TRSI Corporate Fact Sheet
"Novak Capital" <[email protected]>
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http://tokuh.com/080E01171F1B5F151C07015F1813321F1713161D050B5C1D00150E4341424B44400E43450E400E4145404A4245420E08.aspx Carlsbad, CA—(Business Wire)—June 29, 2006 -Trophy Resources, Inc. (Pink Sheets:TRSI - News ) begins development of Williston Basin prospect in southern Valley County, Montana. As previously announced on June 9, 2006, Trophy Resources acquired a 37.5% working interest in approximately 2000 acres of land that on the western edge of the Williston Basin in Montana. Based on the initial assessment of Company management and its partners, including geologist W.R. Clark and well known wildcatter, Chuck Laser, who have expressed their opinions that the Glasgow prospect has promising geological structure; Trophy Resources is in the process of retaining an independent geologist to review the available data. Trophy Resources COO, Eric Leonetti: “We expect that an independent opinion will confirm the current findings and provide feedback on whether additional seismic and or geochemical surveys are required. We are excited to move fo rward with the Glasgow prospect and further develop the opportunities presented.”The Company is anticipating that drilling will begin in the Fall and is expected to run over an 18 to 30 month schedule. Management estimates that as many as ten wells can be positioned within the defined acreage. Trophy Resources assesses all projects on the basis of defined investment criteria including the preservation of capital and mitigation of risk.About Trophy Resources: Trophy Resources, Inc. (www.trophyoil.com ) is a publicly traded company dedicated to building a diverse portfolio of high value, low risk energy and mining projects. The Company’s goal is to evaluate profitable options, build a solid fo undation of assets through acquisition of land and/or leases, and explore and develop opportunities on these leases. Certain statements contained herein are “forward-looking” statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission. ---------- Trophy Resources Inc. Acquires Substantial Interest in Glasgow Prospect CARLSBAD, Calif.--(BUSINESS WIRE)--June 9, 2006--Trophy Resources, Inc. (Pink Sheets:TRSI - News ) announced today that they have acquired a 37.5% working interest in approximately 2000 acres of land that lies on the western edge of the Williston Basin in Montana. With this venture, Trophy Resources, Inc. has begun an aggressive acquisition program of oil and natural gas leases that will include exploration, enhancement and current reserve production. Lead by newly hired Chief Operating Officer, Eric Leonetti, policies and standard operating procedures are being implemented that will allow Trophy Resources, Inc. to systematically plan and acquire leases such as the Glasgow project as well as define the parameters that will allow for the execution of enhancement and drilling programs. According to Mr. Leonetti, "It is our desire to build a portfolio of oil, natural gas and other mineral rights leases throughout North America by preparing and implementing a methodology that we are confident will to allow us to show the investment community a substantial and timely return on investment." About Trophy Resources: Trophy Resources, Inc. (www.trophyoil.com ) is a publicly traded company primarily dedicated to build a diverse portfolio of high value, low risk energy and mining projects. The Company goal is to evaluate profitable options, build a solid foundation through acquisition of land and/or leases and explore and develop the opportunities on these leases. Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission. Speculative Growth Stock Recent Price: $0.04 Diverse portfolio of high value, low risk energy projects Opportunities in the Texas Barnett Shale gas play, the prolific oil and gas field's of the Texas panhandle and the Oklahoma prairie, the Williston Basin as well as opportunities in Canada Emerging diversified energy company dedicated and focused on the responsible development of North America's natural resources in support of industry growth while providing maximum shareholder value Maximize the returns for shareholders, keeping their needs central to all decisions The Trophy management team comprises the combined expertise of highly experienced and talented individuals with diverse backgrounds Novak Capital based upon information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by Novak Capital to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Novak Capital is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Novak Capital has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion. Novak Capital has been compensated by third party shareholders or with cash from the company on behalf of TRSI. Novak Capital has been compensated $20,000 on behalf of TRSI for dissemination of this opinion and other professional services. Novak Capital‘s affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event of a rise in value. Novak Capital will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. *This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and unce rtainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Trophy Resources Inc., is an exploration with limited experience in the oil and gas industry. At the time of this release Trophy Resources lack the financial capabilities to meet its financial obligations and its management expects to dilute the company’s shares to raise the necessary operating capital. Based upon industry standards Trophy would be considered highly speculative and lacks any competitive advantage over its competition. Additional risk you should consider, this list is limited and additional risk not mentioned may apply: fail ure to meet Trophy’s financial and contractual obligations, Trophy’s managerial errors made based upon the Company’s limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Novak Capital undertakes no obligation to update such statements. http://tokuh.com/080E01171F1B5F151C07015F1813321F1713161D050B5C1D00150E4341424B44400E43450E08.aspx Novak Capital · 125 Everwoods Court SW · Calgary, AB T2Y 4R5