TIVAN LIMITED — Capital/Financing Update 2013

Oct 22, 2013

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$2.3M PLACEMENT COMPLETED

ASX 22 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) is pleased to advise that it has 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. Details of the issue are set out in the Appendix 3B lodged today.

45,259,201 Shares in the Placement have been issued pursuant to TNG’s ASX Listing Rule 7.1A capacity and the Company provides the following information pursuant to ASX Listing Rule 3.10.5A.

1. 45,259,201 Shares have been issued pursuant to TNG’s ASX Listing Rule 7.1A capacity. The Shares to be issued represent 8.6% of the post placement capital in the Company. Preplacement 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)

2. 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.

3. 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.

CONTACT

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

A notice under Section 708A(5)(e) of the Corporations Act 2001 is attached.

Paul E Burton

Managing Director 22 October 2013

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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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22 October 2013

NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT 2001 (CTH)

Issuer:	TNG Limited
ABN:	12 000 817 023

TNG Limited ("Issuer") notifies ASX (as the operator of the prescribed financial market on which the securities identified below are or are to be quoted) under section 708A(5)(e) of the Corporations Act that:

1. the securities identified below were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

2. as at the date of this notice the Issuer has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Issuer and with section 674 of the Corporations Act; and

3. as at the date of this notice there is no information which is “excluded information” for the purposes of sections 708A(7) and (8) of the Corporations Act.

DETAILS OF THE ISSUE OR OFFER OF SECURITIES

DETAILS OF THE ISSUE OR OFFER OF SECURITIES	DETAILS OF THE ISSUE OR OFFER OF SECURITIES
Class of Securities:	OrdinaryShares
ASX Code of the Securities:	TNG
Date of the issue of securities:	22 October 2013
Total number of securities issued:	51,822,283