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TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) would like to provide the following update on drilling progress of the BED4-T100 (“T100”) horizontal well in the Badr Oil Field (“BED-1”) in the Western Desert of Egypt. As reported in the November 15 update, drilling continued from the intermediate cased section of the well and reached a measured depth of 3,312 meters in the Abu-Roash “F” (“ARF”) at  hole angle of 90 degrees. However, geo-mechanical hole stability concerns in the upper section of the hole in the Abu-Roash “E” (“ARE”), an over-pressured formation with layered carbonate

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) is pleased to announce that it has changed its financial year end to December 31, from its current financial year end of March 31. TAG Oil believes this change of financial year end will better align the Company’s financial reporting periods to that of its peer group in the oil and gas sector. In addition, the calendar year end coincides with traditional financial, operational, and taxation cycles. For details regarding the length and ending dates of the financial periods, including the comparative periods of the interim and annual

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) is pleased to announce the results from its 2023 annual general meeting of shareholders (the “Meeting”) held today in Vancouver, B.C. Shareholders voted as follows on the matters before the Meeting. Fixing the Number and Election of Directors Shareholders fixed the number of directors at six (6), and all six (6) of the nominees listed in TAG Oil’s management information circular dated November 6, 2023 that were proposed by management for election to the board of directors at the Meeting were duly elected. The directors will remain

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 September 30, 2023. A copy of TAG Oil’s financial statements and management discussion and analysis for the interim period ending September 30, 2023 are available on SEDAR+ (www.sedarplus.ca) and on the Company’s website at www.tagoil.com.   Highlights over the period include that the Company had C$23.0 million (June 30, 2023: C$15.5 million) in cash and cash equivalents and C$24.7 million (June 30, 2023: C$17.9 million) in working capital and has no debt.

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) would like to provide the following update on drilling progress of the BED4-T100 (“T100”) horizontal well in the Badr Oil Field (“BED-1”) in the Western Desert of Egypt. The horizontal build section of the T100 well and approximately 300 meters into the planned 1,000-meter lateral section in the Abu Roash “F” (“ARF”) target reservoir encountered very good oil shows with high hydrocarbon gas readings and good indications of primary porosity. Initial drilling of the ARF unconventional, carbonate formation performed well at smooth build angles and steadily increasing

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) is pleased to announce that it has commenced drilling the horizontal portion of the BED4-T100 (“T100”) well in the Badr Oil Field (“BED-1”) in the Western Desert of Egypt. TAG Oil successfully drilled the vertical pilot hole to a depth of 3,290 meters.  The Company recently performed open-hole logging, formation imaging, and pressure measurement, followed by cement plug-back of the lower vertical pilot hole. TAG Oil immediately proceeded into whip-stock drilling of build and lateral horizontal sections in the Abu Roash “F” (“ARF”) reservoir. The open hole

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 following the closing of its previously announced bought-deal public offering (the “Offering”), the further partial exercise of the over-allotment option to purchase an additional 886,000 common shares of the Company (the “Common Shares”) at a price of $0.58 per Common Share has been completed for additional gross proceeds to the Company of $513,880. After giving effect to the partial exercise of the over-allotment option, a total of 21,126,542 Common Shares have been issued pursuant to the Offering for

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