Ashley Garnot

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) is pleased to report the filing of its financial results for the interim period ending June 30, 2023. A copy of TAG Oil’s financial statements and management discussion and analysis for the interim period ending June 30, 2023 are available on SEDAR+ (www.sedarplus.ca) and on the Company’s website. Highlights over the period include that the Company had C$15.5 million (March 31, 2023: C$19.5 million) in cash and cash equivalents and C$17.9 million (March 31, 2023: C$21.6 million) in working capital and has no debt. TAG Oil recently announced

NOT FOR DISSEMINATION IN THE UNITED STATES TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) is pleased to announce the closing of its bought-deal public offering of 20,240,542 common shares of the Company (the “Common Shares”) at a price of $0.58 per Common Share for aggregate gross proceeds to the Company of approximately $11,739,514, including the partial exercise of the over-allotment option (the “Offering”). The Offering was completed pursuant to an underwriting agreement dated effective July 31, 2023, entered into among the Company and a syndicate of underwriters led by Research Capital Corporation as the lead underwriter

NOT FOR DISSEMINATION IN THE UNITED STATES TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) is pleased to announce that the first horizontal well, BED4-T100 (“T100”) in the Badr Oil Field (“BED-1”) in the Western Desert of Egypt, has commenced drilling and is currently through a depth of 600 meters. The well will target oil in the Abu-Roash “F” (“ARF”) unconventional tight, carbonate reservoir at projected depth total vertical depth of 3,300 meters. The decision to spud the T100 well is the result of careful planning and comprehensive geological and geophysical studies conducted by TAG

NOT FOR DISSEMINATION IN THE UNITED STATES TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) is pleased to announce that it has upsized its previously announced bought-deal public offering (the “Offering”) to $11,000,048 in aggregate gross proceeds. The Company has entered into a revised agreement with Research Capital Corporation as the lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, including Echelon Wealth Partners Inc., Canaccord Genuity Corp., and Haywood Securities Inc. (collectively, the “Underwriters”), to purchase, as principal on a bought-deal basis, 18,965,600 common shares of the Company (the “Common Shares”)

NOT FOR DISSEMINATION IN THE UNITED STATES TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) is pleased to announce that it has entered into an agreement with Research Capital Corporation as the lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, including Echelon Wealth Partners Inc., Canaccord Genuity Corp., and Haywood Securities Inc. (collectively, the “Underwriters”), to purchase, as principal on a bought-deal basis, 17,250,000 common shares of the Company (the “Common Shares”) at a price of $0.58 per Common Share for aggregate gross proceeds to the Company of $10,005,000 (the “Offering”).

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) is pleased to report the filing of its financial results for the fiscal year ending March 31, 2023. A copy of TAG Oil’s financial statements, management discussion and analysis, and annual information form for its most recently completed financial year are available on SEDAR (www.sedar.com) and on the Company’s website. Highlights over the period include that the Company had C$19.5 million (March 31, 2022: C$13.3 million) in cash and cash equivalents and C$21.6 million (March 31, 2022: C$15.4 million) in working capital and has no debt. TAG Oil

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) is pleased to announce that its senior executive team will be hosting a live conference call on Thursday, July 6, 2023 at 7:00 AM PST / 10:00 AM EST for investors to discuss TAG Oil’s updated corporate presentation. A copy of the corporate presentation can be viewed at the Company’s website by accessing the following link. Interested parties will be able to access the conference call via live teleconference in listen-only mode by dialing: Canada/USA Toll Free: 1-800-319-4610; or International Toll: +1-604-638-5340. Callers should dial in 5

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to provide the following operations update at the BED-1  Field in the Western Desert, Egypt: BED 1-7 Well Production Since initial flowback of the BED 1-7 well on April 23, 2023, the well started by unloading to surface completion fluid from the fracture stimulation and formation oil under natural flow; the Company temporarily shut-in the well to install production tubing and down-hole Electric Submersible Pump (“ESP”). The BED 1-7 well started production on May 19, 2023, from the Abu-Roash “F” (“ARF”) reservoir with the ESP pump at rates of 150

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to announce the successful re-entry of the vertical well, BED 1-7, at the Badr Oil Field (“BED-1”) in the Western Desert, Egypt. The Company perforated the Abu Roash “F” formation (“ARF Formation”) and conducted a Diagnostic Fracture Injectivity Test (DFIT). The reservoir was further fracture stimulated with a large 110 tons sand treatment and pump schedule with positive response confirming reservoir models and projected performance. On flowback, the well unloaded to surface under natural flow and cleaned up approximately 40% of the injected fracture fluid with significant presence of 230

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to announce the successful re-entry of the vertical well, BED 1-7, at the Badr Oil Field (“BED-1”) in the Western Desert, Egypt. The Company perforated the Abu Roash “F” formation (“ARF Formation”) and conducted a Diagnostic Fracture Injectivity Test (DFIT). The reservoir was further fracture stimulated with a large 110 tons sand treatment and pump schedule with positive response confirming reservoir models and projected performance. On flowback, the well unloaded to surface under natural flow and cleaned up approximately 40% of the injected fracture fluid with significant presence of 230