Trio Resources, Inc. Signs Five-Year Off-Take Agreement to Process $30MM of Mineralized Material with United Commodity AG

TORONTO, April 2, 2013 /PRNewswire/ -- Trio Resources, Inc. ("Trio" or the "Company") (OTCBB: TRII) is pleased to announce that it has signed a five-year Off-Take Agreement (the "Agreement") with United Commodity AG ("UC"; Stuttgart: 3UI1:GR; website: http://www.united-commodity.com) to process precious metals from the Company's above-ground stockpiles of silver-containing mineralized material. The Agreement calls for a minimum 334 tons of Trio's feed concentrate to be delivered per month to UC for processing, at its eco-friendly Yukon Refinery in Cobalt, Ontario. The minimum 20,000 tons of deliverable material under the Agreement will originate from Trio's aggregate stockpiles of an estimated 1.3MM tons of mineralized material.

Trio Resources, Inc. maintains stockpiles of mineralized material containing silver, cobalt, nickel, and zinc, all of which are recoverable via UC's treatment process. Trio's aim is that by working with UC and utilizing their cutting-edge facility, the Company will be able to more efficiently and effectively recover its value minerals.

"The Agreement with UC is an important first step toward realizing the value of our above-ground mineralized material, and is essential in propelling our business plan forward with respect to generating positive cash-flows," stated Duncan Reid, CEO of Trio Resources, Inc.

"As a junior exploration and small production company, we are in a unique position insofar as we possess above-ground assets, which could potentially fund our exploration initiatives. Our aim is to continue working to monetize our existing assets, in order to further develop the Company."


About Trio Resources, Inc.

Trio Resources, Inc. is an exploration and small-scale processing company which plans to focus on the exploration and milling of mineralized materials located in historically prolific regions. Trio is organized to hold assets in the mining industry, targeting older mining camps with residual value. Trio's intention is to conduct an exploration program, in conjunction with milling initiatives to monetize its existing above-ground mineralized material on-site, with the purpose of being cash-flow positive primarily through milling and marketing mineralized material and concentrate to refiners. For more information, please visit http://www.trioresources.com.


Cautionary Note Regarding Forward-Looking Statements:

Except for the statements of historical fact contained herein, certain information presented constitutes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to, those with respect to potential expansion of mineralization, potential size of mineralized stockpiles, and size and timing of exploration and development programs, estimated project capital and other project costs and the timing of submission and receipt and availability of regulatory approvals involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Trio to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the factors described in our Report on Form 8-K/A filed with the SEC on March 15, 2013, including the section captioned "Risk Factors" therein. Given these uncertainties, you should not place undue reliance on these forward-looking statements. The forward-looking statements set forth herein reflect our estimates and assumptions only as of the date of this press release and are subject to change after such date. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.



Contact

Trio Resources, Inc.
Toll-Free: 855.321.TRIO (8746)
Fax: 855.321.4335
www.trioresources.com

Investor Contacts
KCSA Strategic Communications
Todd Fromer / Philip Carlson
+1 212.896.1215 / +1 212.896.1233
tfromer@kcsa.com / pcarlson@kcsa.com