Troymet Exploration Provides Operational Update

Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") is
pleased to provide an operational update to shareholders.


- HUDBAY subsidiary exercises its right to earn back 20% in two claims at
McClarty Lake, MB


- Financing closed for $1.3 million

- Enters agreement for investor relations services

- 2008 exploration program at Golden Eagle, BC

McClarty Lake Project, MB

Troymet completed a very successful 2008 winter diamond drilling program on the
McClarty Lake project, Snow Lake, Manitoba and earned a 60% interest in two
claims from Hudson Bay Exploration and Development Limited (HBED), a 100% owned
subsidiary of HudBay Minerals Inc. Under the terms of the Option Agreement, HBED
has elected to earn back a twenty (20%) percent undivided interest in the two
claims from Troymet by spending $750,000 on exploration over the next three
years (Reference: June 12, 2007 news release). Troymet also owns a 100% interest
in three other contiguous claims.


The McClarty volcanogenic massive sulphide (VMS) mineralization is a new
discovery in a significantly under-explored area, and the Company believes the
potential for further discovery is excellent. The property is located
approximately 24 kilometres southeast of the VMS Ventures' Reed Lake discovery
and approximately 45 kilometres south-southeast of HudBay Minerals' Lalor Lake
discovery.


Tracy Hurley, VP Exploration of Troymet states: "The success of the 2008
exploration program and HBED's decision to earn back in to the property lends
strong support to management's belief that McClarty Lake is a property of
substantial merit, with excellent potential to host a precious metal rich VMS
deposit. We're looking forward to building on the excellent results with HudBay
this coming winter."


Financing

In July 2008, Troymet completed a non-brokered private placement consisting of
16,250,000 units ("Unit") at a price of $0.08 per Unit for gross proceeds of
$1,300,000. Proceeds of the financing will be used to conduct the 2008
exploration program on the Golden Eagle project, complete option payments on
Troymet's mineral properties and for general and administrative expenses and
working capital. (Reference: July 8, 2008 news release).


Investor Relations Agreement

The Company has engaged Senergy Communications Inc. ("Senergy") to provide it
with investor relations services and signed an initial six (6) month consulting
agreement commencing August 1, 2008, with an option to renew at terms mutually
agreeable to each party. The agreement requires the Company to pay Senergy
$7,500 per month for investor relations services, $1,000 per month for a
dedicated surrogate office and related administrative services, and to reimburse
Senergy for all pre-approved expenses. In addition, Senergy has been granted
125,000 incentive stock options exercisable at $0.15 per share and Shiro Rae, an
employee of Senergy, has been granted 75,000 options. The options shall be
exercisable as to 1/4 of the grant every three months from the date of grant in
accordance with Policy 4.4 of the TSX Venture Exchange. Senergy and Shiro Rae
currently own no shares of Troymet. Anthony Zelen, owner of Senergy, directly
and indirectly owns 325,000 common shares of Troymet. The agreement is subject
to the approval of the TSX Venture Exchange.


Vancouver-based Senergy Communications Inc. provides investor relations and
marketing services to public companies in the natural resource sectors. Senergy
will assist Troymet in fostering productive, continuing dialogues with analysts,
brokers, potential investors, current shareholders and other financial
professionals.


Golden Eagle Project, BC

Troymet owns a 100% interest in the Golden Eagle project located within the
Tintina Gold Belt in Northwestern British Columbia. The Company is mobilizing an
extensive diamond drilling and exploration program to build on the success of
the 2005 and 2006 programs, which included the drilling of four holes in the
Tannis Zone and intersected high-grade gold-silver mineralization along a
100-metre strike and to depths of 50 metres. The property has the potential to
host several deposit types, including high-grade gold-silver vein-hosted
deposits, bulk tonnage copper/gold porphyries with associated skarn deposits and
VMS deposits. Eleven separate mineralized zones have been identified to date
over the property's 25-kilometre long extent.


Troymet has engaged Equity Exploration Consultants Ltd. as project manager for
the 2008 program that will include 2,500 metres of diamond drilling, detailed
mapping and sampling on the Tannis Zone and property-wide prospecting of
airborne magnetic and EM anomalies identified in 2005. The diamond drilling
program will initially target high-grade gold-silver mineralization hosted in
pyrite and arsenopyrite-bearing quartz veins/structures within rhyolitic
intrusives in the Tannis zone.


Kieran Downes, President & CEO of Troymet commented on the upcoming 2008 Golden
Eagle exploration program: "We are very excited to further test the anomalies
identified during the previous exploration seasons. The Tannis zone is
considered to have significant exploration potential."


Key Project, BC

Troymet is finalizing plans to conduct an airborne electromagnetic VTEM survey
on its 100% owned Key Project in northern British Columbia.


Tracy Hurley, PGeo, Troymet's Vice-President of Exploration, and qualified
person as defined by National Instrument 43-101 is responsible for the technical
data presented in this release.


Troymet Exploration Corp.

Kieran Downes, Ph.D., P.Geo., President, CEO & Director

This press release may contain "forward-looking information" within the meaning
of applicable Canadian securities legislation. All statements, other than
statements of historical fact, included herein may be forward-looking
information. Generally, forward-looking information may be identified by the use
of forward-looking terminology such as "plans", "expects" or "does not expect",
"proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or variations
of such words and phrases, or by the use of words or phrases which state that
certain actions, events or results may, could, would, or might occur or be
achieved. This forward-looking information reflects the Company's current
beliefs and is based on information currently available to the Company and on
assumptions the Company believes are reasonable. These assumptions include, but
are not limited to, the actual results of exploration projects being equivalent
to or better than estimated results in technical reports or prior exploration
results, and future costs and expenses being based on historical costs and
expenses, adjusted for inflation. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of the Company to
be materially different from those expressed or implied by such forward-looking
information. Such risks and other factors may include, but are not limited to:
the early stage development of the Company and its projects; general business,
economic, competitive, political and social uncertainties; commodity prices; the
actual results of current exploration and development or operational activities;
competition; changes in project parameters as plans continue to be refined;
accidents and other risks inherent in the mining industry; lack of insurance;
delay or failure to receive board or regulatory approvals; changes in
legislation, including environmental legislation, affecting the Company; timing
and availability of external financing on acceptable terms; conclusions of
economic evaluations; and lack of qualified, skilled labour or loss of key
individuals. Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. Accordingly, readers should not
place undue reliance on forward-looking information. The Company does not
undertake to update any forward-looking information, except in accordance with
applicable securities laws.