Tanganyika Oil Company Ltd.

Tanganyika Oil Company Ltd.

June 19, 2008 09:30 ET

Tanganyika Announces Conditional Approval of Graduation to the Toronto Stock Exchange

CALGARY, ALBERTA--(Marketwire - June 19, 2008) - Tanganyika Oil Company Ltd. ("Tanganyika" or the "Company") (TSX VENTURE:TYK)(OMX:TYKS) is pleased to announce that it has received conditional approval from the Toronto Stock Exchange ("TSX") on its application for graduation from the TSX Venture Exchange ("TSXV") to the TSX. The Company is currently in the process of forwarding documentation to satisfy remaining requirements of the TSX. Tanganyika's common shares will be delisted from the TSXV concurrent with the commencement of trading on the TSX.

Gary Guidry, President and CEO commented, "Tanganyika's graduation to Canada's senior exchange is reflective of the Company's reserves and production growth over the last few years. Our listing on the TSXV has been very successful, and we anticipate further success on the TSX as our growth continues. We believe that graduation to a TSX listing will help us to raise our profile, provide greater liquidity in our stock and expose the Company to a wider investment audience."

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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