Dispatch of Bidder's Statement

4 February 2014 TANGIERS PETROLEUM LIMITED Recommended Takeover Offer by Tangiers for Jacka Tangiers Petroleum Limited ("Tangiers" or the "Company") advises that theBidder's Statement and Target Statement ("Statements") have been dispatched toJacka securityholders today. ROBERT DALTONJoint Company Secretary Tangiers Petroleum LimitedLevel 2, 5 Ord StreetWest Perth WA 6005, AustraliaPh: + 61 8 9485 0990www.tangierspetroleum.com Contacts RFC Ambrian Limited (Nominated Adviser)Mr Stuart Laing+61 8 9480 2506 Peel Hunt LLP (Joint AIM Broker)Mr Richard CrichtonMr Andy Crossley+ 44 20 7418 8900 Mr Ed Portman (Media and Investor Relations - United Kingdom)Tavistock Communications+44 20 7920 3150