Triton Announces $7.5 Million Bought Deal Private Placement Financing

NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION
TO THE UNITED STATES OF AMERICA.


Triton Energy Corp. ("Triton" or the "Corporation") (TSX VENTURE:TEZ) announces
it has entered into a private placement financing agreement, on a bought-deal
basis, with an underwriting syndicate led by National Bank Financial Inc. and
including FirstEnergy Capital Corp., Macquarie Capital Markets Canada Ltd.,
Desjardins Securities Inc. and Raymond James Ltd (the "Underwriters"). Under the
terms of the agreement, Triton will issue by way of a private placement
34,100,000 common shares on a flow-through basis at $0.22 per share for gross
proceeds of $7.5 million.


The private placement is expected to close on or about March 31, 2010 and is
subject to approval of the TSX Venture Exchange, receipt of all necessary
regulatory approvals and other customary conditions. Gross proceeds from the
private placement will be used, in part, to finance Triton's capital
expenditures program for this year and next. The Corporation expects to release
its 2010 capital expenditure program by the end of March. Eligible expenses will
be renounced to subscribers of the flow-through shares effective on or before
December 31, 2010.


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 press release shall not constitute an offer to sell, nor the solicitation
of an offer to buy, any securities in the United States, nor shall there be any
sale of securities mentioned in this press release in any state in the United
States in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.