Ashley Garnot

TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) is pleased to provide an operations update as the Company initiates Phase 1 of its strategic development program of the unconventional Abu Roash “F” (“ARF”) reservoir in the Badr Oil Field (“BED-1”) over the first half of 2023, consisting of the following: First Well Re-Completion: TAG Oil has chosen the BED 1-7 vertical well for its first re-completion and evaluation operations in BED-1. The well had previously tested at a peak rate of 418 barrels of 24ᵒ API oil and produced ~20,000 barrels of oil from the ARF

TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) is pleased to announce the results from its 2022 annual general meeting of shareholders (the “Meeting”) held today in Vancouver, B.C. Shareholders voted as follows on the matters before the Meeting. Election of Directors All six (6) of the nominees listed in TAG Oil’s management information circular dated November 2, 2022 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

TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) is pleased to report the filing of its financial results for the interim period ending September 30, 2022. A copy of TAG Oil’s financial statements and management discussion and analysis for the interim period ending September 30, 2022 are available on SEDAR and on the Company’s website. Highlights over the period include that the Company had C$9.2 million (June 30, 2022: C$13.1 million) in cash and cash equivalents and C$11.5 million (June 30, 2022: C$15.4 million) in working capital and has no debt. During the quarter ended September

TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) is pleased to announce the results of its independent resources evaluation of the Abu Roash “F” unconventional formation (“ARF”) in the Badr Oil Field (“BED-1”), Western Desert, Egypt, dated November 21, 2022 (the “BED-1 Report”), prepared by RPS Energy Canada Ltd. (“RPS”) and its previously announced independent reserves report associated with its royalty interests within Petroleum Mining Permit (“PMP”) 38156 (Cheal A/B), PMP 60291 (Cheal E) and PMP 53803 (Sidewinder) (collectively the “Permits”), onshore New Zealand, dated November 7, 2022 (the “Royalty Report”), prepared by ERC Equipoise Ltd.

TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) announces that further to its news release dated October 28, 2022, it has filed a revised annual information form for the year ended March 31, 2022, including the annual filings in accordance with Section 2.1 of National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities, which is associated with its New Zealand royalty interests. Further details of the Company’s reserves report prepared by ERC Equipoise Ltd., an independent qualified reserves evaluator appointed by the Company, will be available on TAG’s website. About TAG Oil Ltd.

TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) is pleased to announce the closing of its previously announced underwritten public offering (the “Offering”) of 63,250,000 common shares of the Company (the “Common Shares”), at a price of $0.40 per Common Share for aggregate gross proceeds of $25.3 million, including the full exercise of the over-allotment option. The Offering was conducted by a syndicate of underwriters led by Research Capital Corporation, as co-lead underwriter and sole-bookrunner and Echelon Capital Markets, as co-lead underwriter and Tennyson Securities. The Company intends to use the net proceeds of the Offering

TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) is pleased to announce that it has filed and obtained a receipt for its final short form prospectus with the securities regulatory authorities in each of the provinces of Canada (other than Québec) in relation to its previously announced underwritten public offering (the “Offering”) of common shares for $22 million in gross proceeds. The Offering is expected to close on or about November 3, 2022, or such other date as the Company and the Underwriters may agree. Closing of the Offering is subject to customary closing conditions, including,

TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) is pleased to announce that it has now formally entered into the previously announced petroleum services agreement (the “PSA”) with Badr Petroleum Company (“BPCO”) to commence development operations at the unconventional Abu Roash “F” reservoir  in the Badr Oil Field (“BED-1”), a 107 km2 (26,000 acres) concession located in the Western Desert of Egypt. The official PSA signing took place at the Egyptian General Petroleum Corporation (“EGPC”) offices in Cairo, Egypt, between Eng. Ibrahim Massoud, Chairman of BPCO, and Abby Badwi, Executive Chairman of TAG Oil, and present

TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) is pleased to announce that due to strong investor demand it has upsized its previously announced overnight marketed public offering (the “Offering”) of common shares (the “Common Shares”) from $20 million to $22 million in gross proceeds. The Company has entered into an underwriting agreement with a syndicate of underwriters led by Research Capital Corporation, as co-lead underwriter and sole-bookrunner and Echelon Capital Markets, as co-lead underwriter and Tennyson Securities (collectively, the “Underwriters”) for the sale of 55,000,000 Common Shares at a price of C$0.40 per Common Share

TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) is pleased to announce that it has filed a preliminary short form prospectus with the securities commissions in all provinces of Canada, except Québec, in connection with a marketed public offering (the “Offering”) of common shares (the “Common Shares”) in the capital of the Company seeking to raise aggregate gross proceeds of C$20,000,000. Final pricing of the Common Shares and the number of Common Shares to be sold pursuant to the Offering will be determined following marketing and in the context of the market. The Offering will be