24 January 2014

                          TANGIERS PETROLEUM LIMITED

    ASX Share Application pursuant to Takeover Offer by Tangiers for Jacka

Tangiers Petroleum Limited ("Tangiers" or the "Company") advises that in
relation to the announced Recommended Takeover Offer by Tangiers for Jacka
Resources Limited ("Jacka")(see announcement on 5 December 2013), the Company
has applied to ASX for the quotation of the shares and listed options that will
be issued as consideration to the relevant Jacka securityholders.

The ultimate number and timing of the issue is not currently known, however,
the maximum number of securities that will be issued under the Takeover Offer
is expected to be 156,455,990 shares and 23,400,000 listed options exercisable
at A$0.75 with an expiry of 1 February 2015. Application for the quotation of
the Tangiers shares on AIM will be made as soon as possible after allotment.

ROBERT DALTON
Joint Company Secretary

Tangiers Petroleum Limited
Level 2, 5 Ord Street
West Perth WA 6005, Australia
Ph: + 61 8 9485 0990
www.tangierspetroleum.com

Contacts

RFC Ambrian Limited (Nominated Adviser)
Mr Stuart Laing
+61 8 9480 2506

Peel Hunt LLP (Joint AIM Broker)
Mr Richard Crichton
Mr Andy Crossley
+ 44 20 7418 8900

Mr Ed Portman (Media and Investor Relations - United Kingdom)
Tavistock Communications
+44 20 7920 3150