Troymet Exploration Corp.
TSX VENTURE : TYE

Troymet Exploration Corp.

October 02, 2009 08:30 ET

Troymet Mobilizes Drill to Golden Eagle Project

COMOX, BRITISH COLUMBIA--(Marketwire - Oct. 2, 2009) - Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") is pleased to announce that it has mobilized a diamond drill to the North prospect of its Golden Eagle project in northern British Columbia to test a number of gold targets that are not amenable to stripping or trenching. These targets have never been drilled. A program of stream sediment sampling and prospecting is also underway.

The Golden Eagle project lies at the southern end of the Tintina Gold Belt, which contains many intrusion-related gold deposits such as Pogo (Alaska), Fort Knox (Alaska), Dublin Gulch (Yukon) and the recent discovery at Underworld Resources' White Gold property near Dawson City (Yukon). Another significant discovery in the Tintina Gold Belt was recently announced on Atac Resources' Rau property north of Mayo (Yukon).

The structurally controlled gold-silver-arsenic-antimony mineralization and gold-in-soil anomalies on the North prospect occur over an area of ~5 x 5 kilometres. The mineralization and the anomalies are related to two major structures – the Ben Fault and the Paddy Fault – and to an underlying granite-related gold system. The Ben Fault is a minimum of 3.6 km long and has never been drilled, while the Paddy Fault is a minimum of 4.6 km long – both are possible splays of the Llewellyn fault, a major mineralizing structure in northwestern BC. The structure has not been drilled apart from limited drilling on the Skarn zone (~250 metres). This drilling intercepted significant gold mineralization but did not test the underlying granite contact.

The Company believes the north prospect may host one or more bulk-tonnage gold deposits.

Troymet is a junior exploration company with precious and base metal projects located in British Columbia and Manitoba, Canada. The Company is actively seeking partners to advance its highly prospective properties and continues to seek new projects with high-value and large-tonnage potential to add to its portfolio.

Tracy Hurley, P.Geo., Vice President, Exploration and qualified person as defined by National Instrument 43-101 is responsible for the technical information provided in this release.

TROYMET EXPLORATION CORP.

Kieran Downes, Ph.D., P.Geo.
President, CEO & Director

This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein may be forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects the Company's current beliefs and is based on information currently available to the Company and on assumptions the Company believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports or prior exploration results, and future costs and expenses being based on historical costs and expenses, adjusted for inflation. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the early stage development of the Company and its projects; general business, economic, competitive, political and social uncertainties; commodity prices; the actual results of current exploration and development or operational activities; competition; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting the Company; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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