Article: Tethys Petroleum Limited: Continuance Under the Laws of the Cayman Islands and Adoption of Shareholder Rights Plan.

GEORGETOWN, CAYMAN ISLANDS, Jul 18, 2008 (Marketwire via COMTEX) -- Tethys Petroleum Limited ("Tethys" or the "Company" (TSX:TPL)) today announced that the continuance of the Company from the laws of Guernsey to the laws of the Cayman Islands has been completed on July 17, 2008. The continuance, which was approved by the shareholders of the Company at the annual meeting on April 24, 2008, is described in the management information circular dated March 20, 2008 ("the management information circular") available on sedar.com. As a result of the continuance, the Company is an exempted company continued under the laws of the Cayman Islands and is now subject to the Companies Law ...

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