Troy Energy Corp. Announces Closing of Private Placement and Shares-FOR-Debt

Vancouver, B.C., Canada July 11, 2017

NEX Symbol: TEG.H

NEWS RELEASE

TROY ENERGY CORP. ANNOUNCES

CLOSING OF PRIVATE PLACEMENT AND SHARES-FOR-DEBT

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

private placement financing with the issuance of 8,000,000 common shares at a price of $0. 05 per share

for aggregate gross proceeds of $ 400,000. In addition, an aggregate of 1,200,000 common shares have

been issued at a deemed pr ice of $0.05 per share in settle ment of existing loans payable to an officer,

director and a shareholder in the aggregate amount of $60,000. In accordance with applicable securities

laws, the common shares issued under this offering and pursuant to the shares -for-debt transaction are

subject to four -month hold periods that will expire on November 12, 2017. With the participation of

insiders in the shares for debt transaction and the financing, these transactions constitute related party

transactions under Multilateral Instrument 6 1-101 – "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 proceeds from this offering will be

used for investigation of new projects and for general working capital purposes.

Forward Looking Statements

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

constitutes forward -looking statement s. 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 material ly 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 Ser vices Provider (as that term is defined in the

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

release.