TIVAN LIMITED — AGM Information 2009

Nov 18, 2009

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Revised AGM Presentation

• 19 November 2009

A revised AGM presentation is attached which the following slides have been amended:

• Mount Peake Project – Iron Vanadium

• Mount Peake Project Potential

Yours faithfully

TNG Limited

Simon Robertson Company Secretary

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AGM PRESENTATION OUTLOOK FOR 2010 Paul Burton Executive Director and CEO

Important Notices and Forward-Looking Statements

Forward-Looking Statements

This presentation has been prepared by TNG Ltd. This document contains background information about TNG Ltd current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation.

This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of TNG Ltd shares in any jurisdiction.

This presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction.

This presentation does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.

To the fullest extent permitted by law, TNG Ltd, its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise is accepted.

This presentation may include forward looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of TNG Ltd. Actual values, results or events may be materially different to those expressed or implied in this presentation.

Competent Person’s Statement

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Paul Burton who is a Member of The Australasian Institute of Mining and Metallurgy and a Director of TNG Limited. Paul Burton has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Paul Burton consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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The last 18 months…

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● Impact of share sales from Opes Prime, Tricom and RAB.

• Davis Samuel matter

• Collapse in commodity prices

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• Onset of the “GFC”

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2009…..

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The Company emerged:

• Strong financial position

• Reduced overheads

• Successfully progressed exploration projects

• Improved asset base

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Mount Peake Project – Iron Vanadium

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Highly Prospective Tenement Holding – New Discovery

100% TNG

Iron – Vanadium –Titanium deposit discovered in 2008 Maiden JORC inferred resource 107 mt @ 0.3% V205, 9% Ti02, 35% Fe.

• Metallurgical work positive upgrading

• to >1.2% V205, 18% Ti02, 45% Fe

• after mag.sep, crushing and grinding

Initial Scoping study Positive by Snowdens

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Mount Peake Project

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Vanadium

• Vanadium (V) is a soft silvery, grey

metal

• Commonly used in the hardening of

• steel.

• Vanadium demand is largely driven .

• by global steel production rates

• New future demand from battery

• cells

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• Fused Vanadium Pentoxide
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Mount Peake Project

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•Source: METS report for TNG.

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Mount Peake Project Potential

Plan for 2010:

Revised resource based on recent drilling Complete Metallurgical studies Bring in JV partner to develop project “STIRLING DEEPS PROJECT” Nickel Copper targets untested

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Manbarrum Project – Base Metals

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Emerging Base Metal District 100% TNG: 2000 km[2] land holding Numerous base metal

occurrences

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Manbarrum Project

Achievements 2008 - 2009:

Metallurgical work completed for Sandy Creek Discovery of Legune Fe Discovery of MVT style mineralisation at Browns

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Conclusion of Investigation into grade issue at Sandy Creek – potential revised resource in 2010

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Manbarrum Project

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Plan for 2010 :

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Potential sale of Legune prospect Bring in JV partner to Develop projects Revised JORC resource Sandy Creek Define Resource at Browns

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Rover Project - GOLD

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• EL 25581, TNG 100%, WDR earning in to 80%.

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The Next Stage , 2010

Focus on NT projects

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New Resource - Mount Peake, Sandy Creek Completion Metallurgical work - Mount Peake

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Drilling of Rover Targets by WDR’

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Discussions with Chinese Companies to develop projects New project acquisitions

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THANK YOU