Troy Resources NL: Sale of Interest in Volta Resources Inc.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

PERTH, WESTERN AUSTRALIA -- (Marketwire - Dec. 20, 2010) - Troy Resources NL (TSX: TRY) (ASX: TRY) -


HIGHLIGHTS

* Troy sold its 1.92 million shares of Volta Resources Inc.

* Net proceeds of C$4.5 million or approximately A$4.5 million.

* Troy will book a pre-tax profit on the sale of approximately A$4.2m in the December 31 half year results.


Troy Resources NL ("Troy") is pleased to announce the sale of its interest in Volta Resources Inc. ("Volta") (TSX: VTR). Volta is a TSX listed gold explorer focussed on West Africa. Troy sold its 1,923,076 shares in an off-market transaction.

Net proceeds from the sale are approximately A$4.5 million. The interest was originally acquired via the then TSX listed Birim Goldfields Inc. for A$3.3m in May 2006. With fall in equity markets during the global financial crisis, the carrying value of the interest was written down in the December 2008 accounts to A$0.3m and thus a pre-tax profit on the sale of the interest of approximately A$4.2 million will be recorded in the December half year financial results.

ABN 33 006 243 750



For more information, please contact

Troy Resources NL
Mr. Paul Benson
Chief Executive Officer
(61 8) 9481 1277
(61 8) 9321 8237 (FAX)
troy@troyres.com.au
www.troyres.com.au
or
Purple Communications
Annette Ellis / Warrick Hazeldine
Media Relations
(61 8) 6314 6300
aellis@purplecom.com.au