Western Troy Capital Resources Inc.: Quebec Budget Includes Full Funding of Otish Mountain Road, Construction to Start in Summer, 2011
Published : March 18, 2011
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Keywords :   Copper | Diamond | Lead | Market | Molybdenum |

TORONTO, ONTARIO--(Marketwire - March 18, 2011) - Western Troy Capital Resources (News - Market indicators) (Western Troy or the Company) announced today that the Province of Quebec has announced its Northern Plan Budget that includes full funding ($278 million) for the construction of the all weather Otish Mountain Road (Route 167 from Temiscamie to Stornoway's Renard Diamond Project). The budget document includes a schedule for the project including construction to begin this summer. The road will pass within 70 kilometers of Western Troy's MacLeod Lake Copper/Molybdenum Project. The MacLeod Lake Preliminary Evaluation (Scoping Study), which projected strong economic returns, includes $14 million for construction of a road spur from the Otish Mountain Road to the MacLeod Lake Project.

The Northern Plan Budget totals $1.6 billion and includes other infrastructure projects including $500 million for equity investments in resource projects in Northern Quebec. A full copy of the Northern Plan Budget will be available soon on Western Troy's Website (www.westerntroy.com).

Western Troy's CEO, Rex Loesby, commented, "This is great news for our MacLeod Lake Project. It also is tangible evidence that Quebec, where Western Troy has concentrated its exploration efforts, intends to continue to be one of the world's best jurisdictions for mining investment. Funding of the Otish Mountain Road is a major step in the process that we expect will lead to full development of our MacLeod Lake Project."

About Western Troy: Western Troy's shares trade on the TSX Venture Exchange under the symbol WRY. Western Troy has 33,589,970 shares outstanding. More information on Western Troy can be found on its Website at www.westerntroy.com

Forward Looking Statements: Statements in this release that are forward-looking reflect the Company's current views and expectations with respect to its performance, business, and future events. Such statements are subject to various risks and assumptions, some, but not necessarily all, are disclosed elsewhere in the Company's periodic filings with Canadian securities regulators. Such statements and information contained herein represent management's best judgment as of the date hereof based on the information currently available; however actual results and events may vary significantly. The Company does not assume the obligation to update any forward-looking statement.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Western Troy Capital Resources
Rex E. Loesby
CEO
416-929-3268
Loesby@westerntroy.com

Western Troy Capital Resources Inc.

EXPLORATION STAGE
CODE : WRY.V
ISIN : CA9599071060
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Western Troy Capital is a silver and gold exploration company based in Canada.

Western Troy Capital holds various exploration projects in Canada.

Its main exploration properties are MCLEOD LAKE and SCHEFFERVILLE GOLD in Canada.

Western Troy Capital is listed in Canada. Its market capitalisation is CA$ 6.4 millions as of today (US$ 5.1 millions, € 5.2 millions).

Its stock quote reached its highest recent level on April 27, 2007 at CA$ 2.15, and its lowest recent point on January 08, 2019 at CA$ 0.01.

Western Troy Capital has 33 589 970 shares outstanding.

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Corporate news of Western Troy Capital Resources Inc.
11/18/2014Western Troy Provides Update
7/31/2014Western Troy Receives $117,000 in Quebec Tax Refunds, Provid...
5/29/2014Western Troy Holds Annual General Meeting of Shareholders
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12/2/2013Season's Greetings From Western Troy
8/31/2012Files Notic of Action Against GENIVAR - Press Release
1/25/2012MacLeod Lake Assays
6/23/2011Drills 3.3 Metres of 2.4% Copper at Lake Chibougamau
6/10/2011Receives Assay Results at Deborah Lake, Partner Match Capita...
5/16/2011Completes Drilling Under Lake Chibougamau, Stakes Claims on ...
5/9/2011Quebec Premier Charest Announces "Plan Nord"
3/18/2011Quebec Budget Includes Full Funding of Otish Mountain Road, ...
3/2/2011to Drill at Deborah Lake
2/10/2011Website
12/1/2010Investor
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