88 Energy Regulatory News (88E)

Rule 3.19A.1 Appendix 3X Initial Director's Interest Notice Name of entity TANGIERS PETROLEUM LIMITED ABN 80 072 964 179 We (the entity) give ASX the following information under listing rule 3.19A.1and as agent for the director for the purposes of section 205G of theCorporations Act. Name of Director George Henry Stephen Staley Date of appointment 9 April 2014 Part 1 - Director's relevant interests in securities of which the director isthe registered holder 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. Number & class of securities Nil. Part 2 - Director's relevant interests in securities of which the director isnot the registered holder In the case of a trust, this includes interests in the trust made available bythe responsible entity of the trust Name of holder & nature of Number & class of Securitiesinterest Note: Provide details of thecircumstances giving rise tothe relevant interest. Nil. Part 3 - 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 Derwent Resources Limited provides consultancy services to Tangiers Petroleum under a commercial services contract. Nature of interest Controlling shareholder and Director of Derwent Resources Limited. Name of registered holder N/A (if issued securities) No. and class of securities to N/Awhich interest relates Appendix 3X

Initial Director's Interest Notice