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UPDATE: Typhoon Exploration Edges Nearer To Yr Lows as Confirms Several Gold Zones

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Typhoon Exploration Inc. (TYP.V), which has been trading near a year low of 61 cents, announced that it has received and interpreted a second set of results from 22 drill holes, part of the 2011 exploration campaign. It said this campaign is carried out on the Fayolle Project, held 100% by Typhoon and on the Aiguebelle-Goldfields property, on which Typhoon Exploration Inc. has an option agreement with Agnico-Eagle Mines Limited (AEM.TO) in order to acquire 51% of the property. These results exclude all results from drillings completed on and near the Fayolle Deposit, those will soon be announced. It said the new results confirm the potential of the new gold zone "Vang", located south-west of the Fayolle Deposit and to identify new gold showing, such as one located at more than 2.5 kilometers east of the Fayolle Deposit.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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