COMOX, BRITISH COLUMBIA--(Marketwire - March 25, 2013) - Troymet Exploration Corp. (News - Market indicators) ("Troymet") is pleased to announce that it has filed its AGM materials on SEDAR for the Annual General and Special Meeting of the shareholders of Troymet to be held on April 19, 2013 (the "Meeting"). 

Annual General and Special Meeting

Troymet has scheduled the Meeting for 9:00 am Friday April 19, 2013 at the offices of Davis LLP in Calgary, Alberta for the purposes of: (i) receiving and considering the audited financial statements of Troymet; (ii) fixing the number of directors to be elected at the Meeting at five (5); (iii) electing the directors of Troymet; (iv) appointing the auditors of Troymet; (v) re-approving the incentive stock option plan of Troymet; and (vi) approving the consolidation of the issued and outstanding common shares in the capital of Troymet ("Common Shares") on the basis of one (1) new Common Share for up to every existing ten (10) Common Shares issued and outstanding immediately prior to the consolidation (the "Consolidation"). The Consolidation resolution also includes the consent of the shareholders for Troymet to not proceed with the Consolidation in the event that the board of directors concludes that it would not be in the best interests of Troymet to proceed with the Consolidation.

Share Consolidation

In an effort to attract equity financing in order for Troymet to fund further exploration and development of Troymet's projects, Management of Troymet believes that it is in the best interests of Troymet to consolidate the Common Shares of Troymet. As a result, the shareholders of Troymet will be asked to consider, and, if thought advisable, to approve the Consolidation All outstanding options and any other securities granting rights to acquire Common Shares of Troymet will be affected by the Consolidation in accordance with the adjustment provisions contained in the instruments giving rise to the issuance of such securities. 

In the Consolidation resolution that will be put before the shareholders at the Meeting, Troymet will also seek the consent of the shareholders to not proceed with the Consolidation in the event that the special resolution is passed by the shareholders at the Meeting and the board of directors of Troymet subsequently concludes that it would not be in the best interests of Troymet to proceed with the Consolidation. The Consolidation is subject to the approval of the TSX Venture Exchange.

A further press release will be issued in the event the Consolidation receives the approval of the shareholders and the board of directors of Troymet determines to implement the Consolidation, and if so, the ratio for the Consolidation. 

TROYMET EXPLORATION CORP.

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

This press release may contain certain forward-looking information. In particular, this press release contains forward-looking information in respect of the potential Consolidation of the Common Shares of the Company, future equity financings of the Company and future exploration and development of the Company's projects. 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 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 current share price of the Company's Common Shares, anticipated exploration costs and results of the Company's projects and exploration and development of the Company's projects, other costs and expenses of the Company, possible financing scenarios and shareholder approval of the Consolidation. 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. 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 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.