Troymet Announces $1,000,000 Private Placement

Troymet Exploration Corp. ("Troymet") (TSX VENTURE:TYE), is pleased to announce
that Troymet intends to complete a non-brokered private placement of up to
$1,000,000 consisting of a combination of units ("Units") issued at a price of
$0.05 per Unit and common shares issued on a "flow-through" basis at a price of
$0.07 per common share. Each Unit will consist of one common share in the
capital of Troymet (a "Common Share") and one Common Share purchase warrant (a
"Warrant"). Each full Warrant is exercisable for one year from closing into one
Common Share at $0.15 per share. A finder's fee of up to 8% of the gross
proceeds of the private placement may be paid in cash or Common Shares on all or
any portion of this private placement. Additionally, finder's warrants,
exercisable into Common Shares of Troymet, may be issued in an amount up to 8%
of the number of Units and flow-through Common Shares sold under this private
placement. The finder's warrants will be exercisable into Common Shares at a
price of $0.05 per Common Share for a period of one year from the date of
issuance of the finder's warrants.


It is not anticipated that any new insiders will be created, nor that any change
of control will occur, as a result of the private placement. Completion of the
private placement is subject to regulatory approval.


Proceeds of the private placement will be used for Troymet's exploration
programs at the Key and Golden Eagle properties in British Columbia, and for
general corporate purposes.


Closing of the financing is anticipated to occur on or around August 12, 2011.

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 certain 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 securities
laws.