TEE Triple 8 Energy Ltd.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.


Triple 8 Energy Ltd. ("Triple 8" or the "Company") (TSX VENTURE:TEE) is pleased
to announce that approximately 54 percent of its shareholders have provided
written consent to the appointment of a new management team and board of
directors (the "New Management Group") for Triple 8, led by Trevor Spagrud,
Larry Hammond and Doug Bailey, pursuant to the Investment and Reorganization
Agreement announced on June 25, 2010 (the "Agreement"). The Agreement also
provides for an up to $10.0 million non-brokered private placement of Common
Shares and Units consisting of Common Shares and Warrants (the "Private
Placement"), details of which were previously announced on June 25, 2010.


Completion of the Private Placement and the change of management is subject to a
number of conditions and approvals including, but not limited to, the approval
of the TSXV. Under the policies of the TSXV, the replacement of the existing
Triple 8 board and management with the New Management Group is subject to the
approval of the disinterested shareholders of Triple 8. As Triple 8 has obtained
the written consent of approximately 54 percent of its shareholders, a
significant milestone to completion of the change of management and Private
Placement has been achieved, and Triple 8 anticipates that these transactions
will be completed on July 23, 2010.


Forward Looking and Cautionary Statements

This press release may contain forward-looking statements within the meaning of
applicable securities laws. Forward-looking statements may include estimates,
plans, anticipations, expectations, opinions, forecasts, projections, guidance
or other similar statements that are not statements of fact. Although the
Company believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that such expectations will
prove to be correct. These statements are subject to certain risks and
uncertainties and may be based on assumptions that could cause actual results to
differ materially from those anticipated or implied in the forward-looking
statements. These risks include, but are not limited to: the risks associated
with the oil and gas industry (e.g. operational risks in development,
exploration and production; delays or changes in plans with respect to
exploration or development projects or capital expenditures; the uncertainty of
reserve estimates; the uncertainty of estimates and projections relating to
production, costs and expenses and health, safety and environmental risks),
commodity price and exchange rate fluctuation and uncertainties resulting from
potential delays or changes in plans with respect to exploration or development
projects or capital expenditures. The Company's forward-looking statements are
expressly qualified in their entirety by this cautionary statement. The
forward-looking statements contained in this press release are made as of the
date hereof and the Company undertakes no obligations to update publicly or
revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.

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