Mr. Toby Pierce reports

TAG OIL TO COMMENCE HYDRAULIC FRACTURE STIMULATION OF BED4-T100 HORIZONTAL WELL

TAG Oil Ltd. has mobilized completion and multistage hydraulic fracture equipment, personnel, camp, and natural frac sand have been mobilized to the BED4-T100 well location. Additionally, static reservoir pressure and temperature measurements were performed to optimize the simulation model and completion design of the T100 well.

Large-scale completion equipment for the region with frac head, sand conveyor and connecting lines to treatment fluid are rigged up on the T100 location. Plans to start the fracture treatment are on schedule for approximately April 15, 2024, with treatment duration projected at one week. Flowback production operation will follow immediately before the end of April. The company anticipates that initial production results will be announced in May.

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.

We seek Safe Harbor.