Hyperion Exploration Corp. Adopts Advance Notice Bylaw

Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX)
announces the adoption of an advanced notice bylaw (the "Bylaw"). The Bylaw, as
approved by the board of directors of the Company (the "Board"), includes, among
other things, a provision that requires advance notice to the Company in
circumstances where nominations of persons for election to the Board are made by
shareholders of the Company other than pursuant to: (i) a requisition of a
meeting made pursuant to the provisions of the Business Corporations Act
(Alberta) (the "Act"); or (ii) shareholder proposal made pursuant to the
provisions of the Act. 


Among other things, the Bylaw fixes a deadline by which holders of record of
common shares of Hyperion must submit director nominations to the Company prior
to any annual or special meeting of shareholders and sets forth the specific
information that a shareholder must include in the written notice to the Company
for an effective nomination to occur. No person will be eligible for election as
a director of the Company unless nominated in accordance with the provisions of
the Bylaw. 


In the case of an annual general meeting of shareholders, notice to the Company
must be made not less than 30 nor more than 65 days prior to the date of the
annual general meeting of shareholders; provided, however, that in the event
that the annual general meeting of shareholders is to be held on a date that, is
less than 50 days after the date (the "Notice Date") on which the first public
announcement of the date of the annual meeting was made, notice by the
nominating shareholder may be made not later than the close of business on the
tenth (10th) day following the Notice Date. 


In the case of a special meeting (which is not also an annual general meeting)
of shareholders called for the purpose of electing directors (whether or not
called for other purposes), notice to the Company must be made not later than
the close of business on the fifteenth (15th) day following the day on which the
first public announcement of the date of the special meeting of shareholders was
made. 


The Bylaw is effective immediately. At the next meeting of shareholders of the
Company, shareholders will be asked to confirm and ratify the Bylaw. 


The full text of the Bylaw is available via SEDAR at www.sedar.com.

About Hyperion 

Hyperion is a publically traded, junior light oil and gas company with a
strategy of growing through acquisitions which lead to lower risk, scalable and
repeatable development drilling projects. Hyperion's core Alberta operations are
in the Niton/McLeod, Garrington, North Pembina, Buck Lake, and Chip Lake areas.
The common shares of the Company trade on the TSX Venture Exchange under the
trading symbol "HYX".


FOR FURTHER INFORMATION PLEASE CONTACT: 
Hyperion Exploration Corp.
Trevor Spagrud
President and CEO
[phone]
[e-mail]


Hyperion Exploration Corp.
Doug Bailey
CFO
[phone]
[e-mail]


Hyperion Exploration Corp.
Suite 2010, Calgary Place II
355 - 4th Avenue SW
Calgary, Alberta T2P 0J1