Change in Directors Interest Notice x 3

24 October 2014 TANGIERS PETROLEUM LIMITED Change of Director's Interests Notices Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) ("Tangiers" or the "Company")advises that Change of Director's Interest Notices (3Y) for Messrs David Wall,Michael Evans and Stephen Staley have been released on the ASX today. Theshares issued to the directors were pursuant to the Company's Capital Raisingannounced on 19 September 2014 and approved by Shareholders at the GeneralMeeting held 20 October 2014. Sarah SmithJOINT COMPANY SECRETARY Tangiers Petroleum LimitedLevel 2, 5 Ord StreetWest Perth WA 6005, AustraliaPh: + 61 8 9485 0990www.tangierspetroleum.com Contacts RFC Ambrian LimitedAs 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 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 Michael John Evans Date of last notice 12 June 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 Indirect Nature of indirect interest Tevlo Pty Ltd (including registered holder) Note: Provide details of thecircumstances giving rise to therelevant interest. Date of change 22 October 2014 No. of securities held prior to change Direct (Michael Evans) 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 Class Fully paid ordinary shares Number acquired 4,166,667 Number disposed Nil Value/Consideration $25,000 Note: If consideration is non-cash,provide details and estimated valuation No. of securities held after change Direct (Michael John Evans) 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) Indirect (Tevlo Pty Ltd ) 4,166,667 Fully paid ordinary shares Nature of change Participation in Company Share Placement as approved at Shareholder'sExample: on-market trade, off-market meeting on 20 October 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 prior tochange Note: Details are only requiredfor a contract in relation towhich the interest has changed Interest acquired n/a Interest disposed n/a Value/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 Nodetailed 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? Rule 3.19A.2 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 George Henry Stephen Staley Date of last notice 12 June 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 22 October 2014 No. of securities held prior to change 2,000,000 Unlisted options exercisable at $0.28 on or before 12 June 2017 Class Fully paid ordinary shares Number acquired 4,166,667 Number disposed Nil Value/Consideration $25,000 Note: 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 4,166,667 Fully paid ordinary shares Nature of change Participation in Company Share Placement as approved at Shareholder'sExample: on-market trade, off-market meeting on 20 October 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 prior tochange Note: Details are only requiredfor a contract in relation towhich the interest has changed Interest acquired n/a Interest disposed n/a Value/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 Nodetailed 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? Rule 3.19A.2 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 David James Wall Date of last notice 12 June 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 Indirect Nature of indirect interest David James Wall (including registered holder) Note: Provide details of thecircumstances giving rise to therelevant interest. Date of change 22 October 2014 No. of securities held prior to change Indirect (David James Wall ) 4,500,000 Fully paid ordinary shares (subject to vesting conditions) 1,062,500 Fully paid ordinary shares Indirect (D J Wall ) 187,500 Fully paid ordinary shares Class Fully paid ordinary shares Number acquired 4,166,666 Number disposed Nil Value/Consideration $25,000 Note: If consideration is non-cash,provide details and estimated valuation No. of securities held after change Indirect (David James Wall ) 4,500,000 Fully paid ordinary shares (subject to vesting conditions) 5,229,166 Fully paid ordinary shares Indirect (D J Wall ) 187,500 Fully paid ordinary shares Nature of change Participation in Company Share Placement as approved at Shareholder'sExample: on-market trade, off-market meeting on 20 October 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 prior tochange Note: Details are only requiredfor a contract in relation towhich the interest has changed Interest acquired n/a Interest disposed n/a Value/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 Nodetailed 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? ASX: TPT AIM: TPET www.tangierspetroleum.com 103 Level 2, 5 Ord Street, West Perth WA 6005 PO Box 1674, West Perth WA 6872Australia Phone +61 8 9485 0990 Fax +61 8 9321 8990 ABN 80 072 964 179

ASX: TPT AIM: TPET