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TransAtlantic Petroleum Announces Updated TSX Reverse Stock Split Effectiveness Date

HAMILTON, Bermuda, March 6, 2014 (GLOBE NEWSWIRE) -- TransAtlantic Petroleum Ltd. (TSX:TNP) (NYSE-MKT:TAT) (the "Company" or "TransAtlantic") today announced that, in connection with the one-for-ten reverse stock split of the Company's issued and outstanding common shares approved by the Company's shareholders on March 4, 2014, trading of the Company's common shares on a split-adjusted basis on the TSX is now expected to begin on Friday, March 7, 2014.

About TransAtlantic Petroleum Ltd.

TransAtlantic Petroleum Ltd. is an international oil and natural gas company engaged in the acquisition, exploration, development and production of oil and natural gas. The Company holds interests in developed and undeveloped properties in Turkey and Bulgaria.

(NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.)

Forward-Looking Statements

This news release contains forward-looking statements, including information concerning the Reverse Split. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which are disclosed in the Company's reports filed with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially from those anticipated by the Company and described in the forward-looking statements or information. The forward-looking statements or information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

CONTACT: Taylor Miele
         Director of Investor Relations
         (214) 265-4746
         
         Ian Delahunty
         President
         (214) 220-4323
         
         TransAtlantic Petroleum Ltd.
         16803 Dallas Parkway
         Addison, Texas 75001
         http://www.transatlanticpetroleum.com

TransAtlantic Petroleum Ltd. Logo

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