Tidelands Oil & Gas Corporation Press Releases

Tidelands Oil & Gas Corporation (OTCBB: TIDE)

October 16, 2003

Tidelands Oil & Gas Corporation -OTCBB TIDE Announces Hiring de Senior Vice President/CFO

Tidelands Oil & Gas Corporation (BULLETIN BOARD: TIDE) announced today the hiring de James B. Smith as Senior Vice President and Chief Financial Officer.

Mr. Smith received a Bachelor de Science degree from Texas A&M University and a Master de Professional Accounting degree from the McCombs School de Business at the University de Texas at Austin. He served as a Tax Manager for Ernst & Young during the 1980s with an emphasis on energy and real estate clientele. During the 1980s, Mr. Smith also served as a financial officer in a multi-company real estate development firm and as primary financial advisor to several high net worth family groups. In 1992, he directed his efforts to establishing a CPA practice and participation as a principal in several ventures in the energy and real estate businesses. During the remainder de the 1990s, Mr. Smith directed the financial affairs for two land development firms, an oil and gas operator, a natural gas gathering system, a produce company and its related agri-business subsidiaries. He has substantive and successful experience in directing turnaround situations in the energy and real estate businesses. Mr. Smith is married with two sons and resides in the San Antonio, Texas area.

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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