Typhoon Exploration Inc.

Typhoon Exploration Inc.

July 10, 2012 10:17 ET

Typhoon Exploration Inc. Announces the Appointment of a New Director

LAVAL, QUEBEC--(Marketwire - July 10, 2012) - Typhoon Exploration Inc. - (TSX VENTURE:TYP) announces that it is in the final phase in order to obtain a new resource calculation of the Fayolle Deposit, as per National Instrument 43-101 standards, as well as a metallurgical study of the gold recovery rate.

When both studies are completed and announced by a press release, Typhoon Exploration Inc. will then initiate a preliminary economic study of the Fayolle Deposit.

In addition, Typhoon announces the appointment of Ms. Johanne Brisson as a new member of the Company's Board of Directors.

Ms. Brisson, known for her determination and dynamism, filled various positions in different areas of expertise over the past 30 years. As a former senior financial controller, she acquired strong management skills in terms of human, financial and material resources. As an entrepreneur, she has been leading several companies, primarily located in the Plan Nord territory, giving her broad knowledge of this area.

Mr. David Mc Donald, President and CEO of Typhoon Exploration Inc., states: "In addition to her dynamism, Ms. Brisson will bring her expertise as a manager to the board of directors as well as her knowledge of the Plan Nord territory, which will be an asset to the Company".


The 27 million dollar agreement between Typhoon Exploration Inc. and Aurizon Mines Ltd. is starting off its third year and is going according to schedule.

Typhoon Exploration Inc. holds only 22,591,235 shares outstanding.

The Company has a shareholder rights plan which has been extended in 2011 for a 3 year period.

The information circular for our upcoming Annual General Assembly will be sent by mail shortly. We invite the shareholders to review the document and exercise their voting right, either by mail, internet or by phone.

For more information, visit SEDAR's website at www.sedar.com or the company's website at www.typhoonexploration.com

The Company owns the following projects:

  • Fayolle Project, 100%-owned by Typhoon Exploration Inc. / Rouyn-Noranda region
    (See agreement with Aurizon Mines Ltd. in press release dated May 18, 2010)
  • Faille 1 Project, 100%-owned by Typhoon Exploration Inc. / Rouyn-Noranda region
  • Monexco Project, 100%-owned by Typhoon Exploration Inc. / Chibougamau region, in the heart of Plan Nord territory
  • Nordair Project, 100%-owned by Typhoon Exploration Inc. / James Bay region, in the heart of Plan Nord territory
  • Aiguebelle-Goldfields Project, 51%-owned by Typhoon and 49%-owned by Agnico-Eagle Mines Limited / Rouyn-Noranda region
  • Destorbelle Project, 50%-owned by Typhoon and 50%-owned by Diamond Frank Exploration Inc. / Rouyn-Noranda region

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

Forward-Looking Statements

This news release contains statements that constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities legislation. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of Typhoon. Actual results or achievements may differ materially from those expressed in, or implied by, this forward-looking information. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Typhoon will derive therefrom. Forward-looking information is based on the estimates and opinions of Typhoon at the time the information is released and Typhoon does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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