Top 20 Update

20 March 2014 TANGIERS PETROLEUM LIMITED Top 20 Shareholders As noted in the announcement on 18 March 2014, the offer period under thetakeover bid by Tangiers Petroleum Limited (ASX:TPT; AIM:TPET) (Tangiers) forall the shares and listed options in Jacka Resources Limited (ASX:JKA) closedon 18 March 2014 at 7.00pm (Sydney time). In accordance with ASX Listing Rule 3.4.1, the top 20 largest holders ofordinary shares in Tangiers as at the close of the offer period are set out asfollows. Shareholder No of Percentage Tangiers of total Shares Tangiers Shares (%) 1 ABLETT PTY LTD (DAVID EDWARDS FAMILY A/C) 6,550,000 3.75 2 AUSTRALIAN GLOBAL CAPITAL PTY LTD 6,085,509 3.49 3 PENINSULA INVESTMENTS (WA) PTY LTD 5,475,000 3.14 4 HSBC CUSTODY NOMINEES (AUSTRALIA) 4,757,145 2.73 5 BARCLAYSHARE NOMINEES LIMITED 3,390,457 1.94 6 PHANTOM WA PTY LTD (KIRKHAM FAMILY A/C) 3,142,165 1.80 7 HARGREAVES LANSDOWN (NOMINEES) LIMITED 2,913,339 1.67 (15942) 8 TD DIRECT INVESTING NOMINEES (EUROPE) 2,865,312 1.64 LIMITED (SMKTNOMS) 9 HARGREAVES LANSDOWN (NOMINEES) LIMITED 2,700,694 1.55 (VRA) 10 CITICORP NOMINEES PTY LIMITED 2,697,231 1.55 11 BANKSIA INVESTMENTS PTY LTD (BANKSIA INVEST 2,687,250 1.54 CORP S/F A/C) 12 MULATO NOMINEES PTY LTD 2,564,451 1.47 13 HARGREAVES LANSDOWN (NOMINEES) LIMITED 2,212,209 1.27 (HLNOM) 14 MS EVE HOWELL (THE HOWELL FAMILY TRUST A/C) 2,000,040 1.15 15 EKCO INVESTMENTS PTY LTD 2,000,000 1.15 16 L R NOMINEES LIMITED (NOMINEE) 1,877,122 1.08 17 MR GREGORY ROSS 1,789,629 1.03 18 DREAMLIGHT NOMINEES PTY LTD (THE TYREN A/C) 1,745,000 1.00 19 JP MORGAN NOMINEES AUSTRALIA 1,661,955 0.95 20 MARKET PROPERTIES PTY LTD 1,570,456 0.90 ROBERT DALTONJoint Company Secretary 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 Mr Ed Portman (Media and Investor Relations - United Kingdom)Tavistock Communications+44 20 7920 3150