Delay in Lodging Half-Yearly Accounts

15 September 2014 TANGIERS PETROLEUM LIMITED Half Yearly Accounts Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) ("Tangiers" or the "Company")acknowledges the requirements of ASX Listing Rule 4.2B to lodge its half yearlyreport on or before that day which is 75 days after the end of the accountingperiod. The Company's half year report is in the process of being prepared and will belodged following an announcement in relation to Tangiers' funding obligationfor the TAO-1 exploration well, which is currently expected to be releasedbefore the commencement of trading on 17 September 2014. About Tangiers Petroleum: Tangiers Petroleum is an Australian-based oilexplorer with assets offshore Morocco in shallow water. Tangiers has a 25 percent participating interest in the Tarfaya Offshore Block, which is beingoperated by Galp Energia with a 50 per cent interest. The remaining 25 percentinterest is held by ONHYM (Morocco's National Office of Hydrocarbons andMines), which is carried through the exploration phase. SARAH SMITHJoint Company SecretaryTangiers Petroleum LimitedLevel 2, 5 Ord StreetWest Perth WA 6005, AustraliaPh: + 61 8 9485 0990www.tangierspetroleum.com ContactsRFC Ambrian LimitedAs Nominated AdviserMr Oliver Morse / Ms Trinity McIntyre+61 8 9480 2500As Corporate BrokerMr Charlie Cryer+44 20 3440 6800