Transeuro Energy Corp.
TSX VENTURE : TSU

Transeuro Energy Corp.

March 21, 2007 01:10 ET

Transeuro Energy Corp.: Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 21, 2007) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

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 20th, the size of the Company's private placement has now been set at 76,421,700 Units for gross proceeds of approximately CDN$46 million (NOK 246 million). Pareto Securities ASA and DnB NOR Bank, the Company's Managers in Norway for the private placement, have advised the Company that they have orders for 76,421,700 Units. The Company anticipates closing the private placement by the end of the month.

"Closing this transaction quickly will allow the Company to accelerate it's exploration programs in Armenia and Papua New Guinea and advance it's development programs in Ukraine and Canada," stated Hal Hemmerich, the Company's President and Chief Executive Officer.

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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