07 Jun, 2007

Tristan Oil Ltd. (the “Company”) announced today that it has priced its previously announced “tack-on” offering of  $120.0 million aggregate principal amount of its 10½% Senior Secured Notes due 2012 (the “New Notes”) to qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”) and to persons outside the United States in compliance with Regulation S, at 100% of the principal amount of the New Notes plus accrued interest thereon from December 20, 2006.  The offering of the New Notes is expected to close on June 14, 2007.