LAVAL, QC, June 22 /CNW Telbec/ - Typhoon Exploration Inc. (TSX Venture: TOO) is pleased to announce that it closed a private placement of CDN $ 310,000. The Company issued 1,377,640 flow through common shares, 413,230 common shares and 1,790,870 warrants. The agent received a cash payment of 6% of the total proceeds and 179,087 non-transferable warrants valid until May 20, 2006. Each unit, sold at a price of $ 1,000 is composed of 4,444 flow through common shares at a price of $ 0.18 per share, 1,333 common shares at a price of $ 0.15 per share and 5,777 warrants including 4,444 warrants that entitles the holder to subscribe to a common share at a price of $ 0.24 on May 20, 2006 at the latest and 1,333 warrants entitles the holder to subscribe to a common share at a price of $ 0.20 on November 20, 2006 at the latest. Typhoon will use 80% of the net proceeds for exploration work on its properties located in QuDebec and the remaining 20% will be used as working capital and general company use. The Summer 2005 drilling campaign on the Fayolle deposit started recently. Typhoon intends to drill close to 28,000 feet in 2005 in order to get a better definition of the mineralized lenses and test new targets derived from the GOCAD model showing a similar geological signature to the Fayolle deposit. Furthermore, Typhoon recently put its web site on line. Internauts will find at the address www.explorationtyphon.com all relevant information and the latest news pertaining to Typhoon's exploration activities. The web site allows those interested to subscribe to the mailing list and receive freely and automatically the press releases. Typhoon Exploration is a mining exploration company listed on TSX Venture Exchange under the symbol "TOO". The TSX Venture Exchange has in no way approved or disapproved the contents of this press release.