October 20, 2010
October 20, 2010 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or
the “Company”) is pleased to report that it has entered into an
agreement to acquire a 100% interest in four claims that immediately
adjoin the south boundary of Troymet’s 100% owned Key project, which is
located 125 km southwest of Vanderhoof, British Columbia. The
strategically located B&Y claims (tenure # 642003, 642004, 642023
and 642024), which are being acquired from a private owner, cover 972
hectares. Troymet now controls 8,854 hectares (21,880 acres) of highly
prospective ground in the Key project.
Under the terms of the agreement, Troymet has paid the owner $2,500 on
signing and will issue 350,000 common shares of Troymet upon TSX Venture
Exchange approval. The owner will retain a 2% NSR on the claims, 1.5%
of which may be purchased by Troymet at any time for $750,000. The
acquisition is subject to TSX Venture Exchange approval.
The B&Y claims cover the extension, and junction, of the GN and East
faults. These structures carry anomalous gold and silver mineralization
on the Key project and are a primary target in Troymet’s ongoing
exploration program for the Key project.
Tracy Hurley, P.Geo., Vice President, Exploration and qualified person
as defined by National Instrument 43-101 is responsible for the
technical information provided in this release.
TROYMET EXPLORATION CORP.
Kieran Downes, Ph.D., P.Geo.
President, CEO & Director
For further information, contact:
Tel: 1-888-456-4952 or email@example.com
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 press release may contain certain forward-looking
information. All statements included herein, other than statements of
historical fact, is forward-looking information and such information
involves various risks and uncertainties. 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. A description of assumptions used to develop such
forward-looking information and a description of risk factors that may
cause actual results to differ materially from forward-looking
information can be found in the company’s disclosure documents on the
SEDAR website at www.sedar.com
. The company does not undertake to update
any forward-looking information except in accordance with applicable
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