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Result of AGM

30th May 2013 07:35

TANGIERS PETROLEUM LIMITED - Result of AGM

TANGIERS PETROLEUM LIMITED - Result of AGM

PR Newswire

London, May 30

30 May 2013 TANGIERS PETROLEUM LIMITED ANNUAL GENERAL MEETING RESULTS

The following information is provided in relation to the resolutions passed bythe members of Tangiers Petroleum Limited (ASX: TPT, AIM: TPET, "Tangiers","Company") at its Annual General Meeting held on 30 May 2013.

Resolution 1: Adoption of Remuneration Report

The total number of proxy votes exercisable by proxies validly appointed was23,922,652.

The motion was carried on a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 22,430,262 704,156 627,669 160,565

Resolution 2: Re-election of Mr Brent Villemarette as an Executive Director

The total number of proxy votes exercisable by proxies validly appointed was23,922,652.

The motion was carried as an ordinary resolution on a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 23,120,976 166,430 627,669 7,577

Resolution 3: Ratification of a Previous Issue of Options

The total number of proxy votes exercisable by proxies validly appointed was23,922,652.

The motion was carried as an ordinary resolution on a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 18,025,098 4,457,169 627,669 812,716

Resolution 4: Approval of the Employee Share Incentive Plan (Plan)

The total number of proxy votes exercisable by proxies validly appointed was23,710,352.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 10,863,411 12,374,562 412,511 269,310 The motion was not carried as an ordinary resolution on a poll, the details ofwhich are: FOR AGAINST ABSTAIN 12,168,622 13,547,262 57,010

The latest Company presentation given at today's Annual General Meeting isavailable on the Company's website: www.tangierspetroleum.com.au

Robert DaltonJoint Company SecretaryTangiers 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 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


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