November 12, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Underwriters of Triangle Petroleum Corp.’s (AMEX: TPLM) (TSX Venture: TPO) recent public offering of 10,800,000 shares of common stock have fully exercised their over-allotment option to purchase an additional 1,620,000 shares of common stock, bringing the total net proceeds to approximately $62.6 million. The $62.6 million total accounts for payment of underwriting discounts and commissions and estimated offering expenses.

The closing of the over-allotment option is expected to occur on November 16, 2010.

The public offering was underwritten by Johnson Rice & Company L.L.C., as sole book-running manager, and Canaccord Genuity Inc. and Rodman & Renshaw, LLC, as co-managers.

A registration statement on Form S-1 relating to the shares was filed with the SEC and is effective. A prospectus relating to the offering has been filed with the SEC and is available on the SEC's website.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state, province or other jurisdiction in which such offer, solicitation or sale is not permitted.

Triangle Petroleum is an independent oil and gas exploration company, founded in 2006, with approximately 475,000 gross acres (413,000 net acres) in the Windsor Block of Nova Scotia and approximately 13,000 net acres in the Williston Basin targeting the Bakken Shale and Three Forks formations.

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