TG World Alaska 2007/08 winter drilling program

TG World Energy Corp. announces details of the 2007/08 exploration plan for the North Central Slope of Alaska developed by the Company and the other Alaska Joint Venture participants, Brooks Range Petroleum (“BRPC”), Ramshorn Investments, Inc., and Bow Valley Alaska Corp. (collectively the “JV Participants”).

Nabors Rig 27-E has been secured for a 120 day winter drilling program and is expected to be mobilized once ice roads are opened by the State of Alaska - approximately January 1, 2008. The completion and testing of the North Shore #1 well, drilled during the 2006/07 winter season at the Gwydyr Bay prospect area, has been selected as the first operation in the winter schedule. The North Shore #1 well reached a final total vertical depth of 10,319 feet (13,309 feet measured depth) in the Ivishak formation and was cased as a potential oil producer. The North Shore #1 well bottomhole location is approximately 1,100 feet west of the 1974 Mobil Gwydyr Bay South #1 well, which was reported to have flowed at an average of 2,263 barrels of oil per day on production test from the Ivishak formation. TG World has a 35% working interest in the North Shore #1 well.

The Tofkat #1 exploration well, located within the Titania Prospect Area, is scheduled to be drilled after North Shore #1 well operations are completed. The Kuparuk sandstones are the reservoir target for this seismic-defined prospect; the Kuparuk is productive in the Nanuq field, located 5kms to the north-west. If Tofkat #1 is a discovery, the JV Participants may choose to drill a sidetrack well this winter season to help delineate the reservoir extent. Under the terms of the Joint Venture arrangements, the Company will, by paying 35.7% of the well costs, earn a 25% working interest in the complete Titania Prospect Area.

3-D seismic data acquired by the JV Participants in 2007 over the Gwydyr Bay Prospect Area has identified two small satellite prospects to North Shore #1 that can be reached from the North Shore #1 drilling pad. The first satellite prospect is expected to be drilled after Tofkat #1 well operations are completed. TG World has a 35% working interest in the satellite prospects. The first North Shore satellite, if successful, could be a catalyst for North Shore field development.