Troymet Updates McClarty Lake Planning

Troymet Updates McClarty Lake Planning 
COMOX, BRITISH COLUMBIA -- (Marketwire) -- 01/23/13 -- Troymet
Exploration Corp.  (TSX VENTURE:TYE) ("Troymet" or the "Company") is
pleased to update exploration plans for the McClarty Lake project,
located approx. 45 kilometres south of HudBay Minerals Inc.'s
("Hudbay") Chisel North and Lalor volcanogenic massive sulphide (VMS)
deposits. The Lalor project, scheduled to be in production in 2015,
is on a fast track to become Hudbay's next major underground mine
(see The project is believed to hold the second
largest metal deposit in the Flin Flon Greenstone Belt and the
largest pre-development deposit discovered in the Flin Flon-Snow Lake
region. The McClarty Lake project comprises two claims (DYC3606 &
DOL78; 252 hectares) held in a Joint Venture between Hudbay (60%) and
Troymet (40%), and three claims (MAC-1, MAC-2 & MAC-3; 344 hectares)
owned 100% by Troymet. 
Joint Venture Claims 
Troymet is pleased to report that planning is well advanced for the
2013 winter diamond drilling on the McClarty Lake Joint Venture where
Hudbay Minerals Inc. is the operator (HudBay 60%; Troymet 40%). The
drill program will test for plunge extensions of the Discovery zone
mineralization to the southeast, and be conducted by Hudbay in
conjunction with its regional drill program. An access road is
currently being prepared as are on-ice drill platforms. Under the
terms of the Joint Venture Agreement, Hudbay must fund $1,076,051 in
exploration costs before Troymet is required to fund its
participating interest. Thereafter, Hudbay and Troymet will share all
future exploration and development expenditures pro-rata based on
their participating interests.  
The McClarty Lake project is a property of substantial merit with
excellent discovery potential for a precious metal-rich VMS
deposit(s). Drilling in 2008 identified two laterally continuous
zones of massive sulphides within a steeply NE-dipping sequence of
felsic metavolcanic rocks. The lower zone carries up to 1.47% zinc
over 43.05 metres including 3.46% zinc over 15.3 metres in addition
to significant copper mineralization and is locally gold enriched.
This base metal bearing zone has been confirmed over a strike length
of approx. 75 metres and to a vertical depth of approx. 175 metres
(open). The mineralization is shallow, with the lower zone starting
at the base of the Palaeozoic sequence at a depth of approximately 50
metres. The upper zone occurs approximately 150 metres
stratigraphically above the lower zone and is locally gold enriched.
Both zones are open along strike and at depth (see "2008 Technical
(NI 43-101) Report on the McClarty Lake Property" by R. Kutluoglu and
A.H. Bailes, dated June 11, 2008 and filed on SEDAR July 10, 2008). 
In 2011, Hudbay completed a approx. 20 line kilometre surface pulse
electromagnetic survey over the Discovery zone as well as a 1,563
metre (3 hole) drill program (News Release - January 12, 2012). Hole
MCC001 intersected the Discovery zone mineralization at a vertical
depth of approximately 300 metres (1.03% zinc over 15.63 metres
including 3.58 % zinc over 3.05 metres).  
Troymet (100%) Claims 
Troymet's 2011 exploration program on the MAC conductor identified
the northern extension of the horizon that hosts the Discovery zone
(News Release - April 11, 2011). The results of the first-pass
reconnaissance drilling program are significant as they indicate the
presence of a +2,000 metre long stratigraphic horizon that carries
base metal mineralization in the two locales, where tested. 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. 
Strategic Alternatives Review 
Troymet is currently evaluating the various strategic alternatives
available to Troymet with the goal of maximizing shareholder value.
These alternatives may include, but are not limited to, a
consolidation of the common shares of Troymet, the spinout of a
property or properties of Troymet, joint ventures or other business
combinations involving Troymet. No decision on any particular
alternative has been reached at this time and there can be no
assurance that the review of strategic alternatives will result in
any change in Troymet's current operations, structure, assets or
properties, that Troymet will pursue any particular transaction nor
that any transaction will be concluded. Troymet does not intend to
make any further announcement regarding the strategic alternatives
review unless and until its Board of Directors has approved a
specific transaction, if any, another course of action has been
approved by the Board of Directors of Troymet or the Board of
Directors otherwise deems disclosure of strategic alternatives
developments is appropriate. 
Kieran Downes, P. Geo., a Qualified Person as defined by National
Instrument 43-101, has reviewed and verified the technical
information provided in this release. 
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 potential expenditures and a potential
discovery on the McClarty Lake project. 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 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 actual results of exploration
projects being equivalent to or better than estimated results in
technical reports or prior exploration results, that the results it
has received and the interpretation thereof are reliable 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. 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 The Company does not
undertake to update any forward-looking information except in
accordance with applicable securities laws. 
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
Troymet Exploration Corp.
Anthony Zelen
Investor Relations
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