TIVAN LIMITED — Capital/Financing Update 2013

Oct 29, 2013

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ADDITIONAL INFORMATINON LR7.1A

ASX 29 October

ASX CODE:

REGISTERED TNG Level 1, 282 Rokeby Subiaco, Western Australia

T +61 8 9327 F +61 8 9327

E

ABN 12 000 817

Jianrong Paul Michael Stuart Rex Wang

COMPANY Simon

Mount Peake: Manbarrum: East Rover: McArthur: Mount Hardy Sandover

TNG Limited (ASX: TNG) announced on 22 October 2013 that it had issued 51,822,283 shares at $0.045 per share, plus 25,911,141 free attaching options on completion of the placement announced on 17 October 2013. The placement was made pursuant to Listing Rules 7.1 and 7.1A.

TNG provides the following updated information pursuant to Listing Rule 3.10.5A:

1. 45,259,201 Shares have been issued pursuant to TNG’s Listing Rule 7.1A capacity. The Shares to be issued represent 8.6% of the post placement capital in the Company. Pre-placement shareholders overall interests will therefore be diluted by 8.6% following the placement (however some existing shareholders have participated in the placement so their particular interests may have increased or been diluted to a lesser extent).

The remainder of 6,563,082 Shares were issued pursuant to TNG’s Listing Rule 7.1 capacity.

Further details of the approximate percentage of the issued capital post the Listing Rule 7.1 and 7.1A placement held by preplacement registered holders are as follows:

Further details of the approximate percentage of the issued capital post the Listing Rule 7.1 and 7.1A placement held by placement registered holders are as follows:	pre-
Post placement issued capital held by pre-placement registered holders who did not participate in the 7.1A placement	85%
Post placement issued capital held by pre-placement registered holders who did participate in the 7.1A placement	13%
Post placement issued capital held by participants in the 7.1A placement who were not registered holders at the time of the placement	2%

CONTACT

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

1. TNG issued the Shares by way of the Placement under ASX Listing Rule 7.1A and not by way of a pro-rata offer as it considers this to be the quickest, most efficient and most certain method for rasing funds in the circumstances. The Company notes that the Company has recently conducted a Share Purchase Plan under which existing eligible Shareholders were provided the opportunity to purchase up to $15,000 worth of Shares.

2. The Placement was not underwritten but Australian stockbrokers have participated in placing the Shares to clients for which they will receive a fee of 6% of the funds contributed. TNG has also incurred miscellaneous expenses including listing fees and legal fees in connection with the Placement.

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Enquiries:

Paul E Burton

Managing Director + 61 (0) 8 9327 0900

Nicholas Read

Read Corporate + 61 (0) 8 9388 1474

Forward-Looking Statements

This announcement has been prepared by TNG Ltd. This announcement is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained.

This is for information purposes only. Neither this nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of TNG Ltd shares in any jurisdiction.

This does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.

To the fullest extent permitted by law, TNG Ltd, its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this announcement. No responsibility for any errors or omissions from this arising out of negligence or otherwise is accepted.

This may include forward looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of TNG Ltd. Actual values, results or events may be materially different to those expressed or implied.

About TNG:

TNG Ltd is a junior exploration company with a focus on exploration and development of projects in the Northern Territory of Australia.

The company is currently developing its 100% owned world class Mount Peake Vanadium –Titanium – Iron project in the which is currently in the Definitive Feasibility Stage, with anticipated production in 2015. In addition it is also actively exploring its copper projects including its 100% owned Mt Hardy project which is emerging as a potential major Copper/Gold and polymetalic project.

The company has joint ventures on its other projects with Rio Tinto, Norilsk, and Western Desert Resources and strategic investment from AoZhong Ltd., a 100% owned subsidiary of China’s ECE Ltd.

For more information please see the company’s website at www.tngltd.com.au

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