Typhoon Exploration Inc.
TSX VENTURE : TYP

Typhoon Exploration Inc.

July 26, 2011 08:30 ET

Typhoon Exploration Inc. Continues Exploration on the Fayolle Property

LAVAL, QUEBEC--(Marketwire - July 26, 2011) - Typhoon Exploration Inc. (TSX VENTURE:TYP) wishes to inform its shareholders and the financial community about the progress of its exploration program on the 100% owned Fayolle property. The campaign was planned by Typhoon Exploration Inc. and Aurizon Mines Ltd. as part of a partnership agreement.

To date, nearly 30,000 meters of diamond drilling were completed in the 2011 campaign, planned for 50,000 meters. More than 42 exploration holes have been completed and several more are planned. Finally, 58 holes were drilled on the Fayolle Deposit and more holes are planned.

Geophysical airborne magnetic and electromagnetic surveys are completed. These surveys included 160 km and 190 km of flight lines. The magnetic survey conducted in 2004 (582 km) will be incorporated into the new data to obtain a resolution of 25 meters on the Fayolle Deposit and 50 meters on the north-east, helping to better define the magnetic signature of NNW structures identified under the new geological model that demonstrates the presence of high-grade brecciated structures on the Fayolle Deposit.

The prospecting and mapping campaign is 80% complete. The results of this campaign and those of the drilling program allowed us to identify four areas where stripping was carried out. These areas will be chip and channel sampled during the coming weeks, including the gabbroic zone discovered in hole FAX-11-15, which produced 1,480 g / t Au over 1 meter, 1 kilometre away from the Fayolle Deposit.

OTHER WORKS

We have commissioned an environmental consulting firm to begin a characterization study of the physical environment which is essential for the project advancement. More than 2 000 trees are currently being planted to rehabilitate some exploration sites.

Finally, a survey will be conducted soon to locate precisely drill holes positions. These data are needed to make a new mineral resource calculation which should be published before the end of the year.

More than twenty people are currently working on the Fayolle project, which is one of the most important mineral exploration projects in Quebec.

QUALITY CONTROL

All drill cores were oriented using the instrument "CorientR" to measure geological structures observed in core. The drill core is sawed in two, one part being retained as a witness and the second being analyzed. Analyses were performed by standard fire assay with atomic absorption finish. Certified reference materials, field duplicates and blanks are inserted into the sample sequence for quality control purposes. Primary assaying is performed by ALS-Chemex in Val-d'Or. Releases for all samples containing more than 10 grams of gold per ton are completely pulverized and re-analyzed.

ABOUT TYPHOON

Typhoon targets the excellent mineral potential and investment climate in Quebec for the development of new world class gold deposits and is proud to count on reputable partners such as Aurizon Mines Ltd. (www.aurizon.com). Their support, as well as that of its investors contributes greatly to the success of the company.

QUALIFIED PERSONS

Mr. Robert Gagnon, P. Geo. (OGQ) of Typhoon Exploration Inc., and Mr. Daniel Gaudreault Eng., Geo (OIQ) of Geologica Groupe-Conseil Inc. are the Qualified Persons as defined by National Instrument 43-101 to supervise the preparation of this press release.

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's management 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.

Symbol: TYP.V (Venture Exchange)

Financial Profile:

19,905,657 Shares outstanding

Highlights:

Typhoon's Annual Special Assembly will be taking place on August 31, 2011 at 10h30. We encourage our shareholders to vote upon receipt of the form which will be delivered by mail on the first week of August

A 50,000 meter drill program is currently underway on the Fayolle Project, with a budget of $6.5 million invested by Aurizon Mines Ltd.

Main deformation corridor of 2.5 km long by 1 km wide and open at depth, on the Fayolle Project

Winner of the 2010 Entrepreneur of the Year Award (granted by the AEMQ)

Winner of the 2010 e3 Plus Award for Responsible Exploration (granted by the AEMQ)

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.

Contact Information