TIVAN LIMITED — Board/Management Information 2022

Oct 9, 2022

10 October 2022

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ASX ANNOUNCEMENT
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TNG APPOINTS HIGHLY EXPERIENCED MINING EXECUTIVE ROWAN JOHNSTON TO ITS BOARD

Highly regarded senior mining executive and company director brings extensive project development and operational experience across the Australian and international resource sector

Australian resource company TNG Limited (ASX: TNG) (“TNG” or the “Company”) is pleased to announce the appointment of highly experienced Australian mining executive and company director, Mr Rowan Johnston, to its board as a non-executive Director.

The appointment forms part of the ongoing process of Board and management renewal being driven by TNG’s Chairman, Mr Neil Biddle. This process is aimed at building a professional and experienced board with a diverse mix of project development, mining and operational skillsets as TNG works to unlock the value of its critical minerals assets in the Northern Territory.

Mr Johnston is a Mining Engineer with over 30 years of experience in the mining and processing industries and an excellent track record of project development and turnaround success. He has built and developed mine, plant and processing infrastructure, underground and open pit mines and taken projects from concept through to commercial production.

He currently holds several board positions in the WA resource sector, including as Chairman of Gascoyne Resources and NED of Kin Mining, he was previously an Executive Director of Bardoc Gold, Excelsior Gold, Mutiny Gold and Integra Mining.

At Integra, Mr Johnston was Executive Director – Operations between 2007 and 2013, where he oversaw the evaluation, development and ramp-up of the Company’s WA gold operations up until its takeover by Silver Lake Resources.

Earlier in his career, he was General Manager for Westonia Mines (later Catalpa and then Evolution), General Manager of Fox Resources’ Radio Hill mine, General Manager – Gold Operations at Gympie Gold Mines and Managing Mining for Aurora Gold in Indonesia.

He has also worked and a consultant and in the contracting industry for GMS Mining Consultants, Eltin and SRK Consulting.

As an Executive Director of Bardoc Gold, he worked closely with Neil Biddle on the Company’s growth and development until its acquisition earlier this year by St Barbara Limited (ASX: SBM).

Commenting on the appointment, TNG Chairman, Neil Biddle said:

“We are delighted that Rowan has agreed to join the TNG board. Rowan has first-class credentials and strong hands-on operational, technical and commercial experience across the global mining sector, and he represents an excellent addition to the TNG board at this pivotal stage of our regeneration.

“I have had a long association with Rowan, most recently at Bardoc Gold, and I know him to be a man of great integrity, vast experience, strong commercial acumen and a keen strategic mindset.

“His project development and operational expertise, his vast contact network and his calm and steady demeanour and clear thinking will be invaluable as we move through this next phase of the Company’s development. I look forward to his contribution.”

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

ASX CODE: TNG ABN 12 000 817 023

REGISTERED OFFICE T +61 8 9327 0900 Suite 20, 22 Railway Road F +61 8 9327 0901 Subiaco, Western Australia 6008

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Authorised by the TNG Board.

10 October 2022

Inquiries:

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

Tony Bevan Company Secretary & CFO + 61 (0) 8 9327 0900 Nicholas Read Read Corporate + 61 (0) 8 9388 1474

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About TNG

TNG is a Perth based resource and mineral processing technology company focussing on building a world-scale strategic metals business based on its flagship 100%-owned Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory. Located 235km north of Alice Springs, Mount Peake will be a long-life project producing a suite of high-quality, high-purity strategic products for global markets including vanadium pentoxide, titanium dioxide pigment and iron ore fines. The project, which is expected to be a top-10 global producer, has received Major Project Status from the Australian Federal Government and the Northern Territory Government.

TNG is also advancing a green energy strategy with the dual objective of offsetting carbon emissions from its planned future operations and generating new business opportunities in the alternative energy market to create additional shareholder value, with a focus on green hydrogen and vanadium redox flow batteries.

Forward-Looking Statements

This report has been prepared by TNG Limited. This report 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 report 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 Limited shares in any jurisdiction. This report 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 announcement 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 Limited, 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 report. No responsibility for any errors or omissions from this arising out of negligence or otherwise is accepted.

This report 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 Limited. Actual values, results or events may be materially different to those expressed or implied.

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