Transeuro Energy Corp.

Transeuro Energy Corp.

December 02, 2008 00:15 ET

Transeuro Energy Corp.: Change of President

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 2, 2008) - Transeuro Energy Corp. ("Transeuro" or the "Company") (TSX VENTURE:TSU)(OSLO:TSU) announces a change of President and CEO.

Mr. David Worrall, who currently holds the position as Chief Operating Officer of Transeuro, has been appointed the new Chief Executive Officer ("CEO") and President of the Company. Mr. Hal Hemmerich, the Company's former Chief Executive Officer, will continue with the Company as its Chairman of the Board of Directors.

Mr. Worrall has over 17 years of Petroleum Engineering experience across the industry in large and small E&P companies and throughout Europe, the Middle East and the FSU. He started in the industry with Mobil UK in 1991 after graduating with a first class Masters in Chemical Engineering from Nottingham University. In 1996 he moved to the Middle East with Bunduq Oil Company in Abu Dhabi and from 1998 he worked as a consultant for various operators across the Middle East and the FSU region. Mr. Worrall began working on the Transeuro assets in 2005 and has held the position of Transeuro's Chief Operating Officer since August 2006. His broad experience includes a strong technical knowledge of oil and gas reservoirs and operating practices, and the industry environment across Europe, the Middle East and the FSU. Over the past year he has been responsible for more of the commercial and capital market functions within Transeuro.

The Board of Directors are very pleased that Mr. Worrall has accepted the position as CEO/President and that Mr. Hemmerich continues as Chairman of the Board. We believe this will make the company stronger and better focused on our way ahead. The Board of Directors wishes to thank Mr. Hemmerich for his work done as CEO/President of the company.

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, Armenia, Ukraine and, through majority ownership in Eaglewood Energy Inc., in Papua New Guinea.

On behalf of the Board of Directors

David Parry, Director

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.

Contact Information