Troy Minerals Inc. announced that the first phase of ground exploration has been completed on the Lac Jacques Property located approximately 250km north of Montreal Quebec, Canada. During the Phase One exploration program completed at Lac Jacques, 234 soil samples were collected. The soil program was designed to cover the known mineralization previously sampled from a rare earth element (REE) bearing carbonatite dyke and trench and, along a portion of the proposed strike length of the dyke.

The Company's technical team initiated the soil program along with prospecting and sampling that demonstrates the dyke has a strike length of at least four kilometers east from the trench exposure. Previous work highlighted the dyke's width of up to 20 meters wide. Soil samples have been sent to Activation Laboratories in Val d'Or for preparation and analyses and are expected back in November.

Previous work on the project conducted in 2011 showed high grade REE mineralization exposure in a trenched pink carbonatite dyke. Samples were collected by Resource Maxima and sent to University of Quebec-Montreal Département des Sciences de la terre: Laboratoire de radiocristallographie. Samples were analyzed by XRF and XRD.

In sample MB210511-01 the dominant REE-bearing mineral is allanite, with concentration of 17.26% TREO In sample MB210511-02 the dominant REE-bearing mineral is fluorite, with concentration of 63.8% TREO. The Company has moved to the next phase with the commencement of drilling. Two inclined holes will be drilled from each of two collar locations (one at -45° and the other at -65° inclination) and a drilling azimuth of SSE.

Drill holes from pad LJ 23-01 will drill test the high grade REE exposure while holes from pad LJ 23-02 will test the on-strike extension to the east. The Lac Jacques project is comprised of 20 claims totaling 1169.47 ha. The road accessible project is located 250km north of Montreal with easy drivable access to all parts of the project area.

Hydro power lines are located 2km away from the project boundaries.