GRAND CAYMAN, CAYMAN ISLANDS -- (Marketwire) -- 07/11/12 -- Tethys Petroleum Limited ("Tethys" or "the Company") (TSX: TPL)(LSE: TPL) is pleased to announce that its Vice Chairman, The Rt. Hon. Peter Lilley M.P., has been appointed as the Co-Chairman of the Uzbek-British Trade & Industry Council ("UBTIC").

UBTIC is a government-sponsored trade promotion body for bilateral economic co-operation. UBTIC comes under the umbrella of the British Government's overseas trade organisation, United Kingdom Trade & Investment (UKTI). UBTIC's other Co-Chairman is His Excellency Mr. Elyor Ganiev, Minister of Foreign Economic Relations, Investment and Trade of Uzbekistan.

Mr. Lilley is a senior member of the British Parliament and the Vice-Chairman of the All Party Parliamentary Group on Central Asia. He was formerly the Secretary of State for Trade and Industry, the Secretary of State for Social Security, Shadow Chancellor and Deputy Leader of the Conservative Party.

Dr. David Robson, Chairman, President and Chief Executive Officer of Tethys Petroleum, commented, "I am very pleased that Peter has been appointed to this position which is instrumental in developing commercial and business relations between Britain and Uzbekistan. The previous incumbent, Dr Hartley Booth, did an excellent job in this role and we at Tethys Petroleum, as one of the very active investors in Uzbekistan, are pleased to see UBTIC moving forward and developing further its important role."

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.