Troymet Reports: New Gold Completes Expenditure Commitment on the Key Property

CALGARY, ALBERTA--(Marketwired - March 25, 2015) - Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") reports that New Gold Inc. (NGD.TO) ("New Gold") has completed its committed expenditure of $1,500,000 on mineral exploration on the Key property in British Columbia. In December 2013, Troymet completed the sale of its 100% interest in the Key property to New Gold. As part of the transaction, New Gold committed to spend $1,500,000 on the Key property, with a minimum of $500,000 of expenditures on or before December 31, 2014, and the balance of $1,000,000 of expenditures on or before December 31, 2018.

Kieran Downes, President and CEO of Troymet, commented: "We view New Gold's decision to accelerate the expenditure schedule such that the entire, committed $1.5 million was spent in 2014 as extremely positive for the Key property. New Gold activities included a discovery of high grade porphyry-style mineralization three kilometres south of its main Blackwater deposit and within 1 kilometre of the Key property."

Troymet retains a 2% net smelter returns royalty ("NSR") on the Key property, of which half can be purchased by New Gold at any time for $2,000,000 cash, thereby reducing the NSR royalty to 1%.

The Key property adjoins the Blackwater gold-silver deposit which is currently in the permitting phase:

• Proven and Probable mineral reserves: 8.17 million ounces gold & 60.8 million ounces silver*

• Measured and Indicated mineral resources (exclusive of mineral reserves): 1.07 million ounces gold & 12.7 million ounces silver*

• Inferred mineral resources: 0.29 million ounces gold & 1.5 million ounces silver*

* http://www.newgold.com/investors/NewGoldNews/PressReleaseDetail/2015/New-Gold-Finishes-2014-Further-Solidifying-its-Low-Cost-Position-2015-Scheduled-to-Deliver-Production-Growth-In-Gold-Copper-and-Silver/default.aspx

Kieran Downes, P. Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information provided in this release.

TROYMET EXPLORATION CORP.

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

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