NEWS RELEASE TRANSMITTED BY Marketwire



FOR: TRANSGLOBE ENERGY CORPORATION

TSX SYMBOL:
 TGL
NASDAQ SYMBOL:
 TGA

TransGlobe Energy Corporation: Release Date of Year-End and Fourth Quarter 2008 Results and Conference Call

Mar 05, 2009 - 11 24 ET

CALGARY, ALBERTA--(Marketwire - March 5, 2009) - TransGlobe Energy Corporation ("TransGlobe") (TSX:TGL) (NASDAQ:TGA) will announce its year-end and fourth quarter 2008 financial and operating results on Thursday, March 12, 2009 prior to the opening of the stock markets. A conference call and web cast to discuss the results will be held the same day:

Time: 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time)

Dial-in: 1-416-641-6108 or toll free at 1-866-226-1792

Webcast: http://events.onlinebroadcasting.com/transglobe/031209/index.php

Shortly after the conclusion of the call, a replay will be available by dialing 1-416-695-5800 or toll free at 1-800-408-3053. The pass code is 3282282#.The replay will expire at midnight (Eastern) on March 19, 2009. Thereafter, a copy of the call can be accessed through a link on TransGlobe's Web site at www.trans-globe.com.

TransGlobe is a Calgary-based oil and gas producer with proved reserves and production operations in the Arab Republic of Egypt and the Republic of Yemen. TransGlobe owns working interests in more than 6.8 million acres across their operating regions. TransGlobe's common shares trade on the Toronto Stock Exchange under the symbol TGL and on the NASDAQ under the symbol TGA.


FOR FURTHER INFORMATION PLEASE CONTACT:

TransGlobe Energy Corporation
Anne-Marie Buchmuller
Manager, Investor Relations & Assistant Corporate Secretary
(403) 268-9868 or Cell: (403) 472-0053
Email: investor.relations@trans-globe.com
Website: www.trans-globe.com