Resignation of AIM Broker

29 April 2014 TANGIERS PETROLEUM LIMITED Resignation of broker Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) ("Tangiers" or the "Company")announces today that it has received notice of Peel Hunt LLP's resignation ascorporate broker to the Company, with the resignation to become effective on 28May 2014. RFC Ambrian Limited remains the Company's Nominated Adviser. The Companyintends to appoint a new broker in the near future, on or before 28 May 2014. END 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 Oliver Morse / Ms Trinity McIntyre+61 8 9480 2500 Mr Ed Portman (Media and Investor Relations - United Kingdom)Tavistock Communications+44 20 7920 3150