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  • TransEuro Year-End Financials Update

    TRANSEURO ENERGY CORP.
    500 - 900 West Hastings Street
    Vancouver, B.C. V6C 1E5
    NEWS RELEASE

    YEAR-END FINANCIALS UPDATE

    May 13, 2009 TSX-V/Oslo Axess: TSU Vancouver, Canada: - Transeuro
    Energy Corp. (`Transeuro', or the `Company') announced that the
    Company's external auditors, PricewaterhouseCoopers LLP, have
    commenced with the year-end audit. The Company will work diligently in
    completing its required filings with both the TSX Venture and Oslo
    Axess stock exchanges. The year-end audit is expected to be completed
    in three to four weeks.

    Furthermore to previous release, the TSX Venture Exchange has approved
    the sale of 2,857,140 escrowed shares of Eaglewood Energy Inc. held by
    the Company.

    Transeuro Energy Corp. 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's
    properties are located in Canada, Armenia and Ukraine.

    On behalf of the Board of Directors
    `David Worrall' CEO

    For further information contact:
    David Parry
    (604) 681 3939 Phone

    http://www.transeuroenergy.com

    The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of the content of this news 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.
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