Ashley Garnot

TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) announced today that it has entered into a definitive purchase and sale agreement dated October 14, 2020, with Australian-based Luco Energy Pty. Ltd. (“Luco”), a company owned by Ilwella Pty. Ltd. and AJ Lucas Services, to divest its Australian assets and operations as part of a strategic realignment of the Company’s oil and gas exploration and development activities. This is an arm’s length transaction that involves the sale by TAG Oil of the shares of its Australian subsidiary, Cypress Petroleum Pty Ltd., which holds the Company’s 100%

Vancouver, B.C. – September 25, 2020 – TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) announces the following corporate updates. Board of Directors Mr. Peter Loretto has resigned from his position as a non-executive director of the Company for personal reasons. TAG’s management and its board of directors would like to sincerely thank Mr. Loretto for his many contributions and commitment during his time with the Company. The Company’s board of directors now consists of Messrs. Abdel (Abby) Badwi (Executive Chairman), Toby Pierce (CEO), Shawn Reynolds, Thomas Hickey, Keith Hill, and Gavin Wilson. Stock Options TAG also announces the grant

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to announce the following corporate updates. Management and Board of Directors Mr. Abdel (Abby) Badwi has joined the Company as Executive Chairman of the board of directors, along with Mr. Suneel Gupta who has been appointed as VP and COO of the Company. Messrs. Shawn Reynolds and Thomas Hickey have also been appointed to TAG’s board of directors as non-executive directors. Mr. Toby Pierce commented “On behalf of TAG’s management and board of directors, I would like to welcome Mr. Badwi and Mr. Gupta to the management team of the

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to report the filing of its first quarter results for the interim period ending June 30, 2020. Highlights over the period include: As at June 30, 2020, the Company had $15.0 million (March 31, 2020: $41.5 million) in cash and cash equivalents and $17.4 million (March 31, 2020: $43.7 million) in working capital. On April 14, 2020, a return of capital in the amount of $0.30 per common share (~$25.6 million in cash) was paid to all shareholders of record of the common shares of the Company on March 27,

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to report the filing of its annual and fourth quarter results for the fiscal year ending March 31, 2020 and to provide the following corporate update: On September 25, 2019, TAG completed the sale of substantially all of its Taranaki Basin assets and operations in New Zealand and at March 31, 2020, the Company had $41.5 million (March 31, 2019: $1.9 million) in cash and cash equivalents and $41.3 million (March 31, 2019: $0.06 million) in working capital. On April 14, 2020, a return of capital in the amount of

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to provide the following corporate update: Further to TAG’s release dated June 29, 2020, the Company expects that its annual filings for the fiscal year ending March 31, 2020 will be filed on or around August 13, 2020. TAG’s current cash balance stands at ~C$15 million, with working capital at ~C$14.8 million. TAG has received a total of C$0.45 million in royalty payments from Tamarind Resources Pte. Ltd. (“Tamarind”), which will increase by C$132,000 upon receipt of the next completed quarterly payment for the period ended June 30, 2020. Future

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) announces that the release of its annual financial statements for the fiscal year ending March 31, 2020 (the “Annual Financial Statements”) and associated management discussion and analysis (the “MD&A”) will be delayed. The Company will be relying on the 45-day filing and delivery extension for periodic filings required to be made on or before August 31, 2020 as provided by BC Instrument 51-517 – Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020 (“BCI 51-517”) in respect of: the requirement to file

TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) confirms that in accordance with its release dated June 12, 2020, the TSX Venture Exchange (“TSX-V”) has approved the Company’s application to trade on the TSX-V, and that the Company will voluntary de-list its common shares from the Toronto Stock Exchange (“TSX”). TAG’s common shares will continue to trade on the TSX until the close of trading on June 26, 2020. At the opening of the market on June 29, 2020, TAG’s common shares will be listed for trading on the TSX-V. There will be no interruption in trading of the Company’s

As we announced in our March 16 news release, TAG Oil will be returning C$0.30 per share back to our shareholders on a due bill basis. TAG Oil CEO Toby Pierce wrote the following message to shareholders to explain the process. I have had a number of questions on this, so I thought I would try and explain more fully this process and what it means for TAG Oil’s shares/shareholders.  Bottom line – you need to hold the shares of TAG Oil through April 14th closing to receive the 30 cent return of capital distribution.  If you want to sell prior to

TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) has conducted a detailed evaluation of the overall business environment and opportunities for the Company to create long-term value for its shareholders following the New Zealand asset sale. TAG’s Board and management have determined that a return of capital to its shareholders in the amount of C$0.30 per common share (~C$25.6 million in cash), in accordance with Canadian income tax law, is in the best interest of shareholders. The return of capital is scheduled to be paid on April 14, 2020 (payment date) to all shareholders of record of the common shares of