Energy SpA - Capital/Financing Update 2014

NEWS RELEASE - CONVERTIBLE BOND CONVERSION

Calgary, Canada: - Transeuro Energy Corp.

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

of 4,117,647 common shares have been issued in

conjunction with the conversion of NOK 3.5 million of

the Company's outstanding Senior Secured Convertible

Bond ("Bonds"). The Bonds were converted at the

conversion rate of NOK 0.85 as defined in the Bond

agreement and the shares issued are free trading. The

Company now has NOK 43.5 million (approximately CAD

$8.0 million) outstanding.

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, has interest in gas exploration and appraisal

developments in Crimea, Ukraine and 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.

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