88 Energy Regulatory News (88E)

1 October 2013 Appendix 3Y Change of Director's Interest Notice Information or documents not available now must be given to ASX as soon asavailable. Information and documents given to ASX become ASX's property and maybe made public. Introduced 30/09/01 Amended 01/01/11 Name of entity TANGIERS PETROLEUM LIMITED ABN 80 072 964 179 We (the entity) give ASX the following information under listing rule 3.19A.2and as agent for the director for the purposes of section 205G of theCorporations Act. Name of Director Maximillian Francesco de Vietri Date of last notice 28 November 2012 Part 1 - Change of director's relevant interests in securities In the case of a trust, this includes interests in the trust made available bythe responsible entity of the trust Note: In the case of a company, interests which come within paragraph (i) ofthe definition of "notifiable interest of a director" should be disclosed inthis part. Direct or indirect interest Direct and Indirect Nature of indirect interest Max de Vietri Group Pty Ltd ATF Max de(including registered holder) Vietri Retirement Fund Note: Provide details of thecircumstances giving rise to therelevant interest. Date of change A: 26 September 2013 B: 30 September 2013 No. of securities held prior to change Direct: 666,667 Unlisted options exercisable at $0.28 on or before 26 November 2015 (voluntary escrow for a period of 12 months to 26 November 2013) 500,000 Unlisted options exercisable at $0.28 on or before 26 November 2015 (vesting conditions apply) 1,000,000 Unlisted options exercisable at $0.28 on or before 26 November 2015 Class A: Listed options exercisable at $0.16 on or before 31 October 2013 B: Fully paid ordinary shares Number acquired A: 250,000 B: 250,000 Number disposed Nil Value/Consideration A: $7,500Note: If consideration is non-cash, B: $40,000provide details and estimated valuation No. of securities held after change Indirect: 250,000 Fully paid ordinary shares Direct: 666,667 Unlisted options exercisable at $0.28 on or before 26 November 2015 (voluntary escrow for a period of 12 months to 26 November 2013) 500,000 Unlisted options exercisable at $0.28 on or before 26 November 2015 (vesting conditions apply) 1,000,000 Unlisted options exercisable at $0.28 on or before 26 November 2015 Nature of change A: Off-market tradeExample: on-market trade, off-market B: Exercise of optionstrade, exercise of options, issue ofsecurities under dividend reinvestmentplan, participation in buy-back Part 2 - Change of director's interests in contracts Note: In the case of a company, interests which come within paragraph (ii) ofthe definition of "notifiable interest of a director" should be disclosed inthis part. Detail of contract n/aNature of interest n/aName of registered holder n/a(if issued securities)Date of change n/aNo. and class of securities to n/awhich interest related priorto change Note: Details are onlyrequired for a contract inrelation to which the interesthas changed Interest acquired n/aInterest disposed n/aValue/Consideration n/a Note: If consideration isnon-cash, provide details andan estimated valuation Interest after change n/a Part 3 - +Closed period Were the interests in the securities or contracts n/adetailed above traded during a +closed periodwhere prior written clearance was required? If so, was prior written clearance provided to n/aallow the trade to proceed during this period? If prior written clearance was provided, on what n/adate was this provided?