TIVAN LIMITED — Capital/Financing Update 2012

Mar 29, 2012

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UPDATE ON TRANSACTION WITH ECE

ASX ANASX ANNOUNCEMENT OUNCEMENT

ASX CODE: TNG ASX CODE: TNG

REGISTERED OFREGISTERED O F ICE FICE 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 0900 F +61 8 9327 0901 F +61 8 9327 0901

W wW ww w.tngltd.com.au .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 Neil Biddle Paul Burton Paul Burton Stuart Crow Stuart Crow Rex Turkington Wang ZhigangCOMPANY SECRETARY Simon Robertson

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

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

Further to its release of 18 January 2012, TNG Limited (ASX: TNG) advises that it has reached agreement with Ao-Zhong International Mineral Resources Pty Ltd (“Ao-Zhong”) to extend the date for completion of the foreign investment approval condition in the subscription agreement relating to Ao-Zhong’s investment in TNG from 31 March 2012 to 30 April 2012.

Ao-Zhong, a subsidiary of the East China Mineral Exploration & Development Bureau (“ECE”), submitted its application for foreign investment approval prior to Christmas, with the approval process expected to be concluded during the second Quarter of 2012.

The extension is to allow Ao-Zhong further time to complete the foreign investment approval process.

On 18 January 2012, TNG received a cash injection of approximately $6.6 million (before costs) from Aosu Investment and Development Co. Pty. Ltd., an Australian subsidiary of a private Chinese investment group introduced by ECE, completing the first stage of the overall $13.4 million capital raising transaction with ECE.

Once foreign investment approval is received, Ao-Zhong will complete the second stage of the investment into TNG of $6,847,479 (before costs) at 11 cents per share.

Further details of the proposed investment by Ao-Zhong can be found in TNG’s announcements dated 8 November 2011 and 18 January 2012.

About ECE

ECE is a major Chinese mineral exploration, development and mining group, based in Nanjing, which has been set up since 1955. It has over 5,000 employees and is one of the few organisations authorised by the Chinese Government to carry out geological exploration and scientific research in major State classified projects.

ECE has discovered more than 160 ore deposits in China with a potential value of in excess of $10 billion.

TNG LIMITED

Paul E Burton Managing Director 30 March 2012

30 March 2012

Enquiries:

Paul E Burton, Managing Director

Nicholas Read, Read Corporate

• 61 (0) 8 9327 0900

• 61 (0) 419 929 046