Troy Minerals Inc. announced that the final permits have been obtained for the Company's Lake Owen project's 2024 drilling campaign. The Lake Owen Project is in Wyoming, USA, located approximately 50 km southwest of Laramie, Wyoming. With the USGS airborne geophysical survey now completed, the Company awaits final deliverables and expects to news release the results in the coming days.

The maiden drill program planned by the Company at Lake Owen is designed to test several magnetite rich gabbro targets from which high-grade intercepts of TiO2 and V2O5 are expected. Included in the targets are "Reef "style PGE type horizons as well as potential base metal mineralization to be tested at the base of the Lake Owen Proterozoic complex, at and above the Archean basement interface. The Lake Owen Project is a Proterozoic layered mafic intrusion complex with a long history of exploration for platinum group elements.

Similar in style to the Stillwater Complex and the Merensky Reef of South Africa, the Lake Owen Complex is a highly perspective North American-based target with a billion metric tonne plus potential for significant vanadium, titanium mineralization, including strong potential for PGE enrichment and basal base metal mineralization. Drilling at Lake Owen is expected to begin by the end of June /beginning of July 2024.