Ashley Garnot

TAG Oil Ltd.  is pleased to provide this corporate update on its operations in New Zealand and Australia and report that its current gross daily rate of production has increased to over 1,800 boe/d (80% oil) following the recent successful workover campaign. Transaction with Tamarind TAG and Tamarind Resources Pte. Ltd (“Tamarind”)have mutually agreed to extend the closing date of the transaction under the share and asset purchase agreement to July 15, 2019. TAG and Tamarind are working diligently to close the transaction in a timely manner.  Final approval from New Zealand Petroleum and Minerals for thesale and transfer of

Vancouver, B.C. – April 3, 2019 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to report that its current gross daily rate of production is over 1,700 boe/d (80% oil) following the recent successful workover campaign, and to provide the following corporate update on its operations in Australia and New Zealand. Transaction with Tamarind TAG is currently waiting for final approval from New Zealand Petroleum and Minerals (“NZP&M”) for thesale and transfer of operatorship to Tamarind Resources Pte. Ltd (“Tamarind”) of its New Zealand operations. TAG and Tamarind remain committed to closing the transaction within two weeks

Vancouver, B.C. – March 5, 2019 – International oil and gas explorer, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce that Tamarind Resources Pte. Ltd. (“Tamarind”) has received approval from the New Zealand Overseas Investment Office in relation to the purchase of TAG’s New Zealand assets. More specifically, consent has been granted under New Zealand’s Overseas Investment Act 2005 for the transfer of ownership of TAG’s Taranaki Basin assets to Tamarind NZ Onshore Limited, a wholly-owned subsidiary of Tamarind. Closing of the transaction is subject to the final pending approval from New Zealand Petroleum and Minerals

Vancouver, B.C. – February 14, 2019 – International oil and gas explorer, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to report its third quarter results for the interim period ending December 31, 2018. Of notefor the quarter, revenues generated from oil and gas sales increased by 12% along with a 1% increase in net daily production. Q3 2019 HIGHLIGHTS   At December 31, 2018, the Company had $2.8 million (September 30, 2018: $3.2 million) in cash and cash equivalents and $3.1 million (September 30, 2018: $2.4 million) in working capital. Average net daily production increased by 1%

Vancouver, B.C. – January 29, 2019– International oil and gas explorer, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF), reports that the Toronto Stock Exchange (the “TSX”) has approved TAG’s request to commence a normal course issuer bid to purchase and cancel up to 6,441,258 of its common shares, which is 10% of its 64,412,580 common shares in the public float as at January 18, 2019. TAG has appointed Echelon Wealth Partners to conduct the purchases through the facilities of the TSX. The purpose of the normal course issuer bid is to purchase the common shares of TAG for cancellation.

Vancouver, B.C. – January 3, 2019 – International oil and gas explorer, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to report that at the special meeting of TAG’s shareholders held earlier today (the “Meeting”), TAG’s shareholders approved the proposed special resolution regarding the arm’s length sale of substantially all of TAG’s Taranaki Basin assets and operations in New Zealand to Malaysian-based Tamarind Resources Pte. Ltd. (“Tamarind”), and certain of its subsidiaries (the “Transaction”). A total of 46.74% of TAG’s 85,282,252 outstandingshares were voted by TAG’s shareholders, of which 38,853,531 shares (97.47%) were voted “for” the Transaction. The

Vancouver, B.C. – November 14, 2018 – International oil and gas explorer, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to report its second quarter results for the interim period ending September 30, 2018. TAG Oil saw an increase its net daily production by 14% along with a 7% increase in operating netbacks to $47.08 per boe for the quarter. Toby Pierce, TAG Oil’s CEO, commented “TAG Oil had another successful operating quarter with production up from last quarter and supported by strong commodity prices with Brent Oil averaging over US$75/bbl. The most important news, however, is TAG’s

Vancouver, B.C. – November 6, 2018 – TAG Oil Ltd. (“TAG”, TSX: TAO and OTCQX: TAOIF) announced today that it, along with certain of its subsidiaries in New Zealand, has entered into a definitive share and asset purchase agreement with Australian-based Tamarind Resources Pte. Ltd. (“Tamarind”), and certain of its subsidiaries (the “SPA”). This arm’s length transaction is for the sale of substantially all of TAG’s Taranaki Basin assets and operations in New Zealand (the “Transaction”). The sale will include TAG’s 100% working interests in: PMP 38156 (Cheal and Cardiff), PMP 53803 (Sidewinder), PMP 60454 (Supplejack), PEP 51153 (Puka), PEP

Vancouver, B.C. – October 18, 2018 – In response to market rumors that have come to its attention, TAG Oil Ltd. (“TAG”, TSX: TAO and OTCQX: TAOIF) stated today that it regularly evaluates potential strategic opportunities to create value for its shareholders. From time to time, this process leads to discussions with potential counterparties. There can be no assurance that any such discussions will ultimately lead to a transaction. As a general policy, TAG does not publicly comment on potential transactions unless and until a binding legal agreement has been signed. TAG does not anticipate issuing any further public statement

Vancouver, B.C. – September 5, 2018 – TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to announce the results from its 2018 annual general meeting of shareholders (the “Meeting”) held in Vancouver, B.C. on September 4, 2018. All six of the nominees listed in TAG Oil’s management information circular dated August 1, 2018 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 appointed.    

Operational Update

Production over the month of August to date is above guidance with a current gross daily average rate of 1,311 boe/d (80% oil).

The first phase of the planned workover program at Cheal is now complete. Namely, the workovers at the Cheal-A11 and B6 wells were recently completed and the wells are now back on production and producing from the Urenui formation.