TG World Energy Corp.

TG World Energy Corp.

June 18, 2010 17:29 ET

TG World Announces Results of Annual Meeting

CALGARY, ALBERTA--(Marketwire - June 18, 2010) - TG World Energy Corp. (TSX VENTURE:TGE) ("TG World" or the "Company") announces that shareholders approved all of the resolutions brought before them at the Annual Meeting of Shareholders held on June 17, 2010.

The following directors were duly re-elected at the meeting: Clifford M. James, Wayne G. Thomson, Gordon J. Hoy and David Moscovitz. In addition, Mike Ames was elected to the TG World Board of Directors. 

Since 2003, Mike Ames has served as the Vice President of Exploration for Cirrus Energy Corp., a public company trading on the TSX Venture Exchange. Prior to this, he served as the Vice President of Exploration for Koch Petroleum Canada between 2000 and 2003 and was a Director of Koch Pipelines Canada Ltd. for 2001 and 2002. Mr. Ames has 28 years of experience in the domestic and international oil business.

Two prior members of the TG World Board of Directors, Edward W. Best and A. Lloyd Flood, did not stand for re-election this year. Dr. Best and Mr. Flood have provided years of service to TG World as directors and their wealth of experience and wisdom will be missed by all. TG World appreciates their past services and valuable contributions and wishes them the very best for the future. 

At the Meeting shareholders also approved ordinary resolutions respecting the Company's Share Option Plan and reappointing PriceWaterhouseCoopers LLP as the auditors of TG World.

For those who were not able to listen to the live webcast of the corporate presentation on the day of the event, an archive webcast has been made available for 60 days at:

TG World Energy

TG World is a Calgary-based, junior international oil and gas company with diversified exploration and development operations in the Philippines, Alaska and Niger.

TG World (BVI) Corp. (a wholly owned subsidiary of TG World) is partnered with operator Nido Petroleum Ltd., Kairiki Energy Ltd. and Trafigura Ventures III BV in a joint venture for Service Contract 54A ("SC 54A") in the North West Palawan Basin of the Philippines. 

TG World Energy Inc. (a wholly owned subsidiary of TG World) is partnered with operator Brooks Range Petroleum Corp., Alaska Venture Capital Group, Brooks Range Development Corp. and Ramshorn Investments Inc. in a joint venture that is pursuing oil and gas opportunities on the Central North Slope of Alaska.

TG World Petroleum Ltd. (a wholly-owned subsidiary of TG World) is partnered with operator CNPCIT, a unit of the China National Petroleum Company, in the Ténéré Block oil and gas concession in the Republic of Niger, Africa.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release and the TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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