Transeuro Energy Corp.
TSX VENTURE : TSU

Transeuro Energy Corp.

July 20, 2005 09:30 ET

Transeuro Terminates Certain Debenture And Royalty Agreements

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 20, 2005) - Mr. Edward Farrauto, President and CEO of Transeuro Energy Corp. (the "Company", "Transeuro")(TSX VENTURE:TSU) reports the Company has issued an aggregate of 88,000 common shares in the capital of the Company pursuant to the termination of certain debenture and royalty agreements as announced in the press release dated June 8, 2005.

In September 2003, the Company entered into debenture agreements with two arm's length parties aggregating $135,965. The Company and the debenture holders have agreed to the early redemption of the debentures for an aggregate of $164,518 and 60,000 common shares.

In October 2003, the Company entered into royalty agreements with two arm's length parties, although one party, Kavala Holdings Ltd. is a company in which a controlling interest is held by a current director of the Company. The parties have agreed to terminate the royalty agreement for $128,957 and 28,000 common shares.

Further to the news release dated June 8, 2005, the Company is moving forward with the acquisition of all of the issued and outstanding shares of Mattson Holdings Ltd. The parties are working on the definitive share exchange agreement and obtaining shareholder and regulatory approval which includes the drafting of a comprehensive disclosure document on the business and properties held by the Company and Mattson.

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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