News Release

Cancarb Limited hires R&D Manager

February 1, 2012 -- Cancarb Limited has named Dr. Blessing Ibeh as its Research and Development Manager.

Dr. Ibeh is a graduate of the University of Calgary with a Ph. D. in chemical engineering. Prior to that, he earned a Masters Degree from Chalmers University of Technology Goteborg, Sweden and a Bachelor of Technology (Chemical Engineering) degree from Rivers State University of Science and Technology in Nigeria.

"Dr. Ibeh's addition confirms Cancarb's ongoing commitment to being the world's technological leader in medium thermal carbon black." said Dave Petrie, Cancarb President and COO. "We expect him to be a great asset to our process, product, and application research efforts."

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 our website at www.cancarb.com for more company information. Cancarb is owned and operated by TransCanada, 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