88 Energy Regulatory News (88E)

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 George Henry Stephen Staley 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 Unlisted options exercisable at $0.28 on or before 12 June 2017 Number acquired 2,000,000 Number disposed Nil Value/Consideration NilNote: If consideration is non-cash,provide details and estimated valuation No. of securities held after change 2,000,000 Unlisted options exercisable at $0.28 on or before 12 June 2017 Nature of change Options issued following shareholder approval at AGM of the Company on 12Example: on-market trade, off-market June 2014.trade, 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/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 priorto changeNote: Details are onlyrequired for a contract inrelation to which the interesthas 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?