TYE Troymet Exploration Corp.

Troymet Exploration Corp. ("Troymet") (TSX VENTURE:TYE), is pleased to announce
that Troymet intends to complete a non-brokered private placement of up to
$500,000 consisting of a combination of units ("Units") issued at a price of
$0.055 per Unit and common shares issued on a "flow-through" basis at a price of
$0.075 per common share. Each Unit will consist of one common share in the
capital of Troymet (a "Common Share") and one Common Share purchase warrant (a
"Warrant"). Each full Warrant is exercisable for one year from closing into one
Common Share at $0.15 per share. A finder's fee of up to 8% of the gross
proceeds of the private placement may be paid in cash or Common Shares on all or
any portion of this private placement. Additionally, finder's warrants,
exercisable into Common Shares of Troymet, may be issued in an amount up to 8%
of the number of Units and flow-through Common Shares sold under this private
placement. The finder's warrants will be exercisable into Common Shares at a
price of $0.055 per Common Share for a period of one year from the date of
issuance of the finder's warrants.


It is not anticipated that any new insiders will be created, nor that any change
of control will occur, as a result of the private placement. Completion of the
private placement is subject to regulatory approval.


Proceeds of the private placement will be used for Troymet's exploration
programs at the Key and Golden Eagle properties in British Columbia, the
McClarty Lake property in Manitoba, the strategic alternatives review (discussed
below) and for general corporate purposes. 


Closing of the financing is anticipated to occur on or around December 20, 2011.

Strategic Alternatives Review

The Board of Directors of Troymet has appointed a special committee comprising
of Richard Kusmirski and David Billard with a mandate to undertake a process to
evaluate the various strategic alternatives available to Troymet with the goal
of maximizing shareholder value. These alternatives may include, but are not
limited to, the spinout of certain properties of Troymet or other business
combinations involving Troymet. 


No decision on any particular alternative has been reached at this time and
there can be no assurance that the process will result in any change in
Troymet's current operations, nor that Troymet will pursue any particular
transaction or that any transaction will be concluded. Troymet does not intend
to make any further announcement regarding the strategic alternatives review
unless and until its Board of Directors has approved a specific transaction, if
any, or another course of action has been approved or the Board of Directors
otherwise deems disclosure of developments is appropriate.


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. In particular, this press release contains forward looking
information in respect of the strategic alternatives review. 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. In particular, there is no guarantee that the strategic
alternatives review will result in any change in Troymet's current operations,
nor that Troymet will pursue any particular transaction or that any transaction
will be concluded. A description of certain 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.

Davis:10067531.3

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