Troymet Completes Sale of 1% NSR Royalty on Key Property to New Gold
CAN: 27071506.2
TSXV : TYE
www.TroyMet.com
Troymet Completes Sale of 1% NSR Royalty on Key Property to New Gold
April 9, 2018 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet”) is pleased to announce
that it has sold half of its 2% net smelter returns royalty (“ NSR Royalty ”) on the Key Property
(for clarity, the non-repurchasable half of the 2% NSR Royalty was sold) to New Gold Inc.
(“ New Gold ”) for a cash payment received today of $300,000 an d a potential future payment of
$81,250. The potential future payment will be made by New Gold to Troymet if a valuation
condition in relation to an-arm’s length third party private company is satisfied within two years
of today’s date (the “ Valuation Condition ”). Troymet continues to own the remaining 1% NSR
Royalty on the Key Property which can be purchased by New Gold for $2,000,000 cash.
Troymet originally sold the Key Property, subject t o the NSR Royalty, to New Gold on
December 10, 2013. For further information on the o riginal transaction, please see Troymet’s
news release dated December 10, 2013 and filed on SEDAR at www.sedar.com.
TROYMET EXPLORATION CORP.
Kieran Downes, Ph.D., P.Geo.
President, CEO & Director
For further information, contact:
Investor Relations
Tel: 250-729-0453
Email: [email protected]
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 news release contains certain forward-looking information. All statements included herein, other than
statements of historical fact, are forward-looking information and such information involves various r isks and
uncertainties. In particular, this news release contains forward-looking information in respect to the potential future
$81,250 payment in respect of the sale of the 1% N SR Royalty to New Gold. There can be no assurance t hat such
information will prove to be accurate, and actual r esults and future events could differ materially fr om those
anticipated in such information. This forward-looking information reflects Troymet's current beliefs and is based on
information currently available to Troymet and on assumptions Troymet believes are reasonable. These assumptions
include, but are not limited to, Troymet’s understanding of the potential value of the private company in respect of
the Valuation Condition and the potential for the j unior mining exploration and development industry. Forward-
looking information is subject to known and unknown risks, uncertainties and other factors which may c ause the
actual results, level of activity, performance or a chievements of Troymet to be materially different f rom those
expressed or implied by such forward-looking inform ation. Such risks and other factors may include, bu t are not
limited to: the early stage development of Troymet’s projects; general business, economic, competitive, political and
social uncertainties; capital market conditions and market prices for securities, junior market securities and mining
exploration company securities; commodity prices; t he actual results of current exploration and develo pment 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 insu rance; delay or failure to receive board or regulat ory approvals;
changes in legislation, including environmental leg islation, affecting Troymet; timing and availabilit y 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 a nd a
description of other risk factors that may cause actual results to differ materially from forward-looking information
may be found in Troymet's disclosure documents on t he SEDAR website at www.sedar.com. Troymet does not
undertake to update any forward-looking information except in accordance with applicable securities laws.