News Release

Cancarb Limited Announces New Stock Location in Singapore

March 15, 2012 -- Cancarb Limited, the world's leading producer of N990 thermal carbon black, is pleased to announce the opening of its new Singapore-based warehouse.

"Asia-Pacific is a very important growth region for Cancarb and with the Singapore warehouse we are now able to provide our customers with a greater level of supply security," said Brad Thompson, Manager of Asia-Pacific Marketing for Cancarb Limited. "This warehouse addition also allows us to better serve our customers in India by having increased access to the smaller Indian Ports and more steamship line options than are available directly from Canada."

About Cancarb Limited:

Cancarb is the global leader in the production and marketing of thermal carbon black with customers in more than 42 countries. Our plant, located in Alberta, Canada, uses state of the art technology to ensure that our Thermax® brand products are of the highest quality and consistency and are produced efficiently and in an environmentally responsible manner. Visit Cancarb our website at www.cancarb.com for more company information. Cancarb is owned and operated by TransCanada Corporation, www.transcanada.com. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP.

For further information, please contact:

Cancarb Limited: Mr. Dave Petrie: +1-403-527-1121