Troy Energy Corp. Announces Closing of Flow-Through Financing and Director Resignation

Vancouver, B.C., Canada October 10, 2017

NEX Symbol: TEG.H

NEWS RELEASE

TROY ENERGY CORP. ANNOUNCES CLOSING OF FLOW-THROUGH

FINANCING and DIRECTOR RESIGNATION

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

private placement financing of 1,000,000 flow through c ommon shares at a price of $0.10 per share for

aggregate gross proceeds of $10 0,000. In accordance with applicable securities laws, the common shares

issued under this financing will be subject to a four-month hold period that expires on February 11, 2018.

The proceeds from this private placement will be used for exploration work on the 3,231 hectare

Yellowknife Gold Belt mineral property located 90 kilometres north of Yellowknife that the Corporation

has acquired (for details, please refer to the Corporation's press release dated July 18, 2017 and August

25, 2017). The Corporation paid cash commissions totaling $2,800 to PI Financial Corp.in connection

with this placement.

The Corporation also announces that Colin Taylor has resigned from the Board of Directors in order to

pursue other business activities. The Corporation wishes to thank Colin for his contribution while a

Director.

Forward Looking Statements

Except for statements of histo rical 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. 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: (250) 465-1806

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 th e

release.