29 January 2015

                          TANGIERS PETROLEUM LIMITED

                             Investor Presentation

Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) wishes to advise that a copy
of the Company's latest Investor Presentation (February 2015) is available on
the Company's website at www.tangierspetroleum.com.au.

This presentation is to be used on the Project Icewine Roadshow to be
undertaken in February, and key investment highlights noted include the
following:

Objective: Compelling oil play with unique logistics, market access, & fiscal
incentives

  * 99,360 acres onshore North Slope, Alaska with 10 year lease term & 16.5%
    royalty

  * Formal Lease award by the State of Alaska 1H 2015 following payment of
    US$2.98m consideration

  * Two world class objectives in the kitchen of North America's largest oil
    field

  *
      + Unconventional: 492 MMBO estimated recoverable (gross mean unrisked)*

      + Conventional: 4.0 BBO undiscovered potential (North Slope Platform AU,
        USGS 2013)

  * Both plays are IRR positive at current oil prices based on in-house
    modelling

  * Tangiers operates the JV with originating-partner Burgundy Xploration
    (BEX), Houston

Why NOW?

  * Globally unique risk/reward due to 75-85% E&D CASH rebate from the State

  * Depressed oil / share price creates bottom of cycle entry and maximises
    potential returns

  * Catalysts

  *
      + Near term peer drilling on adjacent acreage programmed for 1H15

      + Oil price rebound over 6-18 months - quality companies will rise higher
        /faster

      + Possible farm-out driven by project quality and attractive rebates

*Cautionary Statement: The estimated quantities of petroleum that may be
potentially recovered by the application of a future development project relate
to undiscovered accumulations. These estimates have both an associated risk of
discovery and a risk of development. Further exploration, appraisal and
evaluation are required to determine the existence of a significant quantity of
potentially movable hydrocarbons. Prospective Resource assessments in this
release were estimated using probabilistic methods in accordance with SPE-PRMS
standards.

*Source: DeGolyer & MacNaughton, Independent Prospective Resources Report as of
December 31, 2014

Pursuant to the requirements of the ASX Listing Rules Chapter 5 the technical
information and resource reporting contained in this presentation was prepared
by, or under the supervision of, Mr Brent Villemarette, who is a Non Executive
Director of the Company. It has been produced for the Company, and at its
request, for adoption by the Directors. Mr Villemarette has more than 30 years
experience in the petroleum industry and is a qualified Reservoir Engineer who
has sufficient experience that is relevant to the style and nature of the oil
prospects under consideration and to the activities discussed in this document.
He has consented to the inclusion of the petroleum prospective resource
estimates prepared by DeGolyer & MacNaughton (as of 31 December 2014) and
supporting information being included in this announcement in the form and
context in which they are presented. His academic qualifications and industry
memberships appear on the Company's website and both comply with the criteria
for "Competence" under clauses 18-21 of the Valmin Code 2005. Terminology and
standards adopted by the Society of Petroleum Engineers "Petroleum Resources
Management System" have been applied in producing this document.

SARAH SMITH

Joint Company Secretary

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

Australia

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

www.tangierspetroleum.com

Hartleys Ltd
As Corporate Advisor
Mr Dale Bryan
+ 61 8 9268 2829


United Kingdom

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