TPE Teton Petroleum New

Teton Petroleum Announces June 28 Annual Meeting of Shareholders DENVER, May 20 /PRNewswire-FirstCall/ -- Teton Petroleum Company (AMEX:TPE), a US based independent energy company with operations in the Rocky Mountain region, formally announced today that its Annual Meeting of Shareholders will be held on Tuesday, June 28, 2005. The meeting will be begin at 9:30 AM (Mountain Time) in the Colorado State Bank Building Conference Room, located at 1600 Broadway, 5th Floor, in Denver, Colorado. (Logo: http://www.newscom.com/cgi-bin/prnh/20030611/TETONLOGO) The Company's definitive Proxy Statement will be mailed on or about June 2 to all shareholders of record as of May 2, 2005. Each of the proposals for which approval is sought is addressed in detail in the Proxy Statement. Teton's Management and its Board of Directors ask all shareholders to carefully read the Proxy Statement and encourage a vote in favor of the proposals. The Proxy Statement and any other relevant documents can be obtained, without charge, on the website of the Securities and Exchange Commission, http://www.sec.gov/, or by directing a request to Ms. Gillian Kane at (303) 542-1878 or via email at . Originally scheduled for June 2, 2005, the Company pushed back the date of its Annual Meeting until June 28 in order to assure the shareholders have ample time to review the matters to be covered at the meeting. About Teton Petroleum Company Teton Petroleum is an exploration and production company with operations in the Rocky Mountains of the U.S., and is headquartered in Denver, Colorado. The Company's common stock trades as TPE on the American Stock Exchange. More information about the Company is available on the Company's website, http://www.tetonpetroleum.com/, and through additional press releases as the projects develop. Forward-Looking Statements This news release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary's expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton's management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton's management. More information about potential factors that could affect the Company's operating and financial results is included in Teton's annual report on Form 10-K for the year ended December 31, 2004. This and all previously filed documents are on file at the Securities and Exchange Commission and can be viewed on Teton's website at http://www.tetonpetroleum.com/. Copies are available without charge, upon request from the Company. Company contact: Gillian Kane (303) 542-1860 http://www.tetonpetroleum.com/ http://www.newscom.com/cgi-bin/prnh/20030611/TETONLOGO http://photoarchive.ap.org/ DATASOURCE: Teton Petroleum Company CONTACT: Gillian Kane of Teton Petroleum Company, +1-303-542-1860, Web site: http://www.tetonpetroleum.com/

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