TG World Energy Corp. (TSX-V:TGE) (“TG World” or the “Company”) is pleased to provide an update on the Alaska Central North Slope winter 2008 exploration program, which is being carried out by the project operator Brooks Range Petroleum Corporation (“BRPC” or the “Operator”).

BRPC has informed the joint venture (“JV”) participants, TG World Energy Inc., Bow Valley Alaska Corporation and Ramshorn Investments Inc., that contracted rig Nabors’ 27E spud the second well of the 2008 season, Tofkat #1, on February 12.

Tofkat #1, located within the JV’s Titania prospect area, is situated just east of the Native village of Nuiqsut along the east side of the Colville River. Kuparuk sandstones are the reservoir target for this well, which are also productive in the Nanuq oil field located 5kms to the north-west. Under the terms of the JV, TG World will, by paying 35.7% of the well costs, earn a 25% working interest in the complete Titania prospect area.

After the completion of the Tofkat #1 well, dependant on results, BRPC plans to either drill a sidetrack to Tofkat #1 or will move Rig 27E north-east to drill a second well in the Gwydyr Bay prospect area called North Shore #3.

Corporate Profile

TG World is a Calgary-based, junior international oil and gas exploration company. On March 18, 2006, TG World Energy Inc., a wholly-owned subsidiary of TG World, entered into a major exploration project through the formation of a joint venture with Brooks Range Petroleum Corporation. The BRPC / TG World Joint Venture was formed as an exploration strategic alliance covering a large area of mutual interest on the Alaskan Central North Slope. The Company’s indirect interest in the Alaska Joint Venture includes a 25 – 35% working interest in approximately 340,000 gross acres of lease lands and an Area of Mutual Interest under which additional lands may be acquired. Current plans for the upcoming 2007/08 winter drilling season include testing the North Shore #1 well, drilling the Tofkat #1 exploration well, acquiring up to 200 square miles of new 3-D seismic data and drilling up to two additional exploration wells.

Through a wholly-owned subsidiary, TG World holds a 20% carried interest in the Ténéré Block, an oil and gas concession in the Republic of Niger, Africa, measuring 71,155 square kilometres (17.3 million acres). The Ténéré Block contains the northern half of the Termit - Ténéré Rift. The southern half is adjacent to the Agadem Block, where six oil discoveries and one gas discovery have been announced. CNPCIT, a unit of CNPC, holds the other 80% of the Ténéré concession and acts as operator of the project. The first two wells to test the Ténéré Block, Saha-1 and Fachi West-1 (drilled earlier in 2007), were dry holes. The third exploration well, named Facai-1, is expected to be spud in May 2008.

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Further Information: Clifford M. James, President and CEO (403) 265-4506
Paul Moon, Director, Corporate Communications (403) 265-4506

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release and the TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

2000, 736 – 6 Avenue S.W. Calgary, Alberta T2P 3T7 Tel: (403) 265-4506 Fax: (403) 264-7028

Website: http://www.tgworldenergy.com
E-mail: info@tgworldenergy.com