POI

Tethys Petroleum Limited ("Tethys" or the "Company") (TSX:TPL)(LSE:TPL) today
announced that it has signed a Protocol of Intent ("POI") with the Uzbek State
oil and gas company, National Holding Company "Uzbekneftegaz" ("UNG") for
exploration work on the Bayterek block in the North Ustyurt Basin of Northern
Uzbekistan. 


The POI for the Bayterek Investment Block follows on from the previous MOU and
"Agreement on basic principles of the Exploration Agreement" between UNG and
TPL. TPL and the Institute of Geology and Exploration of Oil and Gas Fields of
UNG have jointly developed an Exploration Programme for the Block. 


Tethys and UNG intend to execute an Exploration Agreement in accordance with the
legislation of the Republic of Uzbekistan, and upon approval of the Exploration
Program by the Government of the Republic of Uzbekistan both parties intend to
complete negotiations, and will seek issuance of an appropriate Decree of the
Government of Uzbekistan, within one calendar year.


Dr. David Robson, Executive Chairman and President of Tethys, commented: "The
signing of the Protocol of Intent is a significant step forward with our
partners Uzbekneftegaz to work together on exploring the North - West of
Uzbekistan. We believe this area has great exploration potential and we look
forward to using our working knowledge of the area to best exploit this
attractive block."


Tethys is focused on oil and gas exploration and production activities in
Central Asia with activities currently in the Republics of Kazakhstan,
Tajikistan and Uzbekistan. 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, 2012 for a description
of risks and uncertainties relevant to our business, including our exploration
activities (which are incorporated herein by reference). 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
North America
Sabin Rossi - All Investor Queries
Vice President Investor Relations
+1 416-941-1257
+1 416-947-0167 (FAX)


Europe
Veronica Seymour - All Media Queries
Vice President Corporate Communications
+44 1481 725911
+44 1481 725922 (FAX)


Corporate Brokers:
FirstEnergy
Hugh Sanderson / David Van Erp
+ 44 207 448 0200


Seymour Pierce
Richard Redmayne / Stewart Dickson
+44 207 107 8000


Asia Pacific: Quam IR
Anita Wan
Office phone/fax: +852 2217 2999


FTI Consulting
Ben Brewerton / Natalia Erikssen
+44 207 831 3113


info@tethyspetroleum.com
www.tethyspetroleum.com
Mobile site: m.tethyspetroleum.com

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