TG World Provides Update on International Drilling Activities

TG World Energy Corp. (TSX VENTURE:TGE) ("TG World" or the "Company") is pleased
to provide the following update on its activities in Alaska, Niger and the
Philippines.




--  Drilling of the North Tarn oil prospect in Alaska to commence in early
    March 2011 
--  Drilling of the Facai-1 oil prospect in Niger, Africa to commence May
    2011 



In Alaska, the joint venture partners are progressing towards an early March
2011 spud date for the prospective North Tarn exploration well under the
guidance of operator, Brooks Range Petroleum Corporation ("BRPC"). BRPC has
secured a Nabors drilling rig that will be mobilized from Deadhorse, Alaska, to
the North Slope drilling location. Work will begin soon on the construction of
an ice road, with mobilization activities commencing in the last week of
February. The current schedule forecasts a nine day rig mobilization period to
site, followed by approximately nine days of drilling to reach the primary
reservoir objective in the Brookian sands. The well is designed to test an
exploration prospect mapped on 3-D seismic data that has two prospective
reservoir zones, both of which are productive in the adjacent Kuparuk Field
Unit. Total drilling depth is estimated at approximately 6,300 feet. The well is
being funded by the Alaska joint venture partners as a farm-in on ENI Petroleum
lands. TG Alaska will pay 35% of the well costs to earn 20% of the working
interest in the North Tarn prospect area. 


In Niger, TG World and its operator partner, China National Petroleum
Corporation ("CNPC") (CNPC International Tenere Limited), are progressing
towards a May 2011 spud date for the drilling of the Facai-1 exploration well in
the prospective Tenere Basin. Well site construction is underway and the
drilling rig is undergoing refurbishment before mobilization to the site. The
well will test a faulted anticline mapped from proprietary 2-D seismic data. The
primary reservoir objective is the Cretaceous-age Donga sandstones. It will take
an estimated 70 days to drill to the proposed 12,000 foot depth. TG World has a
20% working interest in the licence. The well is being drilled at no cost to TG
World as this is the last well in a three well exploration carry agreement
funded by CNPC.


Additional details regarding the prospects to be drilled in Alaska and Niger are
available on the TG World website at www.tgworldenergy.com. 


In the Philippines, the partners in Service Contract 54A ("SC 54A"), led by
operator Nido Petroleum Limited, expect to complete the previously announced
de-mobilization plan from the Tindalo well site by the end of February 2011.
This work includes the sale of approximately 75,000 barrels of crude oil
produced from the Tindalo. TG World holds a 12.5% interest in SC 54A. The
partners are in the process of analyzing operations over the past year, with the
intention of developing a new plan for returning to the SC 54A fairway. 


As previously announced, TG World Energy Corp. and TVI Pacific Inc. have entered
into a Plan of Arrangement whereby holders of TG World Energy Corp. shares will
receive 0.458 of a common share of TVI Pacific Inc. for each TG World Energy
Corp. share held. The Plan of Arrangement is subject to approval of TG World
Energy Corp. shareholders at a meeting to be held in early March 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 respecting the nature and
timing of mobilization and drilling activities in Alaska for the North Tarn
exploration well are based upon the results of prior exploration activities, the
status of discussions with the operator and other joint venture partners as to
the nature and extent of the Alaska exploration program, advice received from
the operator of the joint venture and the current budget, exploration plans and
overall strategy in Alaska (which are all subject to change).

Forward-looking statements respecting the nature and timing of mobilization and
drilling activities in the Tenere Block in Niger for the Facai-1 exploration
well are based on advice received from the operator, CNPC International Tenere
Limited, and the current budget, exploration plans and overall strategy for the
Tenere Block (which are all subject to change). Activities in Niger are also
subject to the security situation in various parts of the country, over which
neither the operator nor the Company has any control. 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.