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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

TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) is pleased to announce that it was formally awarded a petroleum services agreement (the “PSA”) on September 11, 2022 by Badr Petroleum Company (“BPCO”) to develop the unconventional Abu Roash “F” reservoir (“ARF”) in the Badr Oil Field (“BED-1”), a 107 km2 (26,000 acres) concession located in the Western Desert of Egypt. Over the last several months, TAG Oil completed an evaluation of the data package provided by the Egyptian General Petroleum Corporation (“EGPC”) for BED-1. After extensive negotiations with EGPC, the Company submitted its final letter

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 June 30, 2022. A copy of TAG Oil’s financial statements and management discussion and analysis for the interim period ending June 30, 2022 are available on SEDAR (www.sedar.com) and on the Company’s website (https://tagoil.com/investors/financial-reports/). Highlights over the period include that the Company had C$13.1 million (March 31, 2022: C$13.3 million) in cash and cash equivalents and C$15.4 million (March 31, 2022: C$15.4 million) in working capital and has no debt. TAG Oil

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 fiscal year ending March 31, 2022. A copy of TAG Oil’s financial statements and management discussion and analysis for its most recently completed financial year are available on SEDAR (www.sedar.com) and on the Company’s website (https://tagoil.com/investors/financial-reports/). Highlights over the period include that the Company had C$13.3 million (December 31, 2021: C$14.1 million) in cash and cash equivalents and C$15.4 million (December 31, 2021: C$15.8 million) in working capital and has no debt. TAG Oil continues