Agreement To Lease Willow Creek Gold Property Near Leadville, Colorado

TORONTO, ON - Western Troy Capital Resources Inc. has entered into a lease agreement with Mt. Elbert Mining Company LLC (MEMC) with respect to the Willow Creek Mine located in Lake Country. As consideration for the Transaction, Western Troy agreed to pay a 5% Net Smelter Return ("NSR") royalty on simple water and gravity recovery methods, and a 3% NSR royalty on production from bedrock. The NSR on bedrock production may be reduced by 1% by payment to MEMC of US$2 million at any time. Western Troy has also agreed to pay a 25% Net Proceeds Interest ("NPI") on simple gravity recovery production of alluvial material, 20% NPI on alluvial material that requires crushing, milling, or leaching, 15% NPI on alluvial material that requires crushing and/or milling, and leaching, and a 10% NPI from bedrock production. The NPI is to be calculated based on mine site operating cash flow through the 2018 operating season, and will include capital spending incurred thereafter.

Rex Loesby, Western Troy's CEO, said "The Willow Creek Mine had been operated sporadically over the past 20 years with disappointing results, primarily due to poor gold recovery. A number of engineers and geologists evaluated the property over the past many years, and generally recommended a comprehensive drilling and evaluation program so that the potential of the property could be professionally evaluated. Based on these recommendations, a 1000 meter drilling program was completed on the Willow Creek Mine property in October and assay results are expected in January. A National Instrument 43-101 report has been published on the Company's SEDAR profile (www.sedar.com) and will available on the Western Troy Website along with more information of the Willow Creek Project soon."