Energy SpA — Capital/Financing Update 2014

Jul 2, 2014

NEWS RELEASE - BONDHOLDER SUMMONS ISSUED

NEWS RELEASE - BONDHOLDER SUMMONS ISSUED

Calgary, Canada: - Transeuro Energy Corp.

("Transeuro" or the "Company") announces that the

Company has, through the Nordic Trustee issued a

summons to bondholders holding the Senior Secured

Convertible Bond Issue 2012/2015. The summons

includes a standstill proposal that allows the

Company time to conclude specific transactions

related to the Company's assets and to receive

payment from these transactions. The funds received

should allow the Company to make the interest payment

on the bond that was due on 22nd May 2014 and other

payments required to resume share trading on the TSX-

V and OSE. Confidentiality terms associated with the

specific transactions prevent the Company from

announcing any additional information at this time.

The bondholder meeting will be scheduled for 16th

July 2014.

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

property located in British Columbia, Canada, has

interest in gas exploration and appraisal

developments in Crimea, Ukraine and has an oilfield

redevelopment project in Jordan.

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.