29 October 2014

                          TANGIERS PETROLEUM LIMITED

                                  SHARE PRICE

The Company notes the rise in its share price today and confirms it knows of no
reason for such movement.

As stated on 19 September 2014 the Company has raised funds to be used for
working capital and the assessment of new ventures. Further updates will be
made as and when appropriate.

For Further information, please contact:

David Wall
Managing Director

Tangiers Petroleum Limited
Level 2, 5 Ord Street
West Perth WA 6005, Australia
Ph: + 61 8 9485 0990
www.tangierspetroleum.com

Contacts

RFC Ambrian Limited

As Nominated Adviser
Mr Oliver Morse / Ms Trinity McIntyre
+61 8 9480 2500

As Corporate Broker
Mr Charlie Cryer
+44 20 3440 6800

Mr Ed Portman (Media and Investor Relations - United Kingdom)
Tavistock Communications
+44 20 7920 3150