Typhoon Closes Private Placement of CDN $103,000

• Press Release
• Source: Typhoon Exploration Inc.
• On 1:57 pm EST, Monday January 5, 2009

LAVAL, QUEBEC--(MARKET WIRE)--Jan 5, 2009 -- TYPHOON Exploration INC. (CDNX:TOO.V - News) ("Typhoon") announces the closing on December 31, 2008 of a non-brokered private placement of CDN $ 103,000 with accredited investors, friends, employee, management and directors. Under the terms of this placement, the Company will issue 4,120,000 flow-through common shares, 1,030,000 common shares and 5,150,000 warrants.

Each unit sold at a price of $1,000 consists of 40,000 flow-through common shares at a price of $ 0.02 per share, 10,000 common shares at a price of $ 0.02 per share and 50,000 warrants which entitles the holder to subscribe to one common share at a price of $ 0.05 per share no later than june 30 2009. The securities under this private placement will be subject to a four-month hold period expiring on May 1st 2009.

Typhoon will use 80% of proceeds for exploration work on its properties located in Quebec and the remaining 20% for working capital.

Several drilling analysis are presently in progress and will be announce as soon as available.

Typhoon Exploration is a mineral exploration Company listed on the TSX Venture Exchange under the symbol "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 does not accept responsibility for the adequacy or accuracy of this release.

     Contacts:
     TYPHOON Exploration INC.
     David Mc Donald, President and CEO
     450-622-4066 or Toll-free 1-877-622-4004
     450-622-4337 (FAX)
     info@explorationtyphon.com
     http://www.explorationtyphon.com