Triton American Well Services Reports Application of Radial Jet Drilling Technology Proceeding on Schedule; Blackwell Lease Charged with Flush Production

Business Wire, August 7, 2006

HOUSTON -- Triton American Energy Corp. (OTC PK: TRAE), provider of natural gas and crude oil, is pleased to report its subsidiary Triton American Well Service, LLC (TAWS) has commenced with jet drilling activities on the first of twelve wells, the Blackwell #10A.

Multiple laterals will be drilled in the well, opening the well bore to virgin areas of high permeability in the Lower Austin Chalk and Buda formations. Analysis of gamma ray neutron logs performed on each of the wells indicates significant pay zones between 1980 and 2200 feet. Two other wells are on vacuum in order to keep the natural gas flow in check prior to application of the jet drilling and connection to the Thermal Pulse Unit, the first of which is to be installed early next week.

Although Triton Austin Chalk EOR, Inc, the operator of the property, has consistently maintained its initial representations that the Blackwell lease contains nearly 200,000 Bls of recoverable reserves or roughly 20,000 Bls per well, significant evidence in other Austin Chalk fields in South Texas, such as Pearsall to the southwest and Giddings to the northeast, have indicated recoveries of over two and one half times the traditional methodology utilizing vertical well bores and pump jacks fitted with down hole rods. In addition to its proven ability to dramatically increase reserve recovery expectations, the Company can also anticipate significant increases in cash flow over the first three years of the project as approximately 65% of recoverable reserves should be produced within that time frame as the flush production from nearby vertical fractures are opened and remain producible via the TPU with no restrictions.

For more information, please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit our website at: www.tritonamericanenergycorp.com

About Triton American Energy Corporation:

Triton American Energy is an independent crude oil and natural gas and oil exploration and production company based in Houston, Texas. The company's business plan is structured to take advantage of today's rising energy cost, while reducing as much financial risk as possible. Tritons niche or specialty are the small to moderate operations (usually 1-50 well projects). These wells can be worth hundreds of millions of dollars in revenue but require more hands-on attention then the major producers are willing to give.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange.