Result of EGM

12 February 2015 TANGIERS PETROLEUM LIMITED 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 General Meeting held on 12 February 2015. Resolution 1: Disposal of Main Undertaking FOR AGAINST OPEN ABSTAIN 42,045,234 1,230,667 23,820,314 461,163 The motion was carried as an ordinary resolution on a show of hands. Resolution 2: Significant Change to Scale of Activities FOR AGAINST OPEN ABSTAIN 43,332,083 269,969 23,820,314 135,012 The motion was carried as an ordinary resolution on a show of hands. Resolution 3: Capital Raising FOR AGAINST OPEN ABSTAIN 42,835,546 753,437 23,810,314 158,081 The motion was carried as an ordinary resolution on a show of hands. Resolution 4: Participation of Director in Capital Raising - Michael Evans FOR AGAINST OPEN ABSTAIN 42,487,166 890,970 18,643,647 368,928 The motion was carried as an ordinary resolution on a show of hands. Resolution 5: Participation of Director in Capital Raising - David Wall FOR AGAINST OPEN ABSTAIN 42,487,166 890,970 13,893,648 368,928 The motion was carried as an ordinary resolution on a show of hands. Resolution 6: Participation of Director in Capital Raising - Stephen Staley FOR AGAINST OPEN ABSTAIN 42,487,166 890,970 23,810,314 368,928 The motion was carried as an ordinary resolution on a show of hands. Resolution 7: Participation of Director in Capital Raising - Brent Villemarette FOR AGAINST OPEN ABSTAIN 41,265,944 890,970 23,810,314 368,928 The motion was carried as an ordinary resolution on a show of hands. Resolution 8: ECP Options FOR AGAINST OPEN ABSTAIN 42,825,534 763,449 23,810,314 158,081 The motion was carried as an ordinary resolution on a show of hands. Resolution 9: Hartleys Options FOR AGAINST OPEN ABSTAIN 42,771,651 763,449 23,810,314 211,964 The motion was carried as an ordinary resolution on a show of hands. Resolution 10: Adoption of Incentive Option Scheme FOR AGAINST OPEN ABSTAIN 42,814,257 696,168 23,811,941 235,012 The motion was carried as an ordinary resolution on a show of hands. Resolution 11: Issue of Options to Director Under Scheme - Michael Evans FOR AGAINST OPEN ABSTAIN 42,099,450 1,091,553 23,810,314 556,061 The motion was carried as an ordinary resolution on a show of hands. Resolution 12: Issue of Options to Director Under Scheme -David Wall FOR AGAINST OPEN ABSTAIN 42,099,450 1,091,553 23,810,314 556,061 The motion was carried as an ordinary resolution on a show of hands. Resolution 13: Issue of Options to Director Under Scheme -Stephen Staley FOR AGAINST OPEN ABSTAIN 42,099,450 1,091,553 23,810,314 556,061 The motion was carried as an ordinary resolution on a show of hands. Resolution 14: Issue of Options to Director under Scheme -Brent Villemarette FOR AGAINST OPEN ABSTAIN 42,064,450 1,126,553 23,810,314 556,061 The motion was carried as an ordinary resolution on a show of hands. Resolution 15: Approval of Amended Share Plan FOR AGAINST OPEN ABSTAIN 42,516,459 868,273 23,710,478 462,168 The motion was carried as an ordinary resolution on a show of hands. Resolution 16: Ratification of Prior Issue - 86,883 Shares FOR AGAINST OPEN ABSTAIN 42,789,744 743,470 23,810,314 213,850 The motion was carried as an ordinary resolution on a show of hands. Resolution 17: Ratification of Prior Issue -2,279,712 Shares FOR AGAINST OPEN ABSTAIN 42,589,744 743,470 23,810,314 413,850 The motion was carried as an ordinary resolution on a show of hands. Resolution 18: Ratification of Prior Issue -1,000,000 Options FOR AGAINST OPEN ABSTAIN 42,589,732 743,482 23,810,314 413,850 The motion was carried as an ordinary resolution on a show of hands. Resolution 19: Ratification of Prior Issue -6,200,000 Options FOR AGAINST OPEN ABSTAIN 42,589,732 743,482 23,810,314 413,850 The motion was carried as an ordinary resolution on a show of hands. Resolution 20: Ratification of Prior Issue -12,000,000 Options FOR AGAINST OPEN ABSTAIN 42,567,082 766,132 23,810,314 413,850 The motion was carried as an ordinary resolution on a show of hands. Resolution 21: Change of Company Name FOR AGAINST OPEN ABSTAIN 41,901,884 626,449 23,811,941 217,104 The motion was carried as an ordinary resolution on a show of hands. Sarah Smith Joint Company Secretary Tangiers Petroleum Limited Level 2, 5 Ord Street West Perth WA 6005, Australia Ph: + 61 8 9485 0990 www.tangierspetroleum.com Contacts RFC Ambrian Limited As Nominated Adviser Mr Oliver Morse / Ms Trinity McIntyre +61 8 9480 2500 As Corporate Broker Mr Charlie Cryer

+44 20 3440 6800