July 23, 2010

Tristan Oil Ltd. (the “Company”) today announced that it will hold a conference call with management to further update its noteholders with respect to the events described in the Company’s press release dated July 22, 2010. Participants on the call will include Anatolie Stati, President, CEO and Chairman, and Artur Lungu, Executive Vice President and CFO.

The conference call will be held on Monday, July 26, 2010 at 9:30 am EST / 2:30 pm BST. To access the conference call, please call +44 (0)20 7906 8557. Please visit www.tristanoil.com to view the Company’s press release dated July 22, 2010. A conference call replay will be available by calling 1-866-286-6997 for U.S. domestic callers and 0-808-238-9699 for U.K. domestic callers, followed by the passcode: 272931#.

Contact:

Tristan Oil Ltd.

Artur Lungu, +373 69602130

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Popovici Mihail, +373 79523211

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