Typhoon Exploration Announces New Results From 2011 Exploration Campaign

ID: 1072067
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(businesspress24) - LAVAL, QUEBEC -- (Marketwire) -- 01/11/12 -- Typhoon Exploration Inc. - (TSX VENTURE: TYP) announces that it has received and interpreted assay results series of eleven (11) holes from the 2011 exploration campaign. The campaign was conducted on Typhoon's 100% owned Fayolle project, in which Aurizon Mines Ltd. may acquire a 50% interest, subject to a 2% royalty, in exchange for a $2 million private placement and conducting $10 million worth of work. This campaign was planned and executed by the Typhoon-Aurizon joint venture. These results are strictly exploration for the purpose of expanding new zones. Fayolle Deposit results are not included in this release and will be released in the near future.

THE VANG ZONE REMAINS OPEN TO THE SOUTHEAST

The new results have allowed us to better define the potential for Vang, a new gold-bearing zone located about 600 metres to the southwest of the Fayolle Deposit. The Vang zone is characterized by the presence of an imposing mineralized monzodiorite dike. Several holes aiming to better identify the stratigraphy have allowed us to conclude that the zone was displaced by a fault zone on the northwest side. On the other hand, the Vang zone remains open to the southeast.

TABLE OF BEST RESULTS OF EXPLORATION CAMPAIGN

QUALITY CONTROL

All the drill cores were oriented using CorientR instrument in order to measure the geological structures observed in the core. Deviation testing was performed with a FLEXIT instrument. The drill cores were cut in half, one part being kept as a control and the other part being analyzed. Analyses were performed by standard fire assay with atomic absorption finish. Certified reference materials, field duplicates and blanks are inserted into the sample sequence for quality control purposes. Primary assaying is performed by ALS-Chemex in Val-d'Or. The rejects for all samples returning greater than 10g/t Au are re-assayed by gravity finish.

QUALIFIED PERSON

Mr. Robert Gagnon, P. Geo. (OGQ) of Typhoon Exploration Inc., is the Qualified Person as defined by National Instrument 43-101, to supervise the preparation of this press release.

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.

Financial Profile:

19,918,157 Shares outstanding

Highlights:

Fayolle Project,100% owned by Typhoon (See Agreeement with Aurizon Mines Ltd on Press Release of May 18, 2010)

Faille 1 Project, 100% owned by Typhoon

Destorbelle Project, 50% owned by Typhoon and 50% by Diamond Frank

Monexco Project, 100% owned by Typhoon

Aiguebelle-Goldfields Project, 51% owned by Typhoon and 49% owned by Agnico-Eagle Mines Ltd

Winner of the 2010 Entrepreneur of the Year Award (granted by the AEMQ)

Winner of the 2010 e3 Plus Award for Responsible Exploration (granted by the AEMQ)

Contacts:


Head Office
David Mc Donald
450-622-4066
Toll Free: 1-877-622-4004
450-622-4337 (FAX)

Geology
Robert Gagnon
819-637-2096
819-637-2076 (FAX)



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Date: 01/11/2012 - 10:48
Language: English
News-ID 1072067
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Kontakt-Informationen:
Firma: TYPHOON EXPLORATION INC.
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Stadt: LAVAL, QUEBEC
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