Typhoon Exploration Inc.
TSX VENTURE : TYP

Typhoon Exploration Inc.

January 25, 2011 08:00 ET

Typhoon Exploration Inc Has Begun its Drilling Campaign at Destorbelle

LAVAL, QUEBEC--(Marketwire - Jan. 25, 2011) - Typhoon Exploration Inc.(TSX VENTURE:TYP) announced today it has commenced its 2011 drilling campaign on the Destorbelle Project with Exploration Diamond Frank Inc. (TSX-V: DOD).

The drilling program will focus on north-west of the Fayolle Deposit to confirm the geological model defined during the geoscientific compilation conducted in 2009-2010 by Typhoon Exploration Inc.

The drilling strategy is oriented to intersect N-NW structural features that were developed by Typhoon Exploration Inc. (50%) and Diamond Frank Exploration Inc. (50%) This new drill pattern permits a better understanding of the relationship between intrusive dykes and mineralized zones, which are distributed within an E-W striking deformation corridor.

The Destorbelle Property is located less than 8 kilometres west of the Fayolle Deposit, where Typhoon Exploration is currently conducting a 50,000 meter drilling campaign. It is also located in the heart of Abitibi's developing mining projects.

See location map below:

http://media3.marketwire.com/docs/typhonENG.pdf

Due to its strategic location, this property allows Typhoon Exploration and its partner Exploration Diamond Frank to control over 35 km of favourable ground along the Destor-Porcupine Fault, which has already produced over 80 million ounces of gold.

Mr. David Mc Donald, President and Chief Executive Officer of Typhoon Exploration Inc., stated: "The mineralized auriferous zone located northwest of the Fayolle Deposit represents a priority target that will be systematically explored. As demonstrated in the nearby mining camp, several economic deposits were found to extend as deep as 1,000 metres."

All exploration work is being carried out under the supervision of Ressources Lutsvisky Inc. acting as project manager.

NOTE

During the first trimester, Typhoon Exploration and its partners will begin three (3) drilling campaigns along the 35 km of the Porcupine-Destor Fault under its control.

The work will be carried out on:

  • The Fayolle Project with Aurizon Mines Ltd
  • The Destorbelle Project with Exploration Diamond Frank Inc.
  • The Aiguebelle-Goldfields Project with Agnico-Eagle Mines Ltd

QUALITY CONTROL

All drill cores are oriented using Fordia's "Corientr" tool in order to measure their geological structures. Cores are sawn in half, with one part kept as a control and the other being analysed. Assays are performed with standard fire assay procedures and atomic absorption finish. Certified reference material, duplicates and blanks are inserted in the sample sequence for quality control. Primary assaying are performed by ALS Chemex of Val d'Or. The rejects for all samples returning >10 g/t Au are completely pulverized and re-assayed.

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 the information in this news release.

ABOUT TYPHOON EXPLORATION INC.

Typhoon is a Canadian mineral exploration company focused on developing its portfolio of gold projects near the Val d'Or, Malartic and Rouyn-Noranda gold mining camps in Abitibi, Quebec. The projects are located in one of the world's most prolific gold mining camps within the Abitibi Greenstone Belt along the Destor-Porcupine Fault. Its portfolio of gold projects include: The Fayolle Property (100%-owned by Typhoon), the Faille 1 Property (100%-owned by Typhoon), the Aiguebelle-Goldfields Property (51% owned by Typhoon and 49% owned by Agnico-Eagle Mines) and the Destorbelle Property (50% owned by Typhoon and 50% owned by Diamond Frank Exploration Inc.). All of these projects have historic mining infrastructure and producing mines located in close proximity to the property. The development of the company's properties situated along the profilic Porcupine-Destor Fault will be the primary focus of exploration work for 2011.

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

19,031,753 Shares outstanding  

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. 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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