88 Energy Limited — Capital/Financing Update 2013

May 26, 2013

==> picture [206 x 44] intentionally omitted <==

27 May 2013

Tangiers appoints Joint Australian Broker

Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) ( Tangiers ) is pleased to announce the appointment of Sydney-based institutional investment firm, Foster Stockbroking, to assist with corporate advisory and equity capital market services with immediate effect.

In addition to its existing assets in Morocco and Australia, Tangiers is advancing its strategy to acquire interests in onshore and shallow water petroleum prospects and projects in Africa with the ability to generate strong shareholder returns.

“Tangiers believes that this appointment is another key step towards achieving this goal and looks forward to working with Foster Stockbroking” Tangiers Executive Chairman, Eve Howell, said.

Media and Investor Relations:

Australia

Mr Paul Armstrong Read Corporate + 61 8 9388 1474 0421 619 084

www.tangierspetroleum.com

ASX: TPT, TPTOA AIM: TPET

ABN 80 072 964 179

Level 2, 5 Ord Street, West Perth WA 6005 PO Box 1674, West Perth WA 6872 Australia Phone +61 8 9485 0990 Fax +61 8 9321 8990