Transeuro Energy Corp.

Transeuro Energy Corp.

March 20, 2007 00:15 ET

Transeuro Amends Terms of Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 20, 2007) -


Mr. Hal Hemmerich, President and Chief Executive Officer of Transeuro Energy Corp. (the "Company") (TSX VENTURE:TSU), announces that, further to its news release dated March 7, 2007, it has amended the terms of its private placement being conducted by Pareto Securities ASA and DnB Nor Markets. Instead of just common shares, as previously announced, the Company will now issue units (the "Units") at a price of CDN$0.61 per Unit. Each Unit will consist of one common share and one share purchase warrant, entitling the holder to acquire an additional common share at a purchase price of CDN$0.61 until December 31, 2007. All other terms of the private placement remain the same as previously announced.

The Company further announces that it proposes to sell approximately 1,500,000 Units in Canada to one investor.

The amended terms of the private placement remains subject to approval from the TSX Venture Exchange.

The Company will use the proceeds of the private placement for further exploration and advancement of its oil and natural gas properties in Canada, Armenia, Ukraine and Papua New Guinea and for general working capital.

On behalf of the Board of Directors

Harold Hemmerich, President and CEO

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 securities have not been and will not be registered under the United States Securities Act 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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