Transeuro Energy Corp.

Transeuro Energy Corp.

November 16, 2007 00:15 ET

Transeuro Closes US$15 Million Bond Issue

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 16, 2007) - Transeuro Energy Corp. ("Transeuro", or the "Company") (TSX VENTURE:TSU)(OSLO:TSU) is pleased to announce that it has closed its previously announced US$15 million bond financing. The Company has issued 150 bonds (the "Bonds") each with a face value of US$100,000. The Bonds will carry an interest rate of 12% per annum payable semi-annually in arrears and will mature in two years. As security, Norsk Tillitsmann ASA, the trustee for the Bond holders, has been granted a first priority pledge in the common shares of the Company's wholly-owned subsidiary, Mattson Holdings Ltd., which owns all of the Company's rights in the Beaver River Project located in northern British Columbia.

Each Bond holder has also received 50,000 common share purchase warrants (the "Warrants") exercisable into common shares of the Company at an exercise price of NOK3.40 (apprx. C$0.61) per common share. The Company has issued a total of 7,500,000 Warrants in connection with the Bond issue. The Warrants have been recorded in the Norwegian VPS and the Company will apply to have the Warrants listed for trading on the Oslo Axess. The Warrants will not be listed for trading on the TSX Venture Exchange.

The Bond Issue was arranged and placed by Pareto Securities ASA of Norway who will receive a cash commission in the amount of US$600,000.

The net proceeds of the financing will be used by the Company for general corporate purposes.

Transeuro Energy Corp. is involved in the acquisition of petroleum and natural gas rights and the exploration for, and development and production of crude oil, condensate and natural gas. The Company's properties are located in Canada, Armenia and Ukraine.

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 statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from the targeted results. The Company relies upon litigation protection for forward looking statements.

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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