Mr. Hal Hemmerich, President and Chief Executive Officer of Transeuro Energy Corp. appoints Mr. A. Pedro Paulo to the Board of Directors effective immediately.

Mr. Paulo has over 24 years experience in the oil and gas industry, most notably as the President of Chevron Overseas Petroleum Brasil Ltda. based in Rio de Janeiro. Mr. Paulo has been with Chevron Corporation through its various subsidiaries since 1987. He has worked with Chevron subsidiaries in Angola (Cabinda Gulf Oil Company -- Director for Financial Government Affairs), Saudi Arabia (Arabian Chevron Inc. - President) and London (Chevron International Oil Company -- Coordinator External Affairs/Business Development -- Senior Coordinator, West Africa Oil and Products).

Mr. Paulo's outside activities and accomplishments include, full member of the Institute of Internal Auditors -- United Kingdom, former member of the Board of the Brazilian Petroleum Institute (IBP), former Vice President of the Brazilian Association for the Infrastructure Development (ABDIB) and former director of The American Chamber of Commerce -- Brazil.

Mr. Hal Hemmerich commented, "We welcome Pedro to the Transeuro Board. Mr. Paulo's solid business background and skills will be a valuable addition to the Transeuro Board of Directors.

The Company has granted 200,000 stock options to Mr. Paulo at an exercise price of $0.42 valid for a period of five years form the date of grant. The stock options are subject to regulatory approval.

Tags: Transeuro Energy Corp.