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Re:   News Releases - Thursday, March 28, 2013
      NEWS RELEASE -- POVOROTNOYE FINANCING
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Calgary, Canada: - Transeuro Energy Corp. ("Transeuro" or the
"Company") announces the news released by Aleator Energy Ltd, "Aleator"
(ASX:AWD) regarding signing a binding term sheet for funding of US$20
million to support the drilling obligations under the previously
announced farm in on the Povorotnoye gas field in Crimea, Ukraine.
Transeuro has retained a 10.8% interest in the Joint Activity Agreement
to develop the Povorontoye gas field.  Pursuant to the terms of the
farm in agreement, the Company will receive USD$500,000 upon spudding
of the POV 105 well.

The following is an extract from the Aleator announcement on 27th March
2013 and the full text can be viewed at:
http://www.asx.com.au/asxpdf/20130327/pdf/42dxqcdl06f79y.pdf 

"....Aleator Energy Ltd has signed a binding term sheet with financier,
Gres Holdings Ltd ("The Facilitator") on 26 March 2013 for a funding
amount of US$20m. Under the agreement the Facilitator will provide a
cash backed Bank Guarantee from a "AA rated" major bank to secure the
loan funds to a subsidiary of the Company. The funds will be used to
drill the much anticipated Pov 105 well in the highly prospective
Povorotnoye gas and condensate field in Crimea, Ukraine. The Company
will also allocate part of the funds for the provision of a pipeline
and plant to process and deliver anticipated gas and condensate when
the well is completed and prepared for production.......... Final
Agreements are currently being prepared and are planned to be signed in
April with the funds available approximately 20 days later.... ....
....Meanwhile, the Company has used the time taken to arrange funding to
consolidate infrastructure in Ukraine such as warehouse and
administrative facilities in readiness for the drilling of the POV-105
well.  Construction of the access road, drill pad, and cellar has been
completed and work has also continued in taking delivery into Aleator's
warehouse of long lead items such as drill pipe, well casing, well
heads, chemicals and other critical hardware."

The agreement includes a number of Conditions Precedent that need to be
satisfied before the loan can be finalized.

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, CFO, +1 403 705 1919
     http://www.transeuroenergy.com

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.
..

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Copyright (c) 2013 TRANSEURO ENERGY CORP. (TSU)  All rights reserved.
For more information visit our website at
http://www.transeuroenergy.com/ or send mailto:info@transeuroenergy.com
Message sent on Tue Apr 2, 2013 at 6:20:28 AM Pacific Time
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