Triple 8 Energy Announces Non-Brokered Private Placement

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 it intends to issue up to 5,289,751 units of the Corporation
("Units") at a price of $0.095 per Unit pursuant to a non-brokered private
placement offering. Each Unit will consist of one common share and one common
share purchase warrant with each warrant entitling the holder thereof to
purchase one common share at an exercise price of $0.15 per share for a period
of 3 years from the date of issuance. Certain insiders of the Corporation will
be subscribing for Units pursuant to this offering. Proceeds from the offering
will be used to fund certain growth initiatives of the Corporation and for
general corporate purposes. 


All sales will be made on a private placement basis pursuant to exemptions from
the prospectus requirements of applicable securities laws. All of the Units
issued in connection with this offering are subject to a four month hold period
under applicable securities laws and the policies of the TSX Venture Exchange.
The closing of the offering is expected to occur at the end of December 2009 or
early January 2010 and is subject to certain conditions including, but not
limited to, receipt of all necessary regulatory approvals including the approval
of the TSX Venture Exchange. 


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.

Triple 8 Energy Ltd. (TSXV:TEE)
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