Typhoon Exploration Inc.

TSX VENTURE : TYP


Typhoon Exploration Inc.

February 03, 2014 10:50 ET

Typhoon Hires Tormont Group as Consultant

LAVAL, CANADA--(Marketwired - Feb. 3, 2014) - TYPHOON EXPLORATION INC. ("Typhoon") (TSX VENTURE:TYP) is pleased to announce that it has retained Tormont Group Inc. ("Tormont") as consultant to provide strategic marketing and investor relations services. Tormont will represent Typhoon's interests through proactive communications with the investing public and investment professionals as well as by providing guidance and strategy to increase shareholder support.

Under the terms of the agreement, Typhoon will pay Tormont $3,000 per month for a three (3) month initial term, from February 3rd to April 30th, 2014.

David Mc Donald, President and CEO of Typhoon commented, "We are pleased to have Tormont work with us in order to increase Typhoon's exposure as well as to generate market awareness. We chose Tormont based on their professional standards and their track record of successfully assisting other resource companies with effective investor relation plans and strategies."

About Tormont Group Inc.: Drawing on decades of experience and close ties within the capital markets, Tormont presents credible and relevant opportunities to institutional and high net worth investors. The strength of their relationships with the investing community is their most important asset.

Tormont also works as an advisor at times assisting those companies who desire an increased presence in the capital markets. They are an aggressive and determined champion of the companies they support.

Tormont works within both the public and the private equity space globally. Importantly, their partnerships in other countries enables them a breadth of relationships which is unique to Tormont Group Inc.

ABOUT TYPHOON EXPLORATION INC.

  • Typhoon Exploration Inc. only has 29,656,791 shares outstanding.

  • The Fayolle Property offers the potential to host important gold resources.

  • Typhoon Exploration Inc. is in an excellent financial position and carries no debts.

  • Typhoon Exploration Inc. conducts its exploration activities over the vast territory of Quebec in order to create value for its shareholders while protecting the quality of life for both present and future generation.

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

HIGHLIGHTS

  • 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 96%. (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)

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

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

Contact Information
David Mc Donald
President and CEO
Bureau Chef
255, Curé-Labelle Blvd.
Suite 204
Laval, QC H7L 2Z9
Tel : 450.622.4066
Fax : 450.622.4337
Toll free: 1.877.622.4004
Bureau Exploration
10741, Route d'Aiguebelle
Rouyn-Noranda (Mont-Brun), QC
J0Z 2Y0
Tel : 819.637.2096
Fax : 819.637.2076
info@typhoonexploration.com
www.typhoonexploration.com

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.

Contact Information