Tethyan Resources plc announced that it has agreed to the terms of a loan from Dr. Michael Andrews, a director of the company, who has agreed to lend to the company £350,000. The loan will not bear interest and will have a maturity date of the earlier of 6 months or 5 days following the date on which the company raises in excess of £1,000,000 by way of an equity or debt financing with a third party.