TYE Troymet Exploration Corp.

Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet") announced today that it
has entered into an asset sale agreement (the "Sale Agreement") with respect to
the sale of Troymet's 100% interest in the Key Property in British Columbia to
New Gold Inc. ("New Gold") (the "Proposed Transaction").


Pursuant to the Proposed Transaction, Troymet will sell its 100% interest in the
Key Property, along with associated technical information and permits, for a
purchase price of $2,000,000 cash. Troymet will also be granted a 2% net smelter
returns royalty ("NSR Royalty") on the Key Property, of which 1% (reducing the
NSR Royalty from 2% to 1%) can be purchased by New Gold for $2,000,000 cash. In
addition, pursuant to the Sale Agreement, New Gold has committed to spend
$1,500,000 on the Key Property, with a minimum of $500,000 of expenditures on or
before December 31, 2014 and the balance of $1,000,000 of expenditures on or
before December 31, 2018, subject to certain conditions.


The completion of the Proposed Transaction is subject to a number of conditions
including, approval of the TSX Venture Exchange. The closing of the sale is
expected to occur in early December 2013. 


Dr. Kieran Downes, President of Troymet, stated, "We are very pleased to have
entered into this agreement with New Gold, which is continuing to advance the
Blackwater gold deposit and is the dominant player in the emerging Blackwater
district. We anticipate that exploration and development of the Key Property
will continue to advance under New Gold's direction and the 2% NSR retained by
Troymet will ensure significant benefit to shareholders in the event of a
commercial discovery. The sale of the Key Property puts Troymet in a strong
financial position to advance its 100% owned Golden Eagle project, and to pursue
other high impact mineral projects."


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. In
particular, this press release contains forward-looking information in respect
of the Proposed Transaction, the use of proceeds from the Proposed Transaction
and the potential development of the Key project. All statements included
herein, other than statements of historical fact, are 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 that
actual results and future events could differ materially from those anticipated
in such information. This forward-looking information reflects Troymet's current
beliefs and is based on information currently available to Troymet and on
assumptions Troymet believes are reasonable. These assumptions include, but are
not limited to, the ability of Troymet to fulfil conditions in the Sale
Agreement, (including obtaining third party approvals), anticipated exploration
costs and results of Troymet's projects (including the Key project upon
completion of the Proposed Transaction) and exploration and development of
Troymet's projects (including the Key project upon completion of the Proposed
Transaction), other costs and expenses of Troymet and possible financing
scenarios for future exploration and development by Troymet. 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 Troymet 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: difficulty in obtaining third party approvals
for the Proposed Transaction, the early stage development of Troymet 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 Troymet; timing and availability of external financing on
acceptable terms; conclusions of economic evaluations; and lack of qualified,
skilled labour or loss of key individuals. A description of other assumptions
used to develop such forward-looking information and a description of other risk
factors that may cause actual results to differ materially from forward-looking
information may be found in Troymet's disclosure documents on the SEDAR website
at www.sedar.com. Troymet does not undertake to update any forward-looking
information except in accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Troymet Exploration Corp.
Anthony Zelen
Investor Relations
1-888-456-4952
anthony@senergyir.com
www.troymet.com

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