Appointment of Vice President Finance

November 02, 2009

ST. PETER PORT, GUERNSEY, CHANNEL ISLANDS, Nov 02, 2009 (MARKETWIRE via COMTEX) — Tethys Petroleum Limited (“Tethys” or the “Company”) (TSX: TPL) today announced the appointment of Denise Lay as Vice President Finance.

Denise is a Fellow of the Association of Chartered Certified Accounts (FCCA) and has more than 15 years post qualification experience. Denise worked for KPMG for six years including an 18-month secondment to Moscow. Between 2000 and 2006 Denise held the position with the Gallaher Group as Finance Director responsible for Finance, IT and Legal for Kazakhstan, Russia, Africa and the Middle East and between 2007 and 2009 as Finance Director of NRG International Limited a subsidiary of Ricoh. Other positions included a spell as an internal auditor with Chevron, an accounting tutor with ATC International dealing with students from the Ukraine and Eastern Europe and as a consultant with DSL Consultancy Services. Denise is fluent in Russian and has experience of a number of IT systems including Sun Systems and 1c, both of which are used by Tethys.

Bernard Murphy, Finance Director and CFO of Tethys commented, “Denise is a most welcome addition to our team. As Vice President Finance Denise will be a key figure in managing and developing the finance function within our expanding company. Her extensive accounting experience, language skills and IT knowledge will be a welcome addition to the Company’s existing accounting resource.”

This press release contains “forward-looking information” which may include, but is not limited to, statements with respect to our operations. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined under the section titles “Risk Factors and Uncertainties” in our prospectus (available at Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected.

Tethys Petroleum Limited is registered in Guernsey, Channel Islands with registered number 41075 and is listed on the Toronto Stock Exchange (TSX) with the symbol “TPL” and on the RFCA in Almaty, Kazakhstan.

Tethys Petroleum Limited
Sabin Rossi
Vice President Investor Relations
Office: 1-416-572-2065
1-416-572-2201 (FAX)

In Kazakhstan
PG Communications
Ardak Akanov, Managing Director
Office phone/fax: 2 72 88 67, 2 72 82 37, 2 72 77 45
Cell: +77017115604

In Asia-Pacific
Quam IR
Anita Wan
Associate Director
Office phone/fax: + (852) 2217-2999

SOURCE: Tethys Petroleum Limited