Troy Resources Limited advised of the receipt of encouraging exploration results at the Gem Creek Prospect, a part of the Company's 100%-owned Karouni Gold Project, Guyana. Since mid-2020, Gem Creek has been the subject of relatively modest exploration effort by Troy which has encompassed 160 reverse circulation (RC) drill holes over 6 kilometres of strike extent on the Goldstar ­ Gem Creek corridor. This effort has resulted in the identification of numerous zones of mineralisation of relatively good grade. Best results obtained from previous campaigns at Gem Creek include multiple intersections in hole GCRC083: 11m @ 1.9 g/t Au from 80m, 6m @ 7.3 g/t Au from 102m. In March 2021, Troy completed a diamond drill hole (GCDD001) drilled towards the west. The hole intersected a broad 74.5 metre-wide felsic intrusive, which returned an assay of 68m at 0.68 g/t Au from 105m. Core analysis suggests that the felsic intruded on the contact of the older mafic volcanics with younger sediments. The felsic interval is mineralised throughout with some higher-grade sections in places of increased alteration. Mineralisation in GCRC083 referred to above is related to same contact. Recently, Troy commenced a follow-up RC campaign, with the holes planned to intersect the upper contact between a mafic volcanic to volcanoclastic unit and the younger sediments. This contact can be traced from Goldstar, about 5 kilometres to the south-east, with more MgO rich basalts, toward the north-west into Gem Creek. This upper contact appears to be mineralised in locations where strike changes have been noticed. The follow-up campaign focused in an area where the upper contact changes direction from a north-west to a north-south strike orientation. The campaign encompassed 44 holes, completed along 13 drill lines along a strike length of 700 metres, for an aggregate 3,539 metre drilled. To date, assay results from 36 of the 44 holes have been returned, with best results as follows: GCRC129: 1m @ 7.5 g/t Au from 32m, 2m @ 1.85 g/t Au from 64m. GCRC131: 6m @ 2.3 g/t Au from 19m. GCRC133: 4m @ 3.83 g/t Au from 13m, 4m @ 3.74 g/t Au from 20m. GCRC134: 3m @ 2.70 g/t Au from 61m. GCRC136: 11m @ 2.73 g/t Au from 58m. GCRC138: 5m @ 5.36 g/t Au from 40m. GCRC144: 2m @ 8.32 g/t Au from 104m. As illustrated, gold mineralisation has been identified along 500 metres of strike, which has a north-south orientation, but remains open both to the north and south, as well as at depth. A key control on mineralisation appears to be the north-south orientation of the mafic volcanic and sediment contact. Whilst the felsic intrusive was not always intersected, it does appear that higher gold grades are associated with the intrusive where increased pyrite-chlorite alteration was observed. In the mafic contact zone, alteration is weak, with gold related to quartz veining. Here, gold mineralisation occurs mainly in two subparallel zones which are 5 to 15 meters apart.