TEZ Triton Energy Corp.

Triton Energy Corp. ("Triton" or the "Corporation") (TSX VENTURE:TEZ) is pleased
to announce that it drilled one (1.0 net) operated well during the fourth
quarter of 2008 that has been successfully completed and tested. This well was
part of a fourth quarter 2008 program that was primarily focused on the tie-in
of three (2.5 net) wells that were successfully drilled and/or completed during
the third quarter of 2008 (please see Triton's News Release dated December 11,
2008 for details).


The new well is located at Sullivan Lake and represents the second consecutive
medium gravity oil well successfully drilled by Triton on this prospect. This
well is currently in the process of being tied-in and the Corporation expects to
have it on production in early February. Triton owns six (6.0 net) additional
sections of undeveloped crown lands and has thirteen (13.0 net) additional
sections of undeveloped freehold lands under option in this prospect area at
Sullivan Lake. The Corporation plans to drill two (2.0 net) additional operated
wells here during the first quarter of 2009, the first of which is expected to
commence drilling by the end of January. Both locations have been selected based
on proprietary 3-D seismic and geological interpretation.


The Corporation is also pleased to announce that drilling operations have
commenced at a potential high impact well in the Tay River area in the foothills
of Alberta (the "Test Well"). Drilling operations are expected to take
approximately five months for the Test Well to reach total licensed depth of
5,462 meters. Triton is earning a 12.5% working interest in the Test Well,
Section 27-35-11W5M and ten (10) additional contiguous sections of land. A major
oil and gas producer is the operator of the Test Well.


These wells are all part of Triton's $12 million 2009 capital expenditures
program, which the Corporation currently plans to finance utilizing funds
available from both operations and its existing credit facility.


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, number and location of wells to be drilled, timing of drilling of
wells, commencement of production from wells and budgeted capital expenditures
and funding thereof. 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.

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