Troymet Completes Sale of 1% NSR Royalty on Key Property to New Gold

NANAIMO, British Columbia, April 09, 2018 (GLOBE NEWSWIRE) — Troymet Exploration Corp. (TSXV:TYE) (Troymet) is pleased to announce that it has sold half of its 2% net smelter returns royalty (“NSR Royalty”) on the Key Property (for clarity, the non-repurchasable half of the 2% NSR Royalty was sold) to New Gold Inc. (“New Gold”) for a cash payment received today of $300,000 and a potential future payment of $81,250. The potential future payment will be made by New Gold to Troymet if a valuation condition in relation to an-arm’s length third party private company is satisfied within two years of today’s date (the “Valuation Condition”). Troymet continues to own the remaining 1% NSR Royalty on the Key Property which can be purchased by New Gold for $2,000,000 cash. Troymet originally sold the Key Property, subject to the NSR Royalty, to New Gold on December 10, 2013. For further information on the original transaction, please see Troymet’s news release dated December 10, 2013 and filed on SEDAR at  

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