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Tethys Petroleum Limited: Retirement of Board Director

GRAND CAYMAN, CAYMAN ISLANDS -- (Marketwired) -- 08/14/14 -- Tethys Petroleum Limited ("Tethys" or the "Company") (TSX: TPL)(LSE: TPL) today announced the retirement of Russ Hammond, non-executive Board Director of the Company. Russ will retire on his 73rd birthday on October 15, 2014.

Dr David Robson, Chairman of Tethys, stated: "Russ has been a director of the Company since 2006 and during this time his practical advice, insight and considerable knowledge of financing and of the oil and gas industry has been invaluable to the Company and to me personally. Although Russ now feels that it is time to retire, his input to the Company will be sorely missed and I do hope that he is able to continue providing us with his wise counsel."

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.

This press release contains "forward-looking information". Such forward-looking statements reflect our current views with respect to future events and are subject to certain assumptions. See our Annual Information Form for the year ended December 31, 2013 for a description of risks and uncertainties relevant to our business, including our exploration activities. The "forward looking statements" contained herein speak only as of the date of this press release and, unless required by applicable law, the Company undertakes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise.

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