TransEuro Year-End Financials Update

TRANSEURO ENERGY CORP.
500 – 900 West Hastings Street
Vancouver, B.C. V6C 1E5
NEWS RELEASE

YEAR-END FINANCIALS UPDATE

May 13, 2009 TSX-V/Oslo Axess: TSU Vancouver, Canada: – Transeuro
Energy Corp. (`Transeuro’, or the `Company’) announced that the
Company’s external auditors, PricewaterhouseCoopers LLP, have
commenced with the year-end audit. The Company will work diligently in
completing its required filings with both the TSX Venture and Oslo
Axess stock exchanges. The year-end audit is expected to be completed
in three to four weeks.

Furthermore to previous release, the TSX Venture Exchange has approved
the sale of 2,857,140 escrowed shares of Eaglewood Energy Inc. held by
the Company.

Transeuro Energy Corp. 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’s
properties are located in Canada, Armenia and Ukraine.

On behalf of the Board of Directors
`David Worrall’ CEO

For further information contact:
David Parry
(604) 681 3939 Phone

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of the content of this news 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.

http://www.transeuroenergy.com