Taipan Resources to Host Investor Conference Call

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 21, 2013) - Taipan Resources Inc. (TSX VENTURE:TPN) ("Taipan" or the "Company") announces that it will host a conference call on Wednesday, October 23, 2013 at 6:00 AM PST to discuss its recently announced farmout agreement with Premier Oil plc

Max Birley, Chief Executive Officer and Director of Taipan, will host the conference call.

To attend the call, please use the dial in information below:

Participants are requested to call in at least 10-minutes before the call to ensure timely participation.

There will be a short Q&A session following the farmout discussion.

About Premier Oil plc

Premier Oil plc (LSE:PMO) is a leading FTSE 250 independent exploration and production company with interests in the North Sea, South East Asia, the Middle East, Africa, Pakistan and the Falkland Islands. Its portfolio of producing assets delivered production of 58,600 boepd in the first half of this year, and it has various projects in the development phase which should increase production to over 100,000 boepd in the medium-term. Premier became active in Kenya in 2011 with the signing of two PSCs for offshore exploration blocks L10A and L10B.

About Taipan Resources Inc.

Taipan Resources Inc. (TSX VENTURE:TPN) is an independent, Africa-focused oil exploration company with interests in Block 1 and Block 2B onshore Kenya through its wholly owned subsidiary Lion Petroleum Corp.

After the farmout, Taipan will hold a 45% working interest in Block 2B (1.35 million acres / 5,464km²). The Company's 20% working interest in Block 1 (5.497 million acres / 22,246 km²) is operated by East Africa Exploration (Kenya) Ltd, a subsidiary of Afren plc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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. The Company relies upon litigation protection for forward looking statements.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Taipan. As a result, Taipan cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Taipan will only update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.