Troymet Exploration Corp.
TSX VENTURE : TYE

Troymet Exploration Corp.

May 15, 2008 08:30 ET

Troymet's Reports Final Drill Results From McClarty Lake

COMOX, BRITISH COLUMBIA--(Marketwire - May 15, 2008) - Troymet Exploration Corp. (TSX VENTURE:TYE) (the "Company") reports that it has received final assay results from Equity Engineering Ltd. for the last five holes (MC08-11 to 15) drilled on the McClarty Lake project, located near Snow Lake, Manitoba.

The drill program identified two laterally continuous zones of massive sulphides within a steeply NE-dipping sequence of felsic metavolcanic rocks. The lower zone, intersected in holes MC08-08, 10 and 11, carries up to 3.46% zinc over 15.3 metres in addition to significant copper mineralization and is locally gold enriched (Table 1). The upper zone occurs approximately 150 metres stratigraphically above the lower zone and is locally gold enriched. The mineralization is shallow, with the lower zone starting at the base of the Palaeozoic sequence at a depth of approximately 50 metres. Both zones are open along strike and at depth.

The alteration system associated with the massive sulphides has been traced laterally for approximately 500 metres (open). The results of airborne, ground and borehole electromagnetic (EM) surveys suggest there are additional sulphide lenses associated with the alteration system. A deeper penetrating EM survey is being considered for 2009 to test the system at greater depths.

The high-grade nature of the mineralization and extensive alteration confirms the potential for the mineralizing system 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.



Table 1. McClarty Lake 2008 Drill Results

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Collar Collar From To
Hole # UTM N UTM E Zone (m) (m)
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MC08-08(i) 415331 6038702 Lower 92.40 135.45
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incl. 103.70 118.10
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and 108.50 109.30
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and 118.10 133.40
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MC08-09(i) 415349 6038753 Upper 273.20 278.60
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MC08-10(i) 415372 6038681 Lower 155.60 202.66
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incl. 156.90 166.08
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and 182.68 188.44
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and 185.81 191.85
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and 188.44 190.67
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MC08-11 415282 6038719 Lower 65.5 71.93
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MC08-12 415225 6038575 -- -- --
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MC08-13 415367 6038806 Upper 291.1 292.7
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MC08-14 415346 6038976 Upper 289.34 296.45
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MC08-15 415342 6038930 Upper 322.87 324.92
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Length Gold Silver Copper Zinc
Hole # (m) (g/t) (g/t) (%) (%)
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MC08-08(i) 43.05 0.38 6.53 0.31 1.47
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14.40 0.59 6.71 0.50 0.64
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0.80 9.29 66.40 0.05 1.11
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15.30 0.32 6.71 0.10 3.46
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MC08-09(i) 5.40 0.25 0.36 0.01 0.01
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MC08-10(i) 47.06 1.23 5.13 0.35 0.94
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9.18 0.10 1.88 0.94 0.07
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5.76 0.97 22.60 0.36 0.81
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6.04 0.10 5.41 0.24 3.40
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2.93 0.03 0.00 0.07 5.44
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MC08-11 6.43 0.03 5.55 0.13 0.01
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MC08-12 -- No significant results
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MC08-13 1.60 No significant results
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MC08-14 7.11 No significant results
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MC08-15 1.05 No significant results
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(i) Previously reported on Apr. 9, 2008. All holes were drilled at 291
degrees azimuth and -55 degrees dip. Widths represent down hole core
lengths. True widths for the lower zone are estimated at 85% of core
length. True widths for the upper zone cannot be reliably estimated at
this time.


MC08-11 was drilled on section with previously reported holes, MC08-08 and MC08-10, targeting the lower massive sulphide horizon near the interface with the overlying Paleozoic cover rocks. This hole intersected a 5.4-metre lens of semi-massive sulphide 12 metres below the unconformity. Intense weathering of the host volcanics has obliterated most textures in the host rock and leached out metals within the sulphide horizon. As a result, the only significant result obtained was 5.55 g/t silver over 6.43 metres.

MC08-12 was collared 150 metres south of the MC08-08 fence of holes and is the southernmost drill hole on the property. This hole intersected predominantly late intrusive rocks. Airborne geophysical data obtained subsequently suggests that this hole is on the edge of a large intrusion. A borehole pulse electromagnetic (EM) survey conducted on this hole reported a deep down-hole anomaly that may correlate with the upper massive sulphide intersected in drill holes to the north.

Drill holes MC08-13 to MC08-15 were collared 115 to 265 metres north of the MC08-08 fence of holes and intersected the upper massive sulphide horizon over 1.6 to 7.4 metre wide intervals (Table 1). No significant assay results were obtained from the upper horizon; however borehole EM surveys on these holes indicate the presence of a strong off-hole conductor that has not been tested by drilling to date.

The drill program was terminated earlier than planned because of deteriorating ice conditions. As a result, a number of targets were not tested. These targets will be a priority when drilling resumes in winter 2009.

A NI 43-101 technical report documenting the results of the 2008 program and recommendations for the winter 2009 drilling program is in progress.

The winter 2008 diamond drilling program was managed by Equity Engineering Ltd. of Vancouver, BC. Eight holes were completed totalling 2,390 metres. Tracy Hurley, PGeo, Vice President, Exploration and qualified person as defined by National Instrument 43-101 is responsible for the technical information provided in this release. All samples were sent to Accurassay Laboratories of Thunder Bay, Ontario for preparation and analysis. Accurassay is an ISO/IEC 17025 accredited facility. All technical information for the Company's McClarty Lake project is obtained and reported under a formal quality assurance and quality control (QA/QC) program, details of which are presented on the Company's website at: www.troymet.com/i/pdf/QAQC2-McC.pdf.

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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