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TYPHOON EXPLORATION INC.: Typhoon Closes a Private Placement

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  Published in Business and Finance on Friday, October 2nd 2009 at 12:57 GMT by Market Wire
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LAVAL, QUEBEC--(Marketwire - Oct. 2, 2009) - Typhoon Exploration Inc. (TSX VENTURE:TYP) announces closing of non-brokered private placement with an accredited investor.

Private placement

Typhoon Exploration has just closed on October 1st, 2009 a private placement of $75,000. These placements consist of issuing of 500,000 common shares at $0.15 per share and 500,000 warrants. Each warrant grants the right to purchase one common share at the price of $0.20 per share until 24 months after closing. The placement is subject to the TSX Venture Exchange final approval.

These securities will be subject to a four-month and 1 day holding period.

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

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.