Troymet Exploration Corp.
TSX VENTURE : TYE

Troymet Exploration Corp.

June 16, 2009 08:30 ET

Troymet Targets Bulk-Tonnage Gold at Golden Eagle

COMOX, BRITISH COLUMBIA--(Marketwire - June 16, 2009) - Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") is pleased to announce that planning is underway for a summer field program on the Company's 100% owned Golden Eagle project located in northern British Columbia. The project covers an area of approximately 8,178 hectares over 25 kilometres north to south, and includes numerous gold zones and base metal targets. The project lies within a geochemical province shown by the British Columbia Geological Survey's (BCGS) stream sediment sampling programs to contain exceptionally anomalous values in gold (to 1080 ppb), gold indicator metals (arsenic, antimony and mercury) and base metals (BCGS Bulletin 105). Further, the BCGS noted, in file GF2003-9, that the volcano-sedimentary setting is analogous to that at Eskay Creek.

The style and areal extent of mineralization at Golden Eagle strongly suggest a reduced intrusion-related gold system (RIRGS). RIRGS are characterized by widespread arrays of sheeted auriferous quartz veins, forming bulk-tonnage, low-grade gold deposits at the top of small plutons. Well known examples include the Fort Knox (Alaska) and Dublin Gulch (Yukon) deposits of the Tintina Gold Belt. RIRGS also include a wide range of intrusion-related mineral deposit styles including skarns, replacements and distal veins that form within the region of hydrothermal influence surrounding the causative pluton. All of these characteristics are well represented over the 25-kilometre span of the Golden Eagle property.

The 2008 exploration program indicated the presence of a large intrusion-related gold system (exposed at the Tannis zone) spanning the approximately 12-kilometre strike length of the northern half of the Golden Eagle property. In the Tannis zone the gold mineralization is hosted in rhyolitic intrusive, in granitic intrusive at depth beneath the rhyolite, and to a lesser extent in the flanking mafic volcanics. The intrusives are considered to be of Late Cretaceous age. To the north, the rhyolitic and granitic intrusives are capped by sediments and mafic volcanics of variable thickness that host multiple zones of gold-silver-arsenic-antimony mineralization (e.g. Plateau, Skarn, West Gully, Cowboy, and West Draw zones) in an approximately 5 x 5 kilometre area. This part of the property contains anomalous multi-element stream geochemistry and notable gold intersections from trenches and drill core. The various gold zones in this area were previously investigated in isolation but are now considered as underlying vectors toward a related bulk-tonnage gold deposit(s).

The 2009 program will focus on the identification of high impact intrusive-related gold drill targets in the north half of the project.

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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