News Release - Convetible Bond Conversion

Calgary, Canada: - Transeuro Energy Corp. ("Transeuro" or the "Company") announces that a total of 15,294,116 common shares have been issued in conjunction with the conversion of NOK 13.0 million of the Company's outstanding Senior Secured Convertible Bond ("Bonds"). The Bonds were converted at the conversion rate of NOK 0.85 and the Company now has NOK 47 million (approximately CAD $8.2 million) outstanding. The shares issued in conjunction with the conversion of the Bonds are free trading.

ABOUT THE COMPANY

Transeuro is involved in the acquisition of petroleum and natural gas rights, the exploration for, and development and production of crude oil, condensate and natural gas. The Company owns 100% of a gas producing property located in British Columbia, Canada and has interest in gas exploration and appraisal developments in Crimea, Ukraine.

On behalf of the Board of Directors

Aage Thoen, Chairman

For further information contact: Darren Moulds, IR, [phone]

http://www.transeuroenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Oslo Axess accepts responsibility for the adequacy or accuracy of this release. The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from the targeted results. The Company relies upon litigation protection for forward looking statements.