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Re:   News Releases - Tuesday, July 08, 2008
      Troymet Completes $1,300,000 Unit Private Placement
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July 8, 2008 - Troymet Exploration Corp. (TSXV:TYE) ("Troymet" or the
"Company"): Further to a Press Release dated June 6, 2008 issued by
Troymet, Troymet has completed the closing of the non-brokered private
placement consisting of 16,250,000 units ("Unit") at a price of $0.08
per Unit for gross proceeds of $1,300,000.  Each Unit consisted of one
common share and one common share purchase warrant ("Warrant").  Each
Warrant is exercisable into one common share at $0.20 per share until
July 8, 2010.  All of the securities issued in connection with the
private placement are subject to a four-month hold period (until
November 9, 2008).  The completion of the private placement is subject
to final TSX Venture Exchange approval and certain delivery against
payment exchanges.  Directors and officers of Troymet participated in
the offering and Troymet has determined that there are exemptions
available for the various requirements of TSX Venture Policy 5.9 and
Multilateral Instrument 61-101 for the issuance of the Units to
directors and officers of Troymet.

Proceeds of the private placement will be used for exploration of the
Golden Eagle Project, option payments on Troymet's mineral properties,
general and administrative expenses and working capital.  After giving
effect to the private placement, Troymet has 39,893,114 common shares
issued and outstanding.

For further information, contact:
Tracy Hurley (250) 468-5557
Kieran Downes (250) 729-0453

Website: www.troymet.com

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

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Copyright (c) 2008 TROYMET EXPLORATION CORP. (TYE)  All rights
reserved.  For more information visit our website at
http://www.troymet.com/ or send mailto:info@troymet.com
Message sent on Tue Jul 8, 2008 at 5:26:39 PM Pacific Time
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