The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Important factors that could cause actual results to differ materially from Taipan's expectations are risks detailed from time to time in the filings made by Taipan with securities regulations. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the completion of exploration programs on Block 1 and Block 2B, are forward-looking statements that involve risks and uncertainties. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. This news release contains forward-looking statements relating to the timing and completion of exploration programs on Block 1 and Block 2B, the future operations of Taipan and other statements that are not historical facts. The Company relies upon litigation protection for forward looking statements. The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from the targeted results. Taipan is traded on the TSX Venture Exchange with the symbol TPN. Through its wholly owned subsidiary Lion Petroleum Corp., Taipan currently holds a 100% working interest in Block 2B (1.9 million acres / 7,807 km 2) and a 20% working interest in Block 1 (7.8 million acres gross / 31,781 km 2) which is operated by Afren plc. (TSX VENTURE:TPN) is an independent African oil and gas exploration company with interests in 9.7 million gross oil and gas exploration acres (39,588 km 2) in Block 1 and Block 2B onshore Kenya. Recent proprietary geochemistry work completed by Taipan also demonstrates that there is excellent quality Tertiary oil-prone source rock present in the Anza Basin in the region of Block 2B." We continue to believe based on gravity, magnetic and seismic data that the most attractive area of the Anza Basin is located on Block 2B. The Anza Basin is one of the largest Tertiary-age rift-basins of the East African Rift system which contains multi-billion barrel oil discoveries. Maxwell Birley CEO commented, "The initial results of the 2D seismic and FTG data acquired on Block 2B look very encouraging. The First Additional Exploration Period for Block 2B commences on Jwith a term of two years. With the completion of the FTG survey and recent 439 km 2D seismic survey, Taipan has completed the work program for the Initial Exploration Period on Block 2B. ("Taipan" or the "Company") (TSX VENTURE:TPN) is pleased to announce that the block wide full tensor gradiometry survey (FTG) on Block 2B in Kenya has been completed. NAIROBI, KENYA-(Marketwired - April 18, 2013) - Taipan Resources Inc.
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