TYE Troymet Exploration Corp.

Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet"): Further to press
releases dated October 18, 2010, October 22, 2010, and November 1, 2010, Troymet
has completed the second and final tranche closing of a non-brokered private
placement consisting of 150,000 units at a price of $0.15 per unit for gross
proceeds of $22,500 and 377,776 common shares issued on a "flow-through" basis
at a price of $0.18 per common share for gross proceeds of $68,000. Aggregate
gross proceeds from the sale of both units and flow-through shares on the second
tranche of the private placement totaled $90,500. Each unit consists 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 $4,760 was paid to three finders. In addition, 26,444 finder's
warrants (each a "Finder's Warrant") were issued with each Finder's Warrant
being exercisable into one Common Share 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. All of
the securities issued in connection with the private placement are subject to a
four-month and one day hold period (until March 11, 2011).


Aggregate gross proceeds of the private placement from both tranches total
$2,309,875. These proceeds 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.


The completion of the private placement is subject to final TSX Venture Exchange
approval. Two directors of Troymet participated in the private placement and
Troymet has determined that there are exemptions available from the various
requirements of TSX Venture Policy 5.9 and Multilateral Instrument 61-101 for
the issuance of the units and flow-through shares to such directors of Troymet
(Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval -
Fair Market Value Not More Than $2,500,000).


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 the corporation'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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