TIVAN LIMITED — Board/Management Information 2018

Jul 4, 2018

5 July 2018

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ASX ANNOUNCEMENT
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TNG STRENGTHENS EXECUTIVE TEAM WITH APPOINTMENT OF HIGHLY EXPERIENCED COMMERCIAL MANAGER

Experienced corporate professional Jason Giltay appointed as General Manager – Commercial

Australian strategic metals company TNG Limited (ASX: TNG) is pleased to announce the appointment of highly experienced corporate professional Jason Giltay to the newly-created position of General Manager – Commercial as it continues to build up its in-house corporate, development and operations team to drive the development of its flagship 100%-owned Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory.

He will report directly to the Managing Director, with responsibility for commercial and contractual matters, strategic development and business planning.

Mr Giltay has extensive corporate and commercial experience, having spent more than 17 years specialising in the areas of corporate finance and commercial management. This included 13 years in the mining industry, where he was involved in mine development, mining operations, plant construction, mine-to-port logistics and mineral drilling.

He was previously Commercial Manager for Atlantic Ltd, where he was part of the team that delivered a $300 million processing plant upgrade and mining start-up for the Windimurra Vanadium Mine in WA, General Manager Corporate and Company Secretary at mining services group Swick Mining, and Corporate Manager at gold and nickel explorer Cougar Metals.

He was until recently Business Development Manager for Perth Airport, where he held a senior corporate development and commercial role in a key infrastructure unit and was responsible for the delivery of multiple civil infrastructure projects from feasibility to operation.

During his career, he also worked as a corporate advisor for Milestone Corporate and Montt Capital, advising on a total of nine mining industry IPO’s and ASX listings including Independence Group, Sandfire Resources, Swick Mining Services and Cougar Metals.

Commenting on the appointment, TNG’s Managing Director, Mr Paul Burton, said: “We are pleased to have secured an outstanding candidate with extensive corporate and commercial experience to fill this key role within our growing organisation as we move towards financing, development and, ultimately, operations.

“With a project of the scale and complexity of Mount Peake, it is vital that we secure people with the right skill-sets, experience and capabilities to manage key aspects of the project and drive the Company forward. I am looking forward to working with Jason, who will be of great assistance in overseeing the growing commercial function within our organisation, including all off-take and licensing agreements, commercial contracts with our service providers and contractors and the growing web of legal and commercial agreements that will be required to underpin our financing, development and operations.”

Paul E Burton Managing Director

5 July 2018

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

ASX CODE: TNG ABN 12 000 817 023

REGISTERED OFFICE Suite 20, 22 Railway Road Subiaco, Western Australia 6008

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

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Inquiries:

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

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

Production Targets and Financial Information

Information in relation to the Mount Peake Definitive Feasibility, including production targets and financial information, included in this report is extracted from an ASX Announcement dated 20 November 2017, (see ASX Announcement – 20 November 2017, “Updated Feasibility Study Results”, www.tngltd.com.au and www.asx.com.au). The Company confirms that all material assumptions underpinning the production target and financial information set out in the announcement released on 20 November 2017 continue to apply and have not materially changed.

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.

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