Triple 8 Energy Announces Proposal for 3-For-1 Share Split

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

Triple 8 Energy Ltd. (the "Corporation") (TSX VENTURE:TEE) is pleased to
announce today that its board of directors has authorized a proposal to split
the common shares of the Corporation on the basis of one share into three
shares. There are currently 10,578,651 common shares issued and outstanding, and
if the proposed share split is completed, there would be 31,735,953 common
shares issued and outstanding. Outstanding stock options and share purchase
warrants will also be adjusted by the share split ratio and the respective
exercise prices of outstanding stock options and warrants will be adjusted
accordingly. The Corporation will not change its name in conjunction with the
share split. Although the proposed share split is not subject to shareholder
approval, the share split is subject to the acceptance of the TSX Venture
Exchange ("TSXV"). The Corporation proposes the share split to increase the
liquidity of its shares and, in turn, make financing terms more attractive. 


The Corporation intends to set the record date for determining the shareholders
of the Corporation as the second business day following issuance of the Exchange
Bulletin by the TSXV. The Corporation intends to issue a subsequent news release
with the exact record date once such date is determined following TSXV
acceptance. The completion of the share split is conditional on the Corporation
receiving acceptance of the TSXV. 


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


Advisory Respecting Forward-Looking Information: 

This news release contains certain forward-looking information and statements
within the meaning of applicable securities laws. The use of any of the words
"expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may",
"will", "project", "should", "believe", "plans", "intends", "confident", "might"
and similar expressions are intended to identify forward-looking information or
statements. In particular, but without limiting the foregoing, this news release
contains forward-looking information and statements pertaining to the expected
closing date of the offering and use of proceeds therefrom and other
expectations, beliefs, plans, goals, objectives, assumptions, information and
statements about possible future events, conditions, results of operations or
performance. Various assumptions were used in drawing the conclusions or making
the projections contained in the forward-looking statements throughout this news
release. 


The forward-looking information and statements included in this news release are
not guarantees of future performance and should not be unduly relied upon.
Forward-looking statements are based on current expectations, estimates and
projections that involve a number of risks and uncertainties, which could cause
actual results to differ materially from those anticipated and described in the
forward-looking statements. Such information and statements involve known and
unknown risks, uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such forward-looking
information or statements. 


The foregoing list of assumptions, risks and uncertainties is not exhaustive.
The forward-looking information and statements contained in this news release
speak only as of the date of this news release, and the corporation assumes no
obligation to publicly update or revise them to reflect new events or
circumstances, except as may be required pursuant to applicable securities laws.