Application by Troy Resources in Relation to Issue of Taipan Resources Shares

The Takeovers Panel advises that it has today received an application from Troy Resources in relation to the issue of shares in Taipan Resources which was the subject of a resolution passed at the Annual General Meeting of Taipan today.

The application relates to a resolution (number 3 on the notice of meeting) that Taipan shareholders considered at today's meeting to approve a proposed issue of up to 25,000,000 shares in Taipan.