Troymet Terminates Wildcat Option
CAN: 26699992.3
TSXV : TYE
www.TroyMet.com
Troymet Terminates Wildcat Option
February 22, 2018 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or the “Company”) announced
today that it has terminated the option agreement o n the Wildcat project, where the Company had an
option to earn a 70% interest, because of financial stringencies. The Company intends to focus its
exploration work on the Redhill and Golden Eagle pr ojects, both of which are located in British
Columbia.
Troymet owns a 100% interest in the Golden Eagle pr oject (8,178 hectares). The project, which is well
located with respect to access, has the potential t o quickly develop significant and shallow gold (sil ver)
mineralization in the Skarn ( https://www.troymet.com/projects/golden-eagle/maps-and-photos ) and
Tannis zones. The Golden Eagle project is drill ready.
Troymet has an option to earn a 100% interest in the Redhill project (3,689 hectares) and its expenditures
are currently well advanced over the required annua l expenditure requirements. The Redhill project is
well located with respect to access and infrastruct ure. Troymet’s exploration has identified significa nt
volcanogenic massive sulphide (“VMS”) potential in the Alpha and Beta prospects, along with a >1,000
metre gold-in-soil anomaly that has never been dril led. As well, the Company has identified other
prospective chargeability trends +/- Cu, Zn, Au-in- soil anomalies, EM anomalies, massive sulphide
boulders. A 2017 gravity survey identified strong a nomalies associated with the Upper and Lower VMS
Zones, and, unexpectedly, with Horizon 1 (Alpha pro spect) (https://www.troymet.com/news/troymet-
reports-positive-gravity-anomalies-at-redhill ).The results support Troymet’s belief that signif icant VMS
mineralization likely occurs at depth in the Upper and Lower VMS zones. The unexpectedly strong
anomaly associated with Horizon 1 suggests an untes ted mineralized mass at depth. The project is drill
ready.
Troymet holds a 2% NSR royalty from New Gold Inc. o n certain claims forming part of the Blackwater
gold project in British Columbia.
Troymet’s McClarty Lake project in Manitoba comprises two parts:
1. A Troymet (40%)/Hudbay Minerals Inc. (60%) joint ve nture covering 252 hectares. Hudbay
must contribute $1,151, 052 in joint venture expend itures before Troymet is required to fund its
participating interest.
2. A 100% interest in adjoining claims (344 hectares).
Additional information can be viewed by visiting www.troymet.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
Box 37033, Country Club PO, Nanaimo, BC V9T6N4 Tel: (250) 729-0453 E: [email protected]
CAN: 26699992.3
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 of Troymet’s projects
including the Golden Eagle project, the Redhill pro ject and the McClarty Lake project, the potential f or such
projects, and Troymet’s focus for future exploration on the Golden Eagle project and the Redhill project. 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 Troymet's current
beliefs and is based on information currently avail able to Troymet and on assumptions Troymet believes are
reasonable. These assumptions include, but are not limited to, the current share price of Troymet's common shares,
anticipated exploration costs and results of Troyme t's projects and exploration and development of Tro ymet's
projects, other costs and expenses of Troymet and p ossible financing scenarios. Forward-looking inform ation is
subject to known and unknown risks, uncertainties a nd other factors which may cause the actual results , level of
activity, performance or achievements of Troymet to be materially different from those expressed or implied by such
forward-looking information. Such risks and other f actors may include, but are not limited to: the ear ly stage
development of Troymet and its 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; 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 Troymet; timing and availability of external financing on acceptable
terms; conclusions of economic evaluations; and lac k of qualified, skilled labour or loss of key indiv iduals. A
description of other assumptions used to develop su ch forward-looking information and a description of other risk
factors that may cause actual results to differ mat erially from forward-looking information may be fou nd in
Troymet's disclosure documents on the SEDAR website at www.sedar.com. Troymet does not undertake to up date
any forward-looking information except in accordance with applicable securities laws.