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Results of General Meeting

26th Mar 2012 09:20

26 March 2012 TANGIERS PETROLEUM LIMITED GENERAL MEETING RESULTS

The following information is provided in relation to the resolutions passed by the members of Tangiers Petroleum Limited at its General Meeting held on 26 March 2012.

Resolution 1: Ratification of Previous Issue of Shares

The total number of proxy votes exercisable by proxies validly appointed was 24,292,501.

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 24,287,126 75 - 5,300

Resolution 2: Approval of Issue of Options to Shore Capital Stockbrokers

The total number of proxy votes exercisable by proxies validly appointed was 24,292,501.

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 24,287,126 5,375 - -

Resolution 3: Approval of Issue of Options to Old Park Lane PLC

The total number of proxy votes exercisable by proxies validly appointed was 24,292,501.

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 24,287,126 5,375 - -

Resolution 4: Approval of Issue of Options to Casimir Capital LP

The total number of proxy votes exercisable by proxies validly appointed was 24,292,501.

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 24,287,126 5,375 - -

Resolution 5: Approval of Issue of Options to Carmichael Corporate

The total number of proxy votes exercisable by proxies validly appointed was 24,292,501.

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 24,287,126 5,375 - - KRYSTEL KIROUJoint Company SecretaryTangiers Petroleum Limited14 Emerald TerraceWest Perth, WA, 6005Ph: +61 (8) 9322 2700Fax: +61 (8) 9322 7211www.tangierspetroleum.comContactsMr Mark CeglinskiChairman+61 8 9263 5205

RFC Corporate Finance Limited (Nominated Adviser)

Mr Stuart Laing

+61 8 9480 2506

Old Park Lane Capital PLC (Joint AIM Broker)

Mr Michael ParnesMr Luca Tenuta+ 44 20 7493 8188

Shore Capital Stockbrokers Ltd (Joint AIM Broker)

Mr Jerry KeenMr Bidhi Bhoma+ 44 20 7408 4090

Casimir Capital (Principal American Liaison)

Mr Stephen Silver

+1 212 798 1372

Mr Paul Youens / Mr Ed Portman (Media and Investor Relations - United Kingdom)

Tavistock Communications

+44 20 7920 3150

Mr Bill Kemmery

Fortbridge Consulting

+61 400 122 449


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