Vancouver, British Columbia--(Newsfile Corp. - October 4, 2017) - TransAmerican Energy Inc. (TSXV: TAE.H) (FSE: YQJ) (the "Company") announces that further to its news release dated July 28, 2017, the Company has signed a settlement agreement with the Government of Quebec for $305,694 regarding the subtraction of the Territory of Anticosti Island from oil and gas exploration.
In accordance with the agreement, the Company has agreed to the cessation of the hydrocarbon exploration work on the territory contemplated by its exploration permit.
ON BEHALF OF THE BOARD
SIGNED: "Richard Barnett"
Richard Barnett, Director
Contact Richard Barnett: (604) 336-8617 ext 308
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