Tidelands Oil & Gas Corporation Names Terry Mitchell Vice President of Liquefied Natural Gas Subsidiary

SAN ANTONIO, March 7 /PRNewswire-FirstCall/ -- Tidelands Oil & Gas Corporation (OTC Bulletin Board:TIDE), a midstream oil and gas project development company, today announced the appointment of Terry Mitchell as the new Vice President of Esperanza Energy LLC, reporting directly to James B. Smith, Tidelands' President and Chief Executive Officer. Esperanza Energy LLC is a 100% wholly owned subsidiary of Tidelands focused exclusively on developing a Liquefied Natural Gas (LNG) facility in southern California. In his capacity, Mitchell will be directing Esperanza's next phase of development activity, including strategic planning, project implementation, coordination and management.

"Terry brings a unique mix of technical experience, innovative project and environmental management to Tidelands for our Esperanza project," said James Smith. "Prior to this appointment, Terry was working tirelessly for us as a consultant to position Tidelands as a highly credible organization to devise and implement a world-class California LNG import-development project."

Mitchell is a 25-year veteran of the oil and gas industry with experience in exploration and production, pipeline and storage development and natural gas marketing. He has held the titles of Director-Project Management and Vice President, Fuels Management for Calpine Energy, Vice President, Fuels for International Generating Company, also known as Intergen, Vice President of National Energy Systems (NESCO), and Senior Exploration Geologist for Amoco Production Company. He also co-founded and served as President of a coalbed methane consulting and development company. Mitchell holds a Bachelor of Science degree in Geology from the University of Washington and a Master of Science degree in geology from Oregon State University.

As a consultant, Mitchell more recently has conducted analysis on a variety of U.S.-based LNG supply and development projects, including an analysis of the LNG import potential and natural gas market strategy for a major mid-eastern LNG producer, the energy market potential for LNG imports into Thailand, and an LNG-strategy White Paper for the National Association of Regulatory Utility Commissioners.

About Tidelands Oil & Gas Corporation

Tidelands Oil & Gas Corporation, San Antonio, Texas, focuses on development of mid-stream oil and gas projects including natural gas pipeline infrastructure, retail NGL sales, and natural gas receiving and storage facilities. Through its subsidiaries, Tidelands offers a full suite of services and has the capability to satisfy a wide variety of customer needs, both domestically and internationally. For more information about the Company, please contact Jim Smith at info@tidelandsoilandgas.com.

Cautionary Statement to Investors: Statements made in this release with respect to Tidelands' current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Tidelands. Forward-looking statements include, but are not limited to, those statements using words such as "believe," "expect," "plans," "strategy," "prospects," "forecast," "estimate," "project," "anticipate," "aim," "may" or "might" and words of similar meaning in connection with a discussion of future operations, financial performance, events or conditions. From time to time, oral or written forward-looking statements may also be included in other materials released to the public. These statements are based on management's assumptions and beliefs in light of the information currently available to it. Tidelands cautions you that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore you should not place undue reliance on them. Those cautionary risks are outlined in the Company's filings with the U.S. Securities and Exchange Commission. You also should not rely on any obligation of Tidelands to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Tidelands disclaims any such obligation. Furthermore, this news release is not an offer or a solicitation of an offer to buy or sell securities. Please be aware that decisions regarding investing are the responsibility of users themselves.

Source: Tidelands Oil & Gas Corporation

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