January 17, 2011

Troymet Signs Diamond Drill Contracts

January 17, 2011 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or the “Company”) reports that it has signed diamond drill contracts for its 100% owned Key and McClarty Lake projects. In addition, the Company is pleased to report that HudBay Minerals Inc. has confirmed that it will conduct a diamond drilling program on the option claims in the McClarty Lake project. Drilling will commence on the Key and McClarty Lake projects following the mobilization to site of the drills and the establishment of exploration camps.

The Company has posted initial geophysical maps for the Crag grid (Key project) on its web site (see Crag Grid IP and Crag Grid Resistivity), showing the excellent coincidence between gold and silver in surface samples and large induced polarization/resistivity anomalies. Elevated to anomalous gold-in-soils values are also present. These drill targets have significant dimensions.

Troymet is well financed and holds an exciting portfolio of precious metals and base metals exploration properties, all of which it plans to drill in 2011.

Tracy Hurley, P.Geo., Vice President, Exploration and qualified person as defined by National Instrument 43-101 is responsible for the technical information provided in this release.


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

For further information, contact:
Robert Birmingham
Investor Relations
Tel: 1-888-456-4952 or rbirmingham@troymet.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 view the Next News item:January 24th, 2011, Troymet Announces Mobilization of Drills & Geophysical Crews

You can view the Previous News item:December 21st, 2010, Troymet Announces Three Diamond Drill Programs

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