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Tethys Petroleum Limited: Q2 Results and Conference Call Details

GRAND CAYMAN, CAYMAN ISLANDS — (Marketwire) — 08/15/11 — Tethys Petroleum Limited (“Tethys” or the “Company”) (TSX: TPL)(LSE: TPL) today announced its second quarter results for the period ended June 30, 2011. The second quarter results together with a Management Discussion & Analysis have been filed with the Canadian securities regulatory authorities. Copies of the filed documents may be obtained via SEDAR at or on Tethys– website at . The summary financial statements are attached to this press release.

The Company reports financial results in accordance with International Financial Reporting Standards (“IFRS”).

Highlights

These highlights along with other operational and financial details will be further discussed in a scheduled conference call. Details of the conference call can be found below:

Conference Call:

A conference call will be held at 10 AM Eastern Time on Tuesday, August 16, 2011. An operational update will be given first followed by a review of the financials. The North American conference call number is (800) 291-5365 and the outside North America conference call number is (617) 614-3922. The conference call code to use is 31811593. Please call in about 10 minutes before the starting time in order to be patched into the call.

Webcast:

The call is being webcast and can be accessed at:

Tethys is focused on oil and gas exploration and production activities in Central Asia with activities currently in the Republics of Kazakhstan and Tajikistan. 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” 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. See our Annual Information Form for the year ended December 31, 2010 for a description of risks and uncertainties relevant to our business, including our exploration activities.

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

In Europe: Tethys Petroleum Limited
Veronica Zhuvaghena
Vice President Corporate Communications
+44 1481 725911
+44 1481 725922 (FAX)
Web:
Mobile site:

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

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