TransAmerican Hires MGI Securities to Evaluate Potential South American Assets Acquisitions, Financing Needs and Strategic Devel

  TransAmerican Energy Inc. (TSX VENTURE: TAE)(FRANKFURT: YQJ) is pleased to announce that it has entered into an Advisory Agreement with MGI Securities to advise the Board of Directors on different topics including but not limited to the potential acquisitions of oil and gas assets in South America, the strategic development plan of the company and the means and the way to acquire the financial resources to execute any acquisition and objectives contained in such strategic development plan. There can be no assurances that any transaction will occur or, if one is undertaken, any certainty with regard to its terms or timing.

About MGI Securities

MGI Securities is an established Canadian full-service investment firm that provides a comprehensive range of specialized services for institutional investors and professional private wealth management solutions for individual investors.

Established in 2000, MGI Securities is a subsidiary of Jovian Capital Corporation, a public company listed on the Toronto Stock Exchange (JOV). MGI Securities is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). MGI Securities is a participating organization in the Toronto Stock Exchange, the TSX Venture Exchange and The Canadian Trading and Quotation System Inc. (CNQ) through their PURE Trading Facility, Alpha Trading Systems, Omega ATS and Chi-X Canada.

ON BEHALF OF THE BOARD

Ron Hughes, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: TransAmerican Energy Inc. Ron Hughes President [phone] [phone] (FAX)