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TANGIERS PETROLEUM LIMITED - Ongoing Suspension of Securities

12 August 2014

                          TANGIERS PETROLEUM LIMITED

                       Ongoing Suspension of Securities

Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) ("Tangiers" or the "Company")
advises that the Company's securities continue to be suspended on both ASX and
AIM pending the release of an announcement to the market in relation to
Tangiers' funding obligation for the TAO-1 exploration well.

The Company expects the securities to re-commence trading on Monday 8 September
2014.


About Tangiers Petroleum: Tangiers Petroleum is an Australian-based oil
explorer with assets offshore Morocco in shallow water. Tangiers has a 25 per
cent participating interest in the Tarfaya Offshore Block, which is being
operated by Galp Energia with a 50 per cent interest. The remaining 25 percent
interest is held by ONHYM (Morocco's National Office of Hydrocarbons and
Mines), which is carried through the exploration phase.

ROBERT DALTON
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

As Nominated Adviser
Mr Oliver Morse / Ms Trinity McIntyre
+61 8 9480 2500

As Corporate Broker
Mr Charlie Cryer
+44 20 3440 6800