TAG Oil Ltd., at its Special Meeting of Shareholders, held on
April 7, 2004 in Vancouver, British Columbia, received approval from
shareholders, granting the Company's Management, authorization to implement a
forward split of the Company's common stock. TAG President and CEO Drew
Cadenhead commented, "We received over 98% shareholder approval for the stock
split, a percentage that speaks volumes about shareholder support for our
growth strategy and one that gives the Board of Directors tremendous
confidence as we embark on our 2004 exploration campaign."