Transco Resources Corp.

August 19, 2005 17:00 ET

Transco Corporate Update

CALGARY, ALBERTA--(CCNMatthews - Aug. 19, 2005) - Transco Resources Corp. (TSX VENTURE:TRN) ("Transco") wishes to announce that it has signed a binding agreement whereby it will dispose of the shares of its wholly owned subsidiary; Range Resources Ltd. Range Resources Ltd. held all the US based oil and gas properties of the Company. Total proceeds of $US 75,000 were received. The closing is subject to certain conditions including TSX-V approval. The company acknowledges that through the disposal of Range Resources Ltd. it may not meet its tier requirements with the TSX-V.

Transco is pleased to welcome Mr. Charles Selby to the board of directors. Mr. Selby was elected at the recent shareholders' meeting. The board of directors is currently comprised of: David Antony, Stu Laird, Trevor Wong-Chor and Mr. Selby. Mr Ian Neilson has resigned as a director of the company, effective immediately due to personal reasons.

Transco reports that it has filed its disclosure and reports relating to reserves data and other oil and gas information required pursuant to National Instrument 51-101 of the Canadian Securities Administrators for the year ended March 31, 2005. Copies of these documents may be obtained via

In addition, Transco will be granting 390,000 options for the purchase of common shares to directors, management, and key personal. The options willed priced based on the 10 day average trading price for the next 10 days.

Transco continues to evaluate international resource opportunities.

The above contains forward looking statements and the transactions proposed may not be completed as described, or at all. Trading in the securities of Transco should be considered highly speculative.

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

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