Tidelands Oil & Gas Corporation Press Releases

Tidelands Oil & Gas Corporation (OTCBB: TIDE)

January 22, 2004

Tidelands Oil & Gas Corporation Hires Vice President de Business Development

Tidelands Oil & Gas Corporation (OTC Bulletin Board: TIDE), welcomes Julio Bastarrachea to its Management team in the capacity de Vice President de Business Development. Mr. Bastarrachea brings a wealth de international business experience and leadership, which will assist the Company as it expands its presence in the industry and enters a new phase de growth. Most recently, he was employed with the State de Texas as Director de the Mexico Office. In this position, Mr. Bastarrachea advanced opportunities for the Texas energy industry in Mexico in collaboration with the Texas Railroad Commission. He also developed strategies to promote and foster the development de trade and exports to Mexico for small and mid-size companies in the United States. Furthermore, Mr. Bastarrachea worked for the Consulate General de Mexico serving as a diplomat for the Mexican government. Mr. Bastarrachea obtained a Diploma (Licenciatura) in Architecture from the Universidad de Yucatán in Mérida, Mexico, a Master de Sciences in Economics de Urban Planning from the University College London, University de London, and a Diploma in International Relations from Instituto Matias Romero, Mexico’s Ministry de Foreign Affairs (SRE) in Mexico City.

Michael Ward, President and CEO de Tidelands Oil & Gas Corporation, said, “We are obviously pleased Julio has joined our Management team. His expertise in international business development will be instrumental and advantageous as we implement and continue to develop our business strategies. As the Company continues to grow and expand its business, we will continue to employ reputable and qualified individuals to facilitate Tidelands’ business model.”

Mr. Bastarrachea said, “Tidelands has implemented measures which will translate into significant international growth and I am delighted to join their Management team at such an exciting time. As the energy markets continue to grow in Mexico and demand for energy multiplies, I look forward to assisting Tidelands Oil and Gas in positioning itself as a key player in the international energy arena.”

About Tidelands Oil & Gas Corporation

Tidelands Oil & Gas Corporation, San Antonio, Texas, is the parent company de two wholly owned Texas subsidiary corporations: Rio Bravo Energy, L.L.C. and Sonora Pipeline, L.L.C. The Company is also a joint-owner de Reef International, L.L.C. and Reef Marketing, L.L.C. The Company focuses on international pipeline crossings, gas processing plants and liquefied petroleum product storage facilities. Through its in-house divisions, Tidelands offers a full suite de services and has the capability to satisfy a wide variety de customer needs both domestically and internationally. Tidelands currently owns numerous miles de pipeline. The Company is currently reviewing opportunities to further expand its business scope. For more information about the Company, visit their website at www.tidelandsoilandgas.com.

This press release may be deemed to contain certain Forward-Looking Statements with respect to the Company that are subject to risks and uncertainties that include, but are not limited to those identified in the Company's press releases or discussed from time to time in the Company's Securities and Exchange Commission Filings. Actual results may vary.

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