Hyperion Exploration Corp.

Hyperion Exploration Corp.

December 02, 2010 08:00 ET

Hyperion Exploration Corp. Announces Appointment of Vice President, Land and Business Development and Issuance of Options

CALGARY, ALBERTA--(Marketwire - Dec. 2, 2010) - Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX) is pleased to announce the appointment of Ryan J.M. Heath as the Vice President, Land and Business Development of Hyperion. Mr. Heath is a Landman with over 12 years of mineral, contracts and A&D land and corporate development experience. Most recently, Mr. Heath was a founding member and Vice President of Land and Business Development with Severo Energy Corp., a private exploration and production company resulting from a spin-off of Perpetual Energy Inc. Prior thereto, Mr. Heath held various senior land and corporate development roles with Paramount Energy Trust and Petrofund Energy Corp. Mr. Heath is a member and active volunteer within the Canadian Association of Petroleum Landmen.

In addition, Hyperion announces that it granted options on December 1, 2010 to acquire up to 1,373,526 Common Shares of Hyperion, 1,226,257 of which were granted to directors and officers of Hyperion. Each grant of options is for a five year term, expiring on December 1, 2015. The options vest over three years (1/3 on each of the first, second and third anniversary of the grant date). The options are exercisable at a price of $1.80 per Common Share. There are now options outstanding to purchase a total of 2,553,126 Common Shares of Hyperion, or approximately 8.2% of Hyperion's issued and outstanding Common Shares.

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

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