Typhoon Exploration Inc.
TSX VENTURE : TYP

Typhoon Exploration Inc.

November 12, 2008 13:30 ET

Typhoon Grants a 50% Option on One of its Gold-Bearing Properties

LAVAL, CANADA--(Marketwire - Nov. 12, 2008) - Typhoon Exploration Inc. ("Typhoon") (TSX VENTURE:TOO) announces the conclusion of an option agreement of 50 % of the property Destorbelle with Diamond Frank Inc.

The property is comprised of 24 claims located in the area of Canton of Clericy (Rouyn-Noranda, Abitibi). The terms of this agreement are:

- Diamond Frank have to spend a minimum of 600.000 $ CAD in exploration work before December 31, 2009 for 49%;

- Diamond Frank have to spend a minimum of 400 000 $ CAD in exploration work before March 31, 2010 for 1%;

- The property has a 2% NSR royalty if a mine is placed into commercial production, Diamond Frank can acquire any time 1% of the NSR Royalty at the $1 000 000 CAD;

- This agreement is subject to the approval of the regulatory authorities.

The company is please to announce the appointment of Mr Robert Gagnon to the Board of Directors as a replacement of Mr. Claude Charron as administrator. Mr Gagnon member of L'Ordre des Geologues du Quebec, bring due to its expertise and the knowledge of the projects of Typhoon a significant asset for all the operation work.

The company pursues presently several exploration works on its property, such as detailed cartography, line cutting, structural study, geochemical survey, IP survey, 3D Gocad modelization and prospecting.

Mr. Robert Gagnon, P. Geo., Technical Advisor, a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the information in this news release.

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

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 does not accept responsibility for the adequacy or accuracy of this release.

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