TIVAN LIMITED — Capital/Financing Update 2010

Jun 10, 2010

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MANBARRUM SALE UPDATE

Further to its announcement of 8 June in relation to the proposed sale of the Manbarrum Project to Teng Fei Mining Ltd (“TFM”), TNG Limited (ASX: TNG) confirms that the initial sale amount of US$4.5 million was not received by the due date of 10 June as required by the sale agreement.

Accordingly, TNG is now in the process of serving a default notice on TFM.

The notice requires the default to be remedied within 10 business days of service.

TNG LIMITED

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Paul E Burton Director & CEO June 11[th] 2010

Enquiries:

Paul E Burton Director & CEO + 61 (0) 8 9327 0900 Nicholas Read Read Corporate + 61 (0) 419 929 046

ASX: TFM Manbarrum