Laval, Canada, August 3, 2007 � TYPHOON EXPLORATION INC.. (TSX Venture: TOO) announces the results of the Company�s Annual Meeting held on Monday, July 30 2007, in Montreal, Quebec. The Shareholders approved all resolutions proposed during the meeting.
1. Directors
Election of Administrators proposed by the management (98.32 in favour)
- Mr David Mc Donald President and CEO
- Mr Claude Charron Secretary and CFO
- Mr Fran�ois Lariv�e Independent Director
- Mr Jean Lafleur Independent Director
- Mr Paul Antaki Independent Director, Pres. of various committees
2. Auditor
Dallaire & Lapointe was re-elected as auditor of the Company (98.6 in favour).
Options
Typhoon announces the granting of 1,100,000 options of which 300,000 options are granted to consultants, 100,000 to an employee and 700,000 to the directors of the Company. Each option entitles the holder to subscribe for one share of the Company at a price $ 0.19 per share.
Exploration Program
Typhoon is progressing on its drilling program at Fayolle. Several other exploration programs are undergoing at the Monexco project in Chibougamau and at Opinaca in James Bay.
The common shares of Typhoon Exploration are listed on the TSX Venture Exchange under the symbol � TOO �.
Contact & Information
Tel.: (450) 622-4066 � Fax: (450) 622-4337
Toll free 1-877- 622- 4004
info@explorationtyphon.com
www.explorationtyphon.com
TSX-V : TOO
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
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