TG World Provides Tindalo and SC 54A Operations Update

CALGARY, ALBERTA -- (Marketwire - Jan. 6, 2011) - TG World Energy Corp. (TSX VENTURE:TGE) ("TG World" or the "Company") announces that project partner and operator of Service Contract 54A ("SC 54A") in the Philippines, Nido Petroleum Ltd. ("Nido"), has provided the following update on operations at Tindalo.

"Since the last operations update on 29 December 2010, Nido, along with its Joint Venture Partners has reached a decision to call off the jack up-rig Aquamarine Driller following the abandonment of the Tindalo well. This decision is without prejudice to the possible development of the Yakal field, which is an option currently being considered by the SC54A Joint Venture Partners. The Aquamarine Driller will be available for use by the SC 54A Joint Venture for a period of three (3) months from the call off date.

Commenting on the recent developments, Nido President and CEO, Jocot de Dios, said: 'While the Tindalo test results have been disappointing, the Joint Venture will continue to assess its shallow water opportunities within its inboard (SC 54A) portfolio.'"


Corporate Profile

TG World is a Calgary-based, junior international oil and gas company with exploration, development and production operations in the Philippines, Alaska and Niger.

TG World (BVI) Corp. (a wholly-owned subsidiary of TG World) is partnered with operator Nido Petroleum Ltd., Kairiki Energy Ltd. and Trafigura Ventures III BV in a joint venture for Service Contract 54A in the North West Palawan Basin of the Philippines.

TG World Energy Inc. (a wholly-owned subsidiary of TG World) is partnered with operator Brooks Range Petroleum Corp., Alaska Venture Capital Group, Brooks Range Development Corp. and Ramshorn Investments Inc. in a joint venture that is pursuing oil and gas opportunities on the Central North Slope of Alaska.

TG World Petroleum Ltd. (a wholly-owned subsidiary of TG World) is partnered with operator CNPCIT, a unit of the China National Petroleum Company, in the Ténéré Block oil and gas concession in the Republic of Niger, Africa.


Certain information set out in this News Release constitutes forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in some cases, information supplied by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and that information received from third parties is reliable, it can give no assurance that those expectations will prove to have been correct. Forward-looking statements are subject to certain risks and uncertainties that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. These factors include, but are not limited to, such things as general economic conditions in Canada, the United States, Niger, the Philippines and elsewhere, the volatility of prices for oil and gas and other commodities, commodity supply and demand, fluctuations in currency and interest rates, inherent risks associated with the exploration of oil and gas properties (including mechanical problems), ultimate recoverability of reserves, production, timing, results and costs of exploration and development activities, political or civil unrest, availability of financial resources or third-party financing, availability of equipment and personnel, and new laws and regulations (domestic and foreign). Forward-looking statements respecting the future use of the jack up-rig Aquamarine Driller are based on the discussions carried out to date with Nido and the current budget and plan of the Joint Venture Partners for exploration, development and production activities (which are all subject to change). Forward-looking statements respecting the development of the Yakal field are based on the discussions carried out to date with Nido, the results of prior and current exploration, development and production activities, technical information provided to TG World by Nido, and the current budget and plan of the Joint Venture Partners for exploration, development and production activities (which are all subject to change). Accordingly, readers should not place undue reliance upon the forward-looking statements contained in this News Release and such forward-looking statements should not be interpreted or regarded as guarantees of future outcomes. Forward-looking statements of TG World contained in this News Release are expressly qualified, in their entirety, by this cautionary statement. Additional information relating to various risk factors to which TG World is exposed in the conduct of its business (and which may affect the expectations or outcomes reflected in the forward-looking statements contained in this News Release) are described in publicly available documents filed by TG World with certain securities regulatory authorities in Canada, which are available through SEDAR at www.SEDAR.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contact

TG World Energy Corp.
Dean Callaway
CFO and Vice President, Finance
(403) 265-4506 or

TG World Energy Corp.
Ian McColl
Investor Relations Analyst
(403) 265-4506
info@tgworldenergy.com
www.tgworldenergy.com