An anonymous director reports

TAG OIL REPORTS Q2 2024 RESULTS

TAG Oil Ltd. has filed its financial results for the interim period ended Sept. 30, 2023. A copy of TAG Oil's financial statements and management's discussion and analysis for the interim period ended Sept. 30, 2023, is available on SEDAR+ and on the company's website.

Highlights over the period include that the company had $23.0-million (June 30, 2023: $15.5-million) in cash and cash equivalents and $24.7-million (June 30, 2023: $17.9-million) in working capital, and has no debt. During the period, TAG Oil also closed its upsized $12.3-million bought deal public offering, and continues to manage its costs and allocate the necessary resources toward its operations and business development efforts in Egypt and the broader Middle East and North Africa region.

Drilling operations at the Badr oil field in the Western Desert of Egypt of TAG Oil's first horizontal well, BED4-T100, are progressing. The company will provide detailed drilling and completion updates in due course.

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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