Transeuro Energy Corp.

Transeuro Energy Corp.

February 24, 2009 00:15 ET

Transeuro Energy Corp.: Warrant Re-pricing Completed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 24, 2009) - Transeuro Energy Corp. ("Transeuro" or the "Company") (TSX VENTURE:TSU)(OSLO:TSU) announces that it has received approval from the TSX Venture Exchange ("TSX") for the re-pricing of previously issued warrants.

Under the re-pricing of the previously issued warrants a total of 7,500,000 warrants have been re-priced from NOK 3.40 to NOK 1.70 (approximately $0.60 to $0.30), 21,000,000 warrants have been re-priced from $0.20 to $0.10 and 16,000,000 warrants have been re-priced from $0.25 to $0.125.

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

On behalf of the Board of Directors

David Worrall, CEO and President

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. 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.

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