DENVER, Colorado --Tipperary Corporation (AMEX-TPY), an independent energy company, today announced the appointment of D. Leroy Sample to its board of directors. The appointment expands the Company's board from six to seven members. Sample retired from PricewaterhouseCoopers in 1999 after 24 years as a general practice partner with significant involvement in accounting, auditing and financial reporting for both public and private companies.

Sample was with the Chicago office of the firm for more than 36 years. Most recently, he was the engagement partner for several major Real Estate Investment Trusts and real estate companies. Sample's clients also have included a number of industrial and oil and gas companies. Sample received a bachelor's of business administration degree from the University of Iowa and an MBA from the University of Chicago.

Tipperary's CEO and Chairman David L. Bradshaw said, "Lee joins us with extensive commercial and financial expertise. We are very pleased to welcome him to the board of directors."

Tipperary Corporation is an independent energy company focused primarily on exploration and production of coalbed methane. Headquartered in Denver, Colorado, Tipperary owns 90% of Queensland, Australia-based Tipperary Oil & Gas (Australia) Pty Ltd. This subsidiary holds a 62.25% interest in southeastern Queensland's Comet Ridge Coalbed Methane project and other exploration permits in Queensland. Domestically, Tipperary holds a 49% interest in the Hanna Draw coalbed methane project in Wyoming.

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.