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Notice of EGM

16th Oct 2012 09:52

16 October 2012 TANGIERS PETROLEUM LIMITED NOTICE OF GENERAL MEETING

Tangiers Petroleum Limited (`the Company') announces that it is posting a circular to shareholders within the next day containing a Notice of General Meeting ("Meeting") to be held on 16 November 2012. A full copy is available from the Company's website at www.tangierspetroleum.com.

Below is a summary of the resolutions:

* Ratification of previous issue of Shares * Ratification of previous issue of Shares * Ratification of previous issue of Shares * Approval of issue of Options to old Park Lane Capital PLC * Approval of issue of Options to old Park Lane Capital PLC * Approval of the proposed issue of Securities * Approval of the proposed issue of Options to Ms Eve Howell * Approval of the proposed issue of Options to Mr Max de Vietri * Approval of the proposed issue of Options to EMR Resources Pty Ltd * Approval of Execution of Directors Deeds Of Access, Indemnity and Insurance * Approval of cancellation of Shares

The full Notice of Meeting and associated Explanatory Memorandum can be found on the company's website at www.tangierspetroleum.com

IMPORTANT INFORMATION

TIME AND PLACE OF MEETING

Notice is given that the General Meeting of the Shareholders to which this Notice of Meeting relates will be held at 10am (WST) on 16 November 2012 at:

Country Womans Association House Meeting Room1176 Hay Street, West Perth WA 6005

YOUR VOTE IS IMPORTANT

The business of the General Meeting affects your shareholding and your vote is important.

VOTING ELIGIBILITY

The Directors have determined pursuant to Regulation 7.11.37 of the Corporations Regulations 2001 (Cth) that the persons eligible to vote at the General Meeting are those who are registered Shareholders at 10am (WST) on 14 November 2012.

VOTING IN PERSON

To vote in person, attend the General Meeting at the time, date and place set out above.

VOTING BY PROXY

A Member entitled to attend and to vote at the General Meeting is entitled to appoint a proxy to attend and to vote instead of the Member. The proxy need not be a Member and can be an individual or a body corporate. If a Member appoints a body corporate as a proxy, that body corporate will need to ensure that it:

a. appoints an individual as its corporate representative to exercise its

powers at the General Meeting, in accordance with section 250D of the

Corporations Act; and

b. provides satisfactory evidence of the appointment of its corporate

representative prior to commencement of the General Meeting.

If such evidence is not received before the General Meeting, then the body corporate (through its representative) will not be permitted to act as a proxy.

Members are entitled to appoint up to two individuals to act as proxies to attend and vote on their behalf. Where more than one proxy is appointed, each proxy must be appointed to represent a specified proportion of the Member's voting rights.

A proxy must be signed by the Member or his/her attorney duly authorised in writing or, if the Member is a corporation, under its common seal or under the hand of an authorised officer or attorney. The Proxy Form and the power of attorney or other authority (if any) under which the Proxy Form is signed, or a copy or facsimile which appears on its face to be an authentic copy of that proxy, power or authority, must be returned to Tangier's registered office at an address given below by no later than 10am (WST) on 14 November 2012:

a. post: Computershare Investor Services Pty Limited GPO Box 242

Melbourne, Victoria 3001 Australia

b. facsimile: 1800 783 447 (within Australia) or +61 3 9473 2555 (outside

Australia)

If the Shares are registered in the name of more than one person, all such Members must sign the Proxy Form. To be valid, a Proxy Form and the Power of Attorney under which it is signed or proof thereof must be to the satisfaction of the Directors.

A full copy of the Notice of General Meeting is available from the Company's website at www.tangierspetroleum.com.

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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