The TSX Venture Exchange has accepted for filing Triangle Petroleum Corp.'s proposal to issue a total of 2.05 million deferred share units (DSU) at a deemed price of 35 cents per DSU. Each DSU will automatically exchange for one common share on Feb. 2, 2011. DSU's are to be issued to the following insider(s):

Insiders:  Dr. Peter Hill 600,000; Jonathan Samuels 600,000; Gardner Parker 300,000; Randy Matkaluk 150,000; Steve Holditch 150,000; Jeff McKenna 200,000; Brad Affleck 50,000