TIVAN LIMITED — Capital/Financing Update 2011

Apr 27, 2011

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ASX ANNOUNCEMENT

15 February 2011

Appointment of UK Broking Firm Institutional broker Old Park Lane Capital Plc to support TNG with future international fundraisings and corporate advice

ASX CODE : TNG

REGISTERED OFFICE

TNG Limited Level 1, 282 Rokeby Road Subiaco, Western Australia 6008

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

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

ABN 12 000 817 023

DIRECTORS

Neil Biddle Paul Burton Stuart Crow

COMPANY SECRETARY Simon Robertson

PROJECTS

Mount Peake: Fe-V-Ti Manbarrum: Zn-Pb-Ag East Rover: Cu-Au McArthur: Cu

CONTACT DETAILS

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

Australian resources company TNG Limited (ASX: TNG ) is pleased to advise that it has appointed UK-based institutional stockbroker Old Park Lane Capital Plc to provide corporate advisory, fundraising, research consultancy services and strategic investor relations assistance in the London and European markets.

The appointment follows a recent constructive investor road show to Europe by TNG during which there was a high level of interest in the Company’s flagship asset, the 100%-owned Mount Peake Iron-Vanadium-Titanium Project in the Northern Territory, and an associated hydrometallurgical processing technology.

TNG’s Managing Director, Mr Paul Burton, said the Company was looking forward to working with Old Park Lane for potential new investors in the UK and Europe, as well as to assist with the consideration of future fundraising strategies.

“This may include giving consideration to a future secondary listing on the AIM market when we move to the development stage at Mount Peake,” Mr Burton said.

Launched in 2008, Old Park Lane Capital (OPL) is an institutional and invitation-only stockbroker headquartered in Berkeley Square, London, focused on providing corporate broking services to a select group of natural resources companies listed on UK and overseas exchanges. OPL’s core expertise centers on natural resource focused AIM and international dual listings, fundraisings and equities trading.

The Scope of Engagement includes assistance with fundraising activities and general broking and investor relations advice in the UK market. Subject to certain conditions, Old Park Lane Capital will automatically be appointed as TNG’s sole UK broker should it decide to undertake a listing on the AIM market of the London Stock Exchange.

TNG has recently completed a highly positive Scoping Study on the Mount Peake Project, including a supplementary Study on the production of a downstream ferro-vanadium (FeV) product, with both indicating very positive project economics and as a result has commenced a Pre-Feasibility Study on development of the Project using its hydrometallurgical process.

The development of the Mount Peake Project has the potential to underpin the development of a world-class ferrous metals business for TNG.

Vanadium is widely regarded as one of the most exciting strategic growth metals of the next decade, with demand anticipated to be driven by emerging economies as steel output increases along with production of high-strength steel alloys with higher vanadium contents, and importantly with the expanding use of Vanadium in high technology areas particularly for battery cells in Electric Vehicles and electrical power storage.

TNG LIMITED

Paul E Burton Managing Director 28[th] April 2011

Enquiries:

Paul E Burton, Managing Director

+ 61 (0) 8 9327 0900

Nicholas Read, Read Corporate

+ 61 (0) 419 929 046

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About OLD PARK LANE CAPITAL PLC.

Old Park Lane Capital,(OPL) is the definitive natural resources focused broker. Defined by a highly personal service, they serve institutional and high net worth dealing clients with outstanding efficiency and discretion. OPL’s core expertise centers on natural resource focused AIM and international dual listings, fundraisings and equities trading. OPL is a member of the London Stock Exchange and is authorized and regulated by the FSA.

For more information go to www.oldplc.com

TNG Limited | ASX Announcement