Vancouver, British Columbia--(Newsfile Corp. - March 4, 2026) - TAG Oil Ltd. (TSXV: TAO) (OTCQB: TAOIF) (FSE: T0P) ("TAG Oil" or the "Company") is pleased to announce the grant of an aggregate of 11,850,000 stock options (the "Options") at a price of C$0.10 per common share to certain directors, officers, and personnel of the Company pursuant to the Company's stock option plan and applicable policies of the TSX Venture Exchange. The Options have a term of five (5) years from the date of grant and will vest over a period of two (2) years.

The Company granted the Options as part of its ongoing long-term incentive program to align the interests of directors, officers, and personnel with those of shareholders, to incentivize performance, and to support the Company's operational and strategic objectives as it advances its drilling and development programs in Egypt.

About TAG Oil Ltd.

TAG Oil (http://www.tagoil.com/) is a Canadian based international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws, including statements with regard to the results of the Meeting. These statements address future events and conditions and are reliant on assumptions made by the Company's management, and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.

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