Typhoon Exploration Inc.
TSX VENTURE : TYP

Typhoon Exploration Inc.

September 25, 2013 09:44 ET

Typhoon: Exploration Program Underway on the Fayolle Project

LAVAL, CANADA--(Marketwired - Sept. 25, 2013) - TYPHOON EXPLORATION INC. ("Typhoon") (TSX VENTURE:TYP) and Joint Venture Partner Hecla Quebec Inc. began Field Exploration Program in July, on the Fayolle Project. A combination of different exploration works will permit the next drilling programs on new prioritized surface targets showing similar characteristics as the Fayolle Deposit.

TRENCHING ON THE FAYOLLE DEPOSIT

Trenching on the subcroping area of the Fayolle Deposit will enhance geological and geometrical comprehension of the near surface, high-grade mineralization present at Fayolle. The new trench should provide visual access to a mineralized zone defined in the latest resource model. Mapping and systematic channel-sampling will provide unrivalled information on Fayolle's high-grade mineralization consistency and confirm its orientation.

PROSPECTION AT THE PROPERTY SCALE

An 80 km ground magnetometer survey will extend the 2004 ground survey towards the east in order to identify other magnetic patterns similar to the ones already known to characterize the Fayolle and McDonald mineralization. The identification of new outcrop areas showing favourable magnetic signatures will support a subsequent prospection program.

TRENCHING ON THE PARÉ TREND

Trenching is planned on the Paré Trend, located 500 m south of the Fayolle Deposit. The Paré Trend returned a drillhole intersection of 1.3 g/t Au over 36 meters. No outcrops featuring the geology of the Paré Trend are known. Mapping and channel-sampling will follow.

OUTLOOK

The realization of the surface exploration efforts will provide critical basic information and drill targets leading to increase the property resources basis.

ABOUT TYPHOON EXPLORATION INC.

- Typhoon Exploration Inc. has a cash position of $3,579,654, representing $0.12 per share.
- Typhoon Exploration Inc. only has 29,656,791 shares outstanding.
- The Fayolle Property offers the potential to host important gold resources.

OUTLOOK

- A Mineral Resource Estimate was completed in 2012 for the Fayolle Deposit and its resources transferred from the
inferred category to the indicated category. (see press release dated September 6th, 2012)

- A Preliminary Metallurgical Study of the gold recovery rate was completed in 2012 on the Fayolle Deposit and indicated an
average gold recovery rate of more than 94%. (see press release dated October 30th, 2012)

- A Positive Preliminary Economic Assessment Study (PEA) was completed on the Fayolle Deposit in 2013.
(see press release dated April 9th, 2013)

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

THE COMPANY OWNS THE FOLLOWING PROJECTS:

  • Fayolle Project, 100%-owned by Typhoon Exploration Inc. / Rouyn-Noranda region (See agreement with Hecla Quebec Inc. 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
  • Nordair Project, 100%-owned by Typhoon Exploration Inc. / James Bay region
  • 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 Axe Exploration Inc. / Rouyn-Noranda region

QUALIFIED PERSON

Mr. Daniel Gaudreault, P. Eng., Geol. (OIQ), of Géologica Groupe-Conseil, is the Qualified Person 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 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.

Map and figures are available at the following address: http://media3.marketwire.com/docs/Typhoon_Fayolle_ENG.pdf.

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