88 Energy Regulatory News (88E)

17 June 2014 TANGIERS PETROLEUM LIMITED Change of Director's Interests Clarification Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) ("Tangiers" or the "Company")advises that an updated version of the Change of Director's Interest Notice(3Y) provided for Mr. Michael Evans, Chairman, announced on Friday 13 June 2014(and amended on 16 June 2014), has been released on the ASX today. Thecorrection amends the exercise price of unlisted options to A$0.42 per share.Vesting conditions remain the same. David WallMANAGING DIRECTOR Tangiers Petroleum LimitedLevel 2, 5 Ord StreetWest Perth WA 6005, AustraliaPh: + 61 8 9485 0990www.tangierspetroleum.com Contacts RFC Ambrian Limited As Nominated AdviserMr Oliver Morse / Ms Trinity McIntyre+61 8 9480 2500 As Corporate BrokerMr Charlie Cryer+44 20 3440 6800 Mr Ed Portman (Media and Investor Relations - United Kingdom)Tavistock Communications+44 20 7920 3150 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 LIMITEDABN 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 Michael John Evans Date of last notice 9 April 2014 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 Nature of indirect interest(including registered holder)Note: Provide details of thecircumstances giving rise to therelevant interest. Date of change 12 June 2014 No. of securities held prior to change Nil Class A: Fully paid ordinary shares B: Unlisted options exercisable at $0.42 on or before 12 June 2017 Number acquired A: 1,000,000 B: 1,000,000 Number disposed Nil Value/Consideration A: $0.29 per shareNote: If consideration is non-cash, B: Nilprovide details and estimated valuation No. of securities held after change 1,000,000 Fully paid ordinary shares (subject to vesting conditions) 1,000,000 Unlisted options exercisable at $0.42 on or before 12 June 2017 (subject to vesting conditions) Nature of change A: Issue of Securities at AGM of the Company on 12 June 2014 under TangiersExample: on-market trade, off-market Share Plantrade, exercise of options, issue ofsecurities under dividend reinvestment B: Options issued following shareholderplan, participation in buy-back approval at AGM of the Company on 12 June 2014. 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/a Nature of interest n/a Name of registered holder n/a(if issued securities) Date of change n/a No. and class of securities to n/awhich interest related prior tochangeNote: Details are only requiredfor a contract in relation towhich the interest has changed Interest acquired n/a Interest disposed n/a Value/Consideration n/aNote: 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?