Suspension of Shares

2 December 2013 TANGIERS PETROLEUM LIMITED Suspension of Shares Tangiers Petroleum Limited (ASX:TPT, AIM:TPET, "Tangiers" or "the Company")announces that its shares have been placed in a trading halt on the ASX and ina suspension on the AIM market pending the release of an announcement inrelation to a potential corporate transaction. Tangiers currently expects to beable to make a further announcement on this by Wednesday 4 December 2013. Tangiers 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