Typhoon Exploration Inc.

Typhoon Exploration Inc.

October 20, 2006 16:00 ET

Typhoon Exploration Inc.: Options Granted to Directors

LAVAL, CANADA--(CCNMatthews - Oct. 20, 2006) - Typhoon Exploration Inc. (TSX VENTURE:TOO) announces that it granted 1,000,000 stock options to directors of the Company.

Mr Mc Donald, President and CEO, will be granted 500,000 stock options while each other Directors, Mr MM Fouad Choucair, Francois Larivee, Paul Antaki and Claude Charron, will receive 125,000 stock options each. Each option entitles the holder to subscribe to one share of the Company at a price $ 0.22 per share for a 5 year period (October 20, 2011).

Typhoon Exploration would like to remind the investors that its 1 ounce gold bar give away continues. This month's draw ends on October 31 (refer to September 6, 2006 press release)

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

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