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General Meeting Results

16th Nov 2012 09:28

16 November 2012

GENERAL MEETING RESULTS

The following information is provided to ASX in relation to the resolutions passed by the members of Tangiers Petroleum Limited at its General Meeting held on 16 November 2012.

General Meeting of Shareholders

Resolution 1: Ratification of a previous issue of 2,936,877 shares

The total number of proxy votes exercisable by proxies validly appointed was 20,529,744

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 16,109,653 9,001 2,249,550 2,161,540

Resolution 2: Ratification of a previous issue of 3,562,222 shares

The total number of proxy votes exercisable by proxies validly appointed was 20,871,611

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 16,451,520 9,001 2,249,550 2,161,540

Resolution 3: Ratification of a previous issue of 8,120,500 shares.

The total number of proxy votes exercisable by proxies validly appointed was 20,871,611

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 16,451,508 9,013 2,249,550 2,161,540 Resolution 4: Approval of the issue of 213,733 Options to Old Park Lane Capital

The total number of proxy votes exercisable by proxies validly appointed was 21,027,290

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 16,075,104 1,626,096 2,249,550 1,076,540 Resolution 5: Approval of the issue of 487,230 Options to Old Park Lane Capital

The total number of proxy votes exercisable by proxies validly appointed was 21,027,290

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 16,075,104 1,626,096 2,249,550 1,076,540

Resolution 6: Approval of the proposed issue of Securities

The total number of proxy votes exercisable by proxies validly appointed was 20,777,323

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 16,329,253 53,980 2,249,550 2,144,540

Resolution 7: Approval of the proposed issue of Options to Ms Eve Howell

The total number of proxy votes exercisable by proxies validly appointed was 20,757,359

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 17,595,099 114,101 1,978,619 1,069,540

Resolution 8: Approval of the proposed issue of Options to Mr Max de Vietri

The total number of proxy votes exercisable by proxies validly appointed was 21,027,290

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 16,529,099 114,101 2,249,550 2,134,540

Resolution 9: Approval of the proposed issue of Options to EMR Resources Pty Ltd

The total number of proxy votes exercisable by proxies validly appointed was 20,757,359

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 16,258,999 1,450,201 1,978,619 1,069,540

Resolution 10: Approval of the Execution of Directors Deeds of Access, Indemnity and Insurance

The total number of proxy votes exercisable by proxies validly appointed was 20,757,359

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 16,538,099 79,101 1,978,619 2,161,540

Resolution 11: Approval of the cancellation of Shares

The total number of proxy votes exercisable by proxies validly appointed was 21,027,290

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 18,646,330 97,370 2,249,550 34,040 Special Meeting of Certain Shareholders

Resolution 1: Approval of the cancellation of Shares

The total number of proxy votes exercisable by proxies validly appointed was 2,127,500

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 2,127,500 - - - KRYSTEL KIROUJoint Company SecretaryTangiers Petroleum LimitedLevel 6, 5 Mill StreetPerth WA 6000, AustraliaPh: +61 8 9485 0990 www.tangierspetroleum.comContactsRFC Ambrian Limited (Nominated Adviser)Mr Stuart Laing+61 8 9480 2506Old Park Lane Capital PLC (Joint AIM Broker)Mr Michael ParnesMr Luca Tenuta+ 44 20 7493 8188Shore Capital Stockbrokers Ltd (Joint AIM Broker)Mr Jerry KeenMr Bidhi Bhoma+ 44 20 7408 4090

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

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