Troy Minerals Inc. announced it has completed the staking of a new property highly prospective for rare-earth elements. The Property is 100% owned by the Company and is unencumbered by any royalties at the present time. The Property is located approximately 320 km north of Prince George, BC, and 170 km north-northwest of Mackenzie, BC, on the western side of Williston Lake.

Highlights: Highly prospective property acquired through staking minimizing acquisition costs. Stream sediment sampling returned strongly anomalous REE concentrations from multiple creeks and drainages, including 3,647 ppm TREE (total rare earth elements) and 2,550 ppm TREE. Project unencumbered by any royalty or streaming contracts gives the company increased value and potential future financing optionality.

Large property encompassing 9 claims totaling 3,924.88 ha., several mineral occurrences and the past producing Family Farm mica mine. Property benefits from good infrastructure and access. Access to the lower elevations is available by various logging roads from Mackenzie.

Upper elevations will require the use of a helicopter. The Property encompasses several BC Minfile occurrences classified as muscovite pegmatites. The Family Farm occurrence is a past producer of muscovite mica from pegmatites, dating back to the 1920's. The occurrence comprises two concordant dikes of white pegmatite, intruding schist and consisting of mostly muscovite, quartz, and feldspar.

Accessory minerals include pyrite, tourmaline, garnet and kyanite. The West Mica Mountain prospect located 3.8 km southwest also reports large muscovite mica crystals up to 33cm. These occurrences are hosted in quartzites and quartz-feldspar-muscovite schists of the Neoproterozoic Swannell Formation.

Most recent exploration between 2006 and 2010 was focused on assessing the REE potential with surface geochemical sampling consisting of stream sediment, soil and rock sampling. Stream sediment sampling returned strongly anomalous REE concentrations from multiple creeks and drainages, including 3,647 ppm TREE (total rare earth elements) and 2,550 ppm TREE. Widely spaced soil sampling in the two main valleys returned several anomalous values of 809 ppm and 1,005 ppm from the western valley and 908 ppm and 867 ppm TREE from the eastern valley.

Historical rock sampling did not identify any anomalous samples, although the dataset is quite small and limited in scope and was focused on two occurrences. An initial phase of data compilation of the historical work will be followed by a field program to confirm historical concentrations and further assess the REE potential.