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Drill Program Encounters 2.45 g/t Pd+Pt+Au Over 28 m at the River Valley Platinum Group Metals PGM Project, Sudbury Mining District

  • A drill hole collared in main mineralized zone (Dana North) encountered 2.45 g/t Pd+Pt+Au over 28m, including 7.12 g/t over 3m and 4.06 g/t over 6m with a second zone of 3.30 g/t Pd+Pt+Au over 4m
  • Drilling continues to encounter PGM mineralization in the footwall of the River Valley PGM Deposit with assays of 1.56 g/t Pd+Pt+Au over 9m, 1.41 g/t over 8m, 1.12 g/t over 17 m and 1.64 m of 7m were obtained from drilling in the footwall
  • River Valley is the Largest Undeveloped Primary PGM resource in Canada, with 3.9Moz PdEq in Measured Plus Indicated including an additional 1.2Moz PdEq in Inferred.

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Hub On AGORACOM / Read Release

Message: NR name change to Triangle Resources corp...no other news this year..

Denver, Colorado, May 27, 2011 – Triangle Petroleum Corporation ("Triangle" or the "Company") (NYSE Amex: TPLM)

announced today that its board of directors has approved a proposal to change the Company’s state of legal incorporation from Nevada to Delaware. The reincorporation proposal will be submitted for consideration at Triangle’s annual meeting of stockholders scheduled to be held on July 22, 2011 at 10:00 a.m. local time, at its offices in Denver, Colorado.

The proposed reincorporation would not affect the Company’s headquarters, business, jobs, management, offices or facilities, number of employees, assets, liabilities or net worth. Also, the Company’s common stock would continue to trade on the NYSE Amex LLC under the symbol TPLM. If the reincorporation is approved by stockholders, the Company’s name would change to "Triangle Resources Corporation."

Approval of the reincorporation proposal will require the support of a majority of the shares of the Company’s common stock present at the annual meeting in person or by proxy and entitled to vote on the matter. Further information regarding the reincorporation will be contained in the proxy statement to be filed with the Securities and Exchange Commission.

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