Mr. Abdel Badwi reports

TAG OIL ANNOUNCES GRANT OF STOCK OPTIONS

TAG Oil Ltd. has granted an aggregate of 11.85 million stock options at a price of 10 cents 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 years from the date of grant and will vest over a period of two years.

The company granted the options as part of its continuing 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 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.