VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/06/13 -- Troy Energy Corp. (the "Corporation" or "Troy") (TSX VENTURE:TEG.H) 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.

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