Troymet Exploration Corp.
TSX VENTURE : TYE

Troymet Exploration Corp.

August 10, 2009 16:50 ET

Troymet Updates Activities

COMOX, BRITISH COLUMBIA--(Marketwire - Aug. 10, 2009) - Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company"), at the request of Investment Industry Regulatory Organization of Canada (IIROC), reports that it is unaware of any material changes that would cause the current level of trading activity in the Company's stock.

The Company is continuing its reinterpretation of the geological, geochemical and geophysical data for the north block of its Golden Eagle project located in northern British Columbia. The Company believes a significant gold target is present in this area and plans a field program later in the year. The style and areal extent of mineralization at Golden Eagle strongly suggest an intrusion-related gold system similar to the Pogo (Alaska), Fort Knox (Alaska) and Dublin Gulch (Yukon) deposits of the Tintina Gold Belt. 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 north block the intrusive system is 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) over a approximately 5 x 5 kilometre area. 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). A series of compilation and interpretative maps have recently been uploaded to the Company's website (www.troymet.com/s/GoldenEagle.asp).

The Company anticipates that Hudson Bay Exploration and Development Company Limited ("HBED") will conduct a diamond drilling program on the McClarty Lake project, Manitoba, after freeze-up. HBED is earning back a 20% interest in the project from Troymet. After completion of the earn-in by HBED the project will be held in a joint venture between HBED (60%) and Troymet (40%). HBED's decision to earn back in to the property lends strong support to management's belief that McClarty Lake is a property of substantial merit with excellent potential to host a precious metal rich VMS deposit(s). The sulphide mineralization and associated alteration system at McClarty Lake is very similar to that associated with the Chisel Lake and the newly discovered Lalor Lake volcanogenic massive sulphide deposits of the Snow Lake area.

The Company plans a limited field program on its 100% owned Key project in north-central British Columbia, where a VTEM survey flown in 2008 identified a number of conductors. This is a greenfield project with little history of exploration. Given the location of the project and the newly identified VMS targets, the Company is very optimistic for its discovery potential.

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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