Tanganyika Oil Company Ltd.

Tanganyika Oil Company Ltd.

April 25, 2008 16:30 ET

Tanganyika Annual and Special Meeting Results

CALGARY, ALBERTA--(Marketwire - April 25, 2008) - Tanganyika Oil Company Ltd. ("Tanganyika" or the "Company") (TSX VENTURE:TYK)(OMX:TYKS) is pleased to announce the results of its Annual and Special Meeting held on April 24, 2008. At this meeting, shareholders re-elected the incumbent directors, being Lukas Lundin, Gary Guidry, Bryan Benitz, John Craig, Hakan Ehrenblad, Keith Hill and William Rand, and reappointed PricewaterhouseCoopers LLP as auditors of the Company. Shareholders also approved the establishment of the 2008 Stock Option Plan which will replace the current stock option plan. The 2008 Stock Option Plan, as described in the Company's Information Circular dated March 18, 2008, is in the form of a rolling stock option plan reserving an aggregate of 10% of the issued and outstanding shares of the Company for issuance upon the exercise of options granted pursuant to the Plan.

Tanganyika Oil Company Ltd. is a Canadian oil and gas company with production and exploration assets in Syria. Its shares are traded on the TSX Venture Exchange under the symbol TYK and its Swedish Depository Receipts trade on the OMX Nordic Exchange under the symbol "TYKS".

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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