Transeuro Energy Corp.

Transeuro Energy Corp.

May 13, 2009 00:15 ET

Transeuro Energy Corp.: Year-End Financials Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 13, 2009) - Transeuro Energy Corp. ("Transeuro", or the "Company") (TSX VENTURE:TSU)(OSLO:TSU) announced that the Company's external auditors, PricewaterhouseCoopers LLP, have commenced with the year-end audit. The Company will work diligently in completing its required filings with both the TSX Venture and Oslo Axess stock exchanges. The year-end audit is expected to be completed in three to four weeks.

Furthermore to previous release, the TSX Venture Exchange has approved the sale of 2,857,140 escrowed shares of Eaglewood Energy Inc. held by the Company.

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 and Ukraine.

On behalf of the Board of Directors

David Worrall, CEO

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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