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February 6, 2013

Troy Energy Corp. Announces Termination of Guatemala Transaction

Troy Energy Corp. (the "Corporation" or "Troy") announces that it will not be proceeding with its previously announced farm-in in respect of Guatemala Production Sharing Agreement 4-93, an oil and gas production sharing agreement covering approximately 174,000 hectares in the South Peten Basin of Guatemala (see Troy's press releases dated July 26, 2012 and October 12, 2012 for details). The Corporation plans to re-examine further alternative transactions for the purpose of graduating back to the TSX Venture Exchange. The trading halt that is currently in place in respect of the Corporation's shares is expected to be lifted on or about February 7, 2013.

Forward Looking Statements
Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

FOR FURTHER INFORMATION, PLEASE CONTACT:

James Owen, Troy Energy Corp.
President and Chief Executive Officer
Phone: (604) 684-9201
Fax: (604) 684-9877

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.
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