Tanganyika Oil Company Ltd.

Tanganyika Oil Company Ltd.

March 27, 2008 18:35 ET

Tanganyika Oil Corporate Update

CALGARY, ALBERTA--(Marketwire - March 27, 2008) - Tanganyika Oil Company Ltd. ("Tanganyika") (TSX VENTURE:TYK)(OMX:TYKS) reports that it has granted 200,000 incentive stock options to an officer of the Company. The options are exercisable, subject to vesting provisions, over a period of five years at a price of Cdn $16.97.

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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