TAG Oil Ltd (TAOIF)

[DANA1]

NEW Director for TAG in conjunction with Announcement of Graduating to TSX Main Board

TAG Oil Graduates to Canada's Senior Stock Exchange; Experienced Oil Executive Joins TAG's Board of Directors
VANCOUVER, July 5, 2011 /CNW/ - TAG Oil Ltd. (TSXV: TAO) and (OTCQX:
TAOIF) is pleased to announce that the Company has successfully graduated to
the Toronto Stock Exchange (TSX) from Tier-1 of the TSX-Venture Exchange. TAG
Oil's common shares and warrants will begin trading on the TSX on July 6,
2011, and will continue to trade under the same trading symbols: "TAO" and
"TAO.WT". TAG Oil's common shares will also continue to trade on the premier
tier of the OTC market in the United States, the OTCQX International, under
the trading symbol "TAOIF".
TAG Oil Ltd. is also pleased to announce that Mr. Keith Hill has joined
the Company's board of directors. Mr. Hill is the Chairman of Black Pearl
Resources Inc. (TSX: PXX) and ShaMaran Petroleum Corp. (TSX-V: SNM), and is
the CEO of Africa Oil Corp. (TSX-V: AOI). Prior to this, Mr. Hill was
instrumental in developing Valkyries Petroleum Corp. and Tanganyika Oil
Company Ltd., both highly successful international oil and gas producers which
were acquired by major oil companies. Mr. Hill holds a Master of Science
degree in Geology and Bachelor of Science degree in Geophysics from Michigan
State University, as well as an MBA from the University of St. Thomas in
Houston.
In order to facilitate the appointment of Mr. Hill to TAG's board, Mr.
John Vaccaro has tendered his resignation. TAG wishes to express its thanks to
Mr. Vaccaro for his valuable contribution over the past several years. TAG
Oil's board now consists of Alex Guidi, Garth Johnson, Keith Hill and Ron
Bertuzzi.
TAG also advises that the Company has granted a total of 500,000
incentive stock options to certain directors and officers. These options are
exercisable until July 5, 2016, at a price of $6.15 per share, subject to
one-third of the total options vesting every six months from the date of grant
over a period of eighteen months.
TAG Oil Ltd. TAG Oil Ltd. (http://www.tagoil.com/) is a Canadian-based
production and exploration company with operations focused exclusively in New
Zealand. With 100% control over all its core assets, including oil and gas
production infrastructure, TAG is anticipating substantial oil and gas
production and reserve growth through development of several light oil and gas
discoveries. TAG is also actively drilling high-impact exploration prospects
identified across 2,712 sections of land in the onshore Taranaki and East
Coast Basins of New Zealand's North Island.
In the East Coast Basin, TAG Oil is pursuing the major unconventional
resource potential estimated in the fractured shale source-rock formations
that are widespread over the Company's acreage. These oil-rich and naturally
fractured formations have many similarities to North America's Bakken Shale
source-rock formation in the successful Williston Basin.



To view this news release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/July2011/05/c3438.html