Triangle Petroleum Corporation
OTC Bulletin Board : TPLM

Triangle Petroleum Corporation

November 14, 2005 09:00 ET

Triangle Participates In Drilling First Well In United States

CALGARY, ALBERTA--(CCNMatthews - Nov. 14, 2005) - Triangle Petroleum Corporation (the "Company" or "Triangle") (OTCBB:TPLM) is pleased to announce its first drilling initiative in the United States. Through a joint venture with Hunter Energy ("Hunter") of Denver Colorado, the Company's wholly owned subsidiary, Triangle USA Petroleum Corporation ("Triangle USA"), has spent $700,000 for its share of the drilling costs for the first well, which commenced drilling on November 12. The drilling of the exploration test well in Colorado is the result of a long term multi-discipline team effort by Hunter.

Hunter, under the guidance of John Masters (co-founder of Canadian Hunter Exploration Limited), is an industry recognized leader in identifying and developing projects of this nature. Triangle USA has a 25 % interest in the prospect lands governed by an area of mutual interest. The acreage held by the joint venture group has the potential for a continued development program.

Mr. Ron Hietala, President of Triangle USA, states "the opportunity to work with an exceptional team having detail knowledge of the under-explored Rocky Mountain basins will accelerate Triangle's plans and greatly expand our horizons. We believe that a short window of opportunity exists before competition increases and industry players re-focus on this area."

About Triangle Petroleum Corporation

Triangle is an exploration company focused primarily on large resource plays in the Deep Basin area of Western Canada and in select areas of the western United States. An experienced team comprising technical and business skills has been formed to exploit the Company's opportunity portfolio. Advanced reservoir description techniques will complement state of the art 3-D seismic interpretations to optimize drill sites. Project specific drilling and well completion techniques will be employed to optimize the production potential for each new pool. A land acquisition strategy employing traditional and new business models will be used to secure the opportunities for Triangle.

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On behalf of the Board of Directors,


Mark Gustafson, President

Safe Harbor Statement. This news release includes statements about expected future events and/or results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to, the amount of funds the Company may receive, the Company's proposed acquisition and development of properties, including drilling projects. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include the possibility that additional investments will not be made or that appropriate opportunities for development will not be available or will not be properly developed. For additional risk factors about our Company, readers should refer to risk disclosure contained in our reports filed with the Securities and Exchange Commission.

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