TYE Troymet Exploration Corp.

Troymet Exploration Corp. (TSX VENTURE:TYE)("Troymet") is pleased to announce
that further to its press release dated October 18, 2010, the size of its
previously-announced non-brokered private placement has been increased to
$3,000,000 (the "Increased Offering") due to market demand. The Increased
Offering will consist of up to 6,666,667 units ("Units") at a price of $0.15 per
Unit for gross proceeds of up to $1,000,000 and 11,111,111 common shares issued
on a "flow-through" basis at a price of $0.18 per common share for gross
proceeds of up to $2,000,000. Each Unit will consist of one common share (a
"Common Share") and one half of one Common Share purchase warrant (a "Warrant").
Each full Warrant is exercisable for two years from closing into one Common
Share at $0.25 per share for the first year from closing and $0.35 per share for
the second year from closing. A finder's fee of up to 7 percent 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 7
percent of the number of Units and flow-through shares sold under this private
placement. The finder's warrants will be exercisable into Common Shares at a
price of $0.15 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 at the McClarty Lake property in
Manitoba, and for general corporate purposes. Closing of the financing is
anticipated to occur on or around October 29, 2010.


This news 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 Troymet's disclosure documents on the SEDAR website at
www.sedar.com. The corporation does not undertake to update any forward-looking
information except in accordance with applicable securities laws.

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