TIVAN LIMITED — Capital/Financing Update 2012

Jul 1, 2012

==> picture [177 x 29] intentionally omitted <==

ASX ANASX ANNOUNCEMENT OUNCEMENT

2 July 2012

ASX CODE: TNG

TNG SET TO COMPLETE MOUNT HARDY ACQUISITION AND COMMENCE NT COPPER EXPLORATION

ASX CODE: TNG

REGISTERED OFFICE

REGISTERED OFFICE TNG Limited

TNG Limited Level 1, 282 Rokeby Road Level 1, 282 Rokeby Road Subiaco, Western Australia 6008 Subiaco, Western Australia 6008 T +61 8 9327 0900

T +61 8 9327 090F +61 8 9327 09 0 1 F +61 8 9327 0901

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

ABN 12 000 817 023

ABN 12 000 817 023

DIRECTORS DIRECTORS Neil Biddle Jianrong Xu Chairman Paul Burton Paul Burton MD Stuart Crow Neil Biddle Stuart Crow COMPANY SECRETARY Rex Turkington Simon Robertson Wang Zhigang

PROJECTS

COMPANY SECRETARY Mount Peake: Fe-V-Ti Simon Robertson Manbarrum: Zn-Pb-Ag East Rover: Cu-Au

PROJECTS McArthur: Cu

Mount Peake: Fe-V-Ti CONTACT DETAILS Manbarrum: Zn-Pb-Ag Paul Burton | +61 8 9327 0900 East Rover: Cu-Au Nicholas Read | +61 419 929 046 McArthur: Cu Simon Robertson | +61 8 9327 0900 Mount Hardy Cu-Au Sandover Cu-Au

CONTACT DETAILS

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

Key Points:

• TNG to complete acquisition of highly prospective 101.76km[2] tenement in Mount Hardy Copper Field following receipt of FIRB approval for the transaction.

• Exploration activities including an extensive airborne EM survey to commence within two weeks of completion.

• Historical rock chip samples from Mount Hardy region range from 5% to 19% copper, up to 18% lead, 1.52% zinc, 2.66 g/t gold, and 170 g/t silver.

• Limited modern exploration combined with anomalous previous work supports potential for the discovery of new mineralisation at Mount Hardy.

Australian resources company TNG Limited (ASX: TNG) is pleased to advise that it is preparing to complete the acquisition of the Mount Hardy Copper Project in the Northern Territory, after receiving foreign investment approval.

Australia’s Foreign Investment Review Board (FIRB) has provided its approval for the proposed acquisition of the highly prospective new tenement, EL 27892, from unlisted company Walla Mines Ltd.

FIRB approval was required because one of TNG’s major strategic shareholders is a Chinese State-owned enterprise ( see recent ASX Announcements on transaction with ECE ).

The new tenement covers the main portion of the historic Mount Hardy Copper Field, which is located adjacent to and immediately south of TNG’s existing tenement ELA 29219, covering the northern extension of the field ( see Figure 1 ).

The Mount Hardy copper mines and prospects, which are located approximately 300km north-west of Alice Springs, were discovered in 1935 and lie within the Lander Group geological formation, which is the dominant host rock for copper and gold mineralisation in the area.

Historical rock chip sampling in the Mount Hardy area by White Industries (early 1990’s) and Tanami Gold NL (2002) returned numerous anomalous copper results, with peak grades of up to 19% copper, 18% lead, 1.52% zinc, 2.66 g/t gold, and 170 g/t silver.

TNG has established that these results could indicate additional potential for Volcanogenic Massive Sulphide mineralisation at depth.

==> picture [42 x 842] intentionally omitted <==

==> picture [176 x 29] intentionally omitted <==

Previous work has been focused on near-surface gold exploration, with only limited drilling to shallow depths of less than 50m and no modern geophysical surveys completed over the area. Historical drilling by the NT Government returned a number of significant copper intersections.

TNG’s Managing Director, Paul Burton, said the completion of the Mount Hardy acquisition would clear the way for exploration programs to commence, marking the beginning of a significant new phase of exploration activity by the Company alongside ongoing evaluation work at the Mount Peake IronVanadium-Titanium Project, for which updated Pre-Feasibility results are currently being compiled following the completion of a key pilot plant metallurgical testwork program in Perth.

“We will have a substantial copper exploration programme underway throughout 2012, both at Mount Hardy and our other copper exploration projects in the Northern Territory including the McArthur and Sandover Projects, as well as the region immediately surrounding Mount Peake,” he said.

TNG LIMITED

Paul E Burton Managing Director

Enquiries:

Paul E Burton, Managing Director + 61 (0) 8 9327 0900 Nicholas Read Read Corporate + 61 (0) 8 9388 1474

COMPETENT PERSON STATEMENT

The information in this report that relates to Exploration Results and Exploration Targets are based on information compiled by Mr Paul Burton, B.Sc, M.Sc, is also a Member of The Australasian Institute of Mining and Metallurgy , and an employee and Director of TNG Limited. Mr Burton has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Burton consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

TNG Limited | ASX Announcement

==> picture [43 x 842] intentionally omitted <==

==> picture [176 x 29] intentionally omitted <==

==> picture [468 x 662] intentionally omitted <==

Figure 1 : Location of Mount Hardy Copper Field and significant copper results.