TEZ Triton Energy Corp.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Triton Energy Corp. ("Triton" or the "Corporation")(TSX VENTURE:TEZ) announced
today that it has requested and received a modification to the terms of its
Normal Course Issuer Bid ("NCIB") from the TSX Venture Exchange. Pursuant to the
TSX Venture Exchange rules, the Corporation was previously limited to purchasing
for cancellation up to 2% of Triton's total issued and outstanding common shares
in any 30 day period. Triton applied and received approval to increase the
limitation to purchasing for cancellation up to 4% of the Corporation's total
issued and outstanding common shares in any 30 day period. Triton is able to
purchase up to a maximum of 3,192,000 common shares of the Corporation during
the course of the Corporation's NCIB. The NCIB commenced on October 9, 2008 and
will terminate on October 8, 2009 or such earlier time as the NCIB is completed
or terminated at the option of Triton.


As at the date hereof, Triton has purchased for cancellation 708,500 common
shares under the NCIB since it was first approved on October 7, 2008, of which
334,500 common shares were cancelled on October 30, 2008 and 374,000 common
shares were cancelled on November 3, 2008. The price which the Corporation will
pay for any shares under the NCIB will be the market price at the time of
purchase. Purchases will be made on the open market through the TSX Venture
Exchange. The brokerage firm conducting the normal course issuer bid on behalf
of Triton is Acumen Capital Finance Partners Limited.


Management of Triton believes that, from time to time, the market price of the
Common Shares may not fully reflect the underlying value of the Common Shares
and that at such times the purchase of Common Shares would be in the best
interests of all shareholders of the Corporation. Such purchases will increase
the proportionate interest of, and may be advantageous to, all remaining
shareholders. In addition, the purchases by Triton may increase liquidity to
shareholders wishing to sell their Common Shares.


This news release shall not constitute an offer to sell or a solicitation of an
offer to buy the securities in any jurisdiction. The common shares of Triton
will not be and have not been registered under the United States Securities Act
of 1933, as amended, and may not be offered or sold in the United States, or to
a U.S. person, absent registration or applicable exemption therefrom.


Triton is a Calgary, Alberta based corporation engaged in the exploration,
development and production of petroleum and natural gas. The Corporation's
common shares are listed on the TSX Venture Exchange under the trading symbol
"TEZ".


This news release may include forward-looking statements including opinions,
assumptions, estimates and management's views and expectations. When used in
this document, the words "anticipate," "believe," "estimate," "expect,"
"intent," "may," "project," "plan", "should", "scheduled" and similar
expressions are intended to be among the statements that identify
forward-looking statements. Forward-looking statements are subject to a wide
range of risks and uncertainties, and although the Corporation believes that the
expectations represented by such forward-looking statements are reasonable,
there can be no assurance that such expectations will be realized. Any number of
important factors could cause actual results to differ materially from those in
the forward-looking statements including, but not limited to the state of
domestic capital markets, delays resulting from inability to obtain required
regulatory approvals, changes in general economic conditions and other factors
more fully described from time to time in the reports and filings made by Triton
with securities regulatory authorities. Readers are cautioned not to place undue
reliance on forward-looking statements, as no assurances can be given as to
future results, levels of activity or achievements. Except as required by
applicable securities laws, the Corporation does not undertake any obligation to
publicly update or revise any forward-looking statements.

Triton Energy Corp. (TSXV:TEZ)
Gráfico Histórico do Ativo
De Jul 2024 até Jul 2024

Triton Energy Corp. (TSXV:TEZ)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024