TAG Oil Engages ICP Securities Inc. for Automated Market Making Services

Rhea-AI Summary

TAG Oil (OTCQB: TAOIF) engaged ICP Securities Inc. to provide automated market making using its proprietary algorithm ICP Premium in compliance with TSX Venture Exchange policies.

The Agreement began on November 24, 2025, carries an Initial Term of four months and will auto-renew monthly unless either party gives 30 days written notice. ICP will be paid C$7,500 per month plus applicable taxes. The Agreement contains no performance fees, no stock options, and ICP and the company are arm's length; ICP and its principals hold no current interest in TAG Oil but may acquire securities in future subject to TSX-V rules.

Positive

• Automated market making starts on Nov 24, 2025
• Potential for improved liquidity via ICP Premium algorithm
• Fixed monthly fee of C$7,500 simplifies budgeting

Negative

• Recurring cash cost of C$7,500 per month
• Agreement auto-renews monthly unless 30 days notice given
• ICP may acquire company securities in future subject to rules

Vancouver, British Columbia--(Newsfile Corp. - November 24, 2025) - TAG Oil Ltd. (TSXV: TAO) (OTCQB: TAOIF) (FSE: T0P) ("TAG Oil" or the "Company") is pleased to announce that it has engaged the services of ICP Securities Inc. ("ICP") to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange (the "TSX-V") and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement between the Company and ICP (the "Agreement") was signed with a start date of November 24, 2025, and is for four (4) months (the "Initial Term") and shall be automatically renewed for subsequent one (1) month terms (each month called an "Additional Term") unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no performance factors contained in the Agreement and no stock options or other compensation in connection with the engagement. ICP and the Company are arm's length, unrelated and unaffiliated entities and, at the time of the Agreement, neither ICP nor its principals have an interest, directly or indirectly, in the securities of the Company. ICP and its clients may acquire an interest in the securities of the Company in the future, subject to compliance with the policies and guidelines of the TSX-V.

About ICP Securities Inc.

ICP is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium™, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors. ICP's head office is located at 204-251 Queens Quay East, Toronto, Ontario, M5A 0X3.

About TAG Oil Ltd.

TAG Oil (http://www.tagoil.com/) is a Canadian based international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa.

For further information:

Abdel (Abby) Badwi, Executive Chairman and CEO
Email: info@tagoil.com
Website: http://www.tagoil.com/
LinkedIn: https://www.linkedin.com/company/tag-oil-ltd
X: https://twitter.com/tagoilltd

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the Company's industry. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275791

FAQ

What services did TAG Oil (TAOIF) engage ICP Securities to provide?

TAG Oil engaged ICP Securities for automated market making using the ICP Premium algorithm in compliance with TSX-V rules.

When does the ICP market making agreement for TAOIF start and how long is the term?

The Agreement starts on November 24, 2025, with an Initial Term of four months and automatic one-month renewals.

How much will TAG Oil (TAOIF) pay ICP Securities for the market making service?

ICP will be paid C$7,500 per month, plus applicable taxes, per the Agreement.

Does ICP Securities currently hold TAG Oil (TAOIF) shares?

At the time of the Agreement, ICP and its principals hold no interest in TAG Oil securities.

Are there performance fees or equity compensation tied to the TAOIF market making deal?

No — the Agreement contains no performance factors and no stock options or other equity compensation.

How can the TAOIF agreement with ICP be ended or not renewed?

Either party may avoid renewal by providing at least 30 days written notice before the end of the Initial Term or an Additional Term.