Troymet Exploration Corp.
TSX VENTURE : TYE

Troymet Exploration Corp.

October 04, 2012 08:00 ET

Troymet Mobilizes Drill to the Key Project

COMOX, BRITISH COLUMBIA--(Marketwire - Oct. 4, 2012) - Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") reports that it has contracted Northspan Explorations Ltd.to conduct reverse circulation (RC) drill testing of gold targets on its 100% owned Key gold project in British Columbia. Drilling is scheduled to start on October 10, 2012. Troymet plans to drill approximately 1,200 metres to test 12 target areas (see map at www.troymet.com/i/maps/Key_Au-Zones.jpg). The 8,854 hectare Key project is strategically located immediately adjacent to New Gold Inc.'s Blackwater gold deposit where a positive Preliminary Economic Assessment was announced on September 20, 2012. Mineralized structures (Good News Fault/East Fault) continue from the Key property onto the Blackwater property, the geology is continuous and Troymet's exploration has identified high quality targets that may represent Blackwater style precious metals mineralization. The goal of the drilling is to test if Blackwater style mineralization is present in the target areas.

Troymet's exploration programs have employed the low cost and proven exploration techniques of soil sampling, prospecting and induced polarization (IP) surveys to identify high quality target areas. In general, the targets have a thin soil cover, occur in well drained areas and are well suited to drill testing by RC. As well, active logging in the area has created multiple new access routes to the various target zones, which facilitates easy access for drilling. This has been a significant exploration and financial benefit for Troymet.

In 2011, Troymet identified a large hydrothermal system with high sulphide content and locally anomalous silver, gold, zinc and copper values at Good News Lake, and along the Good News Lake and East Faults. This large and deeply rooted plumbing system extends over several kilometres and is intimately associated with the majority of the target areas selected for drill testing. Its large size together with the large number of associated target areas indicates significant discovery potential in this part of the Key project.

Casselman Geological Services Ltd. is providing technical management of the field program for the Company. Kieran Downes, P. Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information provided in this release.

TROYMET EXPLORATION CORP.

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

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. 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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