Triton Energy Corp. Sets Rights Offering Record Date

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 LAW.


Triton Energy Corp. ("Triton") (TSX VENTURE:TEZ) is pleased to announce that it
has set January 27, 2010 (the "Record Date") as the record date for the rights
offering to the holders of common shares ("Common Shares") of Triton that was
announced on December 15, 2009 (the "Rights Offering").


Pursuant to the Rights Offering, each holder of Common Shares on the Record Date
will receive one transferable right (a "Right") for every Common Share held.
Every four (4) Rights will entitle the holder to purchase one Common Share at a
price of $0.13 until the Rights expire at 4 p.m. (MST) on February 16, 2010 (the
"Expiry Date"). There is no additional subscription privilege and no standby
guarantee.


The Common Shares are expected to commence trading on the TSX Venture Exchange
("TSXV") on an ex-rights basis at the opening of business on January 25, 2010.
This means that Common Shares purchased on or following January 25, 2010 will
not be entitled to receive Rights under the Rights Offering. At that time, the
Rights are expected to be posted for trading on a "when issued" basis on the
TSXV under the symbol "TEZ.RT". Trading of the Rights is expected to continue
until 10:00 a.m. (MST) on the Expiry Date.


The holders of the Common Shares and warrants issued pursuant to Triton's
approximately $10 million private placement and acquisition of certain assets
from Waldron Energy Corporation which closed on December 31, 2009 have agreed
not to participate in the Rights Offering and will not be entitled to exercise,
sell or convey any Rights. Accordingly, a maximum of approximately 10,863,409
Common Shares (assuming no convertible securities are exercised) will be issued
pursuant to the Rights Offering for gross aggregate proceeds of approximately
$1,412,243. Triton will use the proceeds of the Rights Offering for working
capital purposes.


A rights offering circular, together with rights certificates, will be mailed to
eligible holders of Common Shares as soon as possible following the Record Date.
Registered shareholders wishing to exercise their rights must forward the
completed rights certificates along with the applicable funds to the
subscription agent for the Rights Offering, Valiant Trust Company (the
"Subscription Agent"), by the Expiry Date. Shareholders who own their Common
Shares through an intermediary, such as a bank, trust company, securities dealer
or broker, will receive materials and instructions from their intermediary.


The Rights Offering will be made in all provinces of Canada, except Quebec (the
"Qualifying Jurisdictions"). Rights certificates will not be issued and
forwarded by Triton to holders of Common Shares not resident in the Qualifying
Jurisdictions. Instead, Rights otherwise issuable to such holders will be issued
to and held by the Subscription Agent, which will use its best efforts to sell
the Rights on behalf of all such holders after February 8, 2010 and prior to the
Expiry Date and then forward the net proceeds pro rata to such holders.


Triton Energy Corp. is a Calgary, Alberta based company engaged in the
exploration, development and production of petroleum and natural gas. Triton'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.


Forward Looking and Cautionary Statements

This news release may include forward-looking statements including opinions,
assumptions, estimates, management's assessment of future plans and operations,
and, more particularly, statements concerning the completion of the Rights
Offering and the use of proceeds of the Rights Offering. 


When used in this document, the words "will," "anticipate," "believe,"
"estimate," "expect," "intent," "may," "project," "should," and similar
expressions are intended to be among the statements that identify
forward-looking statements. The forward-looking statements are founded on the
basis of expectations and assumptions made by Triton, which include, but are not
limited to, the timing, completion and expiry of the Rights Offering, including
without limitation, the timing of the Record Date, the issue of Rights pursuant
to the Rights Offering, and the mailing of the Rights Offering circular and
Rights Certificates, and the use of proceeds of the Rights Offering.


Forward-looking statements are subject to a wide range of risks and
uncertainties, and although Triton 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, regulatory and third party approvals not being
obtained in the manner anticipated by management, changes in general market
conditions and other factors more fully described from time to time in the
reports and filings made by Triton with securities regulatory authorities.


Except as required by applicable law, Triton does not undertake any obligation
to publicly update or revise any forward-looking statements.