Hyperion Exploration Corp.

Hyperion Exploration Corp.

January 25, 2011 08:30 ET

Hyperion Exploration Corp. Announces Establishment of New Bank Facility

CALGARY, ALBERTA--(Marketwire - Jan. 25, 2011) - Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX) is pleased to announce the activation of new banking facilities with the National Bank of Canada. Hyperion has activated a revolving operating facility with a borrowing limit of $10.0 million and an acquisition/development facility with a borrowing limit of $3.0 million. Security for these facilities is provided by way of a charge over the petroleum and natural gas assets of the Company. It is anticipated these facilities will be drawn upon to fund the Company's 2011 capital program.

Hyperion is a publically traded, high growth junior light oil and gas company resulting from the recapitalization of Triple 8 Energy Ltd. in July 2010. Hyperion's business strategy is to grow through acquisitions which lead to lower risk, scalable and repeatable development drilling projects. Currently Hyperion has 56 net drilling locations identified (50 light oil, 6 natural gas), including 33 Cardium horizontal light oil prospects. The common shares of the Company trade on the TSX Venture Exchange under the trading symbol "HYX".

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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