Troymet Exploration Corp.
TSX VENTURE : TYE

Troymet Exploration Corp.

March 12, 2009 08:30 ET

Troymet Identifies VMS Targets at the Key Project

COMOX, BRITISH COLUMBIA--(Marketwire - March 12, 2009) - Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") is pleased to report on the results of a helicopter-borne VTEM survey on the Company's 100% owned Key property (7,882 ha) located 125 km southwest of Vanderhoof, British Columbia. The survey was flown over the central claims of the property by Geotech Ltd. in August 2008. An interpretation of the results was subsequently undertaken by Balch Exploration Consulting Inc. (BECI).

The exploration targets on the Key project are: (1) precious metals-rich volcanic massive sulphide (VMS) deposits, possibly preserved within a graben structure; and (2) epithermal gold-silver deposits. The VTEM survey identified four priority targets for follow up.

BECI identified four geophysical targets in the form of discrete higher conductance electromagnetic (EM) anomalies for follow-up investigation. Three of the anomalies are considered targets for VMS mineralization. The fourth anomaly is selected as a lower priority target but chosen due to its unusual EM behaviour.

Anomaly P1A is a near surface and perhaps exposed target with a strong EM signature and interpreted to strike northerly for 600-800 metres. It's proximity to both major and subtle structural features place it as a high priority target. Anomaly P1B is another high priority and relatively shallow target with a strike length estimated at less than 200 metres. Anomaly P2 is considered a medium priority, discrete, shallow target situated within an intrusive body. The shape of the EM anomaly suggests a thick geometry or horizontal body with less than 200 metres strike length. Anomaly P3 is another near surface target but considered lower priority in that it does not exhibit similar characteristics to the other selected targets. Its close proximity to a regional fault zone, however, warrants a ground follow up.

The Key project lies within the Nechako Plateau, an area described by the BC Geological Survey as under-explored and having the potential to host various styles of mineral deposits based on favourable geology, coeval intrusive activity and locally intensive extensional faulting (BCGS Paper 1997-2). The property covers an area with anomalous lake sediment geochemistry and locally anomalous gold-lead-arsenic-silver-zinc in soils. The anomalous metal suite and geological setting is characteristic of the gold- and silver-rich Eskay Creek deposit in northwest British Columbia.

The Key property is contiguous with Silver Quest Resources' Blackwater-Davidson project to the north and 3T's project to the southwest. At Blackwater-Davidson, disseminated gold-silver mineralization and high-grade gold in shear-hosted veins is hosted in Jurassic aged Hazelton Group rhyolites. The 3T's is described as a bonanza-style, epithermal gold-silver camp also hosted by Hazelton Group rhyolites. Silver Quest's Capoose silver-gold-lead-zinc deposit, located 27 kilometres to the northwest, is associated with younger Cretaceous-aged rhyolitic sills that have intruded the Hazelton rocks. Current and historical resources are reported for the three properties. Along the regional strike approximately 130 km to the northwest, Amarc Resources Ltd. is actively exploring the Sitlika Copper-Zinc Belt for copper-zinc rich VMS deposits.

The Company is very pleased with the positive results of the airborne survey and a field program is under consideration for the 2009 field season. 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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