Teton Appoints William P. Brand as Interim CFO

Teton Energy Corporation has appointed William P. Brand, Teton's current Controller and Chief Accounting Officer, to the position of Interim Chief Financial Officer effective September 1, 2007. Mr. Brand will maintain this position until a permanent CFO is named.

Teton's Chief Financial Officer and Executive Vice President, Bill Pennington has resigned for personal reasons and will be joining the Teton Board as a Director, effective September 14, 2007.

Teton Energy has retained Preng and Associates, a Houston based executive placement firm to conduct the search for a new CFO.