Mr. Toby Pierce reports

TAG OIL REPORTS RESULTS FOR FINANCIAL YEAR END

TAG Oil Ltd. has filed its financial results for the fiscal year ending Dec. 31, 2023. A copy of TAG Oil's financial statements, management discussion and analysis, and annual information form for its most recently completed financial year are available on SEDAR+ and on the company's website.

Highlights over the period include that the company had $16.4-million (March 31, 2023: $19.5-million) in cash and cash equivalents and $12.2-million (March 31, 2023: $21.6-million) in working capital and has no debt. TAG Oil continues to manage its costs and allocate the necessary resources towards its business development efforts in Egypt and other areas in the Middle East and North Africa region.

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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