Tethys Petroleum: Claims Against the Company are Dismissed

Tethys Petroleum Limited is pleased to announce that the previously announced claims against employees of the Company’s wholly owned subsidiary Tethys Aral Gas LLP (“TAG”) in Kazakhstan have been dismissed. Tethys wishes to acknowledge the assistance of the Office of the Almaty City Prosecutor in quickly reviewing the claims and dismissing the case.

Computers and documents taken during the investigation have been returned to the Company. The Company continues to work to have the Court imposed freezing order over TAG’s bank accounts lifted and restore normal business operations as soon as possible.