TYPHOON EXPLORATION INC. ("Typhoon") (TSX VENTURE:TYP) announces that it has
completed an MMI(TM) survey in the southern part of the Fayolle Project,
100%-owned by Typhoon.


Highlights and results:

During the month of December 2013, an MMI(TM) soil survey and a ground magnetic
survey were carried out in the southern part of the Fayolle property. This area
is covered by volcanic rocks from the Malartic Group surrounded by the
sedimentary formations of Lac Caste and Mont-Brun. A series of samples,
anomalous in As, Bi, Cr, Cu, Sb and Te, in the 2008 humus survey, has motivated
the continuation of exploration work in this area.


Standardized anomalous gold values were obtained and are concentrated in three
areas along the Malartic Group which is well known to host altered dykes
associated with gold bearing structures. The area targeted by the survey is
entirely covered by clayey overburden making difficult the use of usual
geophysical methods. The survey is composed of 100 metres widely spaced lines
with samples taken at a predetermined depth. Results are standardized in
function of the type of soil and pH principally. 


These three anomalous areas correspond to the junction between E-W magnetic
discontinuities and low magnetism NW-SE zones. As observed in the northern
portion of the property, areas of low magnetism could correspond to intermediate
dykes. The E-W discontinuities could be shear zones and where they intersect
more competent intermediate dykes, areas of high structural porosity may have
been created, then concentrating gold mineralization.


To support these results, Typhoon will pursue work in this sector.

Stock Options

Typhoon will seek the approval of the TSX Venture Exchange with respect to a
change in the exercise price of a total of 735,000 stock options at $0.125 per
share, being the closing price on May 20, 2014. These stock options, held by
directors, employees and consultants, had exercise prices ranging from $0.17 to
$0.78 per share. The change in the exercise price of the stock options held by
directors will be subject to the approval of a majority of the votes cast by
disinterested shareholders at the next shareholders' meeting.


Shareholders' Meeting

An Annual and Special Meeting of Typhoon Exploration Inc. will be held June
25th, 2014 at 11h00 a.m., in the Montmorency room of the Laurentian Bank,
located at 1699, Le Corbusier Blvd., Laval, QC., in order to amend the stock
option plan, to approve an amendment to the exercise price of stock options, to
reconfirm shareholder rights plan as well as to approve By-Law 2013-1 with
regard to the requirement to provide advance notice for the nomination of
directors.


Option on Fayolle Property

Typhoon's Board of Directors wishes to inform shareholders that Hecla Quebec
Inc. will by June 10, 2014 meet all its obligations in order to obtain 50% of
the Fayolle Project.


By acquiring 50% of the Fayolle project, Hecla Quebec Inc. will become its
operator and will have until August 10, 2014 to inform Typhoon of its intention
to exercise the second option specified in the contract (see press release dated
May 18, 2010), providing the possibility to acquire an additional 15% interest
by delivering a feasibility study or by incurring a total of $15,000,000 in
exploration work by June 10, 2016.


ABOUT TYPHOON EXPLORATION INC.

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

Mr. Daniel Gaudreault, ing., (OIQ), Geologica Groupe-Conseil Inc., is the
Qualified Person as defined by National Instrument 43-101, to supervise the
preparation of the technical aspect of this press release.


Neither the 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.


Maps are available at the following address:
http://media3.marketwire.com/docs/947333_Maps.pdf 


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


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