50g/t Au *
* incomplete intersection, hole ended in mineralisation