Management Change

August 02, 2016

GRAND CAYMAN, CAYMAN ISLANDS – Aug. 2, 2016) – Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) (“Tethys” or the “Company”) today announced the appointment of Kenneth J. May as interim Chief Executive Officer in the transitional period until the appointment of two new members to the existing three person Board of Directors. The five person Board will take a further decision on the appointment of a Chief Executive Officer.

Mr. May will replace Julian Hammond who is leaving Tethys having worked for the Company since 2007 and served as Chief Executive Officer since 2012.

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.

Tethys Petroleum Limited
130 King Street West, Suite 1800
Toronto, Ontario
M5X 1E3

Tethys Petroleum