TEZ Triton Energy Corp.

Triton Energy Corp. ("Triton" or the "Corporation") (TSX VENTURE:TEZ) is pleased
to announce an Ellerslie liquids rich natural gas discovery well in the
Corporation's Strachan/Ricinus core area of west central Alberta and the
acquisition of 15 sections of Crown land directly on the Ellerslie trend.


Triton confirmed its exploration concepts in its Strachan/Ricinus core area by
deepening a suspended well 55 meters at 6 - 30 - 37 - 8W5. A six meter Ellerslie
channel sand was discovered at 3,120 meters. Triton's mapping indicates this
Ellerslie discovery to be significant as it is an extension of the highly
productive Ferrier Ellerslie F pool located six miles to the north east.


The 6-30 well was fracture stimulated on March 27 and is currently flowing 3
Mmcf/d with 2 bbls/hr of frac fluid on fracture cleanup. The well is tied in and
will be tested in-line once the final tubing string is snubbed into place. This
well is expected to be placed on production at 2 Mmcf/d of raw gas plus 50 bbls
per Mmcf of natural gas liquids (approx. 365 boe/d sales). The Corporation has
an 83% working interest in the well.


Triton is immediately commencing a second deepening operation at the adjacent
14-29-37-8W5M well. The 14-29 well is 100% owned and is expected to encounter a
thicker sand sequence based on 3D seismic interpretation. Additionally, Triton's
third exploration prospect on this channel sand system is licensed as a 100%
working interest 3,500 meter test well located ten miles south at Triton Ricinus
15-10-36-9W5M and is planned to spud in the second quarter of 2010.


At a highly competitive Crown land sale on March 24, the Corporation acquired
100% working interests in 15 key sections of lands that it posted. Triton now
has 20 net sections of land directly on-trend with the Ellerslie channel
discovery. The Strachan/Ricinus Ellerslie lands with a large amount of gas in
place per section are approved to be drilled at up to four wells per section on
select lands.


The analogous Ferrier Ellerslie F pool has produced 70 BCF to date from this
Ellerslie channel with ultimate gas recovery forecasted to average 4.6 BCF per
well. Triton's management team has considerable experience targeting Lower
Cretaceous deep basin channel sands through a combination of geological and
geophysical models. The wells are expected to generate a risked 20% rate of
return at gas prices of approximately $3.50/Mcf. Additionally, recent proposed
changes to the Alberta Crown royalty regime are expected to enhance liquids rich
natural gas well economics. Other prospective zones in Triton's Strachan/Ricinus
core area include the Cardium, Viking, Glauconite and Rock Creek.


Triton will release its 2010 capital expenditure budget on March 31, 2010.

Triton is a Calgary, Alberta based corporation engaged in the exploration,
development and production of petroleum and natural gas and is currently
producing approximately 2,000 boepd. The Corporation's common shares are listed
on the TSX Venture Exchange under the trading symbol "TEZ".


Additional information regarding Triton is available under the Corporation's
profile at www.sedar.com. 


Forward Looking and Cautionary Statements

This news release contains forward-looking statements relating to the
Corporation's plans and other aspects of the Corporation's anticipated future
operations, strategies, financial and operating results and business
opportunities. These forward-looking statements may include opinions,
assumptions, estimates, management's assessment of value, reserves, future plans
and operations. 


Forward-looking statements typically use words such as "will," "anticipate,"
"believe," "estimate," "expect," "intent," "may," "project," "should," "plan,,"
"intend," and similar expressions suggesting future outcomes, and statements
that actions, events or conditions "may," "would," "could," or "will" be taken
or occur in the future. Specifically, this press release contains
forward-looking statements relating to tested and future production rates;
estimated recoverable reserves; expected results and economics on future drill
wells; the number and location of additional drilling locations; the effect of
the proposed changes to the Alberta Crown royalty regime and resulting well
economic and including rates of return; whether or not other geological zones
are prospective; and estimated corporate production levels. In addition,
statements regarding reserves are deemed to be forward-looking statements, as
they involve estimates and assumptions as to the expectation that the reserves
can be economically exploited in the future. The forward-looking statements are
based on various assumptions including expectations regarding the success of
current or future drill wells; the outlook for petroleum and natural gas prices;
estimated amounts and timing of capital expenditures; estimates of future
production; assumptions concerning the timing of regulatory approvals; the state
of the economy and the exploration and production business; results of
operations; performance; business prospects and opportunities; future exchange
and interest rates; the Corporation's ability to obtain equipment in a timely
manner to carry out development activities; and the ability of the Corporation
to access capital. While the Corporation considers these assumptions to be
reasonable based on information currently available to it, they may prove to be
incorrect.


Forward-looking statements are subject to a wide range of assumptions, known and
unknown risks and uncertainties and other factors that contribute to the
possibility that the predicted outcome will not occur, including, without
limitation: risks associated with oil and gas exploration, development,
exploitation, production, marketing and transportation; loss of markets;
volatility of commodities prices; currency fluctuations; imprecision of reserves
estimates; environmental risks; competition from other producers; inability to
retain drilling rigs and other services; incorrect assessment of the value of
acquisitions; failure to realize the anticipated benefits of acquisitions;
general economic conditions; delays resulting from or inability to obtain
required regulatory approvals and to satisfy various closing conditions; and
ability to access sufficient capital from internal and external sources. Readers
are cautioned that the foregoing list of factors is not exhaustive. 


Although Triton believes that the expectations represented by such
forward-looking statements are reasonable, there can be no assurance that such
expectations will be realized. As a consequence, actual results may differ
materially from those anticipated in the forward-looking statements and you
should not rely unduly on forward-looking statements. The forward-looking
statements contained in this news release are made as of the date of this news
release. Except as required by applicable law, Triton does not undertake any
obligation to publicly update or revise any forward-looking statements. 


Note Regarding BOEs

The term barrel of oil equivalent ("boe") may be misleading, particularly if
used in isolation. A conversion ratio for gas of 6 mcf:1 boe 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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