TG World Energy Corp. (TSX-V:TGE) (“TG World” or the “Company”) announces that effective August 31, 2008, Mr. George Chelico has retired and is no longer acting as the Chief Financial Officer (”CFO”) of the Company. Mr. Chelico served as the CFO of TG World since March 14, 2007, and was involved with the Company prior to this date in varying capacities. TG World is currently seeking an individual to act as a full-time Controller to fulfill the Company’s financial reporting obligations.

“We are grateful for the efforts that Mr. Chelico put forth during his time with the Company”, stated Cliff James, TG World’s President and CEO. “We wish him all the best in his future endeavors as he prepares for a well-earned retirement.”

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 335,000 gross acres of lease lands and an Area of Mutual Interest under which additional lands may be acquired.

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.

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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