Letter to Listed Optionholders

18 September 2013 TANGIERS PETROLEUM LIMITED LETTER SENT TO HOLDERS OF LISTED OPTIONS Tangiers Petroleum Limited ("Tangiers") wishes to advise that it has sent aletter to all holders of Tangiers listed options trading on the AustralianSecurities Exchange under code "TPTOA" ("Options") advising them of theimpending expiry of the Options. The Options expire on 31 October 2013 with anexercise price of A$0.16 and a copy of the letter is available on Tangiers'website at www.tangierspetroleum.com ROBERT DALTONJoint Company Secretary Tangiers Petroleum LimitedLevel 2, 5 Ord StreetWest Perth WA 6005, AustraliaPh: + 61 8 9485 0990 www.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 Shore 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