Ashley Garnot

Vancouver, B.C. – April 19, 2018 – International exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF), reports that it has secured a revolving credit facility of up to US$10,000,000 with a large New Zealand based lender. The revolving credit facility, which is secured against TAG Oil’s producing Taranaki Basin assets, has been put into place for an initial period of 12 months. The facility can be drawn by TAG Oil upon request, with balances charged at an interest rate of LIBOR + 3.0% per annum. As part of the credit facility, TAG Oil has agreed to

International exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF), reports that the Pukatea-1 well was completed at the Mt. Messenger formation, where 12.9 meters of oil-and-gas bearing sands were perforated. Following perforation, a flow test was completed during which the well flowed naturally at a rate of up to 600 b/d of fluids on initial well clean-up. Over a 12-hour test period using a 24/64” choke setting, the well flowed at a stabilized rate of ~276 boe/d (74% oil) without the need for artificial lift. Toby Pierce, TAG Oil’s CEO, commented, “This very encouraging flow test

TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) is pleased to provide the following update with respect to TAG Oil’s operated Pukatea-1 exploration well located in the Puka permit (PEP 51135, 70% TAG Oil) in the Taranaki Basin of New Zealand. Pukatea-1 has reached a final total depth of ~3,100m measured depth after penetrating a (faulted) thickened overlying interval of basement rock without intersecting the Tikorangi Limestone formation. TAG Oil is encouraged by the intermittent hydrocarbon shows that were recorded within the section between ~2,520m and ~2,680m measured depth, and will proceed to run detailed

Vancouver, B.C. – February 14, 2018 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) reports its third quarter results for the interim period ending December 31, 2017, highlighted by a 6% increase in revenues and a 40% increase in operating netbacks from the previous quarter. Toby Pierce, TAG Oil’s CEO, commented “I am very pleased with both the increase in operating netbacks and the revenues quarter-over-quarter despite the modest declines in production. With temporary production issues experienced in Q3, which are being addressed, we anticipate increased production in the next quarter. Furthermore, with stronger

Vancouver, B.C. – February 12, 2018 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) is pleased to provide a positive update on its Pukatea-1 exploration well, which was spudded on January 24, 2018. The Pukatea-1 well is located in TAG Oil’s operated Puka permit (PEP 51135, 70% TAG Oil) in the Taranaki Basin of New Zealand. Intermediate casing has been set and TAG Oil anticipates that it will take approximately seven to ten more days to reach the top of the primary deep Tikorangi Limestone formation target. The total current planned depth of the

Vancouver, B.C. – January 30, 2018 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) announces that its Founder, Chairman and Director, Alex P. Guidi, has resigned to pursue other opportunities, effective immediately. Alex P. Guidi commented, “I have sincerely enjoyed working with TAG Oil, but after an exciting thirty plus years in the international oil and gas industry, I am going to focus my attention on interests outside of this industry.” Mr. Guidi further stated, “At this time, I wish to thank everyone at TAG Oil and I am very grateful for the long-standing working relationships and friendships that

TAG Oil and its joint venture partner (Melbana Energy – 30% WI) have begun operations on the Pukatea-1 high-impact exploration well. The Nova-1 drill rig is expected to be mobilized to the drilling pad by mid-January…

Vancouver, B.C. – November 14, 2017 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) reports its second quarter results for the interim period ending September 30, 2017, highlighted by an 11% increase in revenues and a 34% increase in operating netbacks from the previous quarter. TAG Oil also added 809 gross acres to its petroleum mining permit portfolio with PMP 60291, which has been sectioned off from its existing Cheal East permit (PEP 54877). Toby Pierce, TAG Oil’s CEO, commented “The Company had a busy fiscal quarter in which we continued to lay the

Vancouver, B.C. – October 19, 2017 – TAG Oil Ltd. (“TAG”) (TSX: TAO and OTCQX: TAOIF) announces the following update on its operations in New Zealand and Australia. New Zealand Net production to TAG in New Zealand averaged approximately 1,110 boe/d over September, which is down slightly from the 1,169 boe/d (79% oil) average over the three months ended June 30, 2017. The decline is the result of several factors, but is primarily due to the Cheal-A12 well being shut-in due to a pump failure and the waterflood response taking longer than expected to begin increasing production. Recent workover activity

Vancouver, B.C. – September 6, 2017 – TAG Oil Ltd. (the “Company” or “TAG Oil”) (TSX: TAO and OTCQX: TAOIF) is pleased to announce the results from its 2017 annual general meeting of shareholders (the “Meeting”) held in Vancouver, B.C. on September 5, 2017. All six of the nominees listed in TAG Oil’s management information circular dated August 2, 2017, that were proposed by management for election to the board of directors at the Meeting were duly elected. The directors will remain in office until the next annual meeting of the Company’s shareholders or until their successors are elected or