Taipan Resources Inc.
TSX VENTURE : TPN
OTCQX : TAIPF

Taipan Resources Inc.

October 27, 2014 09:00 ET

Taipan Resources Inc. Announce Full DTC Eligibility

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 27, 2014) - Taipan Resources Inc. ("Taipan" or the "Company") (TSX VENTURE:TPN)(OTCQX:TAIPF) announces the company has secured DTC Eligibility by The Depository Trust Company for its shares on the OTCQX effective October 24, 2014.

The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible." This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors. Securities that are not DTC-eligible are often not accepted for trading at many brokerages due to the amount of paperwork and manpower required to execute and settle trades, thus making it more difficult for a significant percentage of investors to access the shares.

Joel Dumaresq, Chairman & CFO of Taipan stated, "Electronic trading is the standard in today's financial markets, and becoming DTC-eligible greatly simplifies the process of trading and exchanging our common stock in the USA, thereby increasing the liquidity of our shares and enhancing shareholder value"

About Taipan Resources Inc.

Taipan Resources Inc. (TSX VENTURE:TPN) is an independent African oil and gas exploration company with interests in Block 1 and Block 2B onshore Kenya through its wholly owned subsidiary Lion Petroleum Corp.

Taipan operates and holds a 30% working interest in Block 2B (1.35 million acres / 5,464 km2) and a 20% working interest in Block 1 (5.497 million acres gross / 22,246 km2) which is operated by East Africa Exploration (Kenya) Ltd., a subsidiary of Afren plc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that 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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