Typhoon Exploration Inc.
TSX VENTURE : TYP

Typhoon Exploration Inc.

March 23, 2006 12:40 ET

Typhoon Intersects and Extends Gold Mineralization at Fayolle, Grading Up to 0.11 oz/t Gold Over 54.1 Feet

LAVAL, CANADA--(CCNMatthews - March 23, 2006) - Typhoon Exploration Inc. (TSX VENTURE:TOO) is pleased to announce that it has received assay results from an initial batch of samples of the Winter 2006 drill program at the Company's 100% owned Fayolle Property. A total of 17 holes have been completed to date for 3,400 meters (refer to Figure 1 Location Map).

All 17 drill holes have been logged with mineralized samples shipped to an accredited assay laboratory for gold assaying. Whole-rock sampling and analysis is also being carried out on the drill core for detailed vectoring of the gold mineralization. To date, 1,256 assay samples have been shipped to the laboratory. A total of 936 gold assay results have been received from drill holes FA-06-01 to 09. Assay results are pending for 8 holes (FA-06-10 to 17). Significant gold assay intervals were intersected in all current drill holes, except for FA-06-01 (refer to the appended Table 1).

David Mc Donald, Typhoon's President and CEO, commented "In the last few weeks, we have been able to shorten the gap between the drilling, which has progressed rapidly, core logging and sampling, and assaying. We will be able to release additional results from holes 10 to 17 shortly".

Highlights

Even with only 9 of 17 drill holes fully assayed, results show more widespread lower and higher gold mineralization exceeding the current limits of the known gold-carbonate corridors and lenses. New gold intervals more than 3 g/t gold are linked alteration corridors 3 and 4, rich in iron carbonates and sulphides, intersected north and west of the FA-05-15 lens in corridor 2 :



---------------------------------------------------------------------
2006 DDH No. Orientation Results Comments
g/t Au / oz/t Au /
meters feet
---------------------------------------------------------------------
FA-06-03 SE 5.99 / 4.5 0.17 / 14.8 FA-06-03 is
located 435 feet
NW of FA-05-15 ;
in alteration
corridor no 4
---------------------------------------------------------------------
FA-06-04 SE 3.71 / 16.5 0.11 / 54.1 FA-06-04 is
located 445 feet W
of FA-05-15 ; in
alteration
corridor 4
---------------------------------------------------------------------
FA-06-06 SE 1.11 / 12.0 0.03 / 39.4 FA-06-06 is
incl. incl. located 540 feet
15.74 / 0.4 0.46 / 1.3 NW of FA-05-15 ;
in alteration
corridor 4
---------------------------------------------------------------------
FA-06-07 SE 2.73 / 7.0 0.08 / 23.0 FA-06-07 is
incl. incl. located 505 feet
4.79 / 3.0 0.14 / 9.8 NW FA-05-15 ;
in corridor
alteration 3
---------------------------------------------------------------------
FA-06-08 SE 1.38 / 16.8 0.04 / 55.1 FA-06-08 is
incl. incl. located 560
6.24 / 3.0 0.18 / 9.8 feet W of FA-05-15
; in alteration
corridor 3
---------------------------------------------------------------------
FA-06-09 SE 0.78 / 38.0 0.02 / 124.7 FA-06-09 is
incl. incl. located 145
6.32 / 1.5 0.18 / 4.9 feet N of
FA-05-15 ; in
alteration
corridor 3
---------------------------------------------------------------------

Results demonstrate that the alteration corridors 3 and 4 are open to
the west and north. Additional results are pending from the same
corridors.


Table 1
Significant gold assay intervals(i)
from the Winter 2006 Drill Program

---------------------------------------------------------------------
Drill Hole # From To Grade Grade
(meters) (meters) (g/t Au / meters) (oz/t Au / feet)
---------------------------------------------------------------------
FA-06-02 53.5 55.0 1.54 1.5 0.04 4.9
---------------------------------------------------------------------
108.5 110.0 1.84 1.5 0.05 4.9
---------------------------------------------------------------------
159.5 161.0 1.05 1.5 0.03 4.9
---------------------------------------------------------------------
FA-06-03 91.6 93.0 1.83 1.4 0.05 4.6
---------------------------------------------------------------------
152.0 152.5 3.51 0.5 0.10 1.6
---------------------------------------------------------------------
225.0 229.5 5.99 4.5 0.17 14.7
---------------------------------------------------------------------
incl. 225.0 226.5 17.28 1.5 0.50 4.9
---------------------------------------------------------------------
FA-06-04 18.0 34.5 3.71 16.5 0.11 54.1
---------------------------------------------------------------------
incl. 20.2 24.0 4.66 3.8 0.14 12.5
---------------------------------------------------------------------
incl. 25.5 34.5 4.17 9.0 0.12 29.5
---------------------------------------------------------------------
46.0 50.0 1.81 4.0 0.05 13.1
---------------------------------------------------------------------
incl. 47.0 48.5 3.37 1.5 0.10 4.9
---------------------------------------------------------------------
90.5 106.0 1.01 15.5 0.03 50.1
---------------------------------------------------------------------
incl. 92.0 93.5 3.43 1.5 0.10 4.9
---------------------------------------------------------------------
incl. 104.5 106.0 4.77 1.5 0.14 4.9
---------------------------------------------------------------------
121.0 124.0 3.29 3.0 0.10 9.8
---------------------------------------------------------------------
FA-06-05 113.5 114.0 1.30 0.5 0.04 1.6
---------------------------------------------------------------------
FA-06-06 129.8 130.5 2.29 0.7 0.07 2.3
---------------------------------------------------------------------
140.0 152.0 1.11 12.0 0.03 39.4
---------------------------------------------------------------------
incl. 146.0 146.4 15.74 0.4 0.46 1.3
---------------------------------------------------------------------
160.0 162.0 1.94 2.0 0.06 6.6
---------------------------------------------------------------------
171.0 178.5 1.72 7.5 0.05 24.6
---------------------------------------------------------------------
incl. 177.3 178.5 4.45 1.2 0.13 3.9
---------------------------------------------------------------------
FA-06-07 98.5 100.0 1.39 1.5 0.04 4.9
---------------------------------------------------------------------
102.5 103.5 3.04 1.0 0.09 3.3
---------------------------------------------------------------------
105.6 107.0 1.12 1.4 0.03 4.6
---------------------------------------------------------------------
125.0 132.0 2.73 7.0 0.08 22.9
---------------------------------------------------------------------
incl. 129.0 132.0 4.79 3.0 0.14 9.8
---------------------------------------------------------------------
161.3 162.8 5.82 1.5 0.17 4.9
---------------------------------------------------------------------
221.5 230.5 1.89 9.0 0.06 29.5
---------------------------------------------------------------------
incl. 227.5 229.0 3.80 1.5 0.11 4.9
---------------------------------------------------------------------
FA-06-08 33.0 34.5 1.07 1.5 0.03 4.9
---------------------------------------------------------------------
46.0 47.5 3.00 1.5 0.09 4.9
---------------------------------------------------------------------
58.5 59.5 1.40 1.0 0.04 3.3
---------------------------------------------------------------------
84.0 87.7 3.38 3.7 0.10 11.9
---------------------------------------------------------------------
incl. 86.5 87.7 6.88 1.2 0.20 3.9
---------------------------------------------------------------------
147.7 164.5 1.38 16.8 0.04 55.1
---------------------------------------------------------------------
incl. 158.5 161.5 6.24 3.0 0.18 9.8
---------------------------------------------------------------------
172.0 181.5 1.11 9.5 0.03 31.2
---------------------------------------------------------------------
incl. 180.0 181.5 4.41 1.5 0.13 4.9
---------------------------------------------------------------------
206.0 211.0 3.71 5.0 0.11 16.4
---------------------------------------------------------------------
incl. 208.0 210.0 8.24 2.0 0.24 6.6
---------------------------------------------------------------------
FA-06-09 128.0 166.0 0.78 38.0 0.02 124.7
---------------------------------------------------------------------
incl. 137.0 145.5 1.63 8.5 0.05 27.9
---------------------------------------------------------------------
incl. 144.0 145.5 6.32 1.5 0.18 4.9
---------------------------------------------------------------------
incl. 157.5 163.0 1.30 5.5 0.04 18.0
---------------------------------------------------------------------
(i) Detailed results are available on the Company's website at
www.explorationtyphon.com. Grades are uncut. Lengths are measured
along the core axis and are not true widths.


Quality Assurance / Quality Control

Assaying follows a pre-established sampling and assay protocol. Mineralized drill core is sawed in half and sampled on lengths varying between 0.3 to 1.5 meters, sealed in bags, and sent to Expert Laboratory in Rouyn-Noranda, Quebec, where they are assayed for gold using the Fire-Assay preparation method and an Atomic-Absorption finish. Results greater than 1,000 ppb Au are re-assayed using a gravimetric finish. A quality control program (QA/QC) was implemented by the laboratory to insure the precision of the analytical method and results.

Corporate Development

Typhoon has recently optioned the Aiguebelle-Goldfields Property from Agnico-Eagle Mines Limited (refer to press release dated March 7, 2006). Aiguebelle-Goldfields straddles the western boundary of the Fayolle mineralization. Typhoon now controls an 8 kilometer (or 5 mile) corridor along the gold bearing Porcupine-Destor Fault. Historical drilling at the Aiguebelle-Goldfields intersected significant gold mineralization (DDH46-08 with 4.87 g/t gold over 12.6 meters or 19.7 oz/t gold over 41.3 feet); DDH85-15 with 4.25 g/t gold over 4.0 meters or 0.12 oz/t gold over 13.1 feet) located 700 meters (2,300 feet) due west of the western most extension of the Fayolle mineralization.

The Fayolle and Aiguebelle-Goldfields projects are managed by Jean Lafleur, P. Geol. (OGQ). Mr. Lafleur, a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the information in this news release.

Common shares of Typhoon Exploration trade under the symbol " TOO " on the TSX Venture Exchange.

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.

http://www.explorationtyphon.com/Docs/F_2006_08.pdf

http://www.explorationtyphon.com/Docs/Z_Fayolle_2006_01.pdf

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