Contact Exploration Inc

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over 15 years ago

Calgary, Alberta – June 11, 2009 – Triangle Petroleum Corporation (the

“Company” or “Triangle”) (TSXV: TPE; OTCBB: TPLM)

today reported that it now
holds a working interest of 87% in the 475,000 gross acre Windsor Block in Nova Scotia.

Triangle has executed a definitive agreement with Contact Exploration Inc. (“Contact”)

to acquire Contact’s 30% working interest in the Windsor Block in exchange for agreeing

to provide Contact a 5.75% non-convertible gross overriding royalty interest. Contact

also received a cash payment of $270,000 and Triangle assumed the liabilities related to

Contact’s former working interest

.