TIVAN LIMITED — Capital/Financing Update 2009

Dec 9, 2009

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MINERAL RIGHTS AGREEMENT : INITIAL PAYMENT RECEIVED

The Directors of TNG Limited (ASX:TNG) are pleased to advise that the initial payment of $840,000 has been received from Teng Fei Mining Ltd.,(TFM) as part of the Mineral Rights Agreement over TNG’s Legune Prospect.

The remainder $560,000 is due within 90 days. The sale does not affect TNG’s interests in the Manbarrum Project. The cooperation between the two companies provides for additional potential investment by TFM.

Yours faithfully TNG LIMITED Paul E Burton Director & CEO 10[th] December 2009

Enquiries:

Paul E Burton Director & CEO + 61 (0) 8 9327 0900 Nicholas Read Read Corporate + 61 (0) 419 9290

ASX: TFM Legune