Trio Resources, Inc. Purchases 100 Ton Mill for Duncan-Kerr Property

TORONTO, Sept. 26, 2013 /PRNewswire/ -- Trio Resources, Inc. ("Trio" or the "Company") (OTCBB: TRII; www.trioresources.com) is pleased to announce that it will install the gravitational mill recently purchased on the Company's Duncan-Kerr Property in Cobalt, Ontario, allowing the Company to process stock piles of mineralized material in house. Trio's mill will process 100 tons a day at full capacity, and is scheduled to go into operation by the end of 2013.

The mill feature's state-of-the-art automation equipment, which is being installed in Toronto, Ontario currently before shipping to the mill site in Cobalt. This will enable management to monitor operations remotely and will maximize production efficiencies. To accommodate the new equipment, the Company is renovating its current facility on the Duncan-Kerr Property. Trio has retained Golder Associates, a leading engineering and construction firm specializing in energy and mining projects, to provide consulting on the design and permitting of the project.

In connection with the purchase of the mill, Trio has cancelled its off-take agreement with United Commodity AG. Trio cancelled the agreement after UC failed to meet the terms laid out in the contract and determining that purchasing its own mill would be more economical than working with this outside contractor.

"This mill gives us the ability to have a much higher capture rate from our mineralized materials allowing Trio to monetize these metals at a much more profitable rate than the agreement that was previously in place with United Commodities," stated Duncan Reid CEO of Trio Resources, Inc. "We are planning to commission our mill by the end of 2013 and expect the signing of smelting contracts throughout the first two quarters of 2014 Fiscal year. Once this mill is up and running, we will be able to generate significant cash flows and maximize the value we capture from our above-ground mineralized materials."


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:

This Press Release contains forward-looking statements. Such statements may include, but are not limited to, information related to: our plans and objectives; anticipated operations and operating results; potential exploration and exploration results; relationships with refiners, purchasers and off-takers; demand for mineralized materials; financial resources and condition; anticipated sales, revenues and profitability; build-out of our mill and milling capacity; changes in accounting treatment; cost of sales; selling, general and administrative expenses; interest expense; the ability to produce the liquidity or enter into agreements to acquire the capital necessary to continue our operations and take advantage of opportunities; legal proceedings and claims. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "plans," "intends," "anticipates," "believes," "seeks," "could," "estimates," "expects," "intends," "may," "potential," "predicts," "projects," "should," "would" and similar expressions intended to identify forward-looking statements. Forward-looking statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. 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
+1 212.896.1215 / +1 212.896.1233
tfromer@kcsa.com / pcarlson@kcsa.com
Todd Fromer / Philip Carlson