Energy SpA — Delisting Announcement 2014

Oct 20, 2014

NEWS RELEASE - LISTING UPDATE AND ASSET DISPOSITION

NEWS RELEASE - LISTING UPDATE AND ASSET DISPOSITION

Calgary, Canada: - Transeuro Energy Corp.

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

received notification from the Oslo Bors ASA, that

the Company's outstanding shares will be delisted on

October 15, 2014. The Company has made a request to

the Oslo Bors ASA to have the shares available for

trading on the OTC market and has also made an appeal

to the decision.

In addition, as a result of the Company's inability

to meet the Tier 2 Continued Listing Requirements on

the TSX-V, the Company's shares will be transferred

to the NEX exchange. The Company's shares will be

listed as TSU.H and will continue to be halted from

trading until listing requirements are met.

The Company also announces that it has closed a

purchase and sale agreement to dispose of certain non-

producing assets to a senior oil and gas company

based in Calgary. Total gross proceeds will be

approximately CAD$3,000,000 subject to final closing

adjustments. The sale proceeds will be received in

two tranches, with the second tranche of

approximately CAD$850,000 payable after certain

conditions are met, including receipt of regulatory

approvals for the conversion of a well bore to a

water disposal well. Use of proceeds have been

restricted by required payments for deposit with the

BC Oil and Gas Commission for abandonment liabilities

and by the Standstill Agreement between the Company

and its Bondholders signed in July 2014.

The Company continues to wait for the Jordan

Parliamentary approval relating to the Hamza Field

operation now indicated to take place during the

upcoming Parliamentary session, which is scheduled to

begin in November. The Company has also commenced

corporate and field preparations to stand ready to

quickly initiate the Enhancement Program.

The Company continues to pursue a number of

activities to enable the Company to resume normal

business and to correct its required listing

requirements. The Board apologizes for not being

able to provide more information related to specifics

on time or content on current activities due to

confidentiality clauses in the ongoing advanced

negotiations. The Company will provide periodical

updates as soon as material and concrete events

unfold.

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, CFO & 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.