Troy Resources Limited provided an update of exploration activities at the Company's wholly-owned Karouni Project, Guyana. Key Highlights: Exploration activities at the Karouni Project have accelerated significantly with two rigs operating and a number of assay results to be released over coming weeks. Smarts NW: Along strike from Smarts Underground, high-grade mineralisation confirmed over a 600 metres strike length from previous drilling Nine diamond holes for a total of 1,600 metres have now been completed targeting infill and extensions to known mineralisation Company considers potential exists to add additional ounces to the Mineral Ore Resource/Reserve in the first half of 2021 Visible gold intersected in hole SDD196 with first assays due next week. Goldstar: Drilling underway to upgrade the near-surface Mineral Resource of approximately 25,000 ounces which is targeted for the March 2021 Quarter. Gold mineralisation occurs from surface with recent drilling and trenching results including: 17 m @ 2.21 g/t Au from 3 m including 4 m @ 6.18 g/t Au from 5m (Hole GRC183) Previously reported 13 July 2020 13 m @ 3.27 g/t Au (Trench GTR 001) Previously reported 13 November 2020. RC Drilling underway to reduce line spacing to 15 metres to a depth of 10 metres Diamond drilling also underway to further understand the geology and controls on mineralization First assays expected to be released shortly. Smarts Underground: Maiden Ore Reserve expected to be announced late in the December Quarter/January 2021 A further four holes will now be drilled to test continuity between Smarts 2 and 3 ore shoots which have the potential to add additional ounces to the Mineral Resource /Ore Reserve Visible gold identified in hole SDD190 (drilled for geotechnical purposes); samples to be submitted for assay as soon as geotechnical studies on the core have been completed.