TMEI, Subsidiary Extend Conent Payment Deadline on 2010 Notes

Transmeridian Exploration Incorporated and its wholly-owned subsidiary Transmeridian Exploration Inc. have extended the consent payment deadline with respect to their exchange offer and concurrent solicitation of consents to amend the indenture governing TMEI's 12% Senior Secured Notes due 2010 and related security documents.

The consent payment deadline, which was 5:00 p.m., New York City time, on September 5, 2008, will be extended to 5:00 p.m., New York City time, on September 10, 2008, unless further extended.

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