DENVER, Colorado --Tipperary Corporation (AMEX-TPY), an independent energy company, today announced the appointment of Charles T. Maxwell to its board of directors. With the addition of Maxwell, the board will be increased from five to six members.

Maxwell is an energy consultant and senior energy analyst with Weeden & Co., a Greenwich, Conn.-based investment company serving institutional clients in the United States and abroad. He attended Princeton University as an undergraduate and received a B.A. from Oxford University in England.

Since starting his career in 1957, Maxwell has worked in the producing, processing, transportation and marketing sectors of the energy industry. For 12 years, he was employed by a major international oil company in the United States, Middle East, Europe and Africa. Later as an analyst, Maxwell was ranked as number one in his field in 1972, 1974, 1977 and 1981-1986 by Institutional Investor magazine. For the last 17 years, he has been an active member of an Oxford-based organization comprised of OPEC and other industry executives from 30 countries who meet to discuss trends within the energy industry.

Tipperary's CEO and Chairman David L. Bradshaw said, "We are pleased to have someone with Mr. Maxwell¹s wealth of industry experience on our board. His extensive knowledge of both domestic and international energy issues will be a valuable resource to the Company."

Through the Company's 90% owned subsidiary -Tipperary Oil & Gas (Australia) Pty Ltd-Tipperary owns exploration permits and a 61.25% interest in the Comet Ridge Coalbed Methane project in Queensland, Australia. Also, the Company has producing oil and gas properties in the United States which are being sold in connection with a shift in the Company's direction toward increasing reserves and production from coalbed methane properties in the United States, Australia and possibly other countries.

Information herein contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words such as "may," "will," "expect," "anticipate," "estimate," or "continue," or comparable words. In addition, all statements other than statements of historical facts that address activities that Tipperary expects or anticipates will or may occur in the future are forward-looking statements. Readers are encouraged to read the SEC reports of Tipperary, particularly its Form 10-K for the Fiscal Year Ended September 30, 1999, for meaningful cautionary language disclosing why actual results may vary materially from those anticipated by management.