Troymet Exploration Corp. updated exploration plans for the McClarty Lake project, located approx. 45 kilometres south of HudBay Minerals Inc.'s Chisel North and Lalor volcanogenic massive sulphide (VMS) deposits.

The Lalor project, scheduled to be in production in 2015, is on a fast track to become Hudbay's next major underground mine. The project is believed to hold the second metal deposit in the Flin Flon Greenstone Belt and the pre-development deposit discovered in the Flin Flon-Snow Lake region. The McClarty Lake project comprises two claims (DYC3606 & DOL78; 252 hectares) held in a Joint Venture between Hudbay (60%) and Troymet (40%), and three claims (MAC-1, MAC-2 & MAC-3; 344 hectares) owned 100% by Troymet.

The company reported that planning is well advanced for the 2013 winter diamond drilling on the McClarty Lake Joint Venture where Hudbay Minerals Inc. is the operator (HudBay 60%; Troymet 40%). The drill program will test for plunge extensions of the Discovery zone mineralization to the southeast, and be conducted by Hudbay in conjunction with its regional drill program. An access road is currently being prepared as are on-ice drill platforms. Under the terms of the Joint Venture Agreement, Hudbay must fund $1,076,051 in exploration costs before Troymet is required to fund its participating interest.

Thereafter, Hudbay and Troymet will share all future exploration and development expenditures pro-rata based on their participating interests.