TAG Oil Ltd. (TSXV: TAO, OTCQB: TAOIF, and FSE: T0P) (“TAG Oil” or the “Company”) is pleased to announce that, due to strong investor demand, it has upsized its previously announced brokered, best-efforts offering to $10,000,000 of units of the Company (the “Units”) at a price of $0.10 per Unit. The Offerings (as defined herein) are led by Research Capital Corporation as the lead agent and sole bookrunner, on behalf of a syndicate of agents (collectively, the “Agents”). The Offerings shall consist of: $5,640,000 of Units, to be issued on a prospectus-exempt basis pursuant to the LIFE Exemption (defined below)

TAG Oil Ltd. (TSXV: TAO, OTCQB: TAOIF, and FSE: T0P) (“TAG Oil” or the “Company”) is pleased to announce that it has entered into an agreement with Research Capital Corporation as the lead agent and sole bookrunner, on behalf of a syndicate of agents (together, the “Agents”), in connection with a brokered, best-efforts listed issuer financing exemption private placement offering (the “Offering”) of units of the Company (the “Units”) at a price of $0.10 per Unit (the “Issue Price”) for aggregate gross proceeds to the Company of up to $5,000,000. Each Unit will consist of one common share of the