News Column

TYPHOON SHAREHOLDERS APPROVED RESOLUTIONS AT THE 2014 ANNUAL MEETING

June 30, 2014



ENP Newswire - 30 June 2014

Release date- 27062014 - Laval, Canada - Typhoon Exploration Inc. (TYP: TSX-V) announces the results of its Shareholders' Annual General and Special Meeting held today, Wednesday June 25th, 2014, in Laval, Quebec.

The shareholders approved in great majority the resolutions put forth by the Directors during the Meeting, as follows:

1. DIRECTORS

Election of directors proposed by the management

Mr. David Mc Donald President and CEO

Mr. Paul Antaki Secretary and CFO

Mr. Leo Patry Independent Director

Mr. Michel Basque Independent Director

2. AUDITORS

Dallaire & Lapointe was re-elected as auditor of the Company

3. Approbation of By-Law 2013-1, with regard to the requirement to provide advance notice for the nomination of Directors.

4. Reconfirmation of the shareholder rights plan

5. Amendment to the stock option plan

6. Approbation of an amendment to the exercise price of stock options

The Board of Directors and Management would like to thank all shareholders for exercising their voting rights in such a large number. By doing so, you are giving Typhoon Exploration's management the clear mandate to pursue its primary mission which is the development of the Fayolle Deposit, with the goal of creating a collective wealth for all and especially for its loyal shareholders.

The Board of Directors has approved a grant of 1,525,000 stock options to its officers, directors, employees and consultants, under the company's Stock Option Plan.

Each stock option is exercisable at a price of $0.12 per share, for a period of 10 years.

The company announces that for health reasons, Ms. Johanne Brisson took the decision not to renew her mandate as a member of the Board. The Board would like to warmly thank Ms. Brisson for her commitment and wishes her the best of recovery.

ABOUT TYPHOON EXPLORATION INC.

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

Contact:

David Mc Donald

Tel: 450.622.4066

Email: dmcdonald@explorationtyphon.com

www.typhoonexploration.com

Patrick Wood

Investor Relations

Tel: (416) 473-9133

Email: pat.wood@tormontgroup.com

www.tormontgroup.com


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Source: ENP Newswire


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