NEWS RELEASE - UKRAINE RIG OPERATIONS COMPLETED

Calgary, Canada: - Transeuro Energy Corp.
("Transeuro" or the "Company") announces that in
Ukraine the rig operations have been completed on
schedule. The 8 packers and 5 'FracPorts' have been
successfully installed across the C12, C13, C14, C15
and C16 intervals from 3100-3500 meters in depth. 3½
inch tubing has been run and the Christmas tree re-
installed in preparation for the arrival of the frack
pumps and associated equipment. The rig will now be
dismantled in preparation for moving to the
Povorotnoye field in East Crimea to commence drilling
the first well after the recent farm out of the asset
to Honoratus Investments Ltd, a wholly owned
subsidiary of ASX listed Golden State Resources
Limited (ASX:GDN).

The Company has commenced the mobilization of
chemicals, proppant and equipment that will be
collected at a staging point in Romania prior to
import into Ukraine and actual fracking is
anticipated in early May. No further down hole
intervention is required before the pumping
operations. The intention is to create individual
hydraulic "propped" fractures in each of the 5
reservoir intervals, using 1000m3 of water and
placing a total of 300 tons of synthetic proppant
into the reservoirs. These reservoir intervals flowed
a cumulative stable rate of 16,000m3/day and
condensate during testing in 2011. Third party
independent report estimates Mean Gas in Place in
these horizons of the Karlavskoye field at 472 Bcf.


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, +1 403 705 1919
Karen Jenssen, IR, +47 91729787
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.

This press release contains "forward-looking
information" which may include, but is not limited
to, statements with respect to our operations. Such
forward-looking statements reflect our current views
with respect to future events and are subject to
certain risks, uncertainties and assumptions. See our
Annual Information Form for a description of risks
and uncertainties relevant to our business, including
our exploration and development activities. Test
production rates may vary from sustained production
rates when developing a well or a deposit. The
commerciality of any discovery can be affected by
many factors including product prices, operating
costs, capital costs, government take and sustained
production levels and ultimate recovery of
hydrocarbons. Hydrocarbon indications from drilling
or wireline log data do not necessarily mean that
mobile hydrocarbons are present in the formation or
can be produced.