TransGlobe Energy Corporation announced its 2012 year-end reserves. The Company's 2012 and 2011 year-end reserves were prepared by the independent reserves evaluation firm of DeGolyer and MacNaughton Canada Limited (DeGolyer), in accordance with National Instrument 51-101.

RESERVES

The following is a summary of DeGolyer's evaluation for the year ended December 31, 2012 with comparatives to the year ended December 31, 2011. The recovery and reserve estimates of crude oil, natural gas liquids (NGLs) and natural gas reserves provided in this news release are estimates only, and there is no guarantee that the estimated reserves will be recovered. Actual crude oil, NGL and natural gas reserves may be greater than, or less than, the estimates provided herein. All reserves presented are based on DeGolyer's forecast pricing, effective December 31, 2012 and December 31, 2011, respectively.

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