Energy SpA — M&A Activity 2014

Mar 10, 2014

NEWS RELEASE - UPDATE ON POTENTIAL ACQUISITION

NEWS RELEASE - UPDATE ON POTENTIAL ACQUISITION

Calgary, Canada: - Transeuro Energy Corp.

("Transeuro" or the "Company") announces an update to

the Company Strategic Update statement of 28th

February 2014 regarding the non-binding Heads of

Agreement ("HoA") to acquire an oil and gas company

with stable existing production revenue plus a solid

appraisal and exploration portfolio.

The Company announces that initial negotiations

regarding the structure of the transaction have not

been successful, among other things, the pre-sounding

for the required equity financing did not result in

the comfort required and the HoA expired on March 7th.

The parties are in discussions to amend the terms of

the expired HoA and to revise the structure and terms

of the contemplated acquisition. If such discussions

leads to agreement, the parties foresee entering in

to a revised non-binding heads of agreement and with

the required comfort on the financing, the parties

may enter into binding transaction agreements which

will be subject to certain conditions precedents and

other required regulatory approvals. The Company will

provide additional information about the potential

transaction as appropriate.

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.