TG World Energy Corp. Corporate Update

TG World Energy Corp. (TSX VENTURE:TGE) ("TG World" or the "Company") announces
that it has entered into an unsecured loan arrangement (the "Loan") with TVI
Pacific Inc. ("TVI") for US$500,000. The full amount of the Loan will be
advanced immediately to TG World and will be used to fund obligations in the
Philippines. The Loan carries an interest rate of 15% and matures on March 14,
2011. 


As previously announced, TG World Energy Corp. and TVI Pacific Inc. have entered
into an Arrangement Agreement whereby holders of TG World shares will receive
0.458 of a common share of TVI for each TG World share held. The Arrangement is
subject to approval of TG World shareholders at a meeting to be held on March 4,
2011.


Corporate Profile

TG World is a Calgary-based, junior international oil and gas company with
exploration, development and production operations in the Philippines, Alaska
and Niger. 


TG World (BVI) Corp. (a wholly-owned subsidiary of TG World) is partnered with
operator Nido Petroleum Ltd., Kairiki Energy Ltd. and Trafigura Ventures III BV
in a joint venture for Service Contract 54A in the North West Palawan Basin of
the Philippines. 


TG World Energy Inc. (a wholly-owned subsidiary of TG World) is partnered with
operator Brooks Range Petroleum Corp., Alaska Venture Capital Group, Brooks
Range Development Corp. and Ramshorn Investments Inc. in a joint venture that is
pursuing oil and gas opportunities on the Central North Slope of Alaska. 


TG World Petroleum Ltd. (a wholly-owned subsidiary of TG World) is partnered
with operator CNPCIT, a unit of the China National Petroleum Company, in the
Tenere Block oil and gas concession in the Republic of Niger, Africa. 


Certain information set out in this News Release constitutes forward-looking
information. Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "plan", "continue", "estimate",
"expect", "may", "will", "intend", "could", "might", "should", "believe" and
similar expressions. Forward-looking statements are based upon the opinions and
expectations of management of the Company as at the effective date of such
statements and, in some cases, information supplied by third parties. Although
the Company believes that the expectations reflected in such forward-looking
statements are based upon reasonable assumptions and that information received
from third parties is reliable, it can give no assurance that those expectations
will prove to have been correct. Forward-looking statements are subject to
certain risks and uncertainties that could cause actual events or outcomes to
differ materially from those anticipated or implied by such forward-looking
statements. These factors include, but are not limited to, such things as
general economic conditions in Canada, the United States, Niger, the Philippines
and elsewhere, the volatility of prices for oil and gas and other commodities,
commodity supply and demand, fluctuations in currency and interest rates,
inherent risks associated with the exploration of oil and gas properties
(including mechanical problems), ultimate recoverability of reserves,
production, timing, results and costs of exploration and development activities,
political or civil unrest, availability of financial resources or third-party
financing, availability of equipment and personnel, and new laws and regulations
(domestic and foreign). Forward-looking statements concerning the proposed
acquisition of TG World by TVI are based upon the terms of the January 16, 2010,
Amended and Restated Arrangement Agreement entered into between TG World and TVI
and that all necessary shareholder, court and regulatory approvals required in
connection with the proposed arrangement are obtained on terms satisfactory to
TVI and TG World.


Forward-looking statements concerning share exchange ratios associated with the
proposed arrangement are based upon the terms of the January 16, 2010, Amended
and Restated Arrangement Agreement entered into between TG World and TVI
Pacific. Forward-looking statements respecting the nature and timing of
de-mobilization activities in the Philippines are based on the discussions
carried out to date with Nido Petroleum Limited, the current budget and plans of
the joint venture partners and the current budget, exploration plans and overall
strategy in the Philippines (which are all subject to change). Accordingly,
readers should not place undue reliance upon the forward-looking statements
contained in this News Release and such forward-looking statements should not be
interpreted or regarded as guarantees of future outcomes. Forward-looking
statements of TG World contained in this News Release are expressly qualified,
in their entirety, by this cautionary statement. Additional information relating
to various risk factors to which TG World is exposed in the conduct of its
business (and which may affect the expectations or outcomes reflected in the
forward-looking statements contained in this News Release) are described in
publicly available documents filed by TG World with certain securities
regulatory authorities in Canada, which are available through SEDAR at
www.SEDAR.com.