Energy SpA — Share Issue/Capital Change 2014

Mar 28, 2014

NEWS RELEASE - SHARE PURCHASE AGREEMENT DRAWDOWN

NEWS RELEASE - SHARE PURCHASE AGREEMENT DRAWDOWN

Calgary, Canada: - Transeuro Energy Corp.

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

Company has executed a further drawdown of the Share

Purchase Agreement (the "SPA") with YA Global Master

SPV Ltd ("Yorkville"). The Company has issued

12,400,000 shares ( the "Drawdown") to Yorkville at a

deemed price of CAD 0.05, valued at approximately NOK

3,317,200. Shares are issued to Yorkville pursuant to

Canadian prospectus exemptions and are subject to a

four month hold period before the shares can be sold

into the market.

The proceeds received from Yorkville will be used to

fulfill all repayments of principal and interest

under the revised Loan Agreement with Yorkville dated

May 2012.

The Company will expect to issue further shares to

Yorkville on an 'as needed' basis and according to

the terms of the revised SPA so as to support

development of its existing assets and implement its

strategic plan. Project specific financing and other

funding activities will also be pursed as requried.

Seperate announcements will be made for all

subsequent share issuances under the SPA.

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, CFO, +1 403 705 1919

http://www.transeuroenergy.com

Yorkville Advisors LLC Brian Kinane

+44 (0) 207 451 0009

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.

This press release contains "forward-looking

information" which may include, but is not limited

to, statements with respect to our operations, the

use of funds drawn down under the SPA, the sale by

Yorkville of the Implementation Shares after four

months and the expectation of the Company to issue

further shares to Yorkville on an as-needed basis

pursuant to the terms of the SPA,. Such forward-

looking statements reflect our current views with

respect to future events and are subject to certain

risks, uncertainties and assumptions, including the

future trading price and volume of the Company's

shares . See our Annual Information Form for a

description of risks and uncertainties relevant to

our business, including our exploration and

development activities.