TYE Troymet Exploration Corp.

Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet") announced today that,
further to the press release dated November 19, 2013, it has completed the sale
of its 100% interest in the Key Property in British Columbia to New Gold Inc.
("New Gold") (the "Transaction").


Pursuant to the Transaction, Troymet sold its 100% interest in the Key Property,
along with associated technical information and permits, for a purchase price of
$2,000,000 cash. Troymet was also 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, in connection
with the Transaction, 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.


Dr. Kieran Downes, President of Troymet, commented, "We are very pleased to have
completed the sale of the Key Property to New Gold. The sale puts Troymet in a
strong financial position to advance its current portfolio of properties and to
pursue other high impact mineral projects while ensuring the continued
exploration of the Key Property by the dominant player in the emerging
Blackwater gold district."


TROYMET EXPLORATION CORP.

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

Website: www.troymet.com

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 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, anticipated exploration costs and results of
Troymet's projects (including the Key project upon completion of the
Transaction) and exploration and development of Troymet's projects (including
the Key project upon completion of the 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: 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: 
Anthony Zelen
Investor Relations
1-888-456-4952
anthony@senergyir.com

Troymet Exploration Corp. (TSXV:TYE)
Historical Stock Chart
From Apr 2024 to May 2024

Troymet Exploration Corp. (TSXV:TYE)
Historical Stock Chart
From May 2023 to May 2024