Cleansing Prospectus

22 October 2014 TANGIERS PETROLEUM LIMITED Cleansing Prospectus Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) ("Tangiers" or "the Company")would like to advise that it has lodged a Cleansing Prospectus to remove anytrading restriction on the Shares to be issued under the Placement announced on19 September 2014 and on any Shares issued pursuant to the exercise of the 12million New Options (exercise price $0.01 and term 3 years) to be issued tocertain broker and advisers. A copy of the Cleansing Prospectus is available on the Company's website atwww.tangierspetroleum.com. DAVID WALLManaging DirectorTangiers Petroleum LimitedLevel 2, 5 Ord StreetWest Perth WA 6005, AustraliaPh: + 61 8 9485 0990www.tangierspetroleum.com ContactsRFC Ambrian LimitedAs Nominated AdviserMr Oliver Morse / Ms Trinity McIntyre+61 8 9480 2500