Transeuro Energy Corp.

Transeuro Energy Corp.

August 01, 2008 09:30 ET

Transeuro Appoints New Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 1, 2008) - Mr. Hal Hemmerich, President and Chief Executive Officer of Transeuro Energy Corp. ("Transeuro" or the "Company") (TSX VENTURE:TSU)(OSLO:TSU) is pleased to announce the appointment of Mr. A. Pedro Paulo to the Board of Directors effective immediately.

Mr. Paulo has over 24 years experience in the oil and gas industry, most notably as the President of Chevron Overseas Petroleum Brasil Ltda. based in Rio de Janeiro. Mr. Paulo has been with Chevron Corporation through its various subsidiaries since 1987. He has worked with Chevron subsidiaries in Angola (Cabinda Gulf Oil Company - Director for Financial Government Affairs), Saudi Arabia (Arabian Chevron Inc. - President) and London (Chevron International Oil Company - Coordinator External Affairs/Business Development - Senior Coordinator, West Africa Oil and Products).

Mr. Paulo's outside activities and accomplishments include, full member of the Institute of Internal Auditors - United Kingdom, former member of the Board of the Brazilian Petroleum Institute (IBP), former Vice President of the Brazilian Association for the Infrastructure Development (ABDIB) and former director of The American Chamber of Commerce - Brazil.

Mr. Hal Hemmerich commented, "We welcome Pedro to the Transeuro Board. Mr. Paulo's solid business background and skills will be a valuable addition to the Transeuro Board of Directors."

The Company has granted 200,000 stock options to Mr. Paulo at an exercise price of $0.42 valid for a period of five years form the date of grant. The stock options are subject to regulatory approval.

Transeuro Energy Corp. is involved in the acquisition of petroleum and natural gas rights, the exploration for, and development and production of crude oil, condensate and natural gas. The Company's properties are located in Canada, Ukraine and Armenia, and through majority ownership in Eaglewood Energy Inc, in Papua New Guinea.

On behalf of the Board of Directors

Harold Hemmerich, President and CEO

This press release does not constitute an offer to sell or solicitation of an offer to sell any of the securities in the United States.

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.

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

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