Typhoon Exploration Inc.
TSX VENTURE : TYP

Typhoon Exploration Inc.

April 15, 2013 16:30 ET

Typhoon Grants Options

LAVAL, CANADA--(Marketwired - April 15, 2013) - TYPHOON EXPLORATION INC. ("Typhoon") (TSX VENTURE:TYP) The Board of Directors has approved a grant of 650,000 stock options to its officers, directors, employees and consultants, under the company's Stock Option Plan.

Each stock option is exercisable at a price of $0.10 per share, for a period of 10 years.

ABOUT TYPHOON EXPLORATION INC.

  • Typhoon Exploration Inc. has a cash position of $3,079,654, representing $0.13 per share.
  • Typhoon Exploration Inc. holds only 24,101,235 shares outstanding.
  • The Fayolle Property offers the company the potential to host important gold resources.

THE COMPANY OWNS THE FOLLOWING PROJECTS:

  • Fayolle Project, 100%-owned by Typhoon Exploration Inc. / Rouyn-Noranda region
    (See agreement with Aurizon Mines Ltd. 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, in the heart of Plan Nord territory
  • Nordair Project, 100%-owned by Typhoon Exploration Inc. / James Bay region, in the heart of Plan Nord territory
  • 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 Diamond Frank Exploration Inc. / Rouyn-Noranda region

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.

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