TYP Typhoon Exploration Inc

TYPHOON EXPLORATION INC. ("Typhoon" or the "Corporation") (TSX VENTURE:TYP)
announces the execution of the following agreements:




a.  Agreement dated April 16, 2014 with 6961436 Canada Inc. ("Canada") for
    the acquisition of a building located in Rouyn-Noranda (Quebec) (the
    "Property") for a sum of $229,000 in cash; and

b.  Agreement dated April 16, 2014 with Ressources Lutsvisky Inc.
    ("Lutsvisky") for the acquisition of machinery, tools, furniture,
    equipment and rolling material (collectively, the "Equipment") for a sum
    of $316,200 in cash.



The transaction is subject to approval by the TSX Venture Exchange.

For several years, the Corporation has used the Property and the Equipment
routinely as part of its exploration operations.


In connection with this transaction, the Corporation obtained in April 2014
evaluation reports established by independent chartered appraisers, which
confirm the market value of the Property at $229,000 and the market value in
continuous use of the Equipment at $316,200.


The transaction has been approved by the independent directors of the
Corporation and its closing is subject to the required approvals of the TSX
Venture Exchange.


David Mc Donald, President and Director of the Corporation, is also President
and Director of Canada and Lutsvisky. He is also the sole shareholder of
Lutsvisky and the David Mc Donald Trust is the sole shareholder of Canada. The
transaction is an operation with a related person as defined in Regulation
61-101 respecting Protection of Minority Security Holders in Special
Transactions ("MI 61-101") and a non-arm's length acquisition under the policies
of the TSX Venture Exchange. Insofar as at the date of the agreements, the
consideration of the transaction did not exceed 25% of the market capitalization
of the Corporation and did not exceed $2,500,000, the Corporation is exempted
from the requirement to establish a formal evaluation and to obtain approval of
its minority shareholders under MI 61-101.


David Mc Donald unveiled his interest and abstained from participating in the
discussions of the Board of Directors relating to the acquisition and voting
thereon. The transaction will have no effect on the percentage of common shares
of the Corporation held by David Mc Donald, Canada and Lutsvisky.


No finder's fee will be payable in connection with this transaction and the
Corporation has the necessary financial resources to complete the operation.


ABOUT TYPHOON EXPLORATION INC.

- Typhoon Exploration Inc. only has 29,706,791 shares outstanding.

HIGHLIGHTS

- A Positive Preliminary Economic Assessment Study (PEA) was completed on the
Fayolle Deposit in 2013. 

 (see press release dated April 9th, 2013) 

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.  


FOR FURTHER INFORMATION PLEASE CONTACT: 
David Mc Donald
Tel : 450.622.4066
450.622.4337 (FAX)
dmcdonald@explorationtyphon.com
www.typhoonexploration.com


Investor Relations
Patrick Wood
Tel: (416) 473-9133
(647) 351-9133 (FAX)
pat.wood@tormontgroup.com
www.tormontgroup.com

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