Troy Minerals Inc. announced that a program of soil sampling on its 100% owned REE Lac Jacques project in Quebec has been completed. The soil program expanded upon the 2023 soil geochemistry survey by extending the sampled area eastward from the Western Grid (and site of the 2023 drilling program), eastward toward the Eastern Grid, following the assumed strike of the dyke toward the eastern anomaly. 312 B-Soil samples were collected and are being submitted to ACT Labs for analysis.

According to the International Energy Agency, demand for rare earth elements is expected to reach three to seven times current levels by 2040. The 100% owned Lac Jacques property is located approximately 250 km north of Montreal Quebec, Canada and approximately 40 km northeast of the town of St. Anne du Lac.

Work through 2023 consisted of an initial soil geochemical survey, a drone-supported airborne magnetics survey and 4-hole diamond drill program. 2024 EXPLORATION The Company submitted an application for a drilling permit earlier this year. Final approval is pending and is expected in the next few weeks.

The proposed drill plan for 2024 is eight holes totaling 3200 meters.