Typhoon Exploration Inc.

Typhoon Exploration Inc.

November 28, 2006 17:08 ET

Conclusion of a Private Placement of $200,000.10

LAVAL, CANADA--(CCNMatthews - Nov. 28, 2006) - Typhoon Exploration Inc. (TSX VENTURE:TOO) is pleased to announce that it has concluded on November 23rd 2006 a non-brokered private placement, with SODEMEX II, whose sponsorship is la Caisse de Depot et de placement Quebec.

The placement is comprised of 930,233 common shares of class A of the Corporation at a price of twenty one cent and a half ($0.215). Each common share of class A is accompanied of one warrant which entitles the holder to purchase one common share at a price of twenty five cents ($0.25) for a period of twelve (12) months from the closing date, until November 23rd 2007. Moreover, the exercise of the warrants as well as the common shares class A are subject to be under escrow for a period of four months, therefore, they are not allowed to be traded before March 24th 2007

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