Typhoon Exploration Inc.
TSX VENTURE : TYP

Typhoon Exploration Inc.

April 16, 2008 10:38 ET

Typhoon Exploration : Acquisition of a Property With Uraniferous Potential

LAVAL, QUEBEC--(Marketwire - April 16, 2008) - Typhoon Exploration Inc. ("Typhoon") (TSX VENTURE:TOO) announces that it has reached an agreement to acquire a 100% interest in the U3O8 property.

The property is comprised of 57 claims, located in the Havre Saint-Pierre area. Due to this property's proximity to the Cote-Nord property, 100% owned by Typhoon, it benefits from the same access advantages. This addition will permit a survey of the some expansions of the mineralization discovered during the autumn 2007 campaign.

Following the terms and condition of the agreement, Typhoon has committed to issue 950 000 common shares and to disburse 6 000 $ CAN to the vendor upon signature of the contract. The property has a 2% royalty in favour of the vendor, if the mine is placed into commercial production.

Typhoon hired the consulting firm Modelaur to proceed with a petrographical survey of various mineral bearing facies. The result of this survey shows that the mineralization discovered on the Cote-Nord property is mainly constituted of uranothorite. A common vector seems to unite the various petrographical phases surveyed; the increase of chloritization observed at the biotite level. This increase of chloritization could have favoured, to a certain extent, a further remobilization of the uranium. This practical hypothesis will be applied on site during the 2008 campaign.

Mr. Robert Gagnon, P. Geo., Technical Advisor, a Qualified Person as defined by National Instrument 43-101, 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 "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 does not accept responsibility for the adequacy or accuracy of this release.

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