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News Release - Private Placement Fully Subscribed
     
Thank you for your continuing support of Transeuro and we wish you all a Happy New Year and a prosperous 2011.
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Vancouver, Canada: - Transeuro Energy Corp. ("Transeuro" or the
"Company") is pleased to announce that the company has received equity
subscription agreements in excess of CAD $2  million for the non
brokered private placement announced on December 23, 2010. 

Each unit will consist of a common share and a full warrant and the
Company anticipates issuing 23,529,412 units ("the Units") at a price
of CAD $0.085. Each warrant is exercisable for a period of 15 months
into a common share of the Company at an exercise price equal to CAD
$0.10. The proceeds will be used primarily for the Karl-101 well in
Crimea, Ukraine. This placement has received conditional approval from
the TSX Venture Exchange.  There will be no debt component for this
offering.

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's properties are located
in Canada, Armenia, and Ukraine.  In addition, the Company owns shares
in Eaglewood and holds a back-in option to their exploration licenses
in Papua New Guinea.

On behalf of the Board of Directors

Aage Thoen, Chairman

For further information contact:
  
     Chris McGillivray, IR, +1 604 728 0040
     David Parry, SVP, +1 604 681 3939
     Karen Jenssen, IR, +47 91 729787
     http://www.transeuroenergy.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) nor
the Oslo Bors 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.

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Copyright (c) 2010 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 Thu Dec 30, 2010 at 10:57:58 PM Pacific Time
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