Triton Provides Operations Update and Year-End Production Guidance

Triton Energy Corp. ("Triton" or the "Corporation") (TSX VENTURE:TEZ) drilled
three (3.0 net) wells and participated in the completion of one (0.5 net) well
during the third quarter of 2008 resulting in one (1.0 net) operated dual zone
natural gas well, one (1.0 net) operated oil well, one (0.5 net) non-operated
dual zone oil and natural gas well and one (1.0 net) dry hole.


At Newton, Triton drilled and completed a 100% working interest dual zone
natural gas well. This is the fifth successful well drilled by the Corporation
in the Newton area and it is currently being tied-in with production expected to
commence in November. The Corporation has 14 (13.75 net) sections (8,800 net
acres) of land at Newton and has identified two additional drilling locations on
this prospect. Current plans are to drill one additional 100% working interest
well on this prospect before year-end at a seismically and geologically
identified location immediately adjacent to a Triton owned pipeline currently
under construction.


At Sullivan Lake, Triton drilled and completed a 100% working interest light oil
well as part of a 14-section farmin and option agreement with a senior producer.
This is the first oil well the Corporation has drilled on this prospect and it
is expected to be on production in November. A second 100% working interest well
also targeting light oil is scheduled to be drilled on this prospect before
year-end at a location that has been selected based on proprietary 3-D seismic
data and geological interpretation. In addition to the 14-section (8,960 acre)
farmin and option lands, Triton has acquired an additional six sections (3,840
acres) of land in the prospect area through Crown land sales and a private land
purchase.


At Lanaway, Triton participated in the completion of one (0.5 net) non-operated
dual zone oil and natural gas well, which is expected to be placed on production
in the fourth quarter. Based on this successful well and 3-D seismic
interpretation, Triton has identified up to three additional drilling locations
on this prospect.


Based on the successful third quarter results Triton forecasts a 2008 year-end
exit production rate of approximately 1,200 barrels of oil equivalent per day.


The Corporation currently plans to finance the balance of its 2008 capital
expenditures program utilizing funds from operations and funds available from
its credit facility, which was recently increased to $10.0 million and can be
further increased to $11.5 million on certain conditions being met.


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".


Forward-Looking Statements

This news release may include forward-looking statements including opinions,
assumptions, estimates and management's assessment of future plans and
operations, budgeted capital expenditures and funding thereof, wells to be
drilled, timing of drilling of wells, commencement of production from wells and
year-end production rate. When used in this document, the words "anticipate,"
"believe," "estimate," "expect," "intent," "may," "project," "plan", "should"
and similar expressions are intended to be among the statements that identify
forward-looking statements. Forward-looking statements are subject to a wide
range of risks and uncertainties, and although the Corporation 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, risks associated
with oil and gas exploration, development, exploitation, results from testing,
production, marketing and transportation, the volatility of oil and gas prices,
currency fluctuations, the ability to implement corporate strategies, the state
of domestic capital markets, the ability to obtain financing, incorrect
assessment of the value of acquisitions, failure to realize the anticipated
benefits of acquisitions, changes in oil and gas acquisition and drilling
programs, delays resulting from inability to obtain required regulatory
approvals, delays resulting from inability to obtain drilling rigs and other
services, delays in tie-in operations, results from testing, environmental
risks, competition from other producers, imprecision of reserve estimates,
changes in general economic conditions and other factors more fully described
from time to time in the reports and filings made by Triton with securities
regulatory authorities. Readers are cautioned not to place undue reliance on
forward-looking statements, as no assurances can be given as to future results,
levels of activity or achievements. Except as required by applicable securities
laws, the Corporation does not undertake any obligation to publicly update or
revise any forward-looking statements.


Disclosure provided herein in respect of barrels of oil equivalent ("boe") may
be misleading, particularly if used in isolation. A boe conversion ratio of
6,000 cubic feet of natural gas to 1 barrel of oil is based on an energy
equivalency conversion method primarily applicable at the burner tip and does
not represent a value equivalency at the wellhead.