TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: T0P) (“TAG Oil” or the “Company”) is pleased to provide an update on its ongoing corporate initiatives.   New Zealand Royalty Sale TAG Oil has received expressions of interest from multiple parties to acquire its New Zealand royalty interests. Interested parties are in the final stages of due diligence and are expected to submit binding offers on or before March 31, 2025, addressing all commercial terms for a definitive sale and purchase agreement. BED-1 Concession Several strategic international industry partners have signed non-disclosure agreements with TAG Oil, providing them with access to

TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: T0P) (“TAG Oil” or the “Company”) announces today that Mr. Toby Pierce has resigned as a director of the Company, effective January 6, 2025, and Mr. Pierce will also resign as a director of its subsidiaries in a timely manner, to focus on his other professional commitments. Mr. Pierce has been a director of the Company since June 1, 2015. Abby Badwi, TAG’s Executive Chairman and CEO, stated, “We would like to thank Toby for his valuable contributions as a director of TAG Oil throughout his tenure. On behalf of the