NAIROBI, KENYA--(Marketwired - May 27, 2013) - Taipan Resources Inc. ("Taipan" or the "Company") (TSX VENTURE:TPN) is pleased to announce that it will be conducting a conference call on its Block 2B prospects in NE Kenya's Anza Basin. The call will be held on Tuesday, May 28th at 7:00am PST (10:00am EST / 3:00pm BST) and take a closer look at the similarities between Block 2B and the Twiga / Ngamia Discoveries made by Tullow Oil Plc.

Management would like callers to refer to their corporate presentation, which is available at http://www.taipanresources.com/investors-corporate-presentation.html.

Conference Call Details are as follows:

Tuesday May 28^th 2013 at 10:00AM EST / 3:00PM BST.

North American Participants Dial: 416-641-6117 or Toll Free 866-223-7781

International Participants Dial: 1-800-6578-9898

The conference call will also be hosted live via Cisco Webex, available for download free of charge at www.webex.com. After downloading the software, a personal link to the presentation can be requested by emailing TPN@kincommunications.com. The Webex presentation will be open 30 minutes before the scheduled start time.

The call will be available for playback afterwards, and can be obtained by contacting Investor Relations at 604-684-6730 or by emailing TPN@kincommunications.com.

About Taipan Resources Inc.

Taipan Resources Inc. (TSX VENTURE:TPN) is an independent African focused oil exploration company with interests in 9.7 million gross oil and gas exploration acres (39,588 km2) in Block 1 and Block 2B onshore Kenya. Through its wholly owned subsidiary Lion Petroleum Corp., Taipan currently holds a 100% working interest in Block 2B (~1.9M acres / 7,807 km2) and a 20% working interest in Block 1 (~5.5M acres / 22,247 km2) which is operated by Afren plc.

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.

This news release contains forward-looking statements relating to the timing and completion of exploration programs on Block 1 and Block 2B, the future operations of Taipan and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the completion of exploration programs on Block 1 and Block 2B, are forward-looking statements that involve risks and uncertainties.

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Taipan's expectations are risks detailed from time to time in the filings made by Taipan with securities regulations.

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.