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TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to report that re-entry and installation of the completion string at the BED 1-7 well has been successfully completed. The re-entry operation included installation of a new well-head assembly, removal of the old tubing string and dual packer assembly, isolation of previously perforated upper reservoir layers in the Abu-Roash formation and cleaning the well down to base depth at approximately 3,250 m. After conditioning the wellbore, a new completion string was installed in the open-hole section of the well across the Abu-Roash “F” (“ARF”) formation in preparation for hydraulic fracture stimulation. Indications

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to report the filing of its financial results for the interim period ending December 31, 2022. A copy of TAG Oil’s financial statements and management discussion and analysis for the interim period ending December 31, 2022 are available on SEDAR and on the Company’s website. Highlights over the period include that the Company had C$21.4 million (September 30, 2022: C$9.2 million) in cash and cash equivalents and C$24.0 million (September 30, 2022: C$11.5 million) in working capital and has no debt. During the quarter ended December 31, 2022, as previously announced,

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to announce that it has earned a spot on the 2023 TSX Venture 50 list. The annual ranking comprises the top 10 performing companies from the past year on the TSX Venture Exchange across five sectors: energy, mining, clean technology and life sciences, diversified industries, and technology. Based on the Company’s performance across three key indicators: market capitalization growth, share price appreciation, and trading volume, TAG Oil ranked #6 on the energy sector list. TAG Oil’s CEO, Toby Pierce, stated “We are proud to have earned a TSX Venture top 50

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to confirm that the Company’s Phase 1 re-completion and evaluation operations of the BED 1-7 vertical well are progressing according to plan. TAG Oil continues to prepare the well for the hydraulic fracture stimulation that is expected to occur around the end of February. The Company anticipates providing well flow results from these operations in March 2023. TAG Oil also announces the grant of 3,600,000 stock options that are exercisable for a period of five years at a price of C$0.70 per share, namely to its directors and senior officers. About

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) is pleased to announce that the Company has commenced the re-completion and evaluation operations of the BED 1-7 vertical well. These initial operations are part of TAG Oil’s Phase 1 development program of the unconventional Abu Roash “F” (“ARF”) reservoir in the Badr Oil Field (“BED-1”) located in the Western Desert, Egypt. More specifically, the Company identified a suitable candidate well (BED 1-7) for re-completion that historically produced approximately 20,000 barrels from the ARF reservoir at an initial production rate of 418 barrels of oil per day. The well declined quickly without any

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.