TG World Provides Tindalo and SC 54A Operations Update

TG World Energy Corp. (TSX VENTURE:TGE) ("TG World" or the "Company") announces
that project partner and operator of Service Contract 54A ("SC 54A") in the
Philippines, Nido Petroleum Ltd. ("Nido"), has provided the following update.


"Since the last operations update on 6 January 2011, the Tindalo well has been
plugged and abandoned without significant incident and the Aquamarine Driller
has relocated to nearby Ulugan Bay where the production and other equipment are
being decommissioned and demobilized from sheltered waters. All equipment
currently on hire for the project are being demobilized and the Joint Venture's
crude marketer is arranging a direct sale and delivery of the remaining oil
inventory (approximately 75,000 barrels).


The SC 54A Joint Venture has decided not to pursue the Yakal development at this
time. A review of the Tindalo Project results that incorporate the sub-surface,
and operational aspects of the project is considered essential prior to any
further development activities in the shallow water.


Commenting on these recent developments, Nido President and CEO, Jocot de Dios,
said: 'There are many lessons to be learned from the Tindalo extended well test
which need to be thoroughly analysed and considered in order that these may be
applied to the other inboard opportunities in SC 54A, of which there remain
many.'"


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). 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.