Trophy Resources Spuds First New Well.

CARLSBAD, Calif. -- Trophy Resources, Inc. (Pink Sheets:TRSI) is excited to announce the drilling rig scheduled for their Southwestern Texas prospect arrived on time and drilling began Wednesday (Oct 11th at 5:00 PM CDT). The drilling Permit for this well was pulled on Sept. 28, 2006, with completion expected by the end of this week.

On September 29, 2006, Trophy announced a successful re-entry of a now productive well. The new well is located in close proximity of this and other previously productive wells and may produce from up to four known zones down to the Goen Reef at 4400'. "Our experts in the field continue to expect to bring in a 30 to 50 BOE per day well," stated company COO Eric Leonetti. "With the completion of this new well, we will have a two well field with plans to rework two other wells and a second drilling project to closely follow on this lease," added Mr. Leonetti.

During completion of the new well, Trophy plans to move a work over rig on to the site. Two additional wells are to be re-entered to the Goen Reef to produce that zone. These wells were originally drilled to the Goen and DST (Drill Stem Tested) producing 20 to 40 BOE from this zone with significant amounts of water (in excess of 100 bbls/day). Without a cost effective means to dispose of this fluid, the wells were plugged just above this zone and produced all the upper zones with a much greater cut of oil to water. These zones proved commercially productive for several years. Now, with three injection wells available, Trophy can produce the Goen Reef and efficiently dispose of all the fluid produced.

Trophy plans to closely follow this first new well with a second drilling project (based on rig availability). With all other field repairs either complete or near completion on this location, Trophy appears primed to move at an even more accelerated pace.

This project as part of the second Phase of R&W #1 is located in Runnel County Texas. Runnel County Texas has produced tens of millions of barrels of oil and is geologically situated within a trend of Pennsylvania Age productive reservoirs comprised of limes and sands between the Bend Arch Axis and the Fort Chadbourne fault system. This Southwest Texas prospect encompasses multiple leases covering an area over 600 acres. Development in the prospect is expected to continue for the next 18 to 24 months. The Company anticipates having more than twenty-five wells on-line in this period using a combination of methods including re-entry work, new drilling and a water flood program.

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 foundation of assets through acquisition of land and/or leases, and explore and develop opportunities on these leases.

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 uncertainties 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 lacks 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 risks you should consider, this list is limited and additional risk not mentioned may apply: failure 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.