/KASE, July 9, 2020/ – Tethys Petroleum Limited (Cayman Islands), whose shares
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press release of July 9, 2020:
Grand Cayman, Cayman Islands - Tethys Petroleum Limited (TSXV: TPL.H)
("Tethys" or the "Company") is pleased to announce its approval for graduation
from NEX to a Tier 2 'Oil & Gas'’ issuer on the TSX Venture exchange. This
graduation will occur on Friday, July 10, 2020. A bulletin from the TSX will be
released today. Tethys has successfully completed the necessary conditions as
originally detailed in the press release from February 8, 2020 and further
updated on April 16, 2020, and June 8, 2020. Tethys entered into a legally
binding settlement agreement with Olisol Petroleum Limited and certain of its
affiliated companies and their principals (together "Olisol") and DSFK Special
Finance Company LLP ("DSFK"), (hereinafter the "Settlement Agreement").
The complete press release is available on KASE website:
– in Russian;
– in English.