Troy Resources NL

ENTERING THE RADAR SCREEN NOW!

RBC EMERGING GOLD PRODUCERS CONFERENCE 2008

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Forward-Looking Statements

This presentation contains certain forward-looking statements and forecasts which include without limitation, expectations regarding future performance, costs, production levels or rates, reserves and resources, the financial position of Troy Resources NL (the “Company’), industry growth or other trend projections.

Although such forecasts and forward-looking statements reflect current beliefs and are based on information currently available and assumptions believed to be reasonable there is no assurance that actual results will be consistent with such forecasts and forward-looking statements. A number of factors could cause actual results, performance, or achievement to differ materially from the results expressed or implied in such forecasts and forward-looking statements. For a description of such factors please see the section entitled “Risk Factors” in the Company’s amended and restated preliminary prospectus dated January 10, 2008 available under the Company’s profile at www.sedar.com.

Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities.

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Overview

Troy is a profitable junior gold producer focused on growth

Track record of low-cost mine development and gold production

History of profitability and dividends

Gold exposure at a compelling valuation

Our objective is to become a profitable mid-tier gold producer

The Company

Profitable Junior Gold Producer Focused on Growth

- Listed on ASX since 1987 - symbol “TRY”

- Listed on TSX Jan 2008 - symbol “TRY”

- A$2.50 share price*/A$0.075 annual dividend

- 74.7M shares outstanding, ~A$186M market cap

- A$23M cash balance as at 30 March, 2008

- No debt

- No hedging

- Insider ownership ~14% (12% Chairman and Family)

* Based on 25 April 2008

* AUD/CAD = 0.944

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Senior Management

Paul Benson, CEO (Started with Troy October 2007)- 20 years experience; degrees in geology and mining engineering;

7 years with BHP Billiton – before that Rio Tinto, RGCKen Nilsson, Executive Director - Brazil (Started with Troy 1997)

- Mining engineer; 30+ years international mine construction and production experience

Graham Buttenshaw, COO (Started with Troy 2008)- Mining Engineer 20+ experience including GM at Apex Silver’s

San Cristobal Bolivia, 17 years with Billiton.Gerry Kaczmarek, CFO (Started with Troy 1998)

- CPA; 20+ years industry experience including Rio TintoPeter Doyle, VP Exploration & Bus. Development (Started with Troy 2005)

- Geologist; 27 years exploration experience including Freeport and Gold Fields Limited

What we ownGold Assets

- Andorinhas Gold Project – Brazil- Comaplex (CMF-TSX) - 16.4%

equity, ~US$40M* - Sandstone Gold Mine – Australia- 2.0Mtpa gold processing plant –

Australia- Volta Resources Inc. (VTR-TSX) - 3.6% - Adelaide (ADN-ASX) - 14.2% equity- Portfolio of prospective exploration

assets- Brazil, Australia, and Mongolia

Other AssetsAndorinhas, Brazil – Iron-OreDaly River, Australia – ZincSandstone, Australia – NickelDornogovi, Mongolia – Coal

BRAZIL

Rio de Janeiro

Salvador

Fortaleza

Brasilia

Belém

Cayenne

Andorinhas Gold Project

* Based on 25 April 2008

Sertão Gold Project

Serrita Gold Project

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Proven Mine Operator and DeveloperFive mines delivered over the past 10 yearsProduced ~410,000 oz of gold at average cash cost of US$201/oz over the past 4 yearsNow commissioning Andorinhas project, expected to produce ~50,000 oz/a at cash costs below US$270/oz140

120

100

80

60

40

20

0

Gold Production

2004 2005 2006 2007

Cash CostsUS$350

US$300

US$250

US$200

US$150

US$100

US$50

US$0

000’

s of

Oun

ces U

S$/Gold O

unce

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We Have a Positive Impact

Environment

Community

People

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Delivering Positive Financial ResultsNet income has grown by 61% per year since 2005EPS has grown by 57% per year since 2005

Net Income & Operating Margin Net Income Per Share

$0.40

$0.30

$0.20

$0.10

$0

$25

$20

$15

$10

$5

$0

50%

40%

30%

20%

10%

0%

A$M

A$8M

A$16M

A$20M

2005 2006 2007

Net Income from Continuing Operations

Operating Margin

A$/

Shar

e

2005 2006 2007

A$0.140

A$0.288

A$0.345

Fiscal Years Ending June 30 Fiscal Years Ending June 30

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Paying DividendsTroy has increased its dividend each year since 2000

$0.08

$0.07

$0.06

$0.05

$0.04

$0.03

$0.02

$0.01

02004 2005 2006 2007

A$/

shar

e

2000 2001 2002 2003Fiscal Years Ending June 30

$0.060$0.065

$0.070$0.075

$0.040$0.045

$0.050$0.055

25% ANNUALIZED TOTAL RETURN TO SHAREHOLDERS

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Andorinhas Gold Project, BrazilFrom Acquisition to first production in 16 Months for < US$20MJune 2007 Snowden 43-101 Technical Report Results:

- ~50,000oz/a with an initial 5-year mine life - Forecast operating costs: ~US$270/oz

Old GarempeiroWorkings

Lagoa Seca West Trend: Good Potential Along Strike

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Andorinhas First Mover AdvantageConsolidating Land Position

- Recent JV deals to earn 100% ownership on two additional major land packages that triples Troy’s regional land position

- Located within trucking distance of Andorinhas mill

- Only processing mill in region

- Regional airborne magnetics and radiometrics survey completed in Dec 2007. Drilling commenced March 2008

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Andorinhas Colluvial Iron Ore

PIT NUMBER % Fe Total

FE-001 (+1/4”) 66.44 FE-002 (+1/4”) 65.01 FE-003 (+1/4”) 67.62 FE-004 (+1/4”) 65.56 FE-005 (+1/4”) 65.81 FE-006 (+1/4”) 68.16 FE-007 (+1/4”) 67.10 FE-008 (+1/4”) 65.60 FE-009 (+1/4”) 56.99 FE-010 (+1/4”) 68.10 FE-011 (+1/4”) 65.90 FE-012 (+1/4”) 65.55 FE-013 (+1/4”) 59.63 FE-014 (+1/4”) 66.39 FE-015 (+1/4”) 62.23 FE-016 (+1/4) 68.46 FE-017 (+1/4”) 63.00 FE-018 (+1/4”) 65.50 FE-019 (+1/4”) 64.11 FE-020 (+1/4”) 60.17

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Sandstone Gold Mine, AustraliaProfitable, mature project

Continued processing of stockpiled low-grade ore through 2008

Regional exploration focused on identifying targets to extend mine life, budget of ~US$2.6M

Recent Encouraging Gold intercepts at Two Mile HillNickel potential being tested by JV partner: Western Areas NL (ASX/TSX listed) Troy retains gold discoveries and exposure to nickel potential

WA - Sandstone Exploration Summary

2008 (1st Qtr) Program

RC Drilling -

• Mt Klemptz – 9 holes; 672m

• Indomitable S – 28 holes; 3134m

• Indomitable N – 20 holes; 2260m

Diamond Drilling -

• Lord Henry: 2 holes; 491.4m

• Lord Nelson: 2 holes; 496.3m

• Two Mile Hill: 2 holes; 791.1m

• Shillington: 1 hole; 150.6m

• Indomitable: 1 hole; 98.2m

Two Mile Hill – X-Section 6892640N

Tonalite Silicified & Sericite Altered

Quartz Vein with Sulphides on Margin

Largest Shareholder: - 16.4% of common shares- C$40M market value

Meliadine Project - Nunavut- Significant high-grade resource - Upside along strike and at depth

Comaplex Minerals (CMF – TSX)

Source: Comaplex Minerals Corp. (As of January 2008)

ContainedOunces (oz)

ComaplexInterest (%)Tonnes

Grade(g/t Au)

Meliadine WestIndicated 7,645,500 7.3 1,787,900 78%Inferred 4,882,700 8.8 1,385,400 78%Meliadine EastIndicated 1,030,400 7.8 259,100 50%Inferred 622,600 7.4 148,950 50%

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Complete Gold Processing PlantImmediately Available

Plant throughput:

- Oxide Ore – 2.0Mtpa

- Primary Ore – 0.75Mtpa

Conventional CIL plant with SAG Mill

Reduces capital cost and shortens construction timeline for new mine development

In storage in Cobar, NSW, East Australia

Compelling ValueTroy Today: ~A$186M Market Capitalization

- Approximately 35% of Troy supported by strategic investments and cash

Andorinhas Gold ProjectAndorinhas Iron-Ore

Sandstone Gold Mine Gold Processing Plant

Exploration in Australia Exploration in Mongolia

Comaplex, other investments and cash

35%

60%~A$116M

~A$70M

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Vision

How we will achieve it:- Grow and extend production in the short term- Green and brown fields exploration- Capture value from existing strategic equity stakes- M+A

Become a profitable mid-tier producer