TYK Tanganyika Oil CO Com Npv

Tanganyika Oil Company Ltd. ("Tanganyika" or the "Company") (TSX
VENTURE:TYK)(OMX:TYKS) is pleased to announce the results of its Annual and
Special Meeting held on April 24, 2008. At this meeting, shareholders re-elected
the incumbent directors, being Lukas Lundin, Gary Guidry, Bryan Benitz, John
Craig, Hakan Ehrenblad, Keith Hill and William Rand, and reappointed
PricewaterhouseCoopers LLP as auditors of the Company. Shareholders also
approved the establishment of the 2008 Stock Option Plan which will replace the
current stock option plan. The 2008 Stock Option Plan, as described in the
Company's Information Circular dated March 18, 2008, is in the form of a rolling
stock option plan reserving an aggregate of 10% of the issued and outstanding
shares of the Company for issuance upon the exercise of options granted pursuant
to the Plan.


Tanganyika Oil Company Ltd. is a Canadian oil and gas company with production
and exploration assets in Syria. Its shares are traded on the TSX Venture
Exchange under the symbol TYK and its Swedish Depository Receipts trade on the
OMX Nordic Exchange under the symbol "TYKS".

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