TYE Troymet Exploration Corp.

Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") reports
it has negotiated an option, subject to acceptance by the TSX Venture Exchange,
to acquire a 100% interest in the Thelon project, which is located in Nunavut
Territory from a director of the Company. As a result, the transaction is a
non-arm's length transaction. Under the terms of the option, Troymet will (i)
pay the optionor $5,000 on signing and on each anniversary date while the option
is valid and in good standing; (ii) pay 2% of all exploration expenditures to
the optionor until a production decision is reached; and (iii) maintain the
leases in good standing (approx. $27,700/year). The optionor will receive a 2%
gross royalty on any production from the project properties. One half (1/2) of
1% of the royalty can be purchased for $1 million at any time; one-third of the
remaining royalty (1/2 of 1%) can be purchased for an additional $2 million at
any time. 


The Thelon project is located approximately 150 km northwest of Baker Lake,
Nunavut Territory. Agnico Eagle's new Meadowbank gold mine is located approx.
150 km east of the project. AREVA's pre-production stage Kiggavik uranium
deposit is located 90 km southeast of the project while Uranium North Resources
Corp.'s Amer Lake uranium deposit is located approx. 100 km to the north. The
Thelon project (11 mineral leases - 7,213 ha) covers 5 properties prospective
for high-grade uranium and rare earth mineralization. The properties contain a
mix of uraniferous boulder trains, anomalous rock geochemistry and anomalous
lake sediment geochemistry. The uranium mineralization is similar to the
high-grade "unconformity-type" mineralization currently being mined in the
Athabasca area of Saskatchewan and the Kombolgie area of Australia. 


Rare earth elements ("REE") are associated with fluorapatite and phosphatic
sandstone +/- uranium on the Thelon project, however, the REE potential of the
phosphatic mineralization has never been evaluated. Troymet analyzed six float
samples from 2 of the 5 target areas at the ALS Minerals' Vancouver laboratory
using a lithium meta-borate fusion and inductively coupled plasma mass
spectrometry ("ICP-MS"). The analyses confirmed the presence of a full range of
light REE and heavy REE in the samples tested. Further exploration is required
to confirm the REE potential of the Thelon project. Troymet is primarily
interested in the Thelon project for its REE potential. However, the property
also contains a number of highly attractive uranium drill targets including Area
7 with a radioactive boulder train (non-phosphatic and illitic) with several
hundred boulders and values ranging from trace to 18.85 % U3O8. The Thelon
project option is a strategic acquisition given the current REE market and
supply situation. Troymet intends to seek a partner to fund exploration and
development on the Thelon project. 


Troymet's primary focus, in 2012, is its 100% owned (8,854 ha) Key project in
British Columbia where a $1 million exploration and diamond drilling program is
scheduled to commence in May. The program is fully funded and permitted and will
commence once the property is clear of snow. The Key project has significant
discovery potential and is road accessible. It is strategically located
immediately adjacent to New Gold Inc.'s Blackwater gold deposit which contains
(N.R. March 7, 2012):-




--  Indicated gold resource: 174 million tonnes at an average grade of 0.98
    grams per tonne containing 5.5 million ounces of gold at a 0.4 gram per
    tonne cut-off grade 
--  Inferred gold resource: 92 million tonnes at an average grade of 0.78
    grams per tonne containing 2.3 million ounces of gold at a 0.4 gram per
    tonne cut-off grade 



Troymet will be exhibiting at the Calgary Energy and Resource Investment
Conference on March 30-31, 2012. Please visit us at booth 208. Troymet will also
be exhibiting at the 25th annual KEG Conference and Tradeshow in Kamloops on
April 3-4, 2012. Please visit us in the Columbia Room. 


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

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 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.

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