Typhoon Exploration Inc.
TSX VENTURE : TYP

Typhoon Exploration Inc.

June 07, 2006 16:47 ET

Typhoon Extends the Exercise Period of Warrants

LAVAL, QUEBEC--(CCNMatthews - June 6, 2006) - Typhoon Exploration Inc. (TSX VENTURE:TOO) is pleased to announce that following the closing of a private placement of $ 173,000 on March 23, 2006 the regulatory approvals will be sollicited to extend the exercise period of warrants for a 1 year period until March 23, 2008.

Typhoon's press release dated March 29, 2006 mentioned that the exercise of warrants was subject to a restriction: if, during the warrant exercise period, the common shares are traded at a price of seventy-eight cents ($0.78) and more for a period of five (5) consecutive business days, the subscriber will have, at the end of this 4 months and one day period, five (5) days to exercise its warrants, failing which, the right to exercise the warrants will be deemed raised. This restriction has been waived.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

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

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