Troon Receives TSXV Conditional Approval

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.


Troon Ventures Ltd. (TSX VENTURE:TVN.H) ("Troon" or the "Company") is pleased to
announce that it has received conditional approval from the TSX Venture Exchange
of the proposed business combination with Grenville Strategic Royalty Corp. (the
"Transaction"). 


A summary of the Transaction is provided in the Company's news releases dated
November 26, 2013, and December 18, 2013. 


The Company is also pleased to announce that it has delivered for mailing an
information circular, letter of transmittal and form of proxy (collectively, the
"Meeting Materials") related to the special meeting of the shareholders of the
Company to be held February 13, 2014 (the "Meeting") to approve, among other
things, the Transaction. The Meeting will be held at 10:00am (Vancouver time) at
888 Dunsmuir Street, 2nd Floor, Vancouver, British Columbia. It is anticipated
that the Meeting Materials will be mailed to shareholders of the Company on
January 17, 2014.


ON BEHALF OF THE BOARD, TROON VENTURES LTD.

Andrea Zaradic, President, CEO and Director

Completion of the Transaction is subject to a number of conditions, including
Exchange acceptance and shareholder approval. The Transaction cannot close until
all required approvals have been obtained. There can be no assurance that the
Transaction will be completed as proposed or at all.


Investors are cautioned that, except as disclosed in the Management Information
Circular to be prepared in connection with the Transaction, any information
released or received with respect to the Transaction may not be accurate or
complete and should not be relied upon. Trading in the securities of Troon
should be considered highly speculative.


Raymond James Ltd., subject to completion of satisfactory due diligence, has
agreed to act as sponsor to Troon in connection with the Transaction. An
agreement to sponsor should not be construed as any assurance with respect to
the merits of the Transaction or the likelihood of completion of the
Transaction.


TSX Venture Exchange has in no way passed upon the merits of the Transaction.
Neither 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 release.


Troon and Grenville caution the reader that there is no guarantee that any of
the potential outcomes from the Agreement will actually occur or be finalized.
Certain information contained herein constitutes "forward-looking information"
under Canadian securities legislation. Forward-looking information includes, but
is not limited to statements with respect to: the Meeting and the mailing of the
Meeting Materials. Generally, forward-looking information can be identified by
the use of forward-looking terminology such as "expects" or "it is expected", or
variations of such words and phrases or statements that certain actions, events
or results "will" occur. Forward-looking statements are based on the opinions
and estimates of management as of the date such statements are made and they are
subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of
Troon or Grenville to be materially different from those expressed or implied by
such forward-looking statements or forward-looking information, including: the
receipt of all necessary regulatory approvals, the ability to conclude the
Transaction, capital expenditures and other costs, and financing and additional
capital requirements. Although management of Troon and Grenville have attempted
to identify important factors that could cause actual results to differ
materially from those contained in forward-looking statements or forward-looking
information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements and
forward looking information. Neither Troon nor Grenville undertakes to update
any forward-looking statements or forward-looking information that are
incorporated by reference herein, except as required by applicable securities
laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Troon Ventures Ltd.
Andrea Zaradic
1-778-330-1299
604-558-0058 (FAX)


Troon Ventures Ltd.
Chris Curran
1-778-330-1299
604-558-0058 (FAX)
[e-mail]
www.troonventures.com