We have spudded!

Just been announced to the London Stock Exchange a few minutes ago -

TANGIERS PETROLEUM LIMITED

Drilling Commences at TAO-1 Well

Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) ("Tangiers" or the "Company")
is pleased to advise that the Ralph Coffman jack-up rig commenced drilling
operations at the TAO-1 exploration well, offshore Morocco on the 26th June
2014.

The TAO-1 well is located within a proven petroleum system, adjacent to the Cap
Juby heavy oil discovery and has been designed to test up to three stacked
objectives, Assaka (Upper Jurassic), Trident (Middle Jurassic) and TMA (Lower
Jurassic, contingent upon success at Trident/Assaka).

The secondary objective, Assaka, and the main objective at Trident are
scheduled to be intersected within approximately 2 months. Contingent upon the
results at Assaka and Trident, the Joint Venture will then make a decision to
deepen to the TMA objective. The well plan does not include flow testing.

The Company expects to make additional updates as appropriate during the course
of the drilling.

Tangiers has a 25 per cent participating interest in the Tarfaya Offshore
Block, which is being operated by Galp Energia with a 50 per cent interest. The
remaining 25 percent interest is held by ONHYM (Morocco's National Office of
Hydrocarbons and Mines), which is carried through the exploration phase.

Tangiers' Managing Director Dave Wall said "The spud of the TAO-1 represents a
significant milestone for Tangiers and is the culmination of a process that
began with licence award in 2009. The Company would like to thank shareholders
for their continued support and appreciates that many have been involved since
that time. We believe that we have one of the best exploration prospects to be
drilled by a junior explorer in recent times and look forward to sharing the
results of the drilling program in the near future."

Let the good times roll!