TransAmerican Energy Inc.

TransAmerican Energy Inc.

November 13, 2008 17:14 ET

TransAmerican Reports on Re-Filing of Financials and MD&A

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 13, 2008) - TransAmerican Energy Inc. (TSX VENTURE:TAE)(FRANKFURT:YQJ) (the "Company" or "TransAmerican") reports that as a result of a review by the British Columbia Securities Commission, the Company is re-filing amended and restated Financial Statements and Management Discussion and Analyses (MD&A) for the interim periods ending July 31, 2007, October 31, 2007 and January 31, 2008, in addition to the MD&A for the year ending April 30, 2007.

The financial statements have been revised only to include disclosure of new accounting standards for CICA Handbook sections on Accounting Changes, Comprehensive Income, Financial Instruments and Hedges. No financial information was changed in the financial statements.

The MD&A's have been revised to provide expanded discussions relating to period-to-period variations, results of operations, summaries of quarterly results, liquidity and capital resources, related party transactions, changes in accounting policies, risks and subsequent events. There were no changes to the financial information disclosed in the MD&A's.

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Ronald Hughes, President

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

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