TANGIERS PETROLEUM LIMITED - Prospectus

16 February 2015

                          TANGIERS PETROLEUM LIMITED

                                  Prospectus

Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) ("Tangiers" or "the Company")
would like to advise that it has lodged a Prospectus for the offer of up to
600,000,000 new shares ("Shares") at an issue price of A$0.01 per Share to
raise up to A$6,000,000, with a minimum subscription of A$3,500,000, together
with one (1) free attaching listed Option (exercisable at A$0.02 each and
expiring 3 years from the date of issue) for every two (2) Shares subscribed
for (the "Offer").

The Company reserves the right to accept oversubscriptions of up to a further
91,319,338 Shares at an issue price of A$0.01 per Share to raise up to a
further A$913,193, together with one (1) free attaching listed Option
(exercisable at A$0.02 each and expiring 3 years from the date of issue) for
every two (2) Shares subscribed for. The maximum amount that may be raised
under the Offer is therefore A$6,913,193 before the costs of the Offer.

A copy of the Prospectus is available on the Company's website at
www.tangierspetroleum.com.

DAVID WALL
Managing Director
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