Mr. Toby Pierce reports

TAG OIL ANNOUNCES SENIOR LEADERSHIP APPOINTMENTS FOR ITS EGYPT OPERATIONS

TAG Oil Ltd. has formally appointed two new highly experienced vice-presidents with strong operational backgrounds and promoted the company's accomplished country manager, which will enhance TAG Oil's management team in Egypt and the broader MENA (Middle East, North Africa) region.

Gamal Rezk has been promoted to vice-president and general manager of TAG Petroleum Egypt Ltd. (TPEL), along with the appointment of Samir Abady, who joins as vice-president and operations manager, and Kevin Baxter as vice-president and technical manager of TPEL.

Mr. Rezk, vice-president and general manager

Mr. Rezk is the current country manager and has been instrumental in setting up TPEL's Egypt branch over the past three years. Mr. Rezk has over 24 years of oil and gas industry experience working with international energy companies with head offices based overseas and is instrumental in aligning corporate office personnel with Egypt-based operations. Mr. Rezk served as vice-president of finance, and then chief financial officer, of Scimitar Production Egypt from June, 2006, until he joined TAG Oil in 2020. Prior to that he served as finance administration director at VA Tech Siemens from 1999 to 2006 and provided management services for a variety of international companies, including Halliburton and Schneider Electric. Mr. Rezk is a commerce graduate from the University of Cairo and completed the mini-MBA program in Egypt sponsored by the University of North Carolina in 2005, and the certified management accounting-advanced accounting systems in Toronto, Canada.

Mr. Abady, vice-president and operations manager

Mr. Abady has over 35 years of experience in the oil and gas industry in Egypt, having supervised and managed the drilling of numerous exploration and development wells in the country. His career commenced in 1986 with Khalda Petroleum Company as a drilling engineer and then advanced to drilling general manager in 2009. In 2011, Mr. Abady was appointed as Khalda's deputy operation general manager and a board member, and a board member in Tanmia Petroleum Company (went on to serve as its chairman and chief executive officer in 2017). In 2014, Mr. Abady was appointed as chairman and managing director of an Apache/Egyptian general petroleum corporation (EGPC) joint venture company (Qarun Petroleum Company), and as a board member of Petrojet. In December, 2015, Mr. Abady was appointed as chairman and managing director of the Egyptian Drilling Company (EDC), and later went on to serve as a board member of EDC and as EGPC's deputy CEO for production and a board member. Mr. Abady was also a non-executive chairman and managing director of Farah Petroleum Company (PetroFarah) and general manager of National Drilling Company. Mr. Abady obtained a bachelor's degree in petroleum engineering from Suez Canal University in 1986.

Mr. Baxter, vice-president and technical manager

Mr. Baxter is a senior leader with over 30 years of proven oil and gas management experience in developing and managing large, diverse organizations that have delivered against challenging objectives. Mr. Baxter started his career as a production engineer with Amoco Canada in 1994, and then with Anderson Exploration, Beau Canada Exploration and Canadian Occidental Petroleum Yemen. Mr. Baxter then went on to serve as a manager for Nexen Petroleum, managing various operations in Yemen and the United Kingdom, including reservoir, maintenance, production, completions, drilling, engineering and construction. Mr. Baxter went on to serve as a technical director for all of Bankers Petroleum's technical functions and as general director for all production and operations within Albania from 2015 to 2019. Mr. Baxter holds a BSc in mechanical engineering from the University of Calgary that he obtained in 1990.

Toby Pierce, CEO of TAG Oil, commented: "As our operations progress in Egypt, I am excited that Mr. Rezk, Mr. Abady and Mr. Baxter will form the backbone of TAG Oil's management team in Egypt. They are a significant addition to our company, and all have strong backgrounds, established industry relationships, and proven track records of increasing corporate and operational performance, and are highly motivated, detail and goal-oriented, and are focused on results."

About TAG Oil Ltd.

TAG Oil is a Canadian-based international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa.

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