TPE Teton Petroleum New

Teton Petroleum to Respond to Notice of Interim Cease Trade Order in Alberta and Ontario DENVER, March 3 /PRNewswire-FirstCall/ -- Teton Petroleum Company (AMEX:TPE) received notice of interim cease trade orders from the Alberta and Ontario Securities Commissions. The action only affects Canadian shareholders wishing to trade Teton Common stock. Canadian shareholders represent approximately 2% of the Company's worldwide shareholder base. The action does not affect U.S. or other shareholders. (Logo: http://www.newscom.com/cgi-bin/prnh/20030611/TETONLOGO) Teton Petroleum Company, not a Canadian company, voluntarily delisted from the CDNX several years ago and is not currently listed on any Canadian exchange in order to focus on its American Stock Exchange listing. It has been attempting to deregister from its reporting requirements in Alberta and Ontario since June 2004. Teton believes that the action taken is without merit, is inapplicable to the Company, and will vigorously contest the ruling at a hearing in Ontario on March 4, 2005 and in Alberta on March 11, 2005. This news release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiaries' expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton's management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton's management. http://www.newscom.com/cgi-bin/prnh/20030611/TETONLOGO http://photoarchive.ap.org/ DATASOURCE: Teton Petroleum Company CONTACT: Gillian D. Kane, Vice President, Investor Relations of Teton Petroleum Company, +1-970-846-1953,

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