Change of Director's Interest Notice

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 David James Wall Date of last notice 22 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 and indirect Nature of indirect interest D J Wall Super Fund(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: Fully paid ordinary shares Number acquired A: 4,500,000 B: 1,250,000 Number disposed Nil Value/Consideration A: $0.42Note: If consideration is non-cash, B: $0.16 per shareprovide details and estimated valuation No. of securities held after change Direct: 4,500,000 Fully paid ordinary shares (subject to vesting conditions) 1,062,500 Fully paid ordinary shares Indirect: 187,500 Fully paid ordinary shares 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: Placement Participationplan, 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?