Treaty Energy Corporation Announces LOI to Acquire Oil & Gas Lease in Louisiana

HOUSTON, TX, Oct 29 (MARKET WIRE) --
Treaty Energy Corporation (OTCBB: TECO) today announced that it has
entered into a letter of intent to purchase 56 wells on 600 acres near
Converse, Louisiana. This purchase will include all pumps and equipment
to operate the wells.

There are currently 13 wells in production on this property producing 22
BBLS of oil per day, and a program is in place to rework the balance of
the wells with estimated production to then exceed 95 BBLS per day. With
estimated reserves of one million BBLS at a discounted price of $60 per
BBL, this project represents a significant addition to Treaty Energy.

The terms of the purchase are $350,000 cash at closing and one year owner
financing for $650,000.

Additionally, Treaty Energy will repurchase a 6% royalty for $20,000 which
will allow the company an 81% net of royalty interest. The company, by
agreement, will have a short period for due diligence and to prepare an
updated Reserve Report. Assuming satisfactory due diligence, the closing
is to occur on or about November 15, 2009.

Randall Newton, CEO and Chairman of Treaty Energy Corporation, stated, "We
are pleased to be adding this 56 well property to our oil producing
assets."

Mr. Newton stated further, "Based on actual production from the currently
producing wells of approximately 1.7 BBLS per day on this Louisiana
property, and assuming $60 oil and the cost of reworking 8 wells per month
until all wells are functional, we estimate payback on this acquisition at
about 14 months."

Because of the very short closing time Treaty Energy would have passed on
this opportunity, but as a result of the actions of Treaty's CEO, Randall
Newton, in aggressively building the Treaty organization, including the
recent additions of President and Director Joe Grace and Director Dan
Olson, many new and exciting opportunities are now coming within the reach
of Treaty Energy Corporation.

"Our investors should know that since my appointment to the board we have
reviewed six new opportunities for possible acquisition by Treaty Energy.
It is anticipated that more announcements will soon be forthcoming,"
stated Joe Grace, Treaty Energy's newly elected President.

About Treaty Energy Corporation

Treaty is engaged in the acquisition, development and production of oil
and natural gas. Treaty acquires and develops oil and gas leases which
have "proven but undeveloped reserves" at the time of acquisition... These
properties are not strategic to large exploration-oriented oil and gas
companies. This strategy allows Treaty to develop and produce oil and
natural gas with tremendously decreased risk, cost and time involved in
traditional exploration. Treaty's headquarters is located in Houston,
Texas. For more information go to: www.treatyenergy.com

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 SB-2,
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
investors@treatyenergy.com

Investor Relations:
Equiti-trend Advisors LLC
(800) 953-3350 toll-free
(858) 436-3350 local

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