Troymet Exploration Corp.
TSX VENTURE : TYE

Troymet Exploration Corp.

June 12, 2012 08:00 ET

Troymet Files NI 43-101 Technical Report for Key Gold Project

COMOX, BRITISH COLUMBIA--(Marketwire - June 12, 2012) - Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") is pleased to announce the June 12, 2012 SEDAR filing of a National Instrument ("NI") 43-101 technical report in support of future exploration at its Key project in north-central British Columbia.

The new NI 43-101 technical report is based on a compilation of all available technical and related information and recommends a geochemical, geophysical and diamond drilling program that is estimated at CDN$1.0 million and includes concurrent programs of reclamation and rehabilitation of drill areas and access trails.

The report was prepared by independent Qualified Person, Scott Casselman, P.Geo., of Casselman Geological Services Ltd. Mr. Casselman has been familiar with the geological aspects of the project since 2010. Troymet's President and CEO, Kieran Downes, is a Qualified Person for the Key project and has reviewed and approved the contents of this release.

About Troymet Exploration Corp.

Troymet is a well-financed junior exploration company with strategically located assets in British Columbia, Manitoba and Nunavut, Canada. The Key project is strategically located immediately adjacent to New Gold's Blackwater property. On March 7, 2012, New Gold announced the following NI 43-101 compliant mineral resource estimate on the Blackwater gold deposit:

  • Indicated gold resource: 174 million tonnes at an average grade of 0.98 grams per tonne containing 5.5 million ounces of gold at a 0.4 gram per tonne cut-off grade.
  • Inferred gold resource: 92 million tonnes at an average grade of 0.78 grams per tonne containing 2.3 million ounces of gold at a 0.4 gram per tonne cut-off grade.

The Key project is the Company's principal focus of exploration with a CDN$1 million exploration and drill program currently underway.

TROYMET EXPLORATION CORP.

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

This press release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. 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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