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 it has signed a definitive purchase and sale agreement (the
"Agreement") in connection with the previously announced acquisition of certain
high quality assets in northeast British Columbia, in the vicinity of the
prolific Boundary Lake area, for total consideration of $4,300,000, plus
applicable taxes and fees (the "Acquisition"). The Acquisition is expected to be
completed on or about July 28, 2010, with an effective date of May 1, 2010.


The Acquisition will be financed from proceeds of a concurrent equity financing
for gross proceeds of $8.5 million, with an option granted to the investor
group, in connection with the previously announced recapitalization and change
of management of Triple 8, to increase the financing to $10.0 million. A
non-refundable deposit of $430,000 has paid by Triple 8 to the vendor in
accordance with the terms of the Agreement.


The Acquisition is comprised of 9 (4.45 net) producing wells, 9 (4.46 net)
suspended wells, and associated production and facilities. In April, 2010, net
production from the assets to be acquired pursuant to the Acquisition was
approximately 72 boe/d, comprised of 41 barrels per day of light oil and natural
gas liquids and 186 mcf per day of natural gas. This asset will be operated
substantially by the Company, with working interests ranging from 50% to 100%.


In addition, the Acquisition includes recent 3D seismic data covering an area of
approximately 16 sections, 10,000 net undeveloped acres, and a gas compression
and dehydration facility with a capacity of 10 mmcf per day, with current
utilization of less than 1 mmcf per day.


The Company anticipates to be actively working this fall and winter to optimize
production with additional drilling and work overs on existing producing wells.
At this time, no independent engineering has been completed for the assets or
prospective acreage to be acquired pursuant to the Acquisition.


Forward Looking and Cautionary Statements

Barrels of oil equivalent (boe) may be misleading, particularly if used in
isolation. A boe conversion ratio of six thousand cubic feet (mcf) of natural
gas to one barrel (bbl) of oil is based on an energy conversion method primarily
applicable at the burner tip and is not intended to represent a value
equivalency at the wellhead. All boe conversions in this press release are
derived by converting natural gas to oil in the ratio of six thousand cubic feet
of natural gas to one barrel of oil. Certain financial amounts are presented on
a per boe basis, such measurements may not be consistent with those used by
other companies.


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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