2015-07-13

Statement on approach to Board of Tethys Petroleum regarding a possible offer

GRAND CAYMAN, CAYMAN ISLANDS –Tethys Petroleum Limited (“Tethys”) (TSX:TPL, LSE: TPL)) acknowledges the announcement made today by Nostrum Oil & Gas PLC (“Nostrum”) regarding its approach to the Board of Directors of Tethys regarding a possible offer for the entire issued share capital of Tethys. Tethys confirms that such an approach from Nostrum has been received.

There can be no certainty that any firm offer will be made by Nostrum for the entire issued share capital of Tethys, nor as to the terms on which any firm offer might be made.

A further announcement will be made in due course as appropriate.

Ends

About Tethys
Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits.

For more information please contact:

CAMARCO (Financial PR)
Billy Clegg / Ginny Pulbrook / Georgia Mann
+44(0)203 757 4983

OR

info@tethyspetroleum.com
www.tethyspetroleum.com