Triton American Energy Completes Acquisition of Additional Shares of Triton Well Service; Triton American Well Services Now 55% Owned by TRAE

Business Wire, Sept 13, 2006

HOUSTON -- Triton American Energy Corp. (OTC PK: TRAE), producer of natural gas and crude oil, is pleased to report the purchase of two separate 5% shareholders of Triton American Well Services, LLC ("TAWS") for stock and other consideration. William B. Weekley and Glenn Andrews conveyed their shares to TRAE, giving the Company a 55% ownership in TAWS, owner of the radial jet drilling unit, work-over rig and other ancillary field related equipment currently deployed on the Blackwell lease, site of the on-going 12 well pilot project for enhanced oil recovery.

Louis Guidry, Chairman and CEO of TRAE, further announced that Mr. Weekley will continue as President and COO and Mr. Andrews will continue as Vice President of Marketing.

Correction to September 12, 2006 news release:

Negotiations to complete the acquisition of 100% of Triton American Well Services, LLC and InStar Field Services were not successful as earlier reports indicated. Triton American Energy Corp has operated the aforementioned as wholly owned subsidiaries since July 1, 2006. The company was notified on September 12, 2006 at 1:53 PM the transactions were terminated.

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. Triton's niche and/or specialties relate to 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