TRIPLE 8 ENERGY LTD.
TSX VENTURE : TEE

September 13, 2010 17:43 ET

Triple 8 Energy Ltd. Announces Shareholder Approval of Share Consolidation and Name Change

CALGARY, ALBERTA--(Marketwire - Sept. 13, 2010) -  

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Triple 8 Energy Ltd. ("Triple 8" or the "Corporation") (TSX VENTURE:TEE) is pleased to announce that at the annual general and special meeting of the shareholders of the Corporation held on September 9, 2010, the requisite shareholder approval was received to consolidate the common shares of the Corporation (the "Common Shares") on the basis of one post-consolidation Common Share for up to every twenty pre-consolidation Common Shares and to change the name of the Corporation to "Hyperion Exploration Corp."

The Corporation anticipates that the board of directors of the Corporation shall, in consultation with its financial advisors, determine the exact consolidation factor within approximately three weeks of the date of this press release, after which a further news release will be issued. 

The Corporation currently has 200,625,667 Common Shares issued and outstanding. Details of each of the share consolidation and name change are set out in the management information circular of the Corporation dated August 13, 2010, a copy of which is available electronically at www.sedar.com.

The Corporation plans to file articles of amendment as soon as practicable after the determination of the consolidation factor, giving effect to the share consolidation and the name change. The Corporation anticipates that the post-consolidation Common Shares will begin trading on the TSX Venture Exchange soon thereafter under the new trading symbol "HYX". The share consolidation and name change remain subject to the final approval of the TSX Venture Exchange.

Forward Looking and Cautionary Statements

As indicated above, completion of the proposed consolidation and name change is subject to a number of conditions, including but not limited to, TSX Venture Exchange approval. There can be no assurance that the consolidation and/or name change will be completed as proposed or at all.

Except for statements of historical fact, this news release may contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. There are uncertainties inherent in forward-looking information, including factors beyond the Corporation's control, and no assurance can be given that the proposed consolidation or name change will be completed on time, or at all. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect the Corporation's financial results is contained in the Corporation's filings with Canadian securities regulators, which filings are available at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

The TSX Venture Exchange has in no way passed upon the merits of the proposed consolidation or name change and has neither approved or disapproved the contents of this press release.

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