TANGIERS PETROLEUM LIMITED: Response to ASX Price Query

25 October 2013 
                      TANGIERS PETROLEUM LIMITED                            


                          Response to ASX Price Query                          

The Directors of Tangiers Petroleum Limited (the "Company")(AIM:TPET, ASX:TPT)
wishes to advise that it received a price query today from the Australian
Securities Exchange ("ASX") in relation to the rise in the Company's share
price in recent days. In response, the Company noted:

  * That it is not aware of any additional information which, if known, could
    be an explanation for recent trading in the Company's securities; and
      * Interest in offshore Morocco by oil companies and the impending drilling
    program in the neighbouring blocks to the Company's Tarfaya Offshore Block
    in Morocco, which is due to commence shortly, have contributed to the
    increase in activity and price movement in the Company's fully paid
    ordinary shares on AIM and ASX. In addition, the Company's $0.16 listed
    options (ASX: TPTOA) ceased trading as at the close of business on 24
    October 2013 and this may have also increased trading in the fully paid
    ordinary shares.


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 
Shore Capital Stockbrokers Ltd (Joint AIM Broker)
Mr Jerry Keen
Mr Bidhi Bhoma
+ 44 20 7408 4090 
Mr Ed Portman (Media and Investor Relations - United Kingdom)
Tavistock Communications
+44 20 7920 3150 
END 
-0- Oct/25/2013 06:00 GMT