Triangle Petroleum Corporation
OTC Bulletin Board : TPLM

Triangle Petroleum Corporation

October 05, 2005 09:00 ET

Triangle Hires Veteran Landman

CALGARY, ALBERTA--(CCNMatthews - Oct. 5, 2005) - Triangle Petroleum Corporation (the "Company") (OTCBB:TPLM) is pleased to announce the following key addition to its wholly-owned operating subsidiary, Elmworth Energy Corporation ("Elmworth").

Elmworth is pleased to announce the addition of Neil McPherson to the team. Mr. McPherson brings thirty-six years of land expertise to the company. Upon graduation from the University of Calgary in 1969 with a B.A., Mr. McPherson began his career in the land department of Mobil Oil Canada Ltd. He was actively involved in both surface and mineral land responsibilities.

In 1974, Mr. McPherson joined Sundance Oil Canada Ltd. Sundance is the industry recognized discoverer of the giant Hoadley gas field of west central Alberta. Sundance was able to acquire the key acreage early in this regionally extensive gas field. Mr. McPherson's responsibilities included farmins, farmouts, poolings, participations, contracts, records and surface rights for the Hoadley Field exploration and development program.

From 1979 to 1983, Mr. McPherson held senior executive land positions with Covenant Resources Ltd. and Oakwood Petroleum, and he also worked as an independent land consultant. In each of these positions, Mr. McPherson worked closely with the exploration departments to secure land positions on emerging prospects and stewarded acreages held. Exploration strategies were developed to meet the land challenges in each project and company.

From 1983 to 1987, Mr. McPherson held the positions of Land Manager and Vice-President of Land for Morgan Hydrocarbons. Morgan was a successful junior resource company which actively developed fields in Alberta. Mr. McPherson contributed to the corporate efforts of fundraising in addition to the general land responsibilities for exploration, development, acquisitions and dispositions.

Mr. McPherson developed a key computerized land administration system when he assumed the position as President of Covenant Resources Ltd. from 1987 to 1991. Covenant's focus during this period was to provide all land related services to the oil and gas industry and to also participate in exploration projects.

From 1991 to 1995, Mr. McPherson assumed the responsibilities of Land Manager for Mannville Oil & Gas Ltd. Mannville was a successful company combining an aggressive exploration strategy with the acquisition of three corporate entities. Mr. McPherson was responsible for all land related matters for the corporation.

Mr. McPherson returned to Covenant Resources in 1995 as President. He continued to fulfill senior management duties until 2002. Covenant provided land related services to the oil and gas industry including land expiries, exploration, acquisitions and corporate disposition packages.

Mr. McPherson assumed the position of Vice-President of Land for High Point Resources Inc. in 2002. High Point was a junior resource company involved in exploration and development in Alberta and North East British Columbia. His responsibilities included industry negotiations, farmins, farmouts, contracts and administration. Mr. McPherson, along with the exploration team, initiated new projects including property and corporate acquisitions.

The Elmworth area is geographically large and comprises twenty-eight commercial horizons. Land ownership is complex in this highly competitive and active area. Elmworth Energy is excited to add Mr. McPherson to its growing team. The expertise of individuals such as Mr. McPherson should allow the company to capture the opportunities identified by its exploration team.

About Triangle Petroleum Corporation

Triangle is a focused natural gas exploration company developing a large resource play in the Deep Basin area of Western Canada. The Company will use propriety technology to identify and commercialize natural gas fields. An experienced team comprising technical and business skills is being formed to exploit the Company's opportunity portfolio. Advanced reservoir description techniques will complement state of the art 3-D seismic interpretations to optimize drill sites. Project specific drilling and well completion techniques will be employed to optimize the production potential for each new pool. A land acquisition strategy employing traditional and new business models will be used to secure the opportunities for Triangle.

On behalf of the Board of Directors,

Mark Gustafson, President

Safe Harbor Statement. This news release includes statements about expected future events and/or results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to, the amount of funds the Company may receive, the Company's proposed acquisition and development of properties, including drilling projects. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include the possibility that additional investments will not be made or that appropriate opportunities for development will not be available or will not be properly developed. For additional risk factors about our Company, readers should refer to risk disclosure contained in our reports filed with the Securities and Exchange Commission.

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