Typhoon Exploration Inc.
TSX VENTURE : TYP

Typhoon Exploration Inc.

March 24, 2006 12:17 ET

Typhoon Completed 21 Drill Holes at Fayolle as of March 23 2006

LAVAL, CANADA--(CCNMatthews - March 24, 2006) - Typhoon Exploration Inc. (TSX VENTURE:TOO) is pleased to announce that it issued 349,034 shares to four (4) investors following the exercise of warrants at a price of $ 0.55 that will be escrowed until June 28, 2006. Sodemex, a limited partnership whose limited partner is Caisse de depot et de Placement du Quebec's subsidiary, and David Mc Donald are among these four (4) investors. Typhoon received $ 191,969.14 from the exercise of theses warrants. The proceeds from the exercise of the warrants will be applied toward continued exploration of Typhoon's properties and for general corporate purposes.

Mr David Mc Donald, President and CEO, informs Typhoon's shareholders that the Winter 2006 drilling campaign is progressing as planned. As of March 23 2006, 21 drill holes were completed at Fayolle. Compilation of the results is progressing and will be made available shortly. As of today, the Company is waiting for the results of drill holes FA-06-10 to 17.

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

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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