APPLICATION FOR EXTENSION OF WARRANTS

Calgary, Canada: - Transeuro Energy Corp.
("Transeuro" or the "Company") announces it has made
an application to the TSX Venture Exchange
(the "Exchange") to extend the expiry date of
5,058,800 warrants issued to placees pursuant to a
financing of the Company which closed on January 13,
2011. The expiry date of the warrants was originally
April 13, 2012 and previously extended to October 13,
2012. The Company is applying to extend the expiry
date to April 13, 2013.

The exercise price of the warrants will remain at
$0.20, except for 104,720 warrants issued to insiders
of the Company which will remain at $0.50. Each
warrant, when exercised, will be exchangeable for one
common share of the Company. The warrant amendment
remains subject to the approval of the Exchange.

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, Transeuro IR, +1 403 705 1919

Karen Jenssen, Transeuro 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.