CALGARY, ALBERTA–(Marketwire – Mar 3, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS

Hyperion Exploration Corp. (“Hyperion” or the “Company”) (TSX VENTURE:HYX) is gratified to make well well known which it has entered in to a contracting agreement on dual peculiarity light oil focused item acquisitions and a point paid for understanding financing.

ACQUISITION HIGHLIGHTS

• Hyperion has entered in to a definitive agreement with an arm’s length open association to take high working interest, operated resources now producing 350 boe/day in the Garrington area of west executive Alberta (the “Garrington Assets”) for total care of $22.0 million (the “Garrington Acquisition”). Currently prolongation is from one Cardium plane light oil good plus light oil and liquids abounding gas prolongation from the Ellerslie and Elkton formations.

• Hyperion has additionally entered in to a minute agreement with an arm’s length open association to take 4.0 sum (2.6 net) sections of land rarely impending for Cardium plane light oil training in the Buck Lake area of west executive Alberta (the “Buck Lake Assets”) for sum care of $4.25 million (the “Buck Lake Acquisition” and, collectively with the Garrington Acquisition, the “Acquisitions”). The execution of the Buck Lake Acquisition is theme to the execution of a decisive agreement on or prior to Mar 4, 2011.

• Hyperion is additionally gratified to make well well known a point paid for understanding financing with a associate of underwriters for an offering, on a in siege chain basis, of 22,000,000 subscription profits (“Subscription Receipts”) at a cost of $1.50 per Subscription Receipt and 1,111,150 usual shares (“Common Shares”) to be expelled on a “flow-through” basement (“Flow-Through Shares”) at a cost of $1.80 per Flow-Through Share to lift sum sum deduction of we estimate $35.0 million (the “Offering”).

The Acquisitions supplement 18.5 net tall peculiarity Cardium plane light oil locations to the Company’s register and 9.5 net tall peculiarity multi-zone opportunities for Glauconitic plane light oil development, Ellerslie light oil expansion and Elkton plane liquids abounding gas development.

When sum with the existent inventory, the Company will have 74.5 net tall stroke light oil locations and 10 liquids abounding healthy gas locations. This poignant and multi-year training register provides estimable expansion intensity for both haven and prolongation growth.

The Garrington Acquisition is approaching to tighten on or about Mar 21, 2011, and will be redeeming on prevalent regulatory approvals, including, but limitation, the TSX Venture Exchange, and alternative conditions standard for this sort of transaction. The Buck Lake Acquisition is approaching to tighten on or about Mar 4, 2011.

STRATEGIC RATIONALE AND ACQUISITION HIGHLIGHTS

The Acquisitions serve accelerate the Company’s expansion and have been deputy of the Company’s plan to take and feat light oil opportunities. The Acquisitions element the Company’s tide positions for Cardium Horizontal light oil expansion in the areas of North Pembina, Niton, and Boundary Lake oil expansion at Paradise, British Columbia. These areas share characteristics of tall quality, prolonged reason up prolongation with low risk, scalable and repeatable training opportunities. The acquired properties have been 100% operated with tall operative interests, have 3-D seismic coverage, homogeneous good carry out and straight and plane good prolongation story and carry out of internal producing infrastructure with 4,200 net acres of underdeveloped land.

Garrington Acquisition

The Garrington Assets, operated with we estimate 90% operative interest, have been now producing 125 bbl/day (net) of light oil, 70 bbl/day (net) of healthy gas liquids and 930 mcf/day (net) of healthy gas (350 boe/day net). 

The sum squeeze cost for the Garrington Assets is $22.0 million money with an in effect date of Jan 1, 2011. The proven and active lands to be acquired suggest multi-zone light oil opportunities from the Cardium, Glauconitic, and Ellerslie formations and liquids abounding gas from the Elkton formation. Included in these prolongation totals is a Cardium plane light oil good (100% operative interest) which was brought on tide in late 2010.

The primary thirty day prolongation rate for this good was 183 bbl/day of light oil and 68 mcf/day of healthy gas (194 boe/day). On the 4 net sections of land being acquired, regulating straight good carry out and 3-D seismic, Hyperion’s group has identified eleven sum (8.5 net) Cardium plane oil locations, 4 sum (3.5 net) Glauconitic plane oil locations, 2 sum (2 net) Ellerslie oil locations and 5 sum (5 net) Elkton plane liquids abounding gas locations.

Buck Lake Acquisition

The Buck Lake Assets, 4 sum (2.6 net) sections of land and internal tube infrastructure, have been being purchased for $4.25 million money with an in effect date of Feb 1, 2011. 

The Buck Lake Acquisition adds to the Company’s tide land on all sides in the area. Based on brand new attention success with Cardium plane light oil expansion in the area and the Company’s technical research of the lands, Hyperion’s group has identified sixteen sum (10 net) Cardium plane light oil locations exhibiting identical mercantile qualities as the Company’s 33 net existent North Pembina Cardium locations.

The Acquisitions have been accretive to Hyperion on sure key metrics, together with money upsurge per share (fully diluted) and prolongation per share (fully diluted).

None of the intensity pot compared with the upside locations described on top of have been enclosed in the list below.

Highlights of the Acquisitions have been as follows:

THE OFFERING

Hyperion has entered in to an agreement, on a paid for understanding in siege chain basis, with GMP Securities L.P. and Canaccord Genuity Corp., as co-lead underwriters, for an offering, on a in siege chain basis, of 22,000,000 Subscription Receipts at a cost of $1.50 per Subscription Receipt and 1,111,150 Flow-Through Shares at a cost of $1.80 per Flow-Through Share to lift sum sum deduction of we estimate $35,000,070.

Closing of the Offering is approaching to start on or about Mar 18, 2011, and is theme to prevalent conditions and regulatory approvals, together with the capitulation of the TSX Venture Exchange. The net deduction from the sale of the Subscription Receipts will be used to account the squeeze cost on credit by Hyperion for the Acquisitions. Gross deduction from the sale of the Flow-Through Shares will be used to account ongoing activities which will validate as Canadian Exploration Expense, which will be renounced to the subscribers for the 2011 taxation year.

The sum deduction from the sale of the Subscription Receipts will be reason in escrow tentative the execution of the Acquisitions. If the Acquisitions have been finished on or prior to Mar 28, 2011, the deduction will be expelled to Hyperion. If the Acquisitions have been not finished on or prior to Mar 28, 2011, or the decisive agreement in apply oneself of possibly of the Acquisitions is consummated at an progressing time, holders of Subscription Receipts will embrace a money remuneration next to to the charity cost of the Subscription Receipts and any seductiveness which was warranted thereon during the tenure of the escrow.

Each Subscription Receipt will grant the hilt thereof to embrace one Common Share on the deemed practice of the Subscription Receipt. The Subscription Receipts will be deemed to be exercised on the progressing of: (a) 4 months and a day following the shutting of the in siege placement, and (b) which day on which a taking is expelled by the bonds regulatory authorities in any of the provinces of Canada, solely Quebec, for a last short form handbill subordinate the Common Shares to be expelled on the practice of the Subscription Receipts. Hyperion shall make make use of of the in accord with blurb efforts to acquire such taking for the practice of the Subscription Receipts inside of thirty days of shutting of the Acquisitions (the “Qualification Deadline”). If a taking is not performed on or prior to the Qualification Deadline, Hyperion shall emanate to any hilt of Subscription Receipts, for no one more care and but any serve movement on the partial of the holder, an one more 0.1 of a Common Share for any Common Share to be expelled to such hilt on the deemed practice of the Subscription Receipts. Until the taking is expelled for such prospectus, the Subscription Receipts as good as the Common Shares issuable on practice thereof will be theme to a 4 month reason duration underneath germane Canadian bonds laws. The Flow-Through Shares will be theme to a 4 month reason duration underneath germane Canadian bonds laws.

Hyperion is a publically traded, tall expansion youth oil and gas association ensuing from the recapitalization of Triple 8 Energy Ltd. in Jul 2010. Hyperion’s commercial operation plan is to grow by acquisitions which lead to reduce risk, scalable and repeatable expansion training projects. Currently Hyperion has 81 net training locations identified (71 oil, 10 healthy gas), together with 40 Cardium plane light oil prospects. The usual shares of the Company traffic on the TSX Venture Exchange underneath the trade pitch “HYX”.

Forward Looking and Cautionary Statements

This press recover contains sure forward-looking statements (forecasts) underneath germane bonds laws relating to destiny events or destiny performance. Forward-looking statements have been indispensably formed on assumptions and judgements with apply oneself to the destiny including, but not singular to, the opinion for commodity markets and collateral markets, the opening of producing wells and reservoirs, good expansion and handling performance, ubiquitous mercantile and commercial operation conditions, weather, the regulatory and authorised sourroundings and alternative risks compared with oil and gas operations. In a little cases, forward-looking statements can be identified by vernacular such as “may”, “will”, “should”, “expect”, “projects”, “plans”, “anticipates” and identical expressions. These statements paint management’s expectations or ideology concerning, between alternative things, destiny handling formula and assorted components thereof inspiring the mercantile opening of Hyperion. Undue faith should not be placed on these forward-looking statements which have been formed on management’s assumptions and have been theme to well well known and different risks and uncertainties, together with the commercial operation risks discussed above, which might means tangible opening and monetary formula in destiny durations to talk about materially from any projections of destiny opening or formula voiced or pragmatic by such forward-looking statements. Accordingly, readers have been cautioned which events or resources could means formula to talk about materially from those predicted.

In the seductiveness of on condition which Hyperion shareholders and intensity investors with report per the Company, together with management’s comment of Hyperion’s destiny skeleton and operation, sure statements via this press recover consecrate brazen seeking statements. All forward-looking statements have been formed on the Company’s ideology and assumptions formed on report accessible at the time the arrogance was made. The make make use of of of any of the difference “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and identical expressions have been dictated to brand brazen seeking statements. By the nature, such forward-looking report involves well well known and different risks, uncertainties and alternative factors which might means tangible formula or events to talk about materially from those expected in such brazen seeking statements. Hyperion believes the expectations reflected in those brazen seeking statements have been in accord with but no declaration can be since which these expectations will infer to be scold and such brazen seeking statements contained via this press recover should not be unduly relied upon. These statements verbalise usually as of the date specified in the statements. 

In particular, this press recover might enclose brazen seeking statements regarding to the following:

• the Offering;
• the Garrington Acquisition and the Garrington Assets;
• the Buck Lake Acquisition and the Buck Lake Assets;
• the performance characteristics of the Company’s oil and healthy gas properties;
• oil and natural gas prolongation levels;
• capital expenditure programs;
• the quantity of the Company’s oil and healthy gas pot and anticipated future money flows from such reserves;
• projections of commodity prices and costs;
• supply and direct for oil and healthy gas;
• expectations regarding the capability to lift collateral and to ceaselessly supplement to reserves through acquisitions and development; and
• treatment under bureaucratic regulatory regimes.

The element assumptions in creation these forward-looking statements embody sure assumptions disclosed in the Company’s most brand new management’s contention and research enclosed in the element accessible on this press release.

The Company’s tangible formula could talk about materially from those expected in the brazen seeking statements contained via this press recover as a outcome of the element risk factors set onward below, and elsewhere in this press release:

• volatility in marketplace prices for oil and natural gas;
• liabilities fundamental in oil and healthy gas operations;
• uncertainties compared with calculating approximately oil and natural gas reserves;
• competition for, between alternative things, capital, acquisitions of reserves, underdeveloped lands and learned personnel;
• incorrect assessments of the worth of acquisitions and scrutiny and expansion programs;
• geological, technical, training and processing problems;
• fluctuations in unfamiliar sell or interest rates and batch marketplace volatility;
• failure to comprehend the expected benefits of acquisitions;
• general commercial operation and marketplace conditions; and
• changes in income taxation laws or changes in tax laws and inducement programs relating to the oil and gas industry.

These factors should not be construed as exhaustive. Unless compulsory by law, Hyperion does not commence any requisite to publicly refurbish or correct any brazen seeking statements, either as a outcome of brand new information, destiny events or otherwise.

Barrels of oil homogeneous (boe) might be misleading, quite if used in isolation. A boe acclimatisation comparative measure of 6 thousand cubic feet (mcf) of healthy gas to one tub (bbl) of oil is formed on an appetite acclimatisation process essentially germane at the burner tip and is not dictated to paint a worth equivalency at the wellhead. All boe conversions in this press recover have been subsequent by converting healthy gas to oil in the comparative measure of 6 thousand cubic feet of healthy gas to one tub of oil. Certain monetary amounts have been presented on a per boe basis, such measurements might not be unchanging with those used by alternative companies.

This press recover shall not consecrate an suggest to sell or the questionnaire of an suggest to buy the bonds in any jurisdiction. The Subscription Receipts and the Common Shares issuable on practice of the Subscription Receipts have not and will not be purebred underneath the United States Securities Act of 1933, as nice (the “U.S. Securities Act”) or any state bonds laws and most not be offering or sole in the United States solely in sure exchange free from the registration mandate of the U.S. Securities Act and germane states bonds laws.

CALGARY, ALBERTA–(Marketwire – Mar 3, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS

Hyperion Exploration Corp. (“Hyperion” or the “Company”) (TSX VENTURE:HYX) is gratified to make well well known which it has entered in to a contracting agreement on dual peculiarity light oil focused item acquisitions and a point paid for understanding financing.

ACQUISITION HIGHLIGHTS

• Hyperion has entered in to a definitive agreement with an arm’s length open association to take high working interest, operated resources now producing 350 boe/day in the Garrington area of west executive Alberta (the “Garrington Assets”) for total care of $22.0 million (the “Garrington Acquisition”). Currently prolongation is from one Cardium plane light oil good plus light oil and liquids abounding gas prolongation from the Ellerslie and Elkton formations.

• Hyperion has additionally entered in to a minute agreement with an arm’s length open association to take 4.0 sum (2.6 net) sections of land rarely impending for Cardium plane light oil training in the Buck Lake area of west executive Alberta (the “Buck Lake Assets”) for sum care of $4.25 million (the “Buck Lake Acquisition” and, collectively with the Garrington Acquisition, the “Acquisitions”). The execution of the Buck Lake Acquisition is theme to the execution of a decisive agreement on or prior to Mar 4, 2011.

• Hyperion is additionally gratified to make well well known a point paid for understanding financing with a associate of underwriters for an offering, on a in siege chain basis, of 22,000,000 subscription profits (“Subscription Receipts”) at a cost of $1.50 per Subscription Receipt and 1,111,150 usual shares (“Common Shares”) to be expelled on a “flow-through” basement (“Flow-Through Shares”) at a cost of $1.80 per Flow-Through Share to lift sum sum deduction of we estimate $35.0 million (the “Offering”).

The Acquisitions supplement 18.5 net tall peculiarity Cardium plane light oil locations to the Company’s register and 9.5 net tall peculiarity multi-zone opportunities for Glauconitic plane light oil development, Ellerslie light oil expansion and Elkton plane liquids abounding gas development.

When sum with the existent inventory, the Company will have 74.5 net tall stroke light oil locations and 10 liquids abounding healthy gas locations. This poignant and multi-year training register provides estimable expansion intensity for both haven and prolongation growth.

The Garrington Acquisition is approaching to tighten on or about Mar 21, 2011, and will be redeeming on prevalent regulatory approvals, including, but limitation, the TSX Venture Exchange, and alternative conditions standard for this sort of transaction. The Buck Lake Acquisition is approaching to tighten on or about Mar 4, 2011.

STRATEGIC RATIONALE AND ACQUISITION HIGHLIGHTS

The Acquisitions serve accelerate the Company’s expansion and have been deputy of the Company’s plan to take and feat light oil opportunities. The Acquisitions element the Company’s tide positions for Cardium Horizontal light oil expansion in the areas of North Pembina, Niton, and Boundary Lake oil expansion at Paradise, British Columbia. These areas share characteristics of tall quality, prolonged reason up prolongation with low risk, scalable and repeatable training opportunities. The acquired properties have been 100% operated with tall operative interests, have 3-D seismic coverage, homogeneous good carry out and straight and plane good prolongation story and carry out of internal producing infrastructure with 4,200 net acres of underdeveloped land.

Garrington Acquisition

The Garrington Assets, operated with we estimate 90% operative interest, have been now producing 125 bbl/day (net) of light oil, 70 bbl/day (net) of healthy gas liquids and 930 mcf/day (net) of healthy gas (350 boe/day net). 

The sum squeeze cost for the Garrington Assets is $22.0 million money with an in effect date of Jan 1, 2011. The proven and active lands to be acquired suggest multi-zone light oil opportunities from the Cardium, Glauconitic, and Ellerslie formations and liquids abounding gas from the Elkton formation. Included in these prolongation totals is a Cardium plane light oil good (100% operative interest) which was brought on tide in late 2010.

The primary thirty day prolongation rate for this good was 183 bbl/day of light oil and 68 mcf/day of healthy gas (194 boe/day). On the 4 net sections of land being acquired, regulating straight good carry out and 3-D seismic, Hyperion’s group has identified eleven sum (8.5 net) Cardium plane oil locations, 4 sum (3.5 net) Glauconitic plane oil locations, 2 sum (2 net) Ellerslie oil locations and 5 sum (5 net) Elkton plane liquids abounding gas locations.

Buck Lake Acquisition

The Buck Lake Assets, 4 sum (2.6 net) sections of land and internal tube infrastructure, have been being purchased for $4.25 million money with an in effect date of Feb 1, 2011. 

The Buck Lake Acquisition adds to the Company’s tide land on all sides in the area. Based on brand new attention success with Cardium plane light oil expansion in the area and the Company’s technical research of the lands, Hyperion’s group has identified sixteen sum (10 net) Cardium plane light oil locations exhibiting identical mercantile qualities as the Company’s 33 net existent North Pembina Cardium locations.

The Acquisitions have been accretive to Hyperion on sure key metrics, together with money upsurge per share (fully diluted) and prolongation per share (fully diluted).

None of the intensity pot compared with the upside locations described on top of have been enclosed in the list below.

Highlights of the Acquisitions have been as follows:

THE OFFERING

Hyperion has entered in to an agreement, on a paid for understanding in siege chain basis, with GMP Securities L.P. and Canaccord Genuity Corp., as co-lead underwriters, for an offering, on a in siege chain basis, of 22,000,000 Subscription Receipts at a cost of $1.50 per Subscription Receipt and 1,111,150 Flow-Through Shares at a cost of $1.80 per Flow-Through Share to lift sum sum deduction of we estimate $35,000,070.

Closing of the Offering is approaching to start on or about Mar 18, 2011, and is theme to prevalent conditions and regulatory approvals, together with the capitulation of the TSX Venture Exchange. The net deduction from the sale of the Subscription Receipts will be used to account the squeeze cost on credit by Hyperion for the Acquisitions. Gross deduction from the sale of the Flow-Through Shares will be used to account ongoing activities which will validate as Canadian Exploration Expense, which will be renounced to the subscribers for the 2011 taxation year.

The sum deduction from the sale of the Subscription Receipts will be reason in escrow tentative the execution of the Acquisitions. If the Acquisitions have been finished on or prior to Mar 28, 2011, the deduction will be expelled to Hyperion. If the Acquisitions have been not finished on or prior to Mar 28, 2011, or the decisive agreement in apply oneself of possibly of the Acquisitions is consummated at an progressing time, holders of Subscription Receipts will embrace a money remuneration next to to the charity cost of the Subscription Receipts and any seductiveness which was warranted thereon during the tenure of the escrow.

Each Subscription Receipt will grant the hilt thereof to embrace one Common Share on the deemed practice of the Subscription Receipt. The Subscription Receipts will be deemed to be exercised on the progressing of: (a) 4 months and a day following the shutting of the in siege placement, and (b) which day on which a taking is expelled by the bonds regulatory authorities in any of the provinces of Canada, solely Quebec, for a last short form handbill subordinate the Common Shares to be expelled on the practice of the Subscription Receipts. Hyperion shall make make use of of the in accord with blurb efforts to acquire such taking for the practice of the Subscription Receipts inside of thirty days of shutting of the Acquisitions (the “Qualification Deadline”). If a taking is not performed on or prior to the Qualification Deadline, Hyperion shall emanate to any hilt of Subscription Receipts, for no one more care and but any serve movement on the partial of the holder, an one more 0.1 of a Common Share for any Common Share to be expelled to such hilt on the deemed practice of the Subscription Receipts. Until the taking is expelled for such prospectus, the Subscription Receipts as good as the Common Shares issuable on practice thereof will be theme to a 4 month reason duration underneath germane Canadian bonds laws. The Flow-Through Shares will be theme to a 4 month reason duration underneath germane Canadian bonds laws.

Hyperion is a publically traded, tall expansion youth oil and gas association ensuing from the recapitalization of Triple 8 Energy Ltd. in Jul 2010. Hyperion’s commercial operation plan is to grow by acquisitions which lead to reduce risk, scalable and repeatable expansion training projects. Currently Hyperion has 81 net training locations identified (71 oil, 10 healthy gas), together with 40 Cardium plane light oil prospects. The usual shares of the Company traffic on the TSX Venture Exchange underneath the trade pitch “HYX”.

Forward Looking and Cautionary Statements

This press recover contains sure forward-looking statements (forecasts) underneath germane bonds laws relating to destiny events or destiny performance. Forward-looking statements have been indispensably formed on assumptions and judgements with apply oneself to the destiny including, but not singular to, the opinion for commodity markets and collateral markets, the opening of producing wells and reservoirs, good expansion and handling performance, ubiquitous mercantile and commercial operation conditions, weather, the regulatory and authorised sourroundings and alternative risks compared with oil and gas operations. In a little cases, forward-looking statements can be identified by vernacular such as “may”, “will”, “should”, “expect”, “projects”, “plans”, “anticipates” and identical expressions. These statements paint management’s expectations or ideology concerning, between alternative things, destiny handling formula and assorted components thereof inspiring the mercantile opening of Hyperion. Undue faith should not be placed on these forward-looking statements which have been formed on management’s assumptions and have been theme to well well known and different risks and uncertainties, together with the commercial operation risks discussed above, which might means tangible opening and monetary formula in destiny durations to talk about materially from any projections of destiny opening or formula voiced or pragmatic by such forward-looking statements. Accordingly, readers have been cautioned which events or resources could means formula to talk about materially from those predicted.

In the seductiveness of on condition which Hyperion shareholders and intensity investors with report per the Company, together with management’s comment of Hyperion’s destiny skeleton and operation, sure statements via this press recover consecrate brazen seeking statements. All forward-looking statements have been formed on the Company’s ideology and assumptions formed on report accessible at the time the arrogance was made. The make make use of of of any of the difference “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and identical expressions have been dictated to brand brazen seeking statements. By the nature, such forward-looking report involves well well known and different risks, uncertainties and alternative factors which might means tangible formula or events to talk about materially from those expected in such brazen seeking statements. Hyperion believes the expectations reflected in those brazen seeking statements have been in accord with but no declaration can be since which these expectations will infer to be scold and such brazen seeking statements contained via this press recover should not be unduly relied upon. These statements verbalise usually as of the date specified in the statements. 

In particular, this press recover might enclose brazen seeking statements regarding to the following:

• the Offering;
• the Garrington Acquisition and the Garrington Assets;
• the Buck Lake Acquisition and the Buck Lake Assets;
• the performance characteristics of the Company’s oil and healthy gas properties;
• oil and natural gas prolongation levels;
• capital expenditure programs;
• the quantity of the Company’s oil and healthy gas pot and anticipated future money flows from such reserves;
• projections of commodity prices and costs;
• supply and direct for oil and healthy gas;
• expectations regarding the capability to lift collateral and to ceaselessly supplement to reserves through acquisitions and development; and
• treatment under bureaucratic regulatory regimes.

The element assumptions in creation these forward-looking statements embody sure assumptions disclosed in the Company’s most brand new management’s contention and research enclosed in the element accessible on this press release.

The Company’s tangible formula could talk about materially from those expected in the brazen seeking statements contained via this press recover as a outcome of the element risk factors set onward below, and elsewhere in this press release:

• volatility in marketplace prices for oil and natural gas;
• liabilities fundamental in oil and healthy gas operations;
• uncertainties compared with calculating approximately oil and natural gas reserves;
• competition for, between alternative things, capital, acquisitions of reserves, underdeveloped lands and learned personnel;
• incorrect assessments of the worth of acquisitions and scrutiny and expansion programs;
• geological, technical, training and processing problems;
• fluctuations in unfamiliar sell or interest rates and batch marketplace volatility;
• failure to comprehend the expected benefits of acquisitions;
• general commercial operation and marketplace conditions; and
• changes in income taxation laws or changes in tax laws and inducement programs relating to the oil and gas industry.

These factors should not be construed as exhaustive. Unless compulsory by law, Hyperion does not commence any requisite to publicly refurbish or correct any brazen seeking statements, either as a outcome of brand new information, destiny events or otherwise.

Barrels of oil homogeneous (boe) might be misleading, quite if used in isolation. A boe acclimatisation comparative measure of 6 thousand cubic feet (mcf) of healthy gas to one tub (bbl) of oil is formed on an appetite acclimatisation process essentially germane at the burner tip and is not dictated to paint a worth equivalency at the wellhead. All boe conversions in this press recover have been subsequent by converting healthy gas to oil in the comparative measure of 6 thousand cubic feet of healthy gas to one tub of oil. Certain monetary amounts have been presented on a per boe basis, such measurements might not be unchanging with those used by alternative companies.

This press recover shall not consecrate an suggest to sell or the questionnaire of an suggest to buy the bonds in any jurisdiction. The Subscription Receipts and the Common Shares issuable on practice of the Subscription Receipts have not and will not be purebred underneath the United States Securities Act of 1933, as nice (the “U.S. Securities Act”) or any state bonds laws and most not be offering or sole in the United States solely in sure exchange free from the registration mandate of the U.S. Securities Act and germane states bonds laws.

MONTREAL, QUEBEC–(Marketwire – Mar 3, 2011) - Adventure Gold Inc. (TSX VENTURE:AGE) (the “Company”) is gratified to announce positive cavalcade formula from the initial dual holes of the winter 2011 module on the Pascalis Colombiere property. The dual holes successfully intersected poignant gold-bearing structures nearby aspect located 150 metres West of the former producing L.C. Beliveau cave (167,000 ounces produced, Cambior 1993). The many suitable bullion zones yielded values of:

• Hole PC-10-13 : 9.7 g/t Au over 2.1 metres enclosed in a cut of 4.0 g/t Au over 5.3 metres at 38.4 metres deep; 34.6 g/t Au over 2.9 metres, enclosed in a cut of 5.4 g/t Au over twenty metres at 143.1 metres deep.

• Hole PC-10-14 : 7.0 g/t Au over 4.8 metres included in a cut of 2.0 g/t Au over 24.9 metres at 278.4 metres deep.

A aspect map (Figure 1) of the not long ago achieved training can be found on the Company’s website at www.adventure-gold.com. This initial proviso of solid training module totalling 2,790 metres for 9 holes was not long ago completed. Significant cavalcade formula of the initial dual holes have been presented in Table 1 and formula from the alternative 7 cavalcade holes will be expelled when available. Six of them were drilled West of the former cave and the seventh was drilled to exam the geometry of the bullion complement underneath the subterraneous cave developments. Follow-up training is programmed to begin after the Company has perceived all results.

Gold-bearing zones intersected by cavalcade holes PC-10-13 and PC-10-14 have been characterized by underling metric to metric quartz-tourmaline veins or capillary networks. Host rocks have been changed in iron-carbonates, sericite, albite and tourmaline. Veins and host rocks have been mineralized with up to 15% disseminated sulphides and manifest bullion was additionally celebrated in a little sections. This gold-bearing complement presents clever similarities with the one celebrated at the L.C. Béliveau mine. A minute understand and formation of the brand brand brand new and arriving formula is already in progress. At this time, it is tough to relate the gold-bearing zones intersected by cavalcade holes PC-10-13 and PC-10-14 or, with gold-bearing zones intersected by chronological drillings in this area. However, the make use of of a core course complement has authorised us to comply which many of the veins were cut at a clever point of view with the core axis, which equates to which bullion veins should be dipping to the South. The core course complement represents a profitable apparatus to palliate the understand and the association of the cavalcade gold-bearing intercepts with the mineralized system.

The Company believes which there is a clever intensity to enlarge the bullion apparatus identified by Cambior at the L.C. Béliveau Mine before to 1993. Once the winter training module will be completed, a NI43-101 agreeable apparatus guess calculation inform will be rebuilt by SGS Geostat, a consulting organisation formed in Blainville, Quebec.

Pascalis-Colombiere Property

The Company’s wholly-owned Property consists of 33 mining titles totalling 637 hectares. It is located in the eastern apportionment of the Val-d’Or-Malartic bullion district, which has constructed some-more than twenty-five million ounces of bullion to date. The Pascalis-Colombiere skill is additionally diagonally opposite to the Company’s 100%-owned Beaufor North property, located 1.5 kilometers easterly of the producing Beaufor Gold Mine owned by Richmont Mines. The Property has been the site of bullion prolongation from 1989 to 1993 when Cambior Inc. (now IAMGOLD) mined the New Pascalis bullion deposition (Lucien C. Béliveau Mine). A sum of 1.8 Mt of ore was extracted at a class of 3.2 g Au/t (total of 167,000 Au oz) from the aspect down to 300 m deep.

The geological environment of the skill appears to be really enlightened for the marker of brand brand brand new high-grade gold­bearing veins and structures or bulk-style ore shoots. Past scrutiny work did not wholly exam the countless bullion occurrences located in the North, South and West extensions of the former writer L.C. Béliveau Mine compared with the main dyke, alternative together dykes, or the prolongation of ENE-trending shear zones. Due to the expected closure of the Mine in Oct 1993, there was no follow-up on multiform cavalcade intercepts with mercantile bullion values. No serve scrutiny work was finished on the Property in between 1993 and mid­2008 when the Company acquired the Property.

Quality control

Jules Riopel P.Geo. Vice-President Exploration and Acquisitions, who acts as the Company’s “Qualified Person” as tangible by NI 43-101, has reviewed this press recover and supervised the training program. Assay samples were taken from the NQ core and sawed in half, with one-half sent to ACTLABS – Techni-Lab S.G.B. Abitibi Inc., Quebec, a blurb laboratory and the alternative half defended for destiny reference. A despotic QA/QC module was practical to all samples; which includes mineralized standards and vacant samples for any collection of twenty-five samples. The bullion analyses were finished by fire-assayed with an atomic fullness finish on 50 grams of materials. Repeats were carried out by fire-assay followed by gravimetric contrast on any representation containing 3.0 g/t bullion or more. Total bullion analyses (Metalic Sieve) were carried out on the samples which presented a good movement of their bullion contents.

Table 1 : Phase I Pascalis-Colombiere 2011 training module rough results.

* The voiced bullion intersections have been along the hole. Additional training will have to be finished to establish the loyal density of the mineralized zones. ** Uncut bullion value.

Profile:

Adventure Gold Inc. is a mining scrutiny association focused on finding tall peculiarity bullion deposits in the Abitibi greenstone leather belt located in north-west Quebec and north-east Ontario – one of the richest bullion deposition areas in the world. Adventure Gold binds peculiarity resources in the Val-d’Or, Rouyn-Noranda and Timmins areas and is led by dynamic government and technical teams with endless scrutiny and cave prolongation experience. Adventure Gold is unapproachable to equate on rarely regarded partners such as Agnico-Eagle Mines, Lake Shore Gold and RT Minerals to try modernized theatre bullion properties. The Company owns some-more than $4M in money and bonds and will go on to aggressively find brand brand brand new properties in correspondence with the corporate strategy.

The forgoing report might enclose forward-looking statements and events relating to the destiny opening of the Company. Forward seeking statements, privately those connected with destiny performance, have been theme to sure risks and uncertainties, and tangible formula might talk about materially. These risks and uncertainties have been minute from time to time in the Company’s filings with the suitable regulatory authorities. We find protected harbour.

MONTREAL, QUEBEC–(Marketwire – Mar 3, 2011) - Adventure Gold Inc. (TSX VENTURE:AGE) (the “Company”) is gratified to announce positive cavalcade formula from the initial dual holes of the winter 2011 module on the Pascalis Colombiere property. The dual holes successfully intersected poignant gold-bearing structures nearby aspect located 150 metres West of the former producing L.C. Beliveau cave (167,000 ounces produced, Cambior 1993). The many suitable bullion zones yielded values of:

• Hole PC-10-13 : 9.7 g/t Au over 2.1 metres enclosed in a cut of 4.0 g/t Au over 5.3 metres at 38.4 metres deep; 34.6 g/t Au over 2.9 metres, enclosed in a cut of 5.4 g/t Au over twenty metres at 143.1 metres deep.

• Hole PC-10-14 : 7.0 g/t Au over 4.8 metres included in a cut of 2.0 g/t Au over 24.9 metres at 278.4 metres deep.

A aspect map (Figure 1) of the not long ago achieved training can be found on the Company’s website at www.adventure-gold.com. This initial proviso of solid training module totalling 2,790 metres for 9 holes was not long ago completed. Significant cavalcade formula of the initial dual holes have been presented in Table 1 and formula from the alternative 7 cavalcade holes will be expelled when available. Six of them were drilled West of the former cave and the seventh was drilled to exam the geometry of the bullion complement underneath the subterraneous cave developments. Follow-up training is programmed to begin after the Company has perceived all results.

Gold-bearing zones intersected by cavalcade holes PC-10-13 and PC-10-14 have been characterized by underling metric to metric quartz-tourmaline veins or capillary networks. Host rocks have been changed in iron-carbonates, sericite, albite and tourmaline. Veins and host rocks have been mineralized with up to 15% disseminated sulphides and manifest bullion was additionally celebrated in a little sections. This gold-bearing complement presents clever similarities with the one celebrated at the L.C. Béliveau mine. A minute understand and formation of the brand brand brand new and arriving formula is already in progress. At this time, it is tough to relate the gold-bearing zones intersected by cavalcade holes PC-10-13 and PC-10-14 or, with gold-bearing zones intersected by chronological drillings in this area. However, the make use of of a core course complement has authorised us to comply which many of the veins were cut at a clever point of view with the core axis, which equates to which bullion veins should be dipping to the South. The core course complement represents a profitable apparatus to palliate the understand and the association of the cavalcade gold-bearing intercepts with the mineralized system.

The Company believes which there is a clever intensity to enlarge the bullion apparatus identified by Cambior at the L.C. Béliveau Mine before to 1993. Once the winter training module will be completed, a NI43-101 agreeable apparatus guess calculation inform will be rebuilt by SGS Geostat, a consulting organisation formed in Blainville, Quebec.

Pascalis-Colombiere Property

The Company’s wholly-owned Property consists of 33 mining titles totalling 637 hectares. It is located in the eastern apportionment of the Val-d’Or-Malartic bullion district, which has constructed some-more than twenty-five million ounces of bullion to date. The Pascalis-Colombiere skill is additionally diagonally opposite to the Company’s 100%-owned Beaufor North property, located 1.5 kilometers easterly of the producing Beaufor Gold Mine owned by Richmont Mines. The Property has been the site of bullion prolongation from 1989 to 1993 when Cambior Inc. (now IAMGOLD) mined the New Pascalis bullion deposition (Lucien C. Béliveau Mine). A sum of 1.8 Mt of ore was extracted at a class of 3.2 g Au/t (total of 167,000 Au oz) from the aspect down to 300 m deep.

The geological environment of the skill appears to be really enlightened for the marker of brand brand brand new high-grade gold­bearing veins and structures or bulk-style ore shoots. Past scrutiny work did not wholly exam the countless bullion occurrences located in the North, South and West extensions of the former writer L.C. Béliveau Mine compared with the main dyke, alternative together dykes, or the prolongation of ENE-trending shear zones. Due to the expected closure of the Mine in Oct 1993, there was no follow-up on multiform cavalcade intercepts with mercantile bullion values. No serve scrutiny work was finished on the Property in between 1993 and mid­2008 when the Company acquired the Property.

Quality control

Jules Riopel P.Geo. Vice-President Exploration and Acquisitions, who acts as the Company’s “Qualified Person” as tangible by NI 43-101, has reviewed this press recover and supervised the training program. Assay samples were taken from the NQ core and sawed in half, with one-half sent to ACTLABS – Techni-Lab S.G.B. Abitibi Inc., Quebec, a blurb laboratory and the alternative half defended for destiny reference. A despotic QA/QC module was practical to all samples; which includes mineralized standards and vacant samples for any collection of twenty-five samples. The bullion analyses were finished by fire-assayed with an atomic fullness finish on 50 grams of materials. Repeats were carried out by fire-assay followed by gravimetric contrast on any representation containing 3.0 g/t bullion or more. Total bullion analyses (Metalic Sieve) were carried out on the samples which presented a good movement of their bullion contents.

Table 1 : Phase I Pascalis-Colombiere 2011 training module rough results.

* The voiced bullion intersections have been along the hole. Additional training will have to be finished to establish the loyal density of the mineralized zones. ** Uncut bullion value.

Profile:

Adventure Gold Inc. is a mining scrutiny association focused on finding tall peculiarity bullion deposits in the Abitibi greenstone leather belt located in north-west Quebec and north-east Ontario – one of the richest bullion deposition areas in the world. Adventure Gold binds peculiarity resources in the Val-d’Or, Rouyn-Noranda and Timmins areas and is led by dynamic government and technical teams with endless scrutiny and cave prolongation experience. Adventure Gold is unapproachable to equate on rarely regarded partners such as Agnico-Eagle Mines, Lake Shore Gold and RT Minerals to try modernized theatre bullion properties. The Company owns some-more than $4M in money and bonds and will go on to aggressively find brand brand brand new properties in correspondence with the corporate strategy.

The forgoing report might enclose forward-looking statements and events relating to the destiny opening of the Company. Forward seeking statements, privately those connected with destiny performance, have been theme to sure risks and uncertainties, and tangible formula might talk about materially. These risks and uncertainties have been minute from time to time in the Company’s filings with the suitable regulatory authorities. We find protected harbour.

TORONTO, ONTARIO–(Marketwire – Mar 3, 2011) - Ateba Resources Inc. (“Ateba” or the “Company”) (CNSX:ATR) announces right away the formula of the tumble 2010 solid training module finished on the Larder Group Property. The infancy of the training from this module was created to exam the smoothness of mineralization surrounding the ancestral Walsh Katrine Mine. An exploratory hole (AR-30) was drilled to the southeast of the cave area and intersected poignant bullion mineralization. The cavalcade cores was shipped to Swastika Laboratories for analysis.

Bill Dickie, President and CEO of Ateba, commented “We have been gratified with these formula as they denote smoothness and show good opportunity; the breadth and smoothness of the bullion mineralization found in ancestral annals as formerly reported by Ateba in December, 2009 and Jan and June, 2010. Of note is hole AR-30, located about 600 metres from the alternative cavalcade holes, that is in an area where there has been no ancestral training and represents a find of formerly different mineralization The newly detected territory is presumably compared with mineralization at the Walsh Mine area. In addition, mineralization in cavalcade hole AR-30 is compared with a feldspar porphyry barrier complement that is identical to the geological environment found at circuitously Queenston’s Upper Beaver Mine. We will be conducting a follow-up belligerent captivating consult and training on this aim and alternative countless porphyry dikes that have been identified on the Property.”

Table of Significant Assays

To perspective the, “Property Highlight Map,” greatfully revisit the following link:

http://media3.marketwire.com/docs/map-ateba.pdf

The Company is right away training at the Copper King aim that is without delay diagonally opposite to Queenston’s Upper Beaver Property. The Copper King training is partial of a 10,000 scale cavalcade module that began in January.

The geology of the area around the Walsh Katrine Mine is characterized by syenites and feldspar porphyry dikes that have intruded mafic to middle volcanic rocks. Holes AR-12X and holes AR-16 by AR-29 were drilled in to the syenite brazen that hosts the mineralization at the Walsh Katrine Mine. Mineralization encountered in these holes indicates smoothness of mineralization in the Walsh Katrine Mine area.

Hole AR-30 was collared in mafic volcanic rocks that host abounding sulphides at surface. The cavalcade hole upheld by a territory of bleached, changed and mineralized volcanic rocks diagonally opposite to a potassium feldspar barrier that is additionally changed and mineralized. The mineralization intersected by hole AR-30 indicates that the contacts of feldspar porphyry dikes in the area have been enlightened for hosting mineralization. Numerous feldspar porphyry dikes have been mapped in the area to the easterly of the Walsh Katrine Mine and will be the concentration of destiny training programs.

Technical report in this press recover has been reviewed by Peter Mullens, Member of the Australian Institute of Mining and Metallurgy, who is a competent chairman underneath the definitions determined by National Instrument 43-101.

About Ateba Resources

Ateba Resources is a vegetable scrutiny association that is focused on exploring for bullion along the Larder – Cadillac Break. The Company’s flagship plan encompasses the rarely impending Walsh Katrine, Copper King and Kerr North bullion properties that have been right away constant to Queenston’s Upper Beaver Property. The plan extends fifteen km toward the Quebec limit and is permitted year turn by road. In addition, the Company additionally has a uranium skill in Elliot Lake on that there is a ancestral uranium apparatus of twelve million pounds of U₃O₈. The skill is constant to the Pele Mountain Eco Ridge skill where poignant assays for sum singular earth oxides (TREO’s) have been reported.

Note Regarding Forward-Looking Statements

This press recover and alternative created or verbal report exchnage from Ateba Resources Inc. (the “Company”) might embody sure statements that might be deliberate “forward-looking statements” inside of the definition of that word underneath Canadian bonds laws. Statements alternative than chronological contribution that residence probable destiny events, skeleton or developments have been forward-looking statements. Such statements might be identified by the make make use of of of difference such as “will”, “”may”, “expects”, “estimate”, “intend” or the make make use of of of the destiny or redeeming tense. Certain element factors or assumptions were practical in sketch the conclusions and creation those forward-looking statements. Forward-looking statements simulate management’s stream views with apply oneself to probable destiny events and conditions and, by their nature, have been formed on management’s ideology and assumptions and theme to good known and different risks and uncertainties, both ubiquitous and specific to the Company. Although the Company believes the expectations voiced in such forward-looking statements have been reasonable, such statements have been not guarantees of destiny opening and tangible formula or developments might talk about materially from those in the forward-looking statements. Readers have been cautioned that risks might shift or brand new risks might emerge. Additional report per the element factors and assumptions that were practical in creation these brazen seeking statements as good as the assorted risks and uncertainties we face have been described in larger item in the “Risk Factors” territory of the annual and halt Management’s Discussion and Analysis of the monetary formula and alternative successive avowal papers and monetary statements we record with the Canadian bonds regulatory authorities that have been accessible at www.sedar.com. The Company undertakes no requisite to refurbish this forward-looking report solely as compulsory by germane law.

Shares superb 48,882,579

TORONTO, ONTARIO–(Marketwire – Mar 3, 2011) - Ateba Resources Inc. (“Ateba” or the “Company”) (CNSX:ATR) announces right away the formula of the tumble 2010 solid training module finished on the Larder Group Property. The infancy of the training from this module was created to exam the smoothness of mineralization surrounding the ancestral Walsh Katrine Mine. An exploratory hole (AR-30) was drilled to the southeast of the cave area and intersected poignant bullion mineralization. The cavalcade cores was shipped to Swastika Laboratories for analysis.

Bill Dickie, President and CEO of Ateba, commented “We have been gratified with these formula as they denote smoothness and show good opportunity; the breadth and smoothness of the bullion mineralization found in ancestral annals as formerly reported by Ateba in December, 2009 and Jan and June, 2010. Of note is hole AR-30, located about 600 metres from the alternative cavalcade holes, that is in an area where there has been no ancestral training and represents a find of formerly different mineralization The newly detected territory is presumably compared with mineralization at the Walsh Mine area. In addition, mineralization in cavalcade hole AR-30 is compared with a feldspar porphyry barrier complement that is identical to the geological environment found at circuitously Queenston’s Upper Beaver Mine. We will be conducting a follow-up belligerent captivating consult and training on this aim and alternative countless porphyry dikes that have been identified on the Property.”

Table of Significant Assays

To perspective the, “Property Highlight Map,” greatfully revisit the following link:

http://media3.marketwire.com/docs/map-ateba.pdf

The Company is right away training at the Copper King aim that is without delay diagonally opposite to Queenston’s Upper Beaver Property. The Copper King training is partial of a 10,000 scale cavalcade module that began in January.

The geology of the area around the Walsh Katrine Mine is characterized by syenites and feldspar porphyry dikes that have intruded mafic to middle volcanic rocks. Holes AR-12X and holes AR-16 by AR-29 were drilled in to the syenite brazen that hosts the mineralization at the Walsh Katrine Mine. Mineralization encountered in these holes indicates smoothness of mineralization in the Walsh Katrine Mine area.

Hole AR-30 was collared in mafic volcanic rocks that host abounding sulphides at surface. The cavalcade hole upheld by a territory of bleached, changed and mineralized volcanic rocks diagonally opposite to a potassium feldspar barrier that is additionally changed and mineralized. The mineralization intersected by hole AR-30 indicates that the contacts of feldspar porphyry dikes in the area have been enlightened for hosting mineralization. Numerous feldspar porphyry dikes have been mapped in the area to the easterly of the Walsh Katrine Mine and will be the concentration of destiny training programs.

Technical report in this press recover has been reviewed by Peter Mullens, Member of the Australian Institute of Mining and Metallurgy, who is a competent chairman underneath the definitions determined by National Instrument 43-101.

About Ateba Resources

Ateba Resources is a vegetable scrutiny association that is focused on exploring for bullion along the Larder – Cadillac Break. The Company’s flagship plan encompasses the rarely impending Walsh Katrine, Copper King and Kerr North bullion properties that have been right away constant to Queenston’s Upper Beaver Property. The plan extends fifteen km toward the Quebec limit and is permitted year turn by road. In addition, the Company additionally has a uranium skill in Elliot Lake on that there is a ancestral uranium apparatus of twelve million pounds of U₃O₈. The skill is constant to the Pele Mountain Eco Ridge skill where poignant assays for sum singular earth oxides (TREO’s) have been reported.

Note Regarding Forward-Looking Statements

This press recover and alternative created or verbal report exchnage from Ateba Resources Inc. (the “Company”) might embody sure statements that might be deliberate “forward-looking statements” inside of the definition of that word underneath Canadian bonds laws. Statements alternative than chronological contribution that residence probable destiny events, skeleton or developments have been forward-looking statements. Such statements might be identified by the make make use of of of difference such as “will”, “”may”, “expects”, “estimate”, “intend” or the make make use of of of the destiny or redeeming tense. Certain element factors or assumptions were practical in sketch the conclusions and creation those forward-looking statements. Forward-looking statements simulate management’s stream views with apply oneself to probable destiny events and conditions and, by their nature, have been formed on management’s ideology and assumptions and theme to good known and different risks and uncertainties, both ubiquitous and specific to the Company. Although the Company believes the expectations voiced in such forward-looking statements have been reasonable, such statements have been not guarantees of destiny opening and tangible formula or developments might talk about materially from those in the forward-looking statements. Readers have been cautioned that risks might shift or brand new risks might emerge. Additional report per the element factors and assumptions that were practical in creation these brazen seeking statements as good as the assorted risks and uncertainties we face have been described in larger item in the “Risk Factors” territory of the annual and halt Management’s Discussion and Analysis of the monetary formula and alternative successive avowal papers and monetary statements we record with the Canadian bonds regulatory authorities that have been accessible at www.sedar.com. The Company undertakes no requisite to refurbish this forward-looking report solely as compulsory by germane law.

Shares superb 48,882,579