NEWS RELEASE - UKRAINE UPDATE

Calgary, Canada: - Transeuro Energy Corp.
("Transeuro" or the "Company") announces that it has
entered into negotiations with the government partner
and the Ukraine Government to ratify and amend the
Company's Joint Activity Agreement (JAA) related to
the Karlavskoye and Krasnapolianskoye Licenses. The
Krasnapolianskoye License expired on November 21,
2012 and the government partner is in the process of
renewing the license.

The current negotiations include discussions over the
construction of a Gas Treatment Plant (GTP) and tie-
in of wells on the Krasnapolianskoye license, the
objectives and well design for a well 'Karl-102' on
the Karlavskoye License and other commercial and
business terms. The parties have agreed to abandon
the Karl-101 well.


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

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.