2013-12-17

Notification of Exercise of Warrants

GRAND CAYMAN, CAYMAN ISLANDS - Tethys Petroleum Limited (the "Company"), in accordance with the UK Listing Rules, today announces that it has issued and allotted 850,000 new Ordinary Shares of USD0.10 each. These shares were issued earlier this year at prices ranging from CAD 0.61 to CAD 0.65 pursuant to the exercise of warrants relating to a debt facility as previously notified in the Company's financial statements. Application has been made for these shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange and dealings are expected to commence on the London Stock Exchange at 8 a.m. (London time) on 18 December 2013. The shares will rank pari passu with the existing shares of the Company.

For information please contact:

Tethys Petroleum Limited

Sabin Rossi
Vice President Investor Relations

info@tethyspetroleum.com
Web: http://www.tethyspetroleum.com
Mobile site: m.tethyspetroleum.com