BELIZE OIL NEWS, MID NOVEMBER, 2011

Belize oil well
Treaty Energy Corporation Reports Results for Third Quarter and First Nine Months of 2011

Revenue for the First Nine Months of 2011 was $215,912, up from $1,570 Revenues in First Nine Months of 2010; Total Assets at September 30, 2011 were $2.37 Million, up 834% Over Total Assets of $254 Thousand at December 31, 2010; Additional Paid In Capital increased 1,325% to $7.51 Million at September 30, 2011, from $527 Thousand at December 31, 2010; Total Stockholders' Equity Increased by 174% to $888,947 at September 30, 2011, as Compared to a Negative $1,231,368 at December 31, 2010.

NEW ORLEANS, Nov 22, 2011 /PRNewswire/ -- Treaty Energy Corporation (OTCQB: TECO) (www.treatyenergy.com), a growth-oriented energy company in the oil and gas industry, today reported financial results for the third quarter and nine months ended September 30, 2011.

Revenue for the nine months ended September 30, 2011 increased to $215,912 from $1,570 revenues in the same period a year earlier. Revenues for the three months ended September 30, 2011 increased to $104,877 from $1,570 for the same period a year earlier. These revenues are from oil production and well drilling for independent oil companies.

Net loss for the third quarter of 2011 was $420,925, or nil per diluted share, a decrease from the Net loss of $482,871, or nil per diluted share, for the third quarter of 2010. Net loss for the first nine months of 2011 was $4,614,482, or $(0.01) per diluted share, an increase of $4,173,395, from a net loss of $441,087, or nil per diluted share, for the comparable period in 2010.

Shareholders' Equity made an impressive reversal to the upside, from a negative of $1,231,368 at December 31, 2010, to a positive Shareholders' Equity of 174% to $888,947 at September 30, 2011.

Other Financial Highlights:

* Total Assets increased to $2.372 million, an increase of 834% at September 30, 2011, from $254 thousand at December 31, 2010.
* Additional Paid In Capital rose to $7.51 million, an increase of 1,325% at September 30, 2011, from $527 thousand at December 31, 2010.
* Total Stockholders' Equity increased to a positive $888,947 at September 30, 2011, an improvement of $2,120,315 from the Company's negative net worth of $1,231,368 at December 31, 2010.
* Proved Producing Oil Reserves increased to $1.15 million at September 30, 2011 from none at December 31, 2010.
* In Texas the Company has secured a funding commitment of $700,000 to drill an additional 12 wells and has indicated that the achievable potential of its fifteen Texas leases is now believed to be in excess of 5,000 BPD.



Operational and Other Highlights:

* On November 15, 2011 Treaty Energy announced the appointment of Bruce Gwyn, a Director, to Co-CEO of the Company and Lee C. Schlesinger to Director, Executive Vice President and Chief Investment Officer.
* Treaty Energy has continued to acquire assets for its drilling company, Treaty Energy Drilling, LLC, which currently owns seven (7) drilling rigs, a significant step toward vertical integration of the Company.
* On September 14, 2011 representatives of the Board of Directors of the Treaty Charitable Trust, the philanthropic division of Treaty Energy Corporation, officially announced at a press conference at the Matalon Business Center in Belize City the establishment of the BELIZEAN NATIONAL LEADERSHIP FUND (BNLF).



"The third quarter of 2011 has continued to show progress as our Company moves ahead to start its initial drilling program this week in Belize," stated Andrew V. Reid, Chairman & Co-CEO of Treaty Energy Corporation. "Treaty Energy is moving ahead as an international oil & gas company with active drilling programs in Texas and Belize, and is anticipating exciting progress from these programs as we move toward the end of 2011. We see 2012 as the year that we become a strong, profitable revenue producing company."

The complete Form 10-Q filing for the period ended September 30, 2011 can be viewed at the following link: http://filings.issuerdirect.com/data/1075773/000135448811004692/teco_10q.pdf

Forward-Looking Statements:

Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, raising working capital and securing other financing; responding to competition and rapidly changing technology; and other risks. These risks are detailed in the Company's filings with the Securities and Exchange Commission, including Forms 10-KSB, 10-QSB and 8-K. Actual results may differ materially from such forward-looking statements.

Contact:
Osprey Partners
Tel: 732-292-0982
Fax: 732-528-9065
osprey57@optonline.net

SOURCE Treaty Energy Corporation
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http://www.treatyenergy.com
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* New World Oil & Gas successfully completes Phase 2 of seismic acquisition at Blue Creek located in the productive Petén Basin in Northwest Belize.
* It has acquired 70.95 line kilometres bringing the total for Phases 1 and 2 to 139.15km. Phase 3 seismic acquisition planned to commence immediately - expected completion in Q1 2012.

New World Oil and Gas Plc, a company focused on making investments in the oil and gas sector, announces an update from the 420 sq km Blue Creek Project located in the productive Petén Basin in Northwest Belize ('Blue Creek' or 'the Project').

Overview

* Successful completion of Phase 2 of seismic acquisition at Blue Creek - 70.95 line kilometres acquired bringing the total for Phases 1 and 2 to 139.15km
* Field and processed data to be interpreted shortly by the Company's geophysicist and Competent Person's Report ('CPR') to be updated by mid December 2011
* Updated CPR expected to include P10, P50, P90 mean volumetrics, scoping economics and an estimated market value for Blue Creek
* Phase 3 seismic acquisition planned to commence immediately - expected completion in Q1 2012


New World CEO William Kelleher said, "We continue to make excellent progress at our Blue Creek Project since its acquisition in June of this year. The completion of the second phase of our seismic acquisition programme is another significant milestone for New World as we progress towards anticipated phase three completion in Q1 2012.

"Following the positive results from the first of three planned phases of our seismic programme, the updated CPR specifically highlighted four structures similar to those found in the nearby producing Spanish Lookout field in the productive and highly prospective Petén Basin. Following the completion of the Phase 2 seismic, a second update to the CPR will be completed which we expect to include the first official estimates of in-place and recoverable oil volumes. We expect this update to be released by the middle of December 2011 and look forward to updating shareholders on our progress then."

Further Information

In total, 70.95 line kilometres were acquired during the second phase of seismic at the 420sq km Blue Creek Project located in the Petén Basin in Northwest Belize, bringing the total for phases 1 and 2 to 139.95 km. Excel Geophysical Services, of Denver, Colorado, is currently in possession of all the field and processed data which will shortly be interpreted by the Company's geophysicist. Once this has been completed the Company's competent person, RPS Energy, will analyse the data and provide an updated CPR which is expected to include P10, P50, P90 mean volumetrics, scoping economics and an estimated market value for the Company. This updated CPR is expected before the end of 2011.

A third phase of seismic acquisition is planned to commence immediately on the 'Project of Belize Lands', with completion scheduled for February 2012.

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