TIVAN LIMITED — Board/Management Information 2013

May 30, 2013

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TNG ANNOUNCES BOARD CHANGES

ASX ANASX ANNOUNCEMENT OUNCEMENT

2231 May 2013[ND] FEBRUARY 2013

ASX CODE: TNG ASX CODE: TNG

Experienced resource industry executive Michael Evans joins TNG Board as long-serving Director Neil Biddle steps down

REGISTERED OFFICE

REGISTERED OFFICE TNG Limited TNG Limited Level 1, 282 Rokeby Road Level 1, 282 Rokeby Road Subiaco, Western Australia 6008 Subiaco, Western Australia 6008 T +61 8 9327 0900

T +61 8 9327 0900 F +61 8 9327 0901 F +61 8 9327 0901

W www.tngltd.com.au W www.tngltd.com.au E corporate@tngltd.com.au E corporate@tngltd.com.au

ABN 12 000 817 023 ABN 12 000 817 023

DIRECTORS

DIRECTORS Neil Biddle Jianrong Xu Chairman J ianrong Xu Chairman Paul Burton Paul Burton Stuart Crow MD MD Neil Biddle Michael Evans Stuart Crow COMPANY SECRETARY Rex Turkington Simon Robertson Wang Zhigang

PROJECTS

COMPANY SECRETARY Mount Peake: Fe-V-Ti Simon Robertson Manbarrum: Zn-Pb-Ag East Rover: Cu-Au

PROJECTS McArthur: Cu

Mount Peake: Fe-V-Ti CONTACT DETAILS Manbarrum: Zn-Pb-Ag Paul Burton | +61 8 9327 0900 East Rover: Cu-Au Nicholas Read | +61 419 929 046 McArthur: Cu Simon Robertson | +61 8 9327 0900 Mount Hardy Cu-Au Sandover Cu-Au

CONTACT DETAILS

Paul Burton | +61 8 9327 0900 Nicholas Read | +61 419 929 046 Simon Robertson | +61 8 9327 0900

Australian resources company TNG Ltd (ASX: TNG) is pleased to announce the appointment of experienced resource company executive and director Mr Michael Evans as a non-executive Director.

Mr Evans will fill a vacancy on the TNG Board created by the resignation of Mr Neil Biddle, who has decided to step down after nearly a decade of service in order to focus on his other business and personal interests.

Mr Evans is a highly experienced mining and resource industry executive based in Perth who has extensive executive and board level experience with publicly listed companies in the natural resource sector.

He was until recently the founding Executive Chairman of oil explorer and producer FAR Limited (formerly First Australian Resources), a position he held from 1995. Under Mr Evans’ stewardship, FAR established and built up an extensive international oil and gas portfolio spanning Africa, North America and Australia – with industry partners including Amoco, Shell, BHP, BP, Exxon, CNOOC and Woodside.

Prior to that, Mr Evans was Director of a private Asian Investment company based in Hong Kong pursuing resource opportunities in China.

Between 1983 and 1991, he was Joint Managing Director of Forsayth Group, which he, and his co-Managing Director, built from a junior explorer to become a significant gold producer with interests in five producing mines and two projects mines in Australia and overseas.

Mr Evans, a Chartered Accountant, commenced his career with Peat Marwick Mitchell & Co then Price Waterhouse & Co before taking up a lecturing post at Curtin University in the School of Business Law.

In welcoming Mr Evans’s appointment, TNG’s Board commented: “Michael is a highly experienced and skilled executive whose experience in financial and corporate matters, corporate governance, capital raisings, project management, Government liaison and international business provides a strong addition to the board as we move to the next stage of development of our Projects and growth of the company.

“Of particular relevance is his experience working at the highest levels of business and investment in China, and his previous involvement in financing and developing resource projects at Forsayth Group and building a successful resource company at FAR”.

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TNG’s Chairman, Mr Jianrong Xu, said “On behalf of the Board, I would like to take this opportunity to acknowledge and thank Neil Biddle for his past contribution to TNG,” Mr Xu said.

Mr Biddle was TNG’s founding Managing Director, having overseen the transformation of the Company from its predecessor, Hallmark Gold, in 2004 and subsequent evolution as a significant player in the minerals and exploration industry in the Northern Territory.

In recent years, he has continued to provide valuable strategic input, guidance and counsel to the Company as a non-executive Director.

TNG’s Managing Director, Mr Paul Burton, said: “Neil has been a significant Director and contributor to TNG over many years. I would like to take this opportunity on behalf of the Board, management team and all staff to thank him for his many years of service. We wish him well for the future.

“We are also delighted to welcome Michael Evans to the Board as a non-executive Director. His skills and experience will provide valuable assistance as we move forward with the financing and development of our world-class Mount Peake Vanadium Project and to progress exploration of our emerging Mount Hardy Copper Project”, Mr Burton added.

Paul E Burton Managing Director

Enquiries:

Paul E Burton, Managing Director + 61 (0) 8 9327 0900

Nicholas Read Read Corporate + 61 (0) 8 9388 1474

Forward-Looking Statements

This announcement has been prepared by TNG Ltd. This announcement 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.

This is for information purposes only. Neither this 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 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 announcement. No responsibility for any errors or omissions from this arising out of negligence or otherwise is accepted.

This 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

TNG Limited | ASX Announcement

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About TNG:

TNG Ltd is a junior exploration company with a focus on exploration and development of projects in the Northern Territory of Australia.

The company is currently developing its 100% owned world class Mount Peake Vanadium –Titanium – Iron project in the which is currently in the Definitive Feasibility Stage, with anticipated production in 2015.In addition it is also actively exploring its copper projects including its 100% owned Mt Hardy project which is emerging as a potential major Copper/Gold and polymetalic project.

The company has joint ventures on its other projects with Rio Tinto, Norilsk, and Western Desert Resources and strategic cooperation and investment from Ao-Zhong Ltd., a 100% owned subsidiary of China’s ECE Ltd.

For more information please see the company’s website at www.tngltd.com.au

TNG Limited | ASX Announcement