TEE Triple 8 Energy Ltd.

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 has completed a non-brokered private placement offering
of 5,288,900 units of the Corporation ("Units") at a price of $0.095 per Unit
for aggregate gross proceeds of $502.445.50. Each Unit consists 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 hereof, subject to customary
adjustment provisions. Proceeds from the offering will be used to fund certain
growth initiatives of the Corporation and for general corporate purposes.


All sales were 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 that
expires on May 16, 2010. The closing of this offering is conditional on the
final approval of the TSX Venture Exchange.


Certain directors and officers of the Corporation subscribed for an aggregate of
1,262,400 Units, including 959,400 Units purchased by Mr. Tarik G. Elsaghir, the
Chief Financial Officer and a director of the Corporation, resulting in Mr.
Elsaghir acquiring beneficial ownership and control over 959,400 common shares
of the Corporation (representing 9.07% of the outstanding common shares) and
959,400 warrants under the private placement offering. Accordingly, Mr. Elsaghir
currently beneficially owns and controls an aggregate of 1,839,400 common shares
(representing 17.39% of the outstanding common shares), 1,339,400 warrants and
264,000 options. If the warrants and options are exercised, Mr. Elsaghir will
beneficially own and control an aggregate of 3,442,800 common shares
(representing 28.26% of the outstanding common shares). Mr. Elsaghir acquired
the securities under the private placement offering for investment purposes only
and may, depending on market and other conditions, increase or decrease his
beneficial ownership, control or direction over, or exercise his rights to
acquire common shares through market transactions, private agreements or
otherwise. Mr. Elsaghir will file an Early Warning Report with the British
Columbia and Alberta Securities Commissions in respect of these transactions.
Copies of the report may be obtained from SEDAR under the Corporation's SEDAR
profile at www.sedar.com or without charge from Mr. Elsaghir (fax:
403-686-1872).


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.

Grafico Azioni Triple 8 Energy Ltd. (TSXV:TEE)
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