TransGlobe Energy Corporation Announces Resignation of Director

FOR: TransGlobe Energy Corporation 
MARCH 12, 2014 
TransGlobe Energy Corporation Announces Resignation of Director 
CALGARY, ALBERTA--(Marketwired - March 12, 2014) - TransGlobe Energy
Corporation (TSX:TGL)(NASDAQ:TGA) ("TransGlobe") announces that Gary
Guidry has resigned from the board of directors of TransGlobe effective March
11, 2014.  
Mr. Guidry has tendered his resignation due to time commitments. The Company is
in advanced discussions with several candidates to replace Mr. Guidry and
expects to make an announcement shortly. 
Mr. Jennings, Chairman of the Board commented "on behalf of the Board we
would like to thank Gary Guidry for all his contributions to the Board over the
past 5 years". 
TransGlobe Energy Corporation is a Calgary-based, growth-oriented oil and gas
exploration and development company focused on the Middle East/North Africa
region with production operations in the Arab Republic of Egypt and the
Republic of Yemen. TransGlobe's common shares trade on the Toronto Stock
Exchange under the symbol TGL and on the NASDAQ Exchange under the symbol TGA.
TransGlobe's convertible debentures trade on the Toronto Stock Exchange
under the symbol TGL.DB. 
Cautionary Statement to Investors: 
This news release may include certain statements that may be deemed to be
"forward-looking statements" within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Such statements relate to possible
future events. All statements other than statements of historical fact may be
forward-looking statements. Forward-looking statements are often, but not
always, identified by the use of words such as "seek",
"anticipate", "plan", "continue",
"estimate", "expect", "may", "will",
"project", "predict", "potential",
"targeting", "intend", "could",
"might", "should", "believe" and similar
expressions. These statements involve known and unknown risks, uncertainties
and other factors that may cause actual results or events to differ materially
from those anticipated in such forward-looking statements. Although
TransGlobe's forward-looking statements are based on the beliefs,
expectations, opinions and assumptions of the Company's management on the
date the statements are made, such statements are inherently uncertain and
provide no guarantee of future performance. In particular, this press release
contains forward-looking statements regarding the Company's appraisal,
development and evaluation plans and the focus of the Company's
exploration budget. In addition, information and statements relating to
"resources" are deemed to be forward-looking information and
statements, as they involve the implied assessment, based on certain estimates
and assumptions, that the resources described exist in the quantities predicted
or estimated, and that the resources described can be profitably produced in
the future. 
Actual results may differ materially from TransGlobe's expectations as
reflected in such forward-looking statements as a result of various factors,
many of which are beyond the control of the Company. These factors include, but
are not limited to, unforeseen changes in the rate of production from
TransGlobe's oil and gas properties, changes in price of crude oil and
natural gas, adverse technical factors associated with exploration,
development, production or transportation of TransGlobe's crude oil and
natural gas reserves, changes or disruptions in the political or fiscal regimes
in TransGlobe's areas of activity, changes in tax, energy or other laws or
regulations, changes in significant capital expenditures, delays or disruptions
in production due to shortages of skilled manpower, equipment or materials,
economic fluctuations, and other factors beyond the Company's control.
With respect to forward-looking statements contained in this press release,
assumptions have been made regarding, among other things: the Company's
ability to obtain qualified staff and equipment in a timely and cost-efficient
manner; the regulatory framework governing royalties, taxes and environmental
matters in the jurisdictions in which the Company conducts and will conduct its
business; future capital expenditures to be made by the Company; future sources
of funding for the Company's capital programs; geological and engineering
estimates in respect of the Company's reserves and resources; and the
geography of the areas in which the Company is conducting exploration and
development activities. TransGlobe does not assume any obligation to update
forward-looking statements if circumstances or management's beliefs,
expectations or opinions should change, other than as required by law, and
investors should not attribute undue certainty to, or place undue reliance on,
any forward-looking statements. Please consult TransGlobe's public filings
at and for further, more detailed
information concerning these matters, including additional risks related to
TransGlobe's business.  
TransGlobe Energy Corporation
Steve Langmaid
Investor Relations
(403) 444-4787 
INDUSTRY:  Energy and Utilities - Oil and Gas  
-0- Mar/12/2014 11:00 GMT
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