Tango Cancels Options

    CALGARY, Sept. 28 /CNW/ - Tango Energy Inc. ("Tango") announces it has
cancelled a total of 1,940,000 stock options priced above $0.60 per share
previously issued under its Stock Option Plan. After the cancelation there are
2,085,000 stock options outstanding.
    Tango's total number of common shares outstanding is 65,724,620.
    Tango trades on the TSX Venture Exchange under the symbol TEI.

    The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. Statements in
this regard may constitute forward looking statements. Such Forward looking
statements include risks, uncertainties, and other factors which may cause
actual results, performance or achievements of Tango to be materially
different from any future results, performance, or achievements expressed or
implied by such forward looking statements. Tango does not undertake to update
any of such forward looking statements.

    %SEDAR: 00017586E

For further information:

For further information: John M. Gunn, President and CEO, David E.
Blain, VP Finance and CFO, Phone: (403) 266-5688, Fax: (403) 266-8817

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