Troymet Exploration Corp.

Published : January 12th, 2012

s Exploration Progress at McClarty Lake

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Keywords :   Copper | Diamond | Gold | Silver | Zinc |

News Release - Thursday, January 12, 2012
Troymet Updates Exploration Progress at McClarty Lake


January 12, 2012 - Troymet Exploration Corp. (TSXV:TYE) ("Troymet" or the "Company") updates exploration progress on the McClarty Lake project located near Snow Lake, Manitoba. The project lies ~45 kilometres south of HudBay Minerals Inc.'s Chisel North and Lalor volcanogenic massive sulphide (VMS) deposits. The property comprises three claims (MAC-1, MAC-2 & MAC-3; 344 hectares) owned 100% by Troymet and two claims (DYC3606 & DOL78; 252 hectares) held in a Joint Venture between HudBay (60%) and Troymet (40%). The Joint Venture was formed after HudBay completed its earn back of a 20% interest in the DYC3606 and DOL78 claims in June 2011 (News Release - June 6, 2011). Troymet is pleased with HudBay's participation and believes it is the best partner to explore and develop the McClarty Lake project. HudBay's participation in the project lends strong support to management's belief that McClarty Lake is a property of substantial merit with excellent discovery potential for a precious metal rich VMS deposit(s).

Joint Venture Claims
The Company is pleased to report that it has received a draft Joint Venture Agreement from HudBay Minerals Inc. (TSX, NYSE:HBM) ("HudBay") and anticipates the final documentation will be complete in the near future. Further drilling is proposed to test for plunge extensions of the Discovery zone mineralization to the southeast.

In winter 2011, HudBay completed a surface pulse electromagnetic survey (~20 kilometres) over the Discovery zone as well as a 1,563-metre (3 holes) drill program. All of the drill holes were surveyed with borehole electromagnetics. A map showing the locations of the drill holes relative to previous drilling can be viewed at: Discovery Zone - Geology & Drill Hole Locations.

Hole MCC001, drilled on section with 2008 holes MC08-08, 10 and 11, intersected the mineralized zone approximately 150 metres below the intersection in hole MC08-10 at a vertical depth of approximately 300 metres. A wide zone of mineralization comprising a mix of massive, semi-massive and disseminated sulphide was intersected from 293.6 to 404.0 metres. Assay highlights of the mineralized zone are presented in Table 1.

Table 1. Significant Results from 2011 HudBay Drilling
Hole # From (m) To (m) Interval (m) Zinc (%) Copper (%) Gold (g/t) Silver (g/t)

MCC001

295.00 296.00 1.00 0.01 0.06 7.47 87.43
  302.07 317.70 15.63 1.03 0.45 0.22 8.00

including

314.65 317.70 3.05 3.58 0.16 0.25 7.98
  345.00 347.93 2.93 1.98 0.09 0.41 4.26

Holes MCC002 and MCC003 were drilled on section with hole MC08-09. These holes were drilled on the north side of an interpreted fault that offsets the mineralization, to test an off-hole geophysical anomaly. Neither hole intersected significant mineralization, although a wide zone of mineralized schist (1 to 7% disseminated pyrite with rare chalcopyrite) was intersected in MCC002 from 323.85 to 493.0 metres including an intersection of massive pyrite from 418.9 to 419.9 metres. Hole MCC003 also intersected a wide zone of mineralized schist (trace to 25% disseminated pyrite > pyrrhotite) from 365.5 to 549.6 metres, with massive to semi-massive pyrite intersected from 393.1 to 393.6 metres and 545.7 to 546.9 metres.

The 2011 drilling program on the joint venture claims was managed and supervised by HudBay personnel. All core holes are NQ size drilled at 285� azimuth and -58� dip. Sample intervals are down hole measurements; true widths are not provided. All samples were prepared and analyzed at HudBay's Hudson Bay Mining and Smelting Co., Limited subsidiary's assay laboratory in Flin Flon, Manitoba. Assaying quality is monitored internally with a quality control program that includes the use of sample standards, blanks, duplicates and repeats, and externally through national and international programs. External check assays are performed at Acme Analytical Laboratories Ltd. in Vancouver, B.C., an ISO 9001:2008 accredited facility.

Troymet (100%) Claims
Troymet's 2011 exploration program on the MAC conductor identified the northern extension of the horizon that hosts the Discovery zone. The results indicate the presence of a +2,000 metre long stratigraphic horizon that carries base metal mineralization in the two locales where tested. The Company is currently planning a 2012 surface pulse electromagnetic survey to better define and extend the MAC conductor prior to further drilling.

The identification of a productive, base metal mineralized horizon extending through Troymet's 100% owned claims significantly increases the possibility of a significant VMS discovery on the Company's 100% owned ground.

Troymet considers that the McClarty Lake is a property of substantial merit with excellent discovery potential for a precious metal rich VMS deposit(s). The Company anticipates a winter 2012 Diamond drilling program on the HudBay joint venture claims as well as on its 100% owned claims.

President & CEO, Kieran Downes, P. Geo., a qualified person as defined by National Instrument 43-101, is responsible for and has verified the technical information provided in this release.

TROYMET EXPLORATION CORP.

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

For further information, contact:
Anthony Zelen
Investor Relations
Tel: 1-888-456-4952 or anthony@senergyir.com

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. All statements included herein, other than statements of historical fact, is 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 actual results and future events could differ materially from those anticipated in such information. A description of 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.

You can also view this News Release on our website at:
http://www.troymet.com/s/NewsReleases.asp?ReportID=501385


Copyright � 2010 Troymet Exploration Corp. (TYE) All rights reserved. For more information visit our website at http://www.troymet.com/ or send email to info@troymet.com.
If you wish to be removed from our email list, .

Troymet Exploration Corp.

EXPLORATION STAGE
CODE : TYE.V
ISIN : CA8977731071
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Troymet is a silver and gold exploration company based in Canada.

Its main exploration properties are MCCLARTY LAKE, KEY, WHEATCROFT and GOLDEN EAGLE in Canada.

Troymet is listed in Canada. Its market capitalisation is CA$ 609 281 as of today (US$ 452 325, € 397 720).

Its stock quote reached its highest recent level on November 26, 2010 at CA$ 0.41, and its lowest recent point on June 28, 2019 at CA$ 0.01.

Troymet has 121 856 225 shares outstanding.

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Financings of Troymet Exploration Corp.
9/18/2013Cancels Private Placement
9/26/2011s Exploration Programs
8/19/2011Closes $1,844,850 Private Placement
7/29/2011Increases Private Placement to $1,500,000
12/8/2009Announces $500,000 Private Placement
7/9/2008Completes $1,300,000 Unit Private Placement
Project news of Troymet Exploration Corp.
3/25/2015(Key)Reports: New Gold Completes Expenditure Commitment on the Ke...
3/19/2015(Mcclarty Lake)Announces That McClarty Lake JV Identifies New VMS Targets
12/11/2013(Key)Completes Sale of Key Property
11/19/2013(Key)Signs Agreement to Sell Key Property
4/15/2013(Mcclarty Lake)Reports on the 2013 Drill Program at McClarty Lake Project
1/14/2013(Key)Reports Assays From Key Project
1/14/2013(Key)Reports Assays From Key Project
11/8/2012(Key)Completes Drilling on Key Project
10/4/2012(Key)Mobilizes Drill to the Key Project
9/18/2012(Key)Resumes Exploration & Schedules Drilling on Key Project
8/14/2012(Mcclarty Lake)& Hudbay Sign Joint Venture Agreement on McClarty Lake Proje...
7/24/2012(Key)s Progress and Expands Program at Key Gold Project
5/29/2012(Key)Initiates Exploration Program on Key Project
3/1/2012(Key)Focuses on Key Project
2/16/2012(Golden Eagle)Intersects 1.27 g/t Gold over 36.45 metres at Golden Eagle
1/12/2012(Mcclarty Lake)s Exploration Progress at McClarty Lake
11/30/2011(Golden Eagle)Completes Drilling at Golden Eagle
10/12/2011(Golden Eagle)Mobilizes Drill to Golden Eagle Project
6/13/2011(Key)Completes Phase I Exploration on Key Project
6/6/2011(Mcclarty Lake)Reports HudBay Earnback Complete on McClarty Lake Project
4/5/2011(Key)s Drill Program on Key Project
3/30/2011(Mcclarty Lake)Optionee HudBay Drilling at McClarty Lake
3/3/2011(Key)s Drill Programs at Key & McClarty Lake Projects
2/15/2011(Mcclarty Lake)Drilling at McClarty Lake
2/10/2011(Key)Drilling on Key Property
6/21/2010(Key)Confirms Regional Structures on Key Project
6/10/2010(Key)Identifies Structures on Key Project
5/20/2010(Key)Mobilizes Crews to Key Project
4/28/2010(Key)Reports Anomalous Gold at Key - Plans Summer Drill Program
4/13/2010(Key)to Drill on Key Project
3/8/2010(Mcclarty Lake)Confirms VMS Target on 100% Owned McClarty Claims
2/17/2010(Golden Eagle)Confirms New Gold Targets
1/28/2010(Mcclarty Lake)Commences Winter Program
1/14/2010(Mcclarty Lake)Winter Program
12/21/2009(Golden Eagle)Identifies 9 New Target Areas
10/2/2009(Golden Eagle)Mobilizes Drill
10/21/2009(Golden Eagle)Completes Drilling
11/6/2009(Mcclarty Lake)Plans to Drill the Mac Target
9/10/2009(Golden Eagle)Commences Exploration Program at Golden Eagle Project
6/25/2009(Golden Eagle)Updates Skarn Zone, Golden Eagle Project
6/16/2009(Golden Eagle)Targets Bulk-Tonnage Gold at Golden Eagle
2/24/2009(Golden Eagle)Confirms Intrusion Related Gold System on Golden Eagle Proje...
8/13/2008(Key)Completes Airborne VTEM Survey at the Key Project
6/13/2008(Mcclarty Lake) Hudson Bay to Earn Back Interest in Troymet's McClarty Lake...
5/15/2008(Mcclarty Lake)Reports Final Drill Results from McClarty Lake
4/25/2008(Mcclarty Lake) Preliminary Geological and Geophysical Observations at McCl...
4/9/2008(Mcclarty Lake) First McClarty Lake Holes Intersect Zinc, Copper and Gold
3/17/2008(Mcclarty Lake)Intersects Massive Sulphide Mineralization at McClarty Lake ...
3/5/2008(Mcclarty Lake) Completes VTEM Survey on McClarty Lake VMS Property
2/28/2008(Mcclarty Lake)Drilling Underway at McClarty Lake VMS Project
2/11/2008(Mcclarty Lake)Drill to McClarty Lake VMS Project
1/9/2008(Mcclarty Lake) Commence Winter Exploration Program at McClarty Lake VMS Pr...
Corporate news of Troymet Exploration Corp.
7/25/2016Troymet Identifies New Drill Targets & Expands Prospective A...
7/11/2016Troymet Starts Detailed Sampling of Gold and 3DIP Anomalies ...
6/20/2016Troymet Reports Significant 3DIP Results at Redhill
6/2/2016Troymet Completes Wildcat Drill Program
5/10/2016Troymet Commences RC Drill Program at Wildcat Project - Utah
5/10/2016Renaissance Gold Obtains Drill Permit for Wildcat Project
4/26/2016Troymet Commences Induced Polarization Survey at Redhill
4/4/2016Troymet Starts Field Program at Redhill
1/20/2016Renaissance Gold Exploration Update
1/19/2016Troymet Targets the Core Area at Wildcat
12/15/2015Troymet’s Joint Venture Partner Plans Ground Geophysics at M...
12/15/2015Troymet's Joint Venture Partner Plans Ground Geophysics at M...
11/24/2015Troymet Targets the Rattler Breccia at Wildcat
10/29/2015Troymet Identifies New Copper and Gold Soil Anomalies at Red...
10/20/2015Troymet Identifies Significant Copper and Gold Soil Anomalie...
10/7/2015Troymet Reviews Initial Drill Targets on Alpha Zone
9/16/2015Troymet Completes Redhill Field Program
8/20/2015Troymet Shareholders Approve All Matters at AGM
7/27/2015Troymet Updates Wildcat SE Target Area Progress
7/14/2015Troymet Appoints New Auditor
7/9/2015Troymet Options Redhill Project From Homegold
3/19/2015Troymet Announces That McClarty Lake JV Identifies New VMS T...
2/23/2015Troymet Options Wildcat Project from Renaissance Gold
1/16/2015Grants 1.35 Million Stock Options
1/16/2015Troymet Grants 1.35 Million Stock Options
12/8/2014Troymet Terminates Thelon Option & Provides Corporate Update
10/20/2014Troymet Reports Significant Skarn Zone Prospecting Results
8/20/2014Troymet Announces Corporate Update
7/18/2014Troymet Shareholders Approve All Matters at AGM
6/2/2014Troymet Announces Appointment of CFO
5/13/2014Troymet Announces the Resignation of Brian Cebryk as CFO of ...
4/28/2014Troymet Announces Adoption of Advance Notice By-Law
2/19/2014Provides Corporate Strategy Update
6/14/2013(Mcclarty Lake)Receives Assays from Hudbay for McClarty Lake
4/19/2013Shareholders Approve All Matters at AGM
3/25/2013Files AGM Materials and Announces AGM Matters
1/23/2013(Mcclarty Lake)s McClarty Lake Planning
7/10/2012(Golden Eagle)Files NI 43-101 Technical Report for Golden Eagle Gold Proje...
6/12/2012(Key)Files NI 43-101 Technical Report for Key Gold Project
1/19/2012(Key)Identifies Large Geochemical Soil Anomalies and Additional D...
5/9/2011(Key)Intersects Porphyry Style Mineralization on Key Project
4/11/2011(Mcclarty Lake)Identifies Extension of Discovery Horizon at McClarty Lake P...
1/25/2010Update on Status
2/23/2010Expands Geophysical Survey at McClarty
1/23/2010Completes $500,000 Financing
8/11/2009s Activities
9/4/2008Extends Tannis Zone at Golden Eagle Project
8/7/2008Commences Drilling at Golden Eagle Project
8/1/2008Provides Operational Update
1/16/2008Tax Rollover Election Reminder to Former Signet Shareholders
9/26/2007Announces Base Metal Discovery at McClarty Lake VMS Project
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