Suspension of Shares on AIM

4 February 2014 TANGIERS PETROLEUM LIMITED Suspension of Shares on AIM Tangiers Petroleum Limited ("Tangiers" or the "Company") advises that furtherto its release earlier today in relation to the resignation of two directorsand the suspension of its shares on the Australian Securities Exchange ("ASX"),trading in its shares will also be suspended on AIM forthwith pending the appointmentof new directors in order to validly constitute the Company's board under itsconstitution. ROBERT DALTONJoint Company SecretaryTangiers Petroleum LimitedLevel 2, 5 Ord StreetWest Perth WA 6005, AustraliaPh: + 61 8 9485 0990 www.tangierspetroleum.com ContactsRFC 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 Mr Ed Portman (Media and Investor Relations - United Kingdom)Tavistock Communications+44 20 7920 3150