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Re:   News Releases - Thursday, June 12, 2008
      Hudson Bay to Earn Back Interest in Troymet's McClarty Lake VMS
      Project
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June 12, 2008 - Troymet Exploration Corp. (TSXV:TYE) (the "Company") is
pleased to report that under the terms of an Option Agreement with
Hudson Bay Exploration and Development Limited (HBED), Troymet has
completed its earn-in for a 60% working interest in two claims
totalling 252 hectares, which are part of the McClarty Lake project
located near Snow Lake, Manitoba. Troymet also owns a 100% interest in
three other contiguous claims, which are also part of the McClarty Lake
project.

Under the terms of the Option Agreement, HBED retained the right to
earn back a twenty (20%) percent undivided interest in the two claims
from Troymet by spending $750,000 on exploration over the next three
years.

Troymet is pleased to report that it has received formal notification
from HBED that it has elected to earn back a 20% interest in the two
claims. Following exploration expenditures of $750,000 by HBED, the two
claims will be held in a joint venture between HBED (60%) and Troymet
(40%).

HBED's decision to earn back in to the property lends strong support to
management's belief that McClarty Lake is a property of substantial
merit with excellent potential to host a precious metal rich VMS
deposit(s). The sulphide mineralization and associated alteration
system at McClarty Lake is very similar to that associated with the
Chisel Lake and the newly discovered Lalor Lake volcanogenic massive
sulphide deposits of the Snow Lake area.

Tracy Hurley, PGeo, Vice President, Exploration and qualified person as
defined by National Instrument 43-101 has reviewed the content of this
release.

For further information, contact:
Tracy Hurley (250) 468-5557; th@troymet.com
Kieran Downes  (250) 729-0453; kd@troymet.com

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 Thu Jun 12, 2008 at 3:29:58 PM Pacific Time
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