Troy Energy Corp. Announces Closing of Agreement to Acquire Mining Properties

Vancouver, B.C., Canada August 25, 2017

NEX Symbol: TEG.H

NEWS RELEASE

TROY ENERGY CORP. ANNOUNCES

CLOSING OF AGREEMENT TO ACQUIRE MINING PROPERTIES

Troy Energy Corp. (the "Corporation" or "Troy") announces that it has closed its previously announced

transaction with BEC International Corp. ("BEC") (see press release dated July 18, 2017) 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 l eases. The leases and claims combined cover an area of

approximately 3,231 hectares. The consideration payable for the leases and claims consisted of: (i) the

issuance of 8, 250,000 common shares in the capital of Troy at an ascribed price of $0.05 per sha re; (ii)

cash consideration of $170,000, payable as to $42,500 at the 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 royalty 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 was 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 common 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 Inside r of the Corporation (by virtue of such Insider holding greater than

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

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

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

requirements set forth in the foregoing Multilateral Instrument. Final approval of the closing of this

transaction is subject to the approval of the NEX.

Forward Looking Statements

Except for statements of historical 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 variety 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. T he 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 t he TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the

release.