Typhoon Exploration Inc.

Typhoon Exploration Inc.

August 07, 2008 09:00 ET

Typhoon: Annual and Special Meeting of Shareholders of August 28th, 2008

LAVAL, CANADA--(Marketwire - Aug. 7, 2008) - Typhoon Exploration Inc. (TSX VENTURE:TOO)("Typhoon") - To Typhoon Exploration shareholders, please note that the purpose of the press release dated July 30, 2008 was to submit to shareholders a consolidation proposal, and not necessarily the consolidation offer itself. The company's management reserves the right of not conducting the consolidation if it is adopted at the meeting scheduled to take place this coming August 28.

The purpose of the consolidation proposal and the adoption of a shareholder protection program as mentioned in the press release of July 24, 2008, is to provide Typhoon shareholders with all the required tools in order to obtain maximum ROI on their shares in one of the past decade's least favorable markets for mining exploration companies, and despite rising gold prices.

Typhoon's mission is to constantly be on the lookout for new discoveries so it can deliver added value to its shareholders. Consequently, Typhoon has decided to take action in the current market and is asking its shareholders to be proactive and vote this Thursday, August 28 in favor of the proposal submitted by the company's management.

The common shares of Typhoon Exploration are listed on the Venture Stock Exchange under the symbol "TOO".

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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