TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) is pleased to report the filing of its third quarter results for the interim period ending December 31, 2021. A copy of TAG Oil’s financial statements and management discussion and analysis for its most recently completed interim period are available on SEDAR (www.sedar.com) and on the Company’s website (https://tagoil.com/investors/financial-reports/).

Highlights over the period include that the Company had C$14.1 million (September 30, 2021: C$15.2 million) in cash and cash equivalents and C$15.8 million (September 30, 2021: C$15.6 million) in working capital. The Company has no debt and continues to manage its costs and allocate the necessary resources towards its business development efforts to maximize value for its shareholders.

TAG Oil is continuing to pursue several acquisition projects in Egypt and explore other strategic opportunities in the Middle East and North Africa. Further information on these efforts will be provided by the Company in due course.

About TAG Oil Ltd.

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

For more infomation, visit TAG Oil’s website: http://www.tagoil.com/