Troymet Exploration Corp.

COMPANY DATA | INTRODUCTION | PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE

Address:	1963 Comox Avenue Comox, B.C. Canada V9M 3M4
Tel No.:	(205) 729-0453
Fax No.:	(205) 729-0463
Web Site:	www.troymet.com
Corporate Email:	info@troymet.com
Contact Person:	Kieran Downes
Position:	President, CEO & Director

COMPANY DATA

Traded Market:	TSX-V
Traded Symbol:	TYE
Outstanding Shares:	23,612,944
52 Week High:	$ 0.23
52 Week Low:	$ 0.095
Present Price:	Click Here

INTRODUCTION

Troymet Exploration Corp. is a junior mining company actively engaged in exploration for gold, copper and zinc in Canada. The Company's objective is to advance its high potential projects to the point of significant discovery and/or profitable sale. Troymet is aggressively seeking additional properties of merit for acquisition.

PROJECT IN HAND

(1) Golden Eagle Project, British Columbia

The 8,178-hectare Golden Eagle project is located within the Tintina Gold Belt in northwest British Columbia. The Company controls a 100% interest in the property. The property has the excellent potential to host several deposit types, including high-grade gold-silver vein-hosted deposits, bulk tonnage copper/gold porphyries with associated skarn deposits and volcanogenic massive sulphide (VMS) deposits (like the Pogo, Eskay Creek and Fort Knox-type large precious metal deposits). Eleven separate mineralized zones have been identified to date over the property's 25-km long extent.

The most significant mineralization discovered to date on the property occurs in the Middle Ridge (Tannis) area, where high-grade gold-silver mineralization is hosted in pyrite and arsenopyrite bearing quartz veins/structures within rhyolitic intrusive. The first drill testing of the zone was undertaken in 2005, where three holes (TAN05-01 to 03) targeted the depth extension of two mineralized structures exposed in trenches on the north flank of Middle Ridge. The program was highly successful, intersecting high-grade mineralization in multiple structures over a 100-metre strike length and to 50 metres depth.

Follow-up diamond drilling was delayed until fall 2006 due to a lack of available drill equipment. Only one hole (TAN06-04) was completed at Tannis before winter conditions prevented further drilling in the area. This hole returned 1.58 g/t gold and 25.4 g/t silver over 3.1 metres. Although lower grades were encountered, the intersection is strongly mineralized. A significant variability of gold and silver values is not uncommon in an epithermal-style mineralizing environment, and this type of setting has the potential to host bonanza-grade mineralization. Importantly, the mineralized structures on the north flank remain open along strike and to depth.

The field program was confined to the central and most easily accessible parts of the 500-metre wide ridge. The positive results further substantiate Tannis as a highly prospective drill target area and emphasize the need for expanding the detailed mapping and prospecting westwards into other prospective areas.

Due to the late start of the 2006 drill program, the planned drilling on high priority targets was not completed. There are a large number of exploration target areas that require follow-up. An airborne geophysical survey flown on the property in 2005, for example, identified 62 electromagnetic conductors and a number of magnetic anomalies, the majority of which have not been investigated.

Planning is in progress for a 2008 exploration program at Golden Eagle, to include:

Continuation of drilling on the Tannis zone.
Drilling a minimum of two holes on the LQ vein
Increasing the extent of mapping and sampling on the Tannis zone
Property-scale geological mapping and prospecting to follow up on various airborne electromagnetic and magnetic anomalies identified in 2005
Ground geophysics where warranted as a follow up field work
Additional drilling as dictated by results.

(2) McClarty Lake Project, Manitoba

The 596-hectare McClarty Lake project is located 47 km south-southwest of Snow Lake, Manitoba. Under the terms of an option agreement, Troymet may earn a 60% interest in two claims (252 hectares) from Hudson Bay Exploration and Development Limited (HBED), by incurring certain exploration and option expenditures. Troymet owns a 100% interest in the remaining three claims.

The McClarty Lake project lies within the prolific Flin Flon - Snow Lake greenstone belt and is prospective for base metal +/- precious metal-rich volcanic-hosted massive sulphide (VMS) deposits. Previous exploration on the property was hampered by the lack of outcrop exposure. An electromagnetic (EM) conductor detected in 1996 was tested by 2 diamond drill holes in 1997 by HBED and 2 holes in 2000 by Troymet's predecessor company. All four holes intersected a gold and silver bearing semi-massive pyrite horizon in altered felsic volcanics, tracing the horizon over a 50-metre strike length and to 50 metres depth. The best intersection reported was 4.17 g/t gold and 8.48 g/t silver over 4.0 metres.

A Time Domain EM (TEM) survey undertaken in 2002 subsequently defined a potential massive sulphide horizon over a strike length of approximately 600 metres. Plans to test the conductor were shelved in 2004 and 2005 because of the lack of drill availability, and in 2006 by poor ice conditions.

In 2007, winter conditions allowed for the drilling for five holes totalling 1,444 metres. The program successfully extended the known strike and dip extension of the massive sulphide horizon to over 425 metres and to a vertical depth of 250 metres (open in all directions). Up to 20% sphalerite within the semi- to massive pyrite horizon was intersected at 75-metre and 150-metre vertical depths. Along with the presence of copper sulphide (chalcopyrite), this marks the first discovery of significant base metal mineralization on the property. Troymet plans a substantial follow-up program and will resume drilling after freeze-up.

(3) Key Project, British Columbia

The 2,911-hectare Key property is located 125 km southwest of Vanderhoof, British Columbia. The project covers an area of anomalous lake sediment geochemistry centered on a sequence of basaltic to rhyolitic volcanics possibly preserved within a graben. The geological setting has strong parallels with Eskay Creek. The exploration target for this greenfield project is a precious metals rich VMS deposit. An airborne time-domain electromagnetic (VTEM) and coincident magnetic survey is under consideration for this property as well as a first-pass prospecting and lithogeochemical sampling program.

(4) Wheatcroft Lake Project, Manitoba

Troymet holds a 100% interest in the 1,373-hectare Wheatcroft Lake property located west of Leaf Rapids, Manitoba. The project hosts a large, folded, epigenetic sulphide and gold mineralized system of approximately 2 km lineal extent. Previous diamond drilling on the fold nose intersected widespread low-grade mineralization. Large areas of the horizon remain to be drill tested. Troymet is seeking a partner to further advance the project.

MANAGEMENT

Troymet Exploration Corp. has a well management team with experience in different areas.

Kieran Downes, Ph.D., P.Geo., President, Chief Executive Officer and Director
Dr. Downes has over 35 years diversified experience in gold, uranium and base metal exploration. He is currently the President and Chief Executive Officer of Golden Peaks Resources Ltd. Prior to joining Golden Peaks he was a senior Exploration Manager with Cameco Corporation.

Brian Cebryk, CMA, Chief Financial Officer and Director
Mr. Cebryk is a corporate finance consultant with over 20 years of diversified experience. He is also a Director and Chief Financial Officer with Marksmen Resource Ltd., and a Director of Avalon Resources Ltd.

Richard Kusmirski, M.Sc., P.Geo., Director
Mr. Kusmirski has 30 years of experience in gold, uranium and base metal exploration. He is currently the President and Chief Executive Officer of JNR Resources Ltd. Prior to joining JNR, he was the Exploration Manager for Cameco Corporation's uranium projects in the Athabasca Basin.

Dave Billard, B.Sc., P.Geo., Director
Mr. Billard is a professional geologist with 25 years experience in mineral exploration. He is currently the Vice-President of Exploration and a Director of JNR Resources Inc. Prior to joining JNR, he was employed for over 12 years by Cameco Corporation in exploration for gold, base metals, diamonds and uranium throughout western Canada and the western United States.

Tracy Hurley, M.Sc., MBA, P.Geo., Vice-President of Exploration
Ms. Hurley is a professional geologist with 25 years experience in the mining and exploration industry, working as an exploration and mine geologist for a number of junior, mid-tier and senior mining companies. She has also worked as a mining analyst and in management of several junior public mining companies. She is currently a Director of JNR Resources Ltd.

Derrick Auch, B.Comm., LL.B., Corporate Secretary
Mr. Auch practices in the area of securities and corporate/commercial law with Davis & Company. He acts for a broad range of junior issuers whose shares are listed on the TSX Venture Exchange as well as for various brokerage firms on public and private financings.

NEWS UPDATE

On September 26, 2007, Troymet Exploration Corp. announced the discovery of significant base metal mineralization from the 2007 diamond drilling program on the McClarty Lake property in Manitoba.

The 2007 drilling program consisted of 5 holes totalling 1,444 metres. Four of the five holes intersected a semi-massive to massive sulphide horizon with significant zinc (+/- copper) mineralization in two holes. The best results were obtained from SIG-02-07 which returned 2.94% zinc and 0.17% copper over 7.45 metres; including 4.78% zinc over 2.71 metres. Troymet plans a substantial follow-up program and will resume drilling after freeze-up.