Troy Energy Corp. Announces Agreement to Acquire Mining Properties

Vancouver, B.C., Canada July 18, 2017

NEX Symbol: TEG.H

NEWS RELEASE

TROY ENERGY CORP. ANNOUNCES

AGREEMENT TO ACQUIRE MINING PROPERTIES

Troy Energy Corp. (the "Corporation" or "Troy") announce s that it has entered into a binding letter

agreement w ith BEC International Corp. ("BEC") in respect of the acquisition of three mining leases

situated in the Yellowknife Gold Belt, together with seven mineral claims adjoining and contiguous with

such leases. The leases and claims combined cover an area of ap proximately 3,231 hectares. The

consideration payable for the leases and claims consists of : (i) the issuance of 8, 250,000 common shares

in the capital of Troy at an ascribed price of $0.05 per share; (ii) cash consideration of $170,000, payable

as to $42,500 upon closing of the transaction and a further $42,500 on each of the six (6), twelve (12)

and eighteen (18) month anniversaries of the closing date; (iii) a 1.5% net smelter royalty in respect of

the leases, with an option to buy out 0.75% of such roy alty for $ 1,500,000; and (iv) a 2.5% net smelter

royalty in respect of the claims, with an option to buy out 1.25% of such royalty for $2,500,000.

In addition, the Corporation has also been granted an option by BEC to acquire certain additional mineral

properties in Saskatchewan consisting of ten (10) mineral claims in four (4) separate parcels (covering a

total of approximately 2,214 hectares in area) for an aggregate purchase price of $100,000, payable via

the issuance of an aggregate of 2,000,000 comm on shares at a price of $0.05 per share. Upon exercise of

the foregoing purchase option, a 2.5% net smelter royalty shall be granted to BEC in respect of these

properties.

As BEC is controlled by an Insider of the Corporation (by virtue of such Insider holding greater than

10% of the issued and outstanding voting shares of the Corporation) , this transaction constitutes a related

party transaction under Multilateral Instrument 61- 101 – "Protection of Minority Security Holders in

Special Transactions ". Exemptions are available from the minority shareholder approval and valuation

requirements set forth in the foregoing Multilateral Instrument. The transaction is subject to the approval

of the NEX.

Forward Looking Statements

Except for statements of historica l fact relating to the Corporation, certain information contained herein

constitutes forward -looking statements. Forward- looking statements are based on the opinions and

estimates of management at the date the statements are made, and are subject to a var iety of risks and

uncertainties and other factors that could cause actual events or results to differ materially from those

projected in the forward- looking statements. The Corporation undertakes no obligation to update

forward-looking statements if circumstances or management's estimates or opinions should change. The

reader is cautioned not to place undue reliance on forward-looking statements.

FOR FURTHER INFORMATION, PLEASE CONTACT:

James Owen, Troy Energy Corp.

Chief Executive Officer

Phone: (604) 671-4168

Richard Wingate

President

Phone: (306) 229-5029

Neither TSX Venture Exchange nor i ts Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the

release.