Typhoon Exploration Inc.
TSX VENTURE : TYP

Typhoon Exploration Inc.

September 29, 2010 18:57 ET

The Typhoon-Aurizon Tandem Intersects 112.5 g/t Au on 6 Meters on Fayolle Project

LAVAL, QUEBEC--(Marketwire - Sept. 29, 2010) - Typhoon Exploration Inc. (TSX VENTURE:TYP) announces the first analysis results from its 2010 drilling campaign including the FA-10-04 drill-hole which intersected 112.5 g/t Au on 6.0 meters, on the Fayolle property 100%-owned by Typhoon. The results are based on the FA-10-01 to FA-10-04 drill-holes carried out on the Fayolle Project as part of a $27 million dollar agreement concluded with Aurizon Mines Ltd. (see press release dated May 18, 2010). The property contains inferred mineral resources totaling 113,000 ounces of gold, which have been delineated to date down to 200 meters at a grade of 1.6 grams of gold per tonne (2,191,100 tonnes) using a cutoff grade of 0.5 grams per tonne (Reference: «Mineral Resources Evaluation of the Fayolle Gold Deposit / 43-101 Technical Report» dated February 21, 2007, available on SEDAR).

The FA-10-01 to FA-10-04 drill-holes carried out in the Fayolle Deposit sector were completed in order to verify the updated grade distribution model.

Existing resources (see technical report NI 43-101 on SEDAR) are comprised of a combination of high-grade material and low-grade disseminated pyrite. In planning the current program, Typhoon – Aurizon tandem apply a spatial model for grade distribution that has identified high-grade zones trending perpendicular to the main deformation corridor which is oriented NW-SE. The results of the first four drill holes which were drilled at N250 appear to confirm the new model with improved continuity between mineralized zones compared to the previous program, where the holes were generally drilled at N330°.

Furthermore, this new drilling pattern orientation tends to show that the intersected mineralized intrusions are at true thickness.

Drill hole # From (m) To (m) Length (m) Average
(not cut)
FA-10-04 61.00 67.00 6.00 112.5 g/t Au
FA-10-03 208.00 211.00 3.00 6.3 g/t Au
FA-10-02 250.00 252.00 2.00 5.72 g/t Au
FA-10-01 192.00 193.50 1.50 33.79 g/t Au

See attached map to visualize the new drillings' orientation elaborated by the Typhoon-Aurizon tandem you can also visit Typhoon Website, in section Map and Photo, to look at typical visible gold samples.

All cores from these surveys are oriented with the help of Fordia's "CorientR" instrument. Gyro tests were performed on drill-holes FA-10-01 and FA-10-03 in order to check for deviation when compared to the systematic Flexit test carried out at 3 meter intervals in each survey.

These latest results reveal the gold potential of the Fayolle property along an ESE-WNW structure more than 1.2 km long between the Aiguebelle-Goldfield and Mc Donald showings. Several other drill-holes are presently being analyzed and results will be divulged as they become available.

Quality Control

Core assays are performed on ore sawed in half, with standard fire assay procedures and atomic absorption finish. Certified reference material, duplicate and blanks are inserted in the sample sequence for quality control. Primary assaying is performed by ALS Chemex of Val d'Or. The rejects for all samples returning >10 g/t Au are totally pulverized and re-assayed.

The 15,000 meter drilling program currently underway represents about 39 drill-holes which are to be completed before the end of December 2010. The campaign is progressing on schedule, and to date 14 drill-holes have been completed for a total of 4,648 meters.

Please note

Typhoon targets Quebec's excellent mineral potential and favourable investment climate for the development of new world-class gold deposits. Typhoon is proud to count on reputable partners, such as Aurizon Mines Ltd. (www.aurizon.com). Their support, as well as that of its 2,444 investors (which hold the 19,008,924 shares currently in circulation), contributes greatly to the success of the company.

Mr. Robert Gagnon, P. Geo. (OGQ), Technical Advisor, a Qualified Person as defined by National Instrument 43-101 and Mr. Daniel Gaudreault ing., Geo, supervised the preparation of the information in this news release.

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

A map is available at the following address: http://media3.marketwire.com/docs/TYP0929.pdf

Forward-Looking Statements

This news release contains statements that constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities legislation. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of Typhoon. Actual results or achievements may differ materially from those expressed in, or implied by, this forward-looking information. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Typhoon will derive therefrom. Forward-looking information is based on the estimates and opinions of Typhoon's management at the time the information is released and Typhoon does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. Neither 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.

Contact Information