Troymet Completes $500,000 Financing

COMOX, BRITISH COLUMBIA–(Marketwire – Jan. 22, 2010) – Troymet Exploration Corp. (TSX
VENTURE:TYE) (“Troymet“): Further
to a press release dated December 8, 2009, Troymet has completed the closing of
a non-brokered private placement consisting of 10,000,000 units at a price of
$0.05 per unit for gross proceeds of $500,000. Each unit consists of one
common share and one common share purchase warrant. Each warrant is
exercisable into one common share at a price of $0.10 per common share for two
years from the date of issuance. Proceeds of the private placement will be
used for Troymet’s drilling program at McClarty Lake, MB, and for general
corporate purposes. A
finder’s fee of $31,200 was paid to a finder by the issuance of 624,000 common
shares of Troymet. In addition, 624,000 finder’s warrants were issued with
each finder’s warrant being exercisable into one common share at a p