Triton Energy Corp.
TSX VENTURE : TEZ

Triton Energy Corp.

May 29, 2006 17:06 ET

Triton Announces Commencement of Drilling

CALGARY, ALBERTA--(CCNMatthews - May 29, 2006) - Triton Energy Corp. (TSX VENTURE:TEZ) ("Triton" or the "Corporation") is pleased to announce that its 2006 drilling program has commenced. The first well, located in the Sullivan Lake area, was spud on May 26th and is currently drilling ahead. The primary targets are the Detrital and Viking formations and Triton has a 100% working interest ("WI") in this well.

Upon completion of drilling operations at the Sullivan Lake well, the drilling rig will move to the Inland area where two (2) wells will be drilled. The first of these wells will test the Colony formation with Triton having a 100% WI. The second well will target the Belly River formation with Triton having a 100% WI before payout and a 75% WI after payout.

Additionally, seismic programs are underway and/or planned to commence shortly on two (2) prospects in West Central Alberta and one (1) prospect in East Central Alberta, with three (3) more wells expected to be licensed in June/July.

Triton is a Calgary, Alberta based Corporation engaged in the exploration, development and production of oil and natural gas. The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol "TEZ".

Forward-Looking Statements

This news release may include forward-looking statements including opinions, assumptions, estimates and management's assessment of future plans and operations, wells to be drilled, timing of licensing and drilling of wells, formations to be tested and commencement of seismic programs. When used in this document, the words "anticipate," "believe," "estimate," "expect," "intent," "may," "project," "plan", "should" and similar expressions are intended to be among the statements that identify forward-looking statements. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Corporation believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, the volatility of oil and gas prices, currency fluctuations, the ability to implement corporate strategies, the state of domestic capital markets, the ability to obtain financing, incorrect assessment of the value of acquisitions, failure to realize the anticipated benefits of acquisitions, changes in oil and gas acquisition and drilling programs, delays resulting from inability to obtain required regulatory approvals, delays resulting from inability to obtain drilling rigs and other services, environmental risks, competition from other producers, imprecision of reserve estimates, changes in general economic conditions, whether farm-in and farm-out opportunities result in agreements and other factors more fully described from time to time in the reports and filings made by Triton with securities regulatory authorities. Readers are cautioned not to place undue reliance on forward-looking statements, as no assurances can be given as to future results, levels of activity or achievements. Except as required by applicable securities laws, the Corporation does not undertake any obligation to publicly update or revise any forward-looking statements.


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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